Strong Growth Ahead: Veterinary Vaccines Market Size To Grow At Arecord 7.5% Cagr By 2029

The Veterinary Vaccines Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Veterinary Vaccines Market Size Expected to Be by 2034?
The market for veterinary vaccines has experienced robust growth over recent years. It is projected to expand from $13.56 billion in 2024 to $14.52 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.1%. This significant growth in the previous period is due to emerging market development, increased expenditure on pets, a higher prevalence of diseases, an increase in poultry disease outbreaks, and a surge in cases of zoonotic diseases.

The market for veterinary vaccines is set to experience substantial expansion in the coming years, with forecasts predicting an increase to $19.4 billion by 2029 at a compound annual growth rate (CAGR) of 7.5%. This anticipated growth over the forecast period can be credited to several factors including economic expansion, greater uptake of pet insurance, a rise in pet ownership, more government initiatives, and heightened awareness of animal health issues. Key trends anticipated for the forecast period encompass investment in nanoparticle development, the ramping up of production for subunit and virus-like particle-based vaccines, the manufacture of immunizations like parvovirus, distemper, and adenovirus to fulfil the routine vaccination requirement of pet owners, boosted investment in technological advancements, increased spending on toxoid vaccines, an emphasis on expanding investment in mRNA vaccines, and strategic collaborations and partnerships.

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What Are the Emerging Segments Within the Veterinary Vaccines Market?
The veterinary vaccines market covered in this report is segmented -

1) By Application: Livestock Vaccines, Companion Animal Vaccines
2) By Vaccine Type: Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, Other Vaccine Types
3) By Disease Type: Anaplasmosis, Canine Parvovirus, Foot And Mouth Disease, Newcastle Disease, Distemper Disease, Influenza, Porcine Reproductive And Respiratory Syndrome (PRRS)

Subsegments:
1) By Livestock Vaccines: Bovine Vaccines, Poultry Vaccines, Porcine Vaccines, Small Ruminant Vaccines (Sheep and Goats), Aquaculture Vaccines
2) By Companion Animal Vaccines: Canine Vaccines, Feline Vaccines, Equine Vaccines

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What Long-Term Drivers Are Shaping Veterinary Vaccines Market Trends?
The escalating count of animals afflicted by various ailments is heightening the need for vaccines for prevention and cure, thus bolstering the veterinary vaccines market. As per a report issued by the Animal and Plant Health Agency, around 3289 fresh TB herd occurrences were reported in England. Bovine tuberculosis, a chronic illness that mainly impacts cattle but can affect all mammals, leads to a general state of ailment, coughing and even results in death. Nonetheless, the disease can be countered with certain antibiotics that eradicate the TB bacteria. This surge in animal diseases is anticipated to propel the veterinary vaccines market in the forecast period.

Who Are the Top Competitors in Key Veterinary Vaccines Market Segments?
Major companies operating in the veterinary vaccines market include 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 Veterinary Vaccines Market Trends Are Gaining Traction Across Different Segments?
The veterinary vaccines market is witnessing an increase in strategic partnerships and collaborations among companies, aimed at expanding into new regions and sharing research and development initiatives. For example, in February 2022, Merck Animal Health, a pharmaceutical company based in the US, joined hands with Iowa State University, a research university also based in the US, in a four-year strategic partnership. This collaboration will work on various fronts including research and development, manufacturing, new technology exploration, business expansion, and more, all with the primary focus being the development of innovative solutions to address animal health issues locally and globally. Similarly, MSD Animal Health, a subdivision of Merck & Co also based in the US, entered into a strategic collaboration with Vinovo. This will enable MSD Animal Health to incorporate its exclusive wide range of vaccine products and Vinovo's vaccine delivery mechanism into the vaccination procedure, ultimately enhancing bird welfare and minimizing vaccine responses. Furthermore, Ceva, a Switzerland-based company, and Wageningen bio veterinary research, known for its global threat research on emerging and reemerging diseases for animals, have also established a strategic alliance.

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Which Regions Are Becoming Hubs for Veterinary Vaccines Market Innovation?
North America was the largest region in the veterinary vaccines market in 2024. Asia-Pacific was the second-largest region in the global veterinary vaccines market analysis. The regions covered in the veterinary 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 Veterinary Vaccines Market?
2. What is the CAGR expected in the Veterinary Vaccines Market?
3. What Are the Key Innovations Transforming the Veterinary Vaccines Industry?
4. Which Region Is Leading the Veterinary Vaccines Market?

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