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

What Are the Projected Market Size and Growth Rates for the Veterinary Vaccines Market From 2025 To 2029?

The scale of the veterinary vaccines market has expanded notably in the past years. Its growth is projected to rise from $13.56 billion in 2024 to $14.52 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the historic phase include the expansion of emerging markets, growth in pet expenditures, rise in disease prevalence, escalation of poultry diseases, and an increase in the occurrence of zoonotic diseases.

In the coming years, the market size for veterinary vaccines is forecasted to see robust growth, reaching $19.4 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%. The expansion during the forecast period can be credited to economic development, heightened penetration of pet insurance, a surge in pet ownership, amplified government initiatives, and a rising consciousness about animal wellbeing. The forecast period will witness key trends including ventures into the development of nanoparticles, amplifying production of subunit and virus-like particle-based vaccines, production of vaccines such as parvovirus, distemper, and adenovirus in response to the mandated and routine vaccination schedules of pet owners. Moreover, the increase in investments in technological advancements, growing investment in toxoid vaccines, a renewed focus on amplifying investments in mRNA vaccines, and strategic collaborations and partnerships are expected.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theVeterinary Vaccines Market?

Animal illnesses are on the rise, leading to an increased demand for vaccines to facilitate prevention and treatment. This scenario is what’s fuelling the growth of the veterinary vaccines market. A study by the Animal and Plant Health Agency identified 3289 new TB herd incidents in England alone. Bovine tuberculosis is a chronic ailment that typically affects animals like cattle – though it has the potential to affect all mammals. Symptoms range from a generic state of sickness to chronic coughing, ending in death. Yet, with specific antibiotics designed to eliminate the TB bacteria, treatment is possible. Due to this surge in animal-related diseases, the veterinary vaccines market is expected to grow throughout the forecast period.

Which Segments in the Veterinary Vaccines Offer the Most Growth?

The veterinary vaccines market covered in this report is segmented –

1) By Application: Livestock Vaccines, Companion Animal Vaccines

2) By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccine Types

3) By Disease Type: Anaplasmosis, Canine Parvovirus, Foot And Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive And Respiratory Syndrome (PRRS)

Subsegments:

1) By Livestock Vaccines: Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Small Ruminant Vaccines (Sheep and Goats), Aquaculture Vaccines

2) By Companion Animal Vaccines: Canine Vaccines, Feline Vaccines, Equine Vaccines

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What Are the Fastest-Growing Geographies in the #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theVeterinary Vaccines Market?# Market?

North America was the largest region in the veterinary vaccines market in 2024. Asia-Pacific was the second-largest region in the global veterinary vaccines market analysis. The regions covered in the veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Current Market Growth and Trends in the Veterinary Vaccines Industry?

Firms within the veterinary vaccines market are progressively establishing strategic alliances and collaborations to expand into fresh territories and share R&D efforts. For instance, Merck Animal Health, a pharmaceutical company based in the US, partnered strategically with Iowa State University, a research institution in the US, in a four-year strategic alliance in February 2022. This alliance aims to collaborate on inventive solutions in the field of animal health. The collaboration involves R&D, manufacturing, technology exploration, business growth, among other areas, all aiming to deliver innovative approaches to solve animal health issues within the US and globally. In a similar vein, MSD Animal Health, a unit of Merck & Co based in the US, entered into a strategic partnership with Vinovo. This alliance enables MSD Animal Health to integrate its unique wide range of vaccine product offerings with Vinovo’s vaccine delivery mechanism, thereby enhancing bird welfare and reducing vaccine reactions. Also, Wageningen bio veterinary research formed a strategic alliance with Switzerland-based Ceva, to bolster their research on the worldwide threat of new and recurrent diseases for animals.

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What Are the Key Elements That Define the Veterinary Vaccines Market?

Veterinary vaccine refers to a biological preparation that stimulates the immune response of an animal against disease in order to reduce animal suffering and the transmission of microorganisms in the animal population and enhance the immunity power of animals by improving animal health, which also prevents the transmission of diseases from animals to humans.

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