The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 According to The Business Research Company’s report on the Global Foot and Mouth Disease Vaccine Market in 2023, it is projected to increase from $2.19 billion in 2022 to $2.40 billion in 2023, exhibiting a 9.84% CAGR. The market’s size is anticipated to reach $3.26 billion by 2027, growing at a 7.92% CAGR.

What was the major driver in the foot and mouth disease vaccine market?
The foot and mouth disease vaccine market is boosted by the expanding livestock population. Livestock encompasses animals like cows, horses, and pigs, raised for human use, driven by higher demand for animal products. With a growing livestock population, the risk of foot and mouth disease prevalence increases, fueling market growth. For example, the US Department of Agriculture’s 2022 report reveals India’s cattle herd surged from 1.2 million in 2021 to 306.7 million in 2022. Thus, the rising livestock population drives the foot and mouth disease vaccine market.

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What was the key trend in the foot and mouth disease vaccine market?
Strategic partnerships emerge as a key trend in the foot-and-mouth disease vaccine market. Major players collaborate to utilize combined resources and explore new markets. For instance, in July 2022, Argentina’s Biogénesis Bagó, specialized in FMD vaccines, partnered with South Korea’s FVC to establish an advanced FMD vaccine facility. This strategic alliance will grant South Korea access to cutting-edge technology, ensuring safe, high-quality FMD vaccines for its domestic market, creating cost-effective solutions for local livestock producers, and safeguarding the nation’s sanitary status.

Which was the largest region in the foot and mouth disease vaccine market?
Asia-Pacific was the largest region in the foot and mouth disease vaccine market in 2022. The regions covered in the foot and mouth disease vaccine market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the foot and mouth disease vaccine market prominent players?
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.

Key foot and mouth disease vaccine market segments
The global foot and mouth disease vaccine market is segmented –
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

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The Foot And Mouth Disease Vaccine Global Market Report 2023  provides a comprehensive overview on the foot and mouth disease vaccine market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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