Comprehensive Analysis of the Foot And Mouth Disease Vaccine Market 2025-2034: Growth Rates, Trends, and Future Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What fueled the previous growth in the foot and mouth disease vaccine market?
The market size of the vaccine for foot and mouth disease has seen significant growth in the past few years. The projected growth is from $2.61 billion in 2024 to $2.84 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period is because of factors such as the emergence of multivalent vaccines, the wide presence of the disease, government-led efforts for disease control, an elevated focus on food security, the economic implications of FMD outbreaks, and substantial investments in research and development.
What will be the foot and mouth disease vaccine market size in the future?
The market for the foot and mouth disease vaccine is predicted to experience a swift expansion in the upcoming years, with its value expected to reach $4.17 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. Various factors are contributing to this projected growth during the forecast period such as the impact of climate change on the spread of the disease, the introduction of new FMD strains, the implementation of a holistic ‘one health’ strategy, the digitalization of vaccine distribution, improvements in cold chain infrastructure for vaccines, ongoing enhancements in vaccine safety, and integration with precision livestock farming, along with international support for vaccination campaigns. The forecast period is set to witness prominent trends like universal FMD eradication efforts, the creation of multi-valent vaccines, collaborations between public and private entities, implementation of diagnostic and surveillance technologies, breakthroughs in biotechnology, genomic surveillance, and the usage of marker vaccines.
Get your foot and mouth disease vaccine market report here!
What main drivers are fueling expansion in the foot and mouth disease vaccine market?
The expansion of the livestock industry is fueling the growth of the foot and mouth disease vaccine market. Livestock includes farm animals such as cows, horses, and pigs that are sheltered, bred, and used by humans. With augmented demand for animal-based products, there has been notable growth in the livestock population. This rise in livestock numbers naturally invites a risk of foot and mouth disease spread, contributing to the market’s expansion. For example, a 2022 report from the US Department of Agriculture indicated that the number of cattle in India escalated from 1.2 million in 2021 to 306.7 million in 2022. As a result, this burgeoning livestock population is set to elevate the foot and mouth disease vaccine market.
What key areas define the segmentation of the global foot and mouth disease vaccine market?
The foot and mouth disease vaccine market covered in this report is segmented –
1) By Vaccine Type: Conventional Vaccines, Oil Based Vaccines, Aluminum Hydroxide Or Saponin Based Vaccines, Emergency Vaccines
2) By Animal Type: Cattle, Pig, Sheep And Goat, Other Animals
3) By Distribution Channel: Government Organizations, Distributors Or Pharmacies, Private Vet, Other Distribution Channels
Subsegments:
1) By Conventional Vaccines: Inactivated Whole Virus Vaccines, Live Attenuated Vaccines, Oil-Based Vaccines
2) By Oil-Based Vaccines: Oil Emulsion Vaccines, Oil Adjuvanted Vaccines, Aluminum Hydroxide OrSaponin Based Vaccines
3) By Aluminum Hydroxide Or Saponin Based Vaccines: Aluminum Hydroxide Adjuvanted Vaccines, Saponin Adjuvanted Vaccines
4) By Emergency Vaccines: DIVA (Differentiating Infected From Vaccinated Animals) Vaccines, Rapid Response Vaccines
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8522&type=smp
Who are the dominant players expanding their reach in the foot and mouth disease vaccine market?
Major companies operating in the foot and mouth disease vaccine market are Godrej Agrovet Limited, Biogénesis Bagó S.A., Indian Immunologicals Limited, Limor de Colombia, Merck & Co. Inc., Brilliant Bio Pharma Ltd., Intervet India Private Limited, Biovet Private Limited, China Animal Husbandry Group, C.H. Boehringer Sohn AG & Co. KG, VECOL S.A, VETAL Animal Health Products Inc., The Spirit Jinyu Biological Pharmaceutical Co. Ltd., Dong Bang Co. Ltd., FGBI-ARRIAH, NAVETCO NATIONAL VETERINARY JOINT STOCK COMPANY, Ceva Santé Animale, MEVAC, Agrovet Market S.A., Alivira Animal Health Limited, Southern Cross Group, SPIC Gene Science Technology Development Co. Ltd., Zoetis Inc.
How are evolving market trends shaping foot and mouth disease vaccine Strategies?
A significant trend in the foot-and-mouth disease vaccine market is strategic collaboration. The key players are forming alliances to harness their combined resources, thereby enabling expansion into new markets. For example, in July 2022, Biogénesis Bagó, an Argentinian biotech firm focused on foot-and-mouth disease vaccines, joined forces with FVC, aiming to create a state-of-the-art FMD vaccine unit in South Korea. This alliance offers South Korea the opportunity to benefit from advanced technology, meeting its domestic market needs with safe, high-quality FMD vaccines, creating more cost-effective solutions for local livestock producers, and aiding in the preservation of its sanitary status. FVC is a company offering information technology services and is based in South Korea.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8522
Which regions are emerging as leaders in the foot and mouth disease vaccine market?
Asia-Pacific was the largest region in the foot and mouth disease vaccine market in 2024. The regions covered in the foot and mouth disease vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Veterinary Parasiticides Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/veterinary-parasiticides-global-market-report
Animal Hospitals And Veterinary Clinics Global Market Opportunities And Strategies To 2032
https://www.thebusinessresearchcompany.com/report/animal-hospitals-and-veterinary-clinics-market
Veterinary Laboratory Testing Services Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
