Press release
Poultry Vaccines Global Market Size, Share Report, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | Zoetis Inc., Ringpu Biology, MSD Animal Health, VerovacciNES Inc., Intervet Inc.
Poultry Vaccines Global Market
The Business Research Company offers in-depth market insights through Poultry Vaccines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The poultry vaccines market size has grown strongly in recent years. It will grow from $1.64 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to epidemic outbreaks, globalization of poultry trade, shifts in consumer demand, environmental concerns, emerging infectious diseases, focus on antibiotic alternatives.
The poultry vaccines market size is expected to see strong growth in the next few years. It will grow to $2.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to disease mutation and evolution, global expansion of poultry industry, increasing demand for protein-rich foods, environmental concerns and sustainability, rising focus on animal welfare. Major trends in the forecast period include digitalization in vaccination management, focus on antibiotic alternatives, advanced production efficiency, emerging infectious diseases, environmental concerns.
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Market Segmentation:
The poultry vaccines market covered in this report is segmented -
1) By Type: Porcine Vaccines, Poultry Vaccine, Livestock Vaccine, Companion Animal Vaccine, Aquaculture Vaccines, Other Animal Vaccines
2) By Disease Type: Avain Influenza, Infectious Bronchitis
3) By Dosage Form: Liquid Vaccine, Freeze Dried Vaccine, Duct
4) By Technology: Toxoid, Live Attenuated Vaccines, Recombinant Vaccines, Inactivated Vaccines
5) By Application: Broiler, Layer, Breeder
Major Driver - Rising Zoonotic Disease Threats Drive Surging Demand For Poultry Vaccines In Global Markets
The increasing prevalence of zoonotic diseases is expected to propel the growth of the poultry vaccine market going forward. Zoonotic diseases are a group of common diseases caused by pathogenic germs such as viruses, bacteria, parasites, and fungi. The significant changes in land use, and increased urbanization have all been linked to disease onset by increasing human-animal encounters and quickening transmission rates, climate change, urbanization, and the degradation of natural habitats raise the danger of zoonotic illnesses. Due to the surge in the number of zoonotic cases, there is an increase in demand for poultry vaccines. For instance, in July 2022, according to an article published by the World Health Organization, a US-based government agency, there was a 64% rise in the number of zoonotic cases in Africa. Furthermore, zoonotic illnesses are on the increase both internationally and in India. These emerging infectious diseases in humans account for 60% of cases, with 816 zoonotic pathogens out of 1407 human pathogens. Therefore, the increasing prevalence of zoonotic diseases is expected to drive the growth of poultry vaccines.
Competitive Landscape:
Major companies operating in the poultry vaccines market report are Merck & Co Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Ringpu Biology, MSD Animal Health, Elanco Animal Health Incorporated, Ceva Santé Animale S.A., Phibro Animal Health Corporation, Huvepharma AD, Venkys India Limited, Vetoquinol S.A., Indian Immunologicals Limited, Vaccination Services Pvt Ltd., Indovax Private Limited, Pharmaq AS, Bio-Vet Inc., Hester Biosciences Limited, Intervet Inc., Anicon Labor GmbH, CZ Veterinaria S.A., Bioproperties Pty Ltd, Torigen Pharmaceuticals Inc., Bioveta a.s., Aptimmune Biologics Inc., HIPRA S.A., Biovac (Pty) Ltd., VerovacciNES Inc., Lohmann Animal Health GmbH & Co KG, Nisseiken Co Ltd., Zydus Animal Health Limited, Jinyu Bio-Technology Co Ltd., Kyoto Biken Laboratories Inc., Phage Technology Inc.
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Top Trend - Collaborate To Launch Mefluvac H5 Plus 8 For Enhanced Avian Influenza Defense
Major companies operating in the poultry vaccines market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the poultry vaccines market foster innovation, leverage complementary expertise, and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in October 2023, Kemin Industries Inc. a US-based ingredient manufacturer that specializes in improving the quality of life for people and animals partnered with Ilender Corporation, a Peru-based pharmaceutical corporation to launch mefluvac H5 plus 8 vaccines. The goal of the vaccine is to defend against avian influenza risks, such as the H5N1 and H5N8 subtypes, while also offering greater coverage. For the purpose of immunizing hens, the vaccine is an emulsified, trivalent, inactivated water-in-oil (W/O) virus. The recommended vaccination against avian influenza is mefluvactm h5 plus 8, due to its high degree of similarity with local strains. The introduction of MEFLUVAC H5 PLUS 8 marks a critical turning point in Kemin Biologics' Latin American market expansion, and it is anticipated to support the expansion and advancement of the Peruvian poultry sector by offering resilient, long-lasting defense for healthy birds against evolving threats.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Poultry Vaccines Market Characteristics
3. Poultry Vaccines Market Trends And Strategies
4. Poultry Vaccines Market - Macro Economic Scenario
5. Poultry Vaccines Market Size And Growth
…..
27. Poultry Vaccines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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