Animal Vaccine Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

 

Global Animal Vaccine market is estimated to reach $15.6billion in 2027, by growing at a CAGR of 7.4% during the forecast period (2021-2027). The increasing trend for the pet as a companion increases the possibility of zoonotic diseases (disease passing from animals & insect to people), which acts as one of the major factors for the growth of the market across the globe. According to the Centers for Disease Control and Prevention (CDC), zoonotic diseases are very common in the US and Europe. It is estimated that over 6 out of 10 infectious diseases in humans are spread from animals in the US. Moreover, over 3 out of every 4 unknown or new infectious diseases in humans are spread from animals. CDC and other healthcare organizations are focused to prevent such a large spread of zoonotic diseases. This increases the demand for preventive vaccination, which in turn, fuels the demand for animal vaccines across the globe.

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Animal DNA Vaccines to Grow at a Rapid Rate Due to Increasing Awareness

Since DNA vaccines are cost-effective and fast-acting, companies are deploying DNA vaccine technology for efficiency. The other factors contributing to the growth of the market include the increasing incidences of zoonotic diseases, factory farming methods leading to the spread of various diseases among animals, and diseases due to climate change. The introduction of new animal vaccines by the major key companies such as Zoetis, Merck Animal Health, and Boehringer Ingelheim for animal health is further augmenting the growth of the market. Initiatives taken by several governments and animal wellness programs led by various animal welfare organizations are driving the market growth majorly in developed economies. Animal Association of Avian Pathologists, American Feed Industry Association, and the National Turkey Federation are some of the animal welfare organizations actively working for animal health.

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Scope of the Global Animal Vaccine Market

Market Coverage

·        Market number available - 2021-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered- ByType, and Technology

·        Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)

·        Competitive Landscape- Merck & Co. Inc., Boehringer Ingelheim Bayer, Ceva Animal Health, Valneva Technologies, and Virbac S.A

Recent Strategic Initiatives in the Global Animal VaccineMarket

·        In October 2019, Bayer Animal Health GmbH, a subsidiary of Bayer AG entered into a collaboration with VLPbio, an animal vaccine provider company. The agreement was made by both the companies to jointly develop and discover immunotherapeutics for animals based on VLPbio´s technology. The collaboration aims to create tools to shape the future of animal health and to develop new products for the prevention and treatment of animal diseases, thereby improving animal well-being.

·        In May 2019, Bayer Animal Health GmbH and Nutreco, Dutch-based nutrition producers have signed a global research and development collaboration agreement to drive the development of novel technologies and applications for the animal health and animal nutrition industries. With this collaboration, the company intends to promote animal well-being and sustainable farm profitability by enhancing the nutritional and health performance of farm animals.

Global Animal Vaccine Market-Segmentation

By Type

·        Porcine Vaccines

·        Poultry Vaccines

·        Livestock Vaccines

·        Aquaculture Vaccines

By Technology

·        Live Whole Virus Vaccines

·        Killed Whole Virus Vaccines

·        Subunit Vaccines

·        Recombinant Virus Vaccines

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Global Animal Vaccine Market– Segment by Country

North America          

·        United States

·        Canada

Europe

·        Germany

·        United Kingdom

·        France

·        Spain

·        Italy

·        Rest of Europe

Asia-Pacific   

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Rest of the World

·        Middle East & Africa

·        Latin America

Company Profiles

·        Merck & Co. Inc

·        Boehringer Ingelheim Bayer

·        Ceva Animal Health

·        Valneva Technologies

·        Virbac S.A

·        Indovax pvt. ltd.

·        Jinyu bio-technology co. ltd.

·        MSDAnimal health

·        Neogen corporation

·        Nisseiken co. ltd.

·        Texas vet lab, inc.

·        United vaccines, inc.

·        Virbac S.A

·        Ventoquinol S.A

·        Zoetis inc.

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