Livestock Vaccines Market
Growth Factors of Livestock Vaccines Market
The global livestock vaccines market size was valued at USD 5.73 billion in 2023 and is projected to grow from USD 6.01 billion in 2024 to USD 9.80 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
However, the COVID-19 outbreak affected the production and supply of farm animal vaccines, focusing on zoonotic diseases further, revitalizing the emphasis on animal fitness, and accelerating market recovery, which hindered the livestock vaccines market growth.
The market for cattle vaccines is growing due to the increase in demand for meal merchandise from animals, increasing frequency of poverty among farm animals, augmented awareness of the health of animals, and initiatives given by the governments to encourage vaccines for stopping diseases amongst farm animals.
Personalized vaccines are a growing fashion within the cattle vaccines market. Advancements in the vaccine era enable the improvement of vaccines tailored to unique pathogens or animal genotypes, imparting more excellent robust safety in opposition to sicknesses and expanding the livestock vaccines market share globally. By concentrating on particular ailment editions or individual animal traits, personalized vaccines can offer a more custom-designed and effective ailment prevention technique, contributing to livestock populations' general fitness and well-being.
Comprehensive Analysis of Livestock Vaccines Market
The livestock vaccines market is segmented by kind, animal type, direction of administration, and distribution channel. The stay attenuated vaccines section led to growing disorder outbreaks and robust immune responses. The bovine phase is dominated by animal type, while the fowl segment is predicted to increase. Parenteral management has turned into the leading direction because of its reliability, with oral administration showing a sturdy boom potential. Veterinary clinics held the most crucial distribution channel share, supported via improved animal visits and vaccine adoption, while veterinary hospitals are also anticipated to see a considerable increase.
The North America region led the livestock vaccines market by benefitting a size of USD 2.68 billion in 2023 due to the growth in vaccine launches through marketplace players, the area is anticipated to dominate the global market percentage.
The leading livestock vaccine market players significantly shape its growth trajectory and set industry standards. Key companies, including Boehringer Ingelheim International GmbH (Germany), Virbac (France), Merck Animal Health (Merck & Co., Inc.) (U.S.), Zoetis Services LLC (U.S.), Ceva (France), Elanco (U.S.), HIPRA (Spain), and Neogen Corporation (U.S.), contribute to a highly competitive landscape, driving innovation and market development.
In December 2023, The private limited chain subsidiary of the NDDB, Indian Immunologicals Ltd (IIL), found that its most promising innovative vaccines in the pipeline are for the IBR ache and lumpy skin disease in conjunction with an advocacy mixture for rabies prevention.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.3% from 2024-2032
Unit Value (USD billion)
Segmentation
By Type
- Inactivated
- Live Attenuated
- Recombinant
- Others
By Animal Type
- Bovine
- Swine/ Porcine
- Poultry
- Others
By Route of Administration
By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Others
By Geography
- North America (By Type, Animal Type, By Route of Administration, By Distribution Channel, and By Country)
- U.S.
- Canada
- Europe (By Type, Animal Type, By Route of Administration, By Distribution Channel, and By Country/Sub-region)
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific (By Type, Animal Type, By Route of Administration, By Distribution Channel, and By Country/Sub-region)
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America (By Type, Animal Type, By Route of Administration, By Distribution Channel, and By Country/Sub-region
- Brazil
- Mexico
- Rest of the Latin America
- Middle East & Africa (By Type, Animal Type, By Route of Administration, By Distribution Channel, and By Country/Sub-region)
- GCC
- South Africa
- Rest of the Middle East & Africa
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