Veterinary Vaccines Market Size to Reach USD 12.75 Billion in 2027 Growing at a CAGR of 6.9%, according to Emergen Research

Emergen Research has published its latest report titled “Veterinary Vaccines Market By Type (Poultry, Swine, Aquaculture, Cattle, Cat, Dog), By Administration Path (Oral, Injection, Spray/Immersion), By Technology (Inactivated, Live Attenuated, Recombinant, Toxoid), By Infection (Fungal, Bacterial, Parasitic, Viral), and By Region, Forecasts to 2027”

According to Emergen Research, the global veterinary vaccines market size was USD 7.73 Billion in 2019 and is expected to reach USD 12.75 Billion by 2027 and register a revenue CAGR of 6.9% during the forecast period, 2020-2027. 

Market Dynamics: 

Veterinary vaccines protect animal health by controlling and preventing epizootic diseases. They also play a major role in human health in ensuring a safe food supply and preventing transmission of infectious diseases from animal-to-human. It can help people avoid expensive treatments for diseases that can be avoided. Furthermore, veterinary vaccinations can be an effective strategy for minimizing the use of antibiotics in animals, therefore aiding in the fight against antimicrobial resistance, which drives market revenue growth. 

Foodborne diseases (FBDs) are a major public health problem around the world because they are associated with significant human mortality and morbidity. Vaccination against zoonotic or foodborne diseases attempts to reduce or eliminate consumer risk while, in some cases, also enhancing individual animal output. Many life-threatening diseases, such as rabies in dogs and rinderpest in cattle, have been reduced significantly in the past owing to immunizations procedures and vaccination protocols. In addition, increase in R&D investments on development of effective vaccines, expanding veterinary clinics, advancement in diagnostic services and rapid adoption of pets in developed and developing countries are some factors expected to contribute veterinary vaccines market revenue growth over the forecast period.

However, growing popularity of vegan food, lack of animal health awareness and high investments required on development of vaccines are factors expected to restrain veterinary vaccines market over the forecast period. 

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COVID-19 Impact Analysis  

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally 
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity 
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Poultry Segment Revenue to Expand at a Rapid CAGR:

Poultry segment is expected to register a rapid revenue CAGR throughout the forecast period attributed to increasing demand for poultry products from the non-vegetarian populations, coupled with growing demand for risk free pet food. In addition, expansion of food services, increasing consumption of poultry products due to health benefits and rising emphasis on animal welfare management solutions has further boosted market segment. 

Injection Segment to Register Significant Revenue Growth:

Injection segment is expected to dominate the market over the forecast period due to growing awareness regarding the safety of animals among pet owners, injection is a part of routine health checkup of animals and is considered as an effective method of administration by healthcare professionals. 

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share in the global market over the forecast period due to increasing prevalence of animal diseases, presence of pharmaceutical and biotechnology firms that are constantly working to standardize commercialization of veterinary vaccines and immunizations. Further, rising investments on research and development activities to develop vaccines, and growing demographic of pets in United Sates other factors expected to contribute to market growth in the countries of the region.

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Major Companies in the Market Include: 

  • Zoetis Inc.
  • Bayer AG
  • Virbac SA
  • Merck KGaA
  • Eli Lilly and Company
  • Phibro Animal Health Corporation
  • Elanco Animal Health Incorporated
  • Aptimmune Biologics Inc.
  • Dechra Pharmaceuticals PLC
  • Laboratorios HIPRA, S.A

For the purpose of this report, Emergen Research has segmented the global veterinary vaccines market based on type, administration path, technology, infection, and region:

Type Outlook (Revenue, USD Billion; 2017–2027)

  • Poultry
  • Swine
  • Aquaculture
  • Cattle
  • Cat
  • Dog

Administration Path Outlook (Revenue, USD Billion; 2017–2027)

  • Oral
  • Injection
  • Spray/Immersion

Technology Outlook (Revenue, USD Billion; 2017–2027)

  • Inactivated
  • Live Attenuated
  • Recombinant
  • Toxoid

Infection Outlook (Revenue, USD Billion; 2017–2027)

  • Fungal
  • Bacterial
  • Parasitic
  • Viral

Read Report Description and Table of Contents of Market Report@https://www.emergenresearch.com/industry-report/veterinary-vaccines-market

Regional Outlook (Revenue, USD Billion; 2017–2027)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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