Foot And Mouth Disease Vaccine Market Size, Key Drivers, Growth, Demand, Analysis 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Foot And Mouth Disease Vaccine Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $60.07 billion In 2028 At A CAGR Of 12.5% :

The foot and mouth disease vaccine market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to development of multivalent vaccines, prevalence of foot and mouth disease, government initiatives for disease control, focus on food security, economic impact of fmd outbreaks, research and development investments.

The foot and mouth disease vaccine market size is expected to see strong growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to climate change impact on disease spread, emergence of new fmd strains, one health approach, digitalization of vaccine distribution, enhanced vaccine cold chain infrastructure, continuous improvement in vaccine safety, integration with precision livestock farming, international aid for vaccination programs. Major trends in the forecast period include global fmd eradication initiatives, development of multivalent vaccines, public-private partnerships, diagnostics and surveillance technologies, biotechnological innovations, genomic surveillance, adoption of marker vaccines.

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Foot And Mouth Disease Vaccine Market Major Segments
The foot and mouth disease vaccine market covered in this report is segmented

1) By Vaccine Type: Conventional Vaccines, Oil Based Vaccines, Aluminium Hydroxide/Saponin Based Vaccines, Emergency Vaccines
2) By Animal Type: Cattle, Pig, Sheep and Goat, Other Animals
3) By Distribution Channel: Government Organizations, Distributors/ Pharmacies, Private Vet, Other Distribution Channels

Key Driver - Surge In Livestock Population Drives Growth In The Foot And Mouth Disease Vaccine Market

The growing livestock population is driving the foot and mouth disease vaccine market. Livestock is farm animals housed, reared, and utilized by humans, including cows, horses, and pigs. There is a rise in the livestock population because of an increase in demand for animal products. As livestock increases, there is a chance of the prevalence of foot and mouth disease that can lead to market growth. For instance, according to a report published by the US Department of Agriculture in 2022, India's national herd of cattle increased from 1.2 million in 2021 to 306.7 million in 2022. Therefore, the growing livestock population will propel the foot and mouth disease vaccine market.

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Prominent Trend - Biogénesis Bagó And Fvc Forge Strategic Partnership For Advanced Foot-And-Mouth Disease Vaccine Facility In South Korea

The strategic partnership is a key trend in the foot-and-mouth disease vaccine market. The major player operating in the market is entering into a partnership to leverage each other's resources and expand in a new market. For instance, in July 2022, Biogénesis Bagó, an Argentina-based biotech company specializing in foot-and-mouth disease vaccine, partnered with FVC to develop a cutting-edge FMD vaccine site in South Korea. The strategic partnership will give South Korea access to cutting-edge technologies that will enable it to supply its internal market with safe, top-notch FMD vaccines, develop more affordable solutions for local livestock producers, and help protect the country's sanitary status. FVC is a South Korea-based information technology services provider.

Foot And Mouth Disease Vaccine Market Players
Major companies operating in the foot and mouth disease vaccine market report are Godrej Agrovet Limited, Biogénesis Bagó S.A., Indian Immunologicals Limited, Limor de Colombia, Merck & Co. Inc., Brilliant Bio Pharma Ltd., Intervet India Private Limited, Biovet Private Limited, China Animal Husbandry Group, C.H. Boehringer Sohn AG & Co. KG, VECOL S.A, VETAL Animal Health Products Inc., The Spirit Jinyu Biological Pharmaceutical Co. Ltd., Careside Co. Ltd., Dong Bang Co. Ltd., FGBI‑ARRIAH, NAVETCO NATIONAL VETERINARY JOINT STOCK COMPANY, vetvaco national veterinary joint stock company, Ceva Santé Animale, MEVAC, Agrovet Market S.A., Alivira Animal Health Limited, Anicon Labor GmbH, Southern Cross Group, SPIC Gene Science Technology Development Co. Ltd., SRI International, Syngenta Animal Health, Vemedim Corporation, Veterinary Laboratories Agency, Zoetis Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the foot and mouth disease vaccine market in 2023. The regions covered in the foot and mouth disease vaccine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Foot And Mouth Disease Vaccine Market Report Structure
3. Foot And Mouth Disease Vaccine Market Trends And Strategies
4. Foot And Mouth Disease Vaccine Market - Macro Economic Scenario
5. Foot And Mouth Disease Vaccine Market Size And Growth
…..
27. Foot And Mouth Disease Vaccine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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