Press release
Strong Growth Ahead: Swine Vaccines Market Size To Grow At Arecord 9.7% Cagr By 2029
Swine Vaccines
How Big Is the Swine Vaccines Market Size Expected to Be by 2034?
In the past few years, the swine vaccines market has seen robust growth. It is projected to expand from a market size of $2.18 billion in 2024 to $2.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. The notable growth during the historical period can be credited to factors such as disease epidemics, economic impacts, regulatory measures by the government, and an uptick in swine production.
The market size of swine vaccines is anticipated to witness significant growth in the upcoming years. It is projected to reach a worth of $3.44 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 9.7%. Factors influencing this growth during the forecast period include the emergence of new diseases and viral strains, the global expansion of the swine industry, environmental and climate changes, biosecurity protocols, and market competition. Highly influential trends for the forecast period are advancements in veterinary science, changes in disease patterns, the worldwide demand for protein, technological progress, and an emphasis on preventive healthcare.
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What Are the Emerging Segments Within the Swine Vaccines Market?
The swine vaccines market covered in this report is segmented -
1) By Product: Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA (Deoxyribonucleic Acid) Vaccines, Recombinant Vaccines
2) By Disease: Viral Infections, Bacterial Infections, Parasitic Infection, Fungal Infections, Other Diseases
3) By Distribution Channel: Veterinary Hospitals, Veterinary Pharmacies, Online Pharmacies
4) By Application: Government Tender, Market Sales
Subsegments:
1) By Attenuated Live Vaccines: Live Attenuated Virus Vaccines, Live Attenuated Bacterial Vaccines
2) By Inactivated Vaccines: Whole Inactivated Virus Vaccines, Inactivated Bacterial Vaccines
3) By Subunit Vaccines: Protein Subunit Vaccines, Polysaccharide Subunit Vaccines
4) By DNA (Deoxyribonucleic Acid) Vaccines: Plasmid DNA Vaccines, Nucleic Acid Vaccines
5) By Recombinant Vaccines: Recombinant Vector Vaccines, Recombinant Protein Vaccines
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What Long-Term Drivers Are Shaping Swine Vaccines Market Trends?
The escalating occurrence of illnesses in pigs is anticipated to push the swine vaccine market's growth. Swine disease pertains to any deviation from the regular structural or functional state of an organism, typically accompanied by certain signs and symptoms like pseudorabies or influenza. Through stimulating the immune system to recognize and respond to particular pathogens, swine vaccines effectively curtail the escalating frequency of illnesses in swine, thus lowering infection rates, curtailing disease severity, and encouraging overall herd health. For example, the Swine Health Information Center, an American organization, indicated in December 2023 that there has been a concerning spike in African Swine Fever (ASF) cases among wild boars in Poland. At the outset of 2023, the country reported 2,347 verified ASF instances in wild boars, surpassing the total for 2022. Consequently, the escalating frequency of swine diseases is predicted to stimulate the market's growth.
Who Are the Top Competitors in Key Swine Vaccines Market Segments?
Major companies operating in the swine vaccines market are Merck & Co Inc., Boehringer Ingelheim Animal Health USA Inc., Elanco Animal Health Inc., Biogenesis Bago SA, Phibro Animal Health Corporation, KM Biologics Co. Ltd., Hipra Laboratories SA, Ceva Santé Animale SA, Zoetis Inc., Jinyu Bio-Technology Co. Ltd., China Animal Husbandry Industry Co. Ltd., Virbac SA, Harbin Veterinary Research Institute, Bioveta AS, Bimeda Holdings PLC, Biovac Ltd., Hester Biosciences Limited, Hygieia Biological Laboratories, IDT Biologika GmbH*, Intervet Inc., Komipharm International Co. Ltd., Kyoritsu Seiyaku Corporation, Lohmann Animal Health International, Norbrook Laboratories Limited, Ouro Fino Saúde Animal SA, Prondil SA, Vaxxinova International BV, Vetoquinol SA, Veyx Pharma GmbH, Tianjin Ringpu Bio-Technology Co. Ltd.
What Swine Vaccines Market Trends Are Gaining Traction Across Different Segments?
The rise of technology is a major trend that is gaining traction in the swine vaccine market. To enhance pig health and maintain their market position, leading companies are focusing on the development of novel technologies that can administer two vaccines simultaneously. For instance, Boehringer Ingelheim, a German pharmaceutical firm, rolled out TwistPak technology in May 2022. TwistPak is an innovative platform designed for mixing two vaccines, namely IngelvacCircoFLEX and IngelvacMycoFLEX. This platform is not only time-efficient and user-friendly, but it also simplifies the mixing process while retaining the flexibility of using these products either as a combined vaccine or as a monovalent. Produced using sophisticated technologies, TwistPak showcases the impact of technological evolution in this market.
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Which Regions Are Becoming Hubs for Swine Vaccines Market Innovation?
North America was the largest region in the swine vaccines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the swine vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Swine Vaccines Market?
2. What is the CAGR expected in the Swine Vaccines Market?
3. What Are the Key Innovations Transforming the Swine Vaccines Industry?
4. Which Region Is Leading the Swine Vaccines Market?
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