Animal Vaccines Market size is projected to reach USD 14.3 billion by 2030

As per the Market Statsville Group, the global animal vaccines market size was valued at USD 9.5 billion in 2021 and is projected to reach USD 14.3 billion by 2030, registering a CAGR of 5.3% from 2022-2030. Veterinary vaccines play a significant role in protecting animal and public health, ensuring efficacy in the productivity of food animals, sufficing the feed of the ever-increasing human population. Animal vaccines have also reduced the risks posed by heavy antibiotic dosage to food and companion animals. Veterinary vaccinations benefit animal health and have a major effect on public health by eliminating zoonotic diseases, which transmit from animals to humans. Injecting against rabies vaccines in domestic animals and wildlife helped eliminate human rabies in developed countries. Developments in genetic engineering technology have led to the production of new vaccines such as gene-deleted marker vaccines, virus-like-particle vaccines, recombinant modified live chimeric vaccines, virus vaccines, and DNA vaccines. The utilization of animal vaccines on a large scale is necessary to effectively control animal diseases and requires vaccines to be available at reasonable prices. The technological advancements in vaccine technology help to reduce the cost of veterinary vaccines.

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The market is likely to witness moderate growth during the forecast period, owing to the increase in companion animal adoption worldwide and the rise in awareness about animal health regarding livestock and pet animals. In addition, an increase in meat and milk consumption and a rise in the emergence of zoonotic diseases supplement the market growth. However, the high cost of vaccine production and storage and unnecessary excessive vaccine administration to animals hamper the market growth. Moreover, a lack of awareness regarding animal welfare among pet owners hinders the expansion of the animal vaccines market.

Definition of Global Animal Vaccines Market

Animal vaccination is the immunization of a domestic, livestock or wild animal. Growth in demand for pet insurance, increase in the prevalence of animal diseases, and rise in animal health expenditure are some if the factors that are driving the global market of animal vaccines.

Center for Veterinary Biologics (CVB) is responsible for regulating animal vaccines and grants establishment licenses and product licenses to companies only after which the company can produce and sell veterinary biologics.

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Global Animal Vaccines Market Covid-19 Impact
The overall impact of COVID-19 is projected to remain fairly negative for animal vaccines companies operating in the animal health industry. The pandemic has greatly affected the veterinary revenue of hospitals and clinics, owing to a decline in number of visits amid nationwide lockdowns and changing animal healthcare approach for providing care to emergency cases and critically ill animals.

Global Animal Vaccines Market Dynamics
Drivers: Increase in prevalence of animal diseases
Companion animals such as dogs and cats suffer from various diseases, which can be fatal, hence require early diagnosis and treatment. Some major diseases prevalent among livestock and companion animals include contagious and infectious diseases. Infectious diseases such as canine distemper in dogs are highly contagious, spreading to other companion animals in the vicinity through the air. Moreover, some of the different types of diseases affecting livestock are foot and mouth disease (FMD) and contagious bovine pleuropneumonia (CBPP). The high incidence of such disease has increased the demand for vaccines to improve the quality of life of humans in terms of finance and animal in terms of health. Thus, a rise in the prevalence of diseases among livestock and companion animals is expected to fuel the growth of the animal vaccines market.

Restraints: Adverse impact of veterinary vaccines on human and animal health
Common adverse effects post-vaccination includes anaphylaxis, systemic reaction, autoimmune hemolytic anemia, respiratory disease, and post-vaccination sarcoma. These side effects lead to the animal's admittance, leading to an increase in the cost for the owners. Further, a higher risk of transmission of animal disease to humans, owing to their practice of consuming animals as meat products, is expected to hamper the use of animal vaccines. Different route of vaccine administration in animal results in inadvertent exposure of bacterial or viral strains in humans, which increase the probability of adverse effects. For instance, aerosol administration of animal vaccines or oral administration of live attenuated vaccines can increase human exposure to animal vaccines. These adverse effects raise concerns among the animal owner, limiting their preference for animal vaccination.

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Global Animal Vaccines Market Research Report Segmentation
The global animal vaccines market is categorized based on the product, animal type, and region.

By Product Outlook (Sales, USD Billion, 2017-2030)
Attenuated Vaccines
Inactivated Vaccines
Subunit Vaccines
Toxoid Vaccines
Conjugate Vaccines
Recombinant Vaccines
DNA Vaccines
By Animal Type Outlook (Sales, USD Billion, 2017-2030)
Companion animal
Dogs
Cats
Livestock animal
Cattle
Pigs
Poultry
Sheep
Others
Aquaculture
By Region Outlook (Sales, USD Billion, 2017-2030)
North America
South America
Europe
Asia Pacific
The Middle East & Africa
The attenuated vaccines segment accounted for the largest market share, by product type
Based on product type, the global animal vaccines market is divided into attenuated vaccines, subunit vaccines, toxoid vaccines, inactivated vaccines, conjugate vaccines, recombinant vaccines, and DNA vaccines. In 2021, attenuated vaccines was the highest contributor in the global animal vaccines market. Attenuated vaccines are live viruses whose virulence factor is impaired so that they do not cause any disease to the animal. Specific deletions in genes of the virus can be introduced due to the availability of advanced technology.

Attenuated vaccines are frequently used due to many advantages, making them the largest contributor to market growth. Attenuated vaccines produce stronger and longer-lasting immunity, stimulating both the humoral and cellular immune systems. Furthermore, these vaccines require fewer booster doses than other vaccines, reducing the expenses for vaccination. They do not require adjuvants to be effective in stimulating the immune system. In addition, these vaccines can induce secretory immunity as they can be administered intranasally or intraocularly.

Asia Pacific accounts for the fastest-growing region

Based on the regions, the global animal vaccines market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Worldwide, Asia Pacific is projected to be the fastest-growing region with a CAGR of 5.9% during the forecast period. Asia-Pacific is analyzed across five major countries, namely, Japan, China, Australia, India, South Korea, and the Rest of Asia-Pacific. There has been a significant increase in the production of vaccines to suit the healthcare needs of the pets adopted. These factors contribute to the surge in the development of vaccine technology.

The major reason for the growth of animal vaccines market in the developing economies such as India and China, is the cost-effective veterinary vaccinations offered to consumers. The growth is attributed to the increase in need of protection of livestock from mass wipeouts due to epidemics, especially in countries such as India. This ultimately boosts the growth of the animal vaccines market.

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Key Market Players in the Global Animal Model Market
Major players include Merck & Co., Inc., Vaxxinova, Ceva Santé Animale, Sanofi S.A., Romvac, Zoetis Inc., Boehringer Ingelheim GmbH, Biovac, Merial, Anicon Labor GmbH, Nexvet, PHL Associates, Inc., Hygieia Biological Laboratories, Colorado Serum Company, Pfizer, and Arko Laboratories, Ltd.

Top winning strategies are analyzed by performing a thorough study of the leading players in the global animal vaccines market. Comprehensive analysis of various companies' recent developments and growth curves has helped to understand their growth strategies and the potential effect on the market. The companies are evaluated based on annual reports, SEC filings, and press releases.

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