Sheep And Goat Pox Vaccines Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theSheep And Goat Pox Vaccines Market?
The rising demand for livestock products is expected to propel the growth of the sheep and goat pox vaccines market. Factors such as income growth, population expansion, urbanization, health concerns, and changing consumer preferences are driving the demand for livestock products. Sheep and goat pox vaccines are crucial for maintaining the health and productivity of livestock. In February 2024, the Department for Environment, Food, and Rural Affairs reported a rise in mutton and lamb production, increasing by 2.9%. This growing demand for livestock products is expected to boost the sheep and goat pox vaccines market.
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#How Will the CAGR of the Sheep And Goat Pox Vaccines Market Influence Its Overall Growth by 2034?
The sheep and goat pox vaccines market has grown steadily in recent years. It will increase from $57.79 billion in 2024 to $60.58 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The growth is attributed to the rise in sheep and goat pox outbreaks, government vaccination programs, advancements in veterinary medicine, high livestock mortality rates, greater farmer awareness, and trade restrictions in affected areas.
The sheep and goat pox vaccines market size is expected to reach $72.47 billion by 2029, growing at a CAGR of 4.6%. Growth is driven by livestock product demand, livestock farming expansion, government vaccine subsidies, veterinary research investments, and disease prevention. Key trends include multivalent vaccine development, recombinant vaccine use, safety focus, and sustainable farming practices.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theSheep And Goat Pox Vaccines Market?
Major companies in the sheep and goat pox vaccine market are developing products like live attenuated vaccines to enhance immune responses while minimizing side effects. In August 2022, the Indian Council of Agricultural Research developed the Lumpi-ProVacInd vaccine to combat Lumpy Skin Disease (LSD) in cattle. This vaccine provides immunity for at least one year with a single dose, inducing a robust immune response while being safe for animals.
Who Are the Key Market Players Influencing the Growth of the Corn and Sheep And Goat Pox Vaccines Industry?
Major companies operating in the sheep and goat pox vaccines market are Indian Immunologicals Ltd., Kemin Industries, Bimeda Biologicals, Hester Biosciences Limited, Dollvet, MSD Animal Health, MCI Santé Animale, Creative Biolabs, Biovex Inc., Advacare Pharma, Brilliant Bio Pharma Private Limited, Intervac (PVT) Ltd., Agrinnovate India Limited, Bio-Med Pvt Limited, JOVAC, Vetal Animal Health Products, Kenya Veterinary Vaccines Production Institute, Vedall Pharma Private Limited, Farmer’s Pharma Private Limited, Institute of Veterinary Biological Products
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Which Key Market Segments Comprise the Sheep And Goat Pox Vaccines Market and Drive Its Revenue Growth?
The sheep and goat pox vaccines market covered in this report is segmented –
1) By Type: Live Attenuated Vaccines, Inactivated Vaccines, Other Types
2) By Route Of Administration: Injectable, Intranasal
3) By Application: Sheep, Goat
Subsegments:
1) By Live Attenuated Vaccines: Monovalent Live Attenuated Vaccines, Multivalent Live Attenuated Vaccines
2) By Inactivated Vaccines: Adjuvanted Inactivated Vaccines, Non-Adjuvanted Inactivated Vaccines
3) By Other Types: Recombinant Vaccines, DNA-Based Vaccines
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Which Regions Are Emerging as Leaders in the Sheep And Goat Pox Vaccines Market?
North America was the largest region in the sheep and goat pox vaccines market in 2024. The regions covered in the sheep and goat pox vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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