Animal Vaccines Market Size Worth $13.37 Billion By 2026 Owing To Rise In The Outbreak Of Livestock Diseases, Expanding Livestock Population Aid Demands Of Animal Vaccines| Grand View Research Inc.

February 03 07:55 2021
Animal Vaccines Market Size Worth $13.37 Billion By 2026 Owing To Rise In The Outbreak Of Livestock Diseases, Expanding Livestock Population Aid Demands Of Animal Vaccines| Grand View Research Inc.

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According to the report published by Grand View Research, Inc., increasing commercialization of animal products, rising livestock population and proliferating adoption of new technologically advanced vaccines to control outbreaks of zoonotic diseases affecting the livestock are going to boost the market growth rate in the coming years.

The global animal vaccines market size is expected to reach USD 13.37 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 6.3% over the forecast period. Rise in the outbreak of livestock diseases, expanding livestock population and increasing zoonotic diseases are driving the market growth. Increasing awareness regarding commercially available vaccines is pushing the adoption globally.

Recently, number of pet owners are on the rise and there has been a shift observed towards healthy animal practices, which is expected to boost the demand for animal vaccines in the market. In addition, rising investment from both government and non-government players and the push towards developing a better distribution channel has been a major factor in boosting the market growth rate. The bulk purchase and supply of livestock vaccines by countries such as India and Alaska that have large livestock population are reducing the profit margins of the vaccine manufacturers’ through bulk pricing.

Animal vaccine market is a highly competitive market, due to several major key players in the market. Some of the key players are Zoetis, Virbac Inc., Indian Immunological Limited, Heska Corp., Boehringer Inghlem, Bayer Pharma Ag, Merck Animal Health and Biogenesis Bago dominated the global animal vaccines market.

U.S. animal vaccines market size, by product type, 2014 - 2026 (USD Million)

Animal Vaccines Market Report Highlights

  • New manufacturing units in new regions forms a major part of expansion strategy. For instance, In April 2018, global animal health company Zoetis began constructing a new animal vaccine manufacturing and research facility in Suzhou, China. It is expected to be completed in 2021.

  •  Collaboration between major organizations helps boost the growth of the market. Recently, Virbac announced that it entered into an agreement with MSD Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA, to divest veterinary products currently marketed in the United States under the SENTINEL brands by Virbac.

  • On the basis of product, the attenuated vaccines emerged as the largest segment as a result of the benefits such as improved effectivity and enhanced long-term prevention

  • On the basis of animal type, cattle vaccines accounted for the largest share in the animal type segment of veterinary vaccines market owing to the rise in the demand for safe animal products

  • Companion animal vaccines segment is the fastest growing segment owing to the increase in number of pet owners worldwide

  • On the basis of region, North America dominated the market with the largest share in 2018. Constantly rising awareness regarding animal health and increasing commercialization of animal products are facilitating dominance of the region during the forecast period.

  • Asia Pacific is projected to witness swift growth during the forecast period owing to the speedy adoption of veterinary vaccines for quality food products and better animal health

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Animal Vaccines Market Segmentation

Grand View Research has segmented the global animal vaccines market based on product, animal type and region:

Animal Vaccines Product Outlook (Revenue, USD Million, 2014 – 2026)

  • Attenuated Live Vaccines

  • Inactivated Vaccines

  • Subunit Vaccines

  • DNA Vaccines

  • Recombinant Vaccines

Animal Vaccines Animal Type Outlook (Revenue, USD Million, 2014 – 2026)

  • Poultry

    • Infectious Bronchitis

    • Avian Influenza

    • Marek’s Disease

    • Newcastle Disease

    • Salmonella

  • Aqua

    • Streptococcosis

    • Vibrio

    • Aeromonas

  • Ruminants

    • Foot & mouth disease (FMD)

    • Lumpy skin

    • Rotavirus

    • Corona virus

    • E. Coli

    • Others

  • Companion

    • Canine

  • Distemper

  • Kennel cough (Parainfluenza)

  • Parvovirus

  • Canine herpes

  • Lyme Disease

  • Rabies

  • Feline

    • Rhinotracheitis

    • Calicivirus

    • Corona virus

    • Panleukopenia

    • Rabies

Animal Vaccines Regional Outlook (Revenue, USD Million, 2014 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • India

    • China

    • Japan

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

List of Key Players of Animal Vaccines Market

  • Zoetis
  • Virbac Inc.
  • Indian Immunological Limited
  • Heska Corp.
  • Boehringer Inghlem
  • Bayer Pharma Ag
  • Merck Animal Health
  • Biogenesis Bago

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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