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What Is the Forecast for the Veterinary Vaccines Market from 2024 to 2025?

The market size for veterinary vaccines has witnessed a robust growth in the past few years. The market is projected to surge from a value of $13.56 billion in 2024 to $14.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.1%. Factors such as the growth of emerging markets, heightened pet expenditures, a rise in disease prevalence, an upsurge in incidences of poultry diseases, and an increasing occurrence of zoonotic diseases have contributed to the growth during the historical period.

What Is the Projected Market Size of the Veterinary Vaccines Market?

Significant expansion is projected for the veterinary vaccines market over the upcoming years, with predictions indicating a surge to $19.4 billion by 2029, progressing at a CAGR of 7.5%. This anticipated growth during the forecast period can be credited to factors like economic development, higher pet insurance penetration, the upswing in pet ownership, escalated government initiatives, and a rising consciousness about animal health. During the forecast period, dominant trends comprise investing in nanoparticle development, escalating the production of subunit vaccines and virus-like particle-based vaccines, manufacturing of vaccines such as parvovirus, distemper, and adenovirus to meet the continuous vaccination requirements of pet owners, increased investment in technological advancements, amplified spending on toxoid vaccines, focus towards surging investment in mRNA vaccines, along with strategic alliances and partnerships.

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Who are the Major Competitors in the Veterinary Vaccines Market Outlook?

Major companies operating in the veterinary vaccines market include Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co. Inc., Elanco Animal Health Incorporated, Ceva Santé Animale., Virbac Group, HIPRA, Biogenesis Bago, Kyoritsu Seiyaku Corporation, Phibro Animal Health Corporation, Century Vaccines Limited, Bayer Animal Health, Cadila Vaccines Ltd., Cargill India Pvt. Ltd., China Animal Healthcare Ltd., Jurox Pty Ltd, Nimrod Veterinary Products Ltd., Bimeda, Animalcare, MSD Animal Health, Interfeed, Biotex Plus Ltd., Belfarmacom, IDT Biologika, UCBVET, Lemavet, Syntec, Sauvet, Vetanco, Chemo Argentina, Brouwer, Agrovet Market Animal Health, DBK Pharma S.A.E.

What Is Fueling Growth in the Veterinary Vaccines Market?

The growing number of animals affected by various diseases is heightening the need for vaccines as a preventative and treatment measure, thereby propelling the veterinary vaccines market. The Animal and Plant Health Agency’s report suggests that in England alone, there were 3289 new cases of TB identified among herds. Bovine TB, a chronic illness, predominantly impacts cattle and other mammals. It results in overall sickness, coughing, and can lead to death if left untreated. However, certain antibiotics are effective in eradicating the TB bacteria. The increasing incidence of such diseases in animals is projected to fuel the growth of the veterinary vaccines market in the coming years.

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Which Veterinary Vaccines Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Veterinary Vaccines Market?

Firms in the veterinary vaccines sector are increasingly forming strategic alliances and collaborations to venture into new regions and share R&D projects. For instance, in February 2022, Merck Animal Health, a pharmaceutical firm based in the US, entered a four-year strategic partnership with the American research university, Iowa State University. This joint venture will involve collective efforts in R&D, manufacturing, technology exploration, business growth, and several other facets, all aimed at developing imaginative solutions to tackle animal health issues in the US and on a global scale. Similarly, another US-based department of Merck & Co, MSD Animal Health, strategically teamed up with Vinovo. This collaboration will empower MSD Animal Health to merge its unique wide vaccine product array with Vinovo’s vaccine delivery system, thereby boosting bird welfare and mitigating the impact of vaccine reactions. Additionally, Wageningen bio veterinary research joined strategic forces with the Switzerland-based Ceva to boost their study on the worldwide threat of arising and recurring diseases for animals.

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Which Countries Are Leading the Veterinary Vaccines 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

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This Report Delivers Insight On:

1. How big is the veterinary vaccines market, and how is it changing globally?

2. Who are the major companies in the veterinary vaccines market, and how are they performing?

3. What are the key opportunities and risks in the veterinary vaccines market right now?

4. Which products or customer segments are growing the most in the veterinary vaccines market?

5. What factors are helping or slowing down the growth of the veterinary vaccines market?

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