The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s foot and mouth disease vaccine market report forecasts the foot and mouth disease vaccine market size to grow to $3.26 Billion by 2027, with a CAGR (compound annual growth rate) of almost 8%.

Learn More On The Foot And Mouth Disease Vaccine Market Report 2023 – https://www.thebusinessresearchcompany.com/report/foot-and-mouth-disease-vaccine-global-market-report

Foot And Mouth Disease Vaccine Market Size Forecast
The global foot and mouth disease vaccine market is expected to grow from $2.19 billion in 2022 to $2.40 billion in 2023 at a compound annual growth rate (CAGR) of 9.84%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food and mouth disease vaccine market is expected to reach $3.26 billion in 2027 at a CAGR of 7.92%.

Asia-Pacific held the largest foot and mouth disease vaccine market share.

Key Foot And Mouth Disease Vaccine Market Driver ­– Growth In Livestock Population
For instance, according to a report published by the US Department of Agriculture in 2022, India’s national herd of cattle increased from 1.2 million in 2021 to 306.7 million in 2022. Therefore, the growing livestock population will propel the foot and mouth disease vaccine market.

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Key Foot And Mouth Disease Vaccine Market Trend – Strategic Partnership
The major player operating in the market is entering into a partnership to leverage each other’s resources and expand in a new market. For instance, in July 2022, Biogénesis Bagó, an Argentina-based biotech company specializing in foot-and-mouth disease vaccine, partnered with FVC to develop a cutting-edge FMD vaccine site in South Korea. The strategic partnership will give South Korea access to cutting-edge technologies that will enable it to supply its internal market with safe, top-notch FMD vaccines, develop more affordable solutions for local livestock producers, and help protect the country’s sanitary status. FVC is a South Korea-based information technology services provider.

Foot And Mouth Disease Vaccine Market Segment
1) By Vaccine Type: Conventional Vaccines, Oil Based Vaccines, Aluminium Hydroxide/Saponin Based Vaccines, Emergency Vaccines
2) By Animal Type: Cattle, Pig, Sheep and Goat, Other Animals
3) By Distribution Channel: Government Organizations, Distributors/ Pharmacies, Private Vet, Other Distribution Channels

Foot And Mouth Disease Vaccine Market Major Players and Strategies
Major players in the foot and mouth disease vaccine market are Godrej Agrovet Limited, Biogénesis Bago, Merial, Indian Immunologicals Ltd., Limor de Colombia, Msd Animal Health, Merck Animal Health, Brilliant Bio Pharma Ltd., Intervet India Pvt Ltd., Biovet Private Limited and China Animal Husbandry Co. Ltd.

The Foot And Mouth Disease Vaccine Global Market Report 2023 covers regional data on foot and mouth disease vaccine market size, foot and mouth disease vaccine market trends and drivers, opportunities, strategies, and foot and mouth disease vaccine market competitor analysis. The countries covered in the foot and mouth disease vaccine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Foot-and-mouth disease (FMD) vaccines are a medication used to boost the immune system’s defenses in animals against foot-and-mouth disease. FMD is a severe and highly infectious disease affecting all cloven-hoofed animals, including cattle, sheep, goats, camelids, deer, and pigs. Animals with the foot-and-mouth disease have a high body temperature, followed by blisters, primarily on the feet and in the mouth.

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