Global Veterinary Vaccines Market: Growth Propelled by Increased Pet Spending and Disease Prevalence; Market to Reach $19.4 Billion by 2029

The upswing in veterinary vaccine demands alongside the rise in emerging markets, increased pet spending, disease prevalence, and technological advancements define the market's trajectory.

What Is The Projected Market Size Of The Global Veterinary Vaccines Market And Its Growth Rate?
• The global veterinary vaccines market has witnessed robust growth, projected to escalate from $13.56 billion in 2024 to $14.52 billion in 2025, at a CAGR of 7.1%.
• The market size is foreseen to hit $19.4 billion by 2029, growing at a CAGR of 7.5%, majorly driven by economic growth, increasing penetration of pet insurance, and rising pet ownership.

What Is Driving The Growth In The Veterinary Vaccines Market?
The surge in the prevalence of diseases among animals has spurred the need for preventive and treatment vaccines, thus driving the veterinary vaccines market. Reports from the Animal and Plant Health Agency indicate that an approximate total of 3289 new TB herd incidents were detected in England. Bovine tuberculosis is a chronic disease that affects mammals and eventually leads to death, demonstrating an urgent need for effective antibiotics to combat this increasing prevalence of diseases in animals.

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Who Are the Key Players Driving Veterinary Vaccines Market Growth?
• Zoetis Inc.
• Boehringer Ingelheim GmbH
• Merck & Co. Inc.
• Elanco Animal Health Incorporated
• Ceva Santé Animale
• Virbac Group
• HIPRA
• Biogenesis Bago
• Kyoritsu Seiyaku Corporation
• Phibro Animal Health Corporation
• Century Vaccines Limited
• Bayer Animal Health
• Cadila Vaccines Ltd.
• Cargill India Pvt. Ltd.
• China Animal Healthcare Ltd.
• Jurox Pty Ltd
• Nimrod Veterinary Products Ltd.
• Bimeda
• Animalcare
• MSD Animal Health
• Interfeed
• Biotex Plus Ltd.
• Belfarmacom
• IDT Biologika
• UCBVET
• Lemavet
• Syntec
• Sauvet
• Vetanco
• Chemo Argentina
• Brouwer
• Agrovet Market Animal Health
• DBK Pharma S.A.E.

What Are The Key Trends In The Veterinary Vaccines Market?
• Investment in the development of nanoparticles
• Production of subunit vaccines and virus-like particle-based vaccines
• Production of paravo virus, distemper, and adenovirus vaccines
• Increased investment in technological advancements
• Focus on toxoid and mRNA vaccines
• Strategic collaborations and partnerships

What Are The Segments Of The Global Veterinary Vaccines Market?
• Application: Livestock Vaccines, Companion Animal Vaccines
• Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccine Types
• Disease Type: Anaplasmosis, Canine Parvovirus, Foot And Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive And Respiratory Syndrome (PRRS)

Which Region Leads The Veterinary Vaccines Market?
North America held the largest share of the global veterinary vaccines market in 2024, followed closely by Asia-Pacific. The report covers various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Veterinary Vaccines Market Global Market Report?
- Market Size Analysis: Analyze the Veterinary Vaccines Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Veterinary Vaccines Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Vaccines Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Veterinary Vaccines Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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