Discover trends, market shifts, and competitive outlooks for the companion animal veterinary vaccines industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Companion Animal Veterinary Vaccines Market Expected to Grow Between 2025 And 2029?

The market size for vaccines in the companion animal veterinary sector has seen robust growth recently. The market is projected to expand from $3.66 billion in 2024 to $3.88 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors such as the increase in pet ownership, emphasis on preventive healthcare, occurrence of zoonotic diseases, and developments in vaccine technology have contributed to the growth observed in the historical period.

The market for companion animal veterinary vaccines is predicted to experience significant expansion in the upcoming years, reaching $5.09 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. Several factors contributing to this projected growth during the forecast period are the rise in pet ownership, increased emphasis on preventative health care, technological advancements, and development of customized vaccination plans. Additionally, the period is expected to observe trends such as holistic vaccination initiatives, cutting-edge vaccine technologies, control measures for vector-borne diseases, and the proliferation of vaccination clinics and mobile services.

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What are the Fundamental Drivers and Innovations Shaping the Companion Animal Veterinary Vaccines Market?

The forecasted expansion of the companion animal veterinary vaccine market is contributed to the rise in pet ownership among Generation X and Generation Y adults. The APPA states that the millennials (Gen Y) have the largest percentage of pet owners across various pet species. Dogs are owned by over 80% of individuals from Gen Y and Gen Z, while cats are owned by 50% or less. The phenomenon of owning multiple pets is also increasing worldwide. For example, Animal Medicines Australia, a non-governmental organization based in Australia, reported a significant increase in pet ownership in 2022, with the number of pet owners hitting 28,730.8, a rise from the previous year’s 39%. This shows an increase of 24% and signifies a robust upward trend in pet adoption and the amount of care they receive. The uptick in pet ownership highlights the increasing popularity of pets in Australian homes. Such an upsurge in pet ownership aids in the expansion of the companion animal veterinary vaccine market.

How Is the Companion Animal Veterinary Vaccines Market Segmented?

The companion animal veterinary vaccines market covered in this report is segmented –

1) By Product: Inactivated, Live Attenuated, Recombinant, Other Products

2) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration

3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores, Other Distribution Channels

Subsegments:

1) By Inactivated: Inactivated Canine Vaccines, Inactivated Feline Vaccines, Inactivated Vaccine Combinations, Other Inactivated Vaccines

2) By Live Attenuated: Live Attenuated Canine Vaccines, Live Attenuated Feline Vaccines, Live Attenuated Vaccine Combinations, Other Live Attenuated Vaccines

3) By Recombinant: Recombinant Canine Vaccines, Recombinant Feline Vaccines, Recombinant Vaccine Combinations, Other Recombinant Vaccines

4) By Other Products: DNA Vaccines, Subunit Vaccines, Toxoid Vaccines, Other Veterinary Vaccine Products

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Which Regions Are Driving the Next Phase of the Companion Animal Veterinary Vaccines Market Growth?

North America was the largest region in the companion animal veterinary vaccines market in 2023. Asia-Pacific was the second-largest region in the companion animal veterinary vaccines market. The regions covered in the companion animal veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Key Trends Are Shaping the Future of the Companion Animal Veterinary Vaccines Market?

In the companion animal veterinary vaccine sector, there’s a growing trend of collaborations and partnerships among companies to stimulate product innovations. To stay competitive in the burgeoning veterinary market, these companies are venturing into new regions and creating unique products by pooling skills and expertise with others. For example, MSD Animal Health, a subsidiary of Merck & Co., recently went into a strategic alliance with Vinovo B.V., a division of Viscon Hatchery Automation, the top company in hatchery automation, to elevate the standard in safe and effective Vinovo vaccination which is aimed to enhance bird welfare and minimize vaccine reactions.

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How Is the Companion Animal Veterinary Vaccines Market Defined and What Are Its Core Parameters?

Companion animal vaccines are substances that are used to stimulate the production of antibodies and provide immunity against one or several diseases in pets such as dogs, birds, and cats. They are also used to improve food digestion, enhance immunity, enable animals to gain fat and weight, and generate good quality meat that is harvested for commercial purposes.

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