How Will The Poultry Vaccines Market Globally Expand In 2023?
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 poultry vaccines market report forecasts the poultry vaccines market size to grow to $2.22 Billion by 2027, with a CAGR (compound annual growth rate) of almost 8%.
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Poultry Vaccines Market Size Forecast
The global poultry vaccines market is expected to grow from $1.50 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. 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 poultry vaccines market size is expected to reach $2.22 billion in 2027 at a CAGR of 7.9%.
North America held the largest poultry vaccines market share.
Key Poultry Vaccines Market Driver – Increase In The Prevalence Of Zoonotic Diseases
For instance, in July 2022, according to an article published by the world health organization, a US-based government agency, there is a 64% rise in the number of zoonotic cases in Africa. Furthermore, zoonotic illnesses are on the increase both internationally and in India. These emerging infectious diseases in humans account for 60% of cases, with 816 zoonotic pathogens out of 1407 human pathogens. Therefore, the increasing prevalence of zoonotic diseases is expected to drive the growth of poultry vaccines.
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Key Poultry Vaccines Market Trend – Technological Advancement
Innovation and technologies have resulted in vaccines becoming the most effective and cost-effective illness prevention measures for poultry animals. Major companies operating in the poultry vaccine market are focused on developing new technological solutions to strengthen their position. For instance, in January 2020, Boehringer Ingelheim, a Germany-based pharmaceutical company, launched the VAXXITEK HVT+IBD+ND vaccine to protect poultry from three types of diseases. VAXXITEK ® HVT+IBD+ND builds a solid immune foundation and provides enhanced protection against marek’s disease, infectious bursal disease (classic and variant kinds), and newcastle disease.
Poultry Vaccines Market Segment
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
Poultry Vaccines Market Major Players and Strategies
Major players in the poultry vaccines market are Zoetis, Boehringer Ingelheim, Elanco, Ceva Animal Health LLC, Phibro Animal Health Corporation, Hester Biosciences, Intervet Inc., Merck & Co Inc., Indovax Private Limited, HIPRA, Ringpu Biology, Venkys India, Bio-Vet, Biovac, Eli Lilly and Company, VerovacciNES, Torigen, and Aptimmune Biologics.
In August 2022, Bimeda, an Ireland-based developer, manufacturer, and marketer of veterinary pharmaceuticals and animal care products, acquired Afrivet for an undisclosed amount. With this acquisition, Bimeda will have the broadest footprint of animal health companies on the African continent. Afrivet is a South Africa-based manufacturer of poultry vaccines.
The Poultry Vaccines Global Market Report 2023 covers regional data on poultry vaccines market size, poultry vaccines market trends and drivers, opportunities, strategies, and poultry vaccines market competitor analysis. The countries covered in the poultry vaccines 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.
The poultry vaccine is a vaccination used to treat preventive diseases in poultry animals. Poultry vaccine immunizations are commonly used to prevent and control contagious poultry illnesses. This is used in chicken production, which seeks to boost productivity by avoiding or limiting the occurrence of clinical disease at the farm level.
View More Reports Related To The Poultry Vaccines Market –
Poultry Global Market Report 2023
Poultry Brooders, Feeders, And Waterers Global Market Report 2023
Poultry Healthcare Global Market Report 2023
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