Animal Vaccines Market by Global Demand and Top Players 2021 – Ceva Sante Animale, Boehringer Ingelheim Animal Health

The Global Animal Vaccines Market size is estimated to be USD 8.99 billion in 2019 and is predicted to reach USD 16.54 billion by 2030 with a CAGR of 5.7% from 2020-2030.

Animal Vaccines plays an important role in animal healthcare as it helps in the prevention of various communicable diseases in animals. As the public dependency is increasing on animals which may also affect the human health it is important to control such disease as the consumption of milk, meat and other dairy products are increasing. Most commonly used animal vaccines include rabies, foot and mouth disease vaccine, equine influenza virus and others.

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Top Companies: Ceva Sante Animale, Boehringer Ingelheim Animal Health, Durvet, Inc., Dechra Pharmaceuticals., Henry Schein Animal Health, Elanco, Merck Animal Health, Hipra Animal Health Limited, Zoetis, and Neogen Corporation and others.

Market Dynamics and Trends

There have been various developments in the animal healthcare industry which has also increased the demand for animal vaccines over the forecast period. Furthermore, developed infrastructure are also expected to increase the production of animal vaccines and increase in dependency on animals for food and other purposes are also expected to fuel the growth of animal vaccines market.

The other factors include increase in pet adoption and increase in antibiotic resistant among animals coupled with increase in cattle and poultry industry is also expected to accelerate the growth of animal vaccines market. However, lack of animal health awareness which can adversely affect the health of other animals which are expected to impede the market growth. Moreover, increase in investment on research and development of vaccines coupled with innovation is further expected to create ample opportunities in the animal vaccines market over the forecast period.

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Market Segmentations and Scope of the Study:

The global animal vaccines market share is analyzed on the basis of product, animal type, route of administration and geography. On the basis of product, the market is segmented into Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, and DNA Vaccines. On the basis of animal type, the market is divided into companion animal, pigs, sheep, poultry, fish and cattle. The companion animals are further segmented into dogs, cats and others. Based on route of administration, the market is fragmented into injection, oral and immersion/spray. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is anticipated to hold the major market share over the forecast period owing to the increase in pet adoption coupled with infrastructure development and technological advancement. Furthermore, increase dependency on animal with increasing investment on research and development are expected to further augment the growth of animal vaccines market.

Asia Pacific is expected to show consistent growth in market size with rapid growth rate owing to the presence of developing economies. Moreover, increase in consumption of meat and other poultry products and increase in investment n animal healthcare in the regions are also expected to accelerate the market growth.

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