Poultry Vaccines Market Growth Potential: Key Insights for 2024-2033
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How Will the Poultry Vaccines Market Grow from 2024 to 2033?
There has been a notable expansion in the poultry vaccines market size in the past few years, and it is projected to increase from $1.64 billion in 2023 to $1.8 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 9.6%. This growth during the historic period can be ascribed to a variety of factors including epidemic outbreaks, the globalization of poultry trade, fluctuating consumer requirements, environmental issues, the rise of new infectious diseases, and a concentration on alternatives to antibiotics.
In the coming years, the poultry vaccines market is anticipated to experience significant expansion. The market size is projected to reach $2.59 billion by 2028, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the forecast period are disease mutation and evolution, worldwide growth of the poultry industry, growing demand for foods rich in protein, environmental issues and sustainability, increasing emphasis on animal welfare. Prominent trends during this period include the digitalization of vaccination management, emphasis on alternatives to antibiotics, enhancements in production efficiency, emerging infectious diseases, and environmental concerns.
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What Aspects Are Influencing the Growth Rate of the poultry vaccines Market?
The escalating occurrence of zoonotic diseases is anticipated to boost the growth of the poultry vaccine market. Such diseases involve a wide array of common ailments induced by harmful microorganisms like viruses, bacteria, parasites, and fungi. Significant shifts in land usage, escalating urbanization, and damage to natural habitats have all been tied to the initiation of these diseases, by fostering more human-animal interactions and accelerating transmission rates. In addition, climate change, urbanization, and the erosion of natural ecosystems heighten the risk of zoonotic diseases. With the rise in zoonotic incidents, the demand for poultry vaccines is also increasing. For instance, a 64% increase in zoonotic incidents in Africa was reported by the World Health Organization, backed by a US government agency, in July 2022. Furthermore, the rise in zoonotic diseases is common both globally and in India. These diseases represent 60% of all new infectious diseases in humans, with 816 out of 1407 human pathogens being zoonotic. Hence, the surging occurrence of zoonotic diseases is projected to contribute to the growth of the poultry vaccine market.
What Are the Critical Segments of the Poultry Vaccines Market?
1) By Type: Porcine Vaccines, Poultry Vaccine, Livestock Vaccine, Companion Animal Vaccine, Aquaculture Vaccines, Other Animal Vaccines
2) By Disease Type: Avain Influenza, Infectious Bronchitis
3) By Dosage Form: Liquid Vaccine, Freeze Dried Vaccine, Duct
4) By Technology: Toxoid, Live Attenuated Vaccines, Recombinant Vaccines, Inactivated Vaccines
5) By Application: Broiler, Layer, Breeder
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What Are the Leading Regions in the Poultry Vaccines Market Expansion?
North America was the largest region in the poultry vaccines market in 2023. The regions covered in the poultry vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Poultry Vaccines Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the poultry vaccines market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Poultry Vaccines Market Include
1. Poultry Vaccines Market Executive Summary
2. Poultry Vaccines Market Segments
3. Poultry Vaccines Market Size And Template Market Growth Rate
4. Key Poultry Vaccines Market Trends
5. Major Poultry Vaccines Market Drivers
……
25. Key Mergers And Acquisitions In The Poultry Vaccines Market
26. Top Poultry Vaccines Companies
27. Poultry Vaccines Market Opportunities And Strategies
28. Poultry Vaccines Market, Conclusions And Recommendations
29. Appendix
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