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Animal Vaccines Market Type, Application and Region – Global Trends and Forecast to 2030

Report Ocean published the latest research report on the Animal Vaccines market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Animal Vaccines market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

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The global animal vaccines market size was US$ 8.5 billion in 2021. The global animal vaccines market is forecast to grow to US$ 13.3 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Veterinary vaccines play an essential role in keeping both animals and the public safe. Moreover, the growing adoption of pets like dogs and cats and ever-increasing animal population will fuel the growth of the animal vaccine market during the study period.

Rising awareness about the preventive measures to prevent zoonotic diseases will drive market growth. Furthermore, the growing prevalence of diseases such as human rabies, infectious diseases like canine distemper in dogs, foot and mouth disease (FMD), and contagious bovine pleuropneumonia (CBPP) will escalate the demand for animal vaccines in the coming years.

Developments in the medical industry have significantly surged the advancements in recombinant modified live chimeric vaccines, gene-deleted marker vaccines, DNA vaccines, virus-like-particle vaccines, virus vaccines, etc. Thus, it will benefit the global animal vaccines market during the forecast period.

The adverse impact of animal vaccines on the health of humans and animals may limit their demand during the study period.

Regional Analysis

The Asia-Pacific animal vaccine market is forecast to emerge as the largest market in terms of revenue. It is owing to the growing population in the region. In addition to that, the rising production of vaccines to cater to the healthcare needs of pets is expected to boost the demand for animal vaccines during the forecast period. The availability of cost-effective veterinary vaccinations will also benefit the market in the region. Apart from that, raising awareness about the need for the protection of livestock from mass wipe-outs will upsurge the demand for animal vaccines during the study period.

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COVID-19 Impact Analysis

The wake of the COVID-19 pandemic negatively affected the animal vaccines companies. The pandemic has significantly impacted the animal vaccines industry due to the shift in consumer preference. Healthcare bodies started focusing on COVID-19 affected patients, which reduced the production and demand for animal vaccines. In addition to that, lockdowns and changing animal healthcare approach further hampered the growth of the market. The global animal vaccines market also witnessed a tremendous fall due to the unavailability of the workforce and raw materials.

Competitors in the Market

  • Merck & Co., Inc.
  • Vaxxinova
  • Ceva Santé Animale
  • Sanofi S.A.
  • Romvac
  • Zoetis Inc.
  • Boehringer Ingelheim GmbH
  • Biovac
  • Merial
  • Anicon Labor GmbH
  • Nexvet
  • PHL Associates, Inc.
  • Hygieia Biological Laboratories
  • Colorado Serum Company
  • Pfizer
  • Arko Laboratories, Ltd.
  • Other Prominent Players

Market Segmentation

The global animal vaccine market segmentation focuses on Product, Animal Type, and Region.

By Product Outlook

  • Attenuated Vaccines
  • Inactivated Vaccines
  • Subunit Vaccines
  • Toxoid Vaccines
  • Conjugate Vaccines
  • Recombinant Vaccines
  • DNA Vaccines

By Animal Type Outlook

  • Companion animal
    • Dogs
    • Cats
  • Livestock animal
    • Cattle
    • Pigs
    • Poultry
    • Sheep
    • Others
  • Aquaculture

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By Regional Outlook

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

What factors are taken into consideration when assessing the key market players?

  • The report analyzes companies across the globe in detail.
  • The report provides an overview of major vendors in the market, including key players.
  • Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
  • This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
  • Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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