Press release
Poultry Vaccines Market 2021 Global Leading Key Players, Industry Updates, Future Growth, Business Prospects, Forthcoming Developments And Future Investments Forecast To 2027
Precision Business Insights published a research report on “Global Poultry Vaccines Market by Vaccine Type (Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines), By Formulation (Dry Form (Duct) Vaccines, Liquid Vaccines, Freeze Dried Vaccines), By Application (Marek’s Disease, Newcastle Disease, Infectious Bursal Disease, Infectious Bronchitis, Others), and Geography- Global/Region/Country Forecast to 2027”.The global poultry vaccines market US$ 2.2 Bn in the year 2020 and is anticipated to record US$ 3.24 Bn till 2027 witnessing a CAGR of 5.7% over the forecast period 2021-2027.
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Growing Demand for Healthy Meat fuelling the Global Poultry Vaccines Market
Vaccines create acquired immunity in animals and human beings to fight with particular sickness. Vaccines are biological preparations used for the prevention of different sicknesses in poultry such as Newcastle sickness, Marek’s sickness and infectious sicknesses amid others. There are several factors that are anticipated to drive the market growth over the forecast period such as government initiatives for the sake of animal health, vaccination programs arranged by different companies and growing veterinary healthcare expenses. In addition increasing cases of different infectious illnesses is also expected to foster the poultry vaccines market during the forecast years. But, growing adoption of vegetarian food, strict regulatory guidelines for the approval of vaccine and severe effects involved with vaccines and growing research and development expenses can hamper the market growth over the forecast years. The global poultry vaccines market is categorized based on region, vaccine type, application and formulation.
Regional Analysis - Poultry Vaccines Market
On the basis of geographical analysis, global poultry vaccines market is categorized into major regions such as North America, Asia Pacific, Middle East, Europe, Middle East, Latin America and Africa. Poultry vaccines market in North America is experiencing considerable share due to the increasing veterinary healthcare expenses, growing demand for healthy meat and growing R&D activities to innovate novel vaccines. Poultry vaccines market in Europe is witnessing significant growth because of the growing per capita income and increase in occurrence of poultry diseases. Poultry vaccines market in Asia Pacific is anticipated to record significant growth due to the growing population lead towards the growing demand for healthy meat in economies of the region such as India and China, growing poultry production and increasing government vaccination programs. Poultry vaccines market in Latin America is growing at significant rate due to the factors such as economic growth and growing adoption of novel vaccines. Middle East and Africa poultry vaccines market is attributed by the business expansion by industries, growing consciousness related to vaccines and increasing cases of zoonotic diseases in the region are anticipated to surge the market revenue.
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Competitive Analysis
There are several major players working in the global poultry vaccines market such as Zoetis (Pfizer, Inc.) (U.S.), Merck & Co. Inc. (U.S), Boehringer Ingelheim Vetmedica (Germany), Elanco (U.S.), Bayer Animal Health (Germany), Ceva Sante Animale (France), Indovax Pvt. Ltd. (India), Hester Biosciences Limited. (India) and Zydus AHL (India).
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