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The global Animal Vaccines Market is projected to achieve a market size of USD 18.96 billion by 2030, experiencing a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. This growth is primarily attributed to several key factors, including the increasing reliance on animals for food production, a rise in pet adoption rates, and the imperative to combat antibiotic resistance in animals due to escalating bacterial content in their intestines.
Overview
The global Animal Vaccines Market size is expected to reach USD 18.96 billion by 2030, with a CAGR of 7.1% from 2024 to 2030. Animal vaccine is a kind of booster dose for providing immunity to the domestic & wild animals.
Vaccines are the most cost-effective measures in preventing disease in livestock populations. It is formulated to build extra power in the immune system to fight future infections and disease-causing agents. It plays an important role in animal healthcare through prevention of various communicable diseases such as anthrax, black quarter (black-leg), and rabies (mad dog disease).
Market Dynamics and Trends:
Growing dependency of humans on animal for food production, rising pet adoption, and the need to increase antibiotic resistance among animals with growing bacteria content in their intestines are expected to drive the growth of the global animal vaccines market. Moreover, the growing demand for animal vaccines has led to the development of multiple new vaccines among various companies.
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However, possibility of adverse impact of veterinary vaccines on animal health lack of animal health awareness among uneducated people, and high cost of vaccines are the factors that restrain the growth of the market. On the contrary, surge in investments in R&D activities of vaccines that inhibit the growth of antibiotic-resistant organisms are expected to create ample opportunities for the market in the coming years.
Market Segmentations and Scope of the Study:
The global animal vaccines market share is segmented on the basis of product, animal type, route of administration, vaccine type, and geography. On the basis of product, the market is categorized into DNA vaccines, inactivated vaccines, toxoid vaccines, subunit vaccines, attenuated vaccines, conjugate vaccines, and recombinant vaccines. On the basis of animal type, the market is divided into livestock animal and companion animal.
Geographical Analysis:
North America holds the major share of the animal vaccines market at present and is expected to continue its dominance during the forecast period. This is attributed to factors such as increase in adoption of pet animals and rise in zoonotic diseases such as plague,rabies, and brucellosis that can negatively impact human lives. The number of organizations such as North Shore Animal League America, The American Humane Society and The Humane Society of the United States (HSUS) are focused on the safety and well-being of animals.
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Moreover, the introduction of third generation vaccine that includes DNA, RNA, and recombinant viral-vector vaccines is helpful in prevention of infections in animals. The companies that are involved in the production of these vaccines are Neogen Corporation and Dechra Pharmaceuticals. All the above-mentioned factors are expected to propel the market growth in this region.
Moreover, Asia-pacific is expected to show a steady rise in the market due to rising awareness of food security as people are dependent on animals for poultry farming in this region and rising canine disorder such as rabies, distemper, and hepatitis which leads to the demand of vaccines as it will lower the risk of infection in the bodies of animal.
Also, environmental degradation leading to imbalanced biodiversity along with growing pollution and climate change adversely affect the animal health. These factors can cause immune suppression, oxidative stress, and metabolic disruptions in animals. They may also lead to infections and death among animals. These factors increase the demand for animal vaccines, and are expected to drive the animal vaccines market growth in this region.
Competitive Landscape:
Key market players of the global animal vaccines market include Ceva Sante Animale, Boehringer Ingelheim Animal Health, Durvet, Inc., Dechra Pharmaceuticals., Henry Schein Animal Health, Elanco, Merck Animal Health, Hipra Animal Health Limited, Zoetis, and Neogen Corporation. These market players are adopting various strategies such as acquisitions and new product launches to maintain their dominance in the global animal vaccine market.
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