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Base Year: 2024
Companies covered: 15
Tables & Figures: 212
Countries covered: 19
Pages: 132
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Animal Vaccines Market
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Animal Vaccines Market Size
The global animal vaccines market was valued at USD 9.9 billion in 2024. The market is expected to grow from USD 10.4 billion in 2025 to USD 19 billion in 2034, growing at a CAGR of 6.9% during the forecast period. The market is experiencing considerable growth driven by increasing global animal population, high adoption of pet animals for companionship, rising cases of infectious diseases in animals, and rising expenditure on veterinary care.
As per the 2024 Global Pet Parent Study, the global pet population at around 1 billion. Similarly, the worldwide population of livestock is also rising to meet the increasing demand for meat, milk, and eggs. For example, the global live cattle population was approximately 1.57 billion heads in 2023. Further, global poultry population reached 27.22 billion, and pig population was estimated at approximately 778 million. Such high volume of animals increases the demand for various animal healthcare products such as vaccines, thereby boosting the market growth.
Further, the increasing occurrence of zoonotic diseases as well as the possibility of infectious outbreaks in companion and livestock animals have been propelling the animal vaccines market. There are stricter policies pertaining to the health of animals due to concerns regarding food security globally. These policies have led to the implementation of animal vaccination programs aimed at ensuring disease control. Regulatory authorities across the world are imposing strict policies to prevent the outbreak of animal-borne diseases and propelling the use of vaccines to reduce economic damages of livestock industry, thus contributing to market growth. Further, several technological advancements in the field of veterinary medicine are set to positively influence the animal health industry.
Animal vaccines, also known as veterinary vaccines, are biological formulations developed to protect animals from bacterial, viral, and fungal infections caused by pathogens. Animal vaccines are considered an effective way to prevent diseases and help limit the disease burden in companion and farm animals. These vaccines play an anchoring role in improving the health and welfare of animals, promoting the production of livestock, and restricting pathogen transmission from animals to humans.
Animal Vaccines Market Trends
Animal Vaccines Market Analysis
Based on the animal type, the market is segmented into livestock animals and companion animals. In 2024, livestock animals segment accounted for highest market share with a revenue of USD 6.4 billion. The livestock animals include poultry, cattle, swine, aquaculture, and sheep and goats.
Based on the vaccine type, the animal vaccines market is classified into attenuated live vaccine, conjugate vaccine, inactivated vaccine, DNA vaccine, recombinant vaccine, and other vaccine types. The attenuated live vaccine segment held the highest revenue in 2024 with a market share of 44.1%.
Based on the application, the animal vaccines market is segmented into bacterial infections, viral infections, parasitic infections, fungal infections, and other applications. The viral infections segment dominated the market in 2024 and is anticipated to reach USD 10.7 billion by 2034.
Based on the route of administration, the animal vaccines market is classified into injection vaccines, oral vaccines, and immersion/spray vaccines. The injection vaccines segment dominated the market in 2024 and is anticipated to witness rapid growth at a CAGR of 6.6% over the forecast years.
Based on the distribution channel, the animal vaccines market is bifurcated into veterinary hospital pharmacies, retail pharmacies, and E-commerce. in 2024, the veterinary hospital pharmacies segment dominated the market and is expected to grow at CAGR of 7% from 2025 to 2034.
North America animal vaccines market held the largest market share of 40.6% in 2024 in the global market, and it is anticipated to expand at a 6.4% CAGR over the forecast period.
The U.S. market was valued at USD 3.2 billion in 2021. The market size was valued at USD 3.3 billion in 2022 and reached USD 3.5 billion in 2023.
Europe animal vaccines market accounted for USD 2.7 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany animal vaccines market is anticipated to witness significant growth in coming years.
The Asia Pacific animal vaccines market demonstrates significant growth potential.
India animal vaccines market is poised to witness high growth over the analysis period.
Brazil animal vaccines market is anticipated to witness rapid growth over the forecast years.
Saudi Arabia animal vaccines market is set for lucrative growth in the Middle East and Africa market.
Animal Vaccines Market Share
The market is highly competitive, with several key companies striving to develop novel formulations in the market. Several major organizations, local small players, and start-ups are joining the industry competition. The top 6 companies in the market such as Zoetis, Elanco Animal Health, Merck Animal Health, Virbac, Vetoquinol, and Boehringer Ingelheim International account for approximately 60 – 70% of the global market share.
Additionally, there are several local and regional players operating in the market are boosting competition by providing affordable options at lower costs. These players are also involved in several strategies such as mergers, acquisitions, and novel product launches to expand their product offerings. For instance, in February 2021, Ceva partnered with the French National Research Institute for Agriculture, Food, and Environment (INRAE) for R&D to prevent infectious diseases from animal origin and improve animal health. Such initiatives by market players enhances the competitive landscape in the market, thereby boosting the market growth.
Animal Vaccines Market Companies
Prominent players operating in the animal vaccines industry include:
Boehringer Ingelheim has a notable presence in the animal vaccines market. The company offers a wide range of animal healthcare products, including vaccines, anti-infectives, parasiticides, and therapeutic solutions designed to improve animal health. Its main products include vaccines for respiratory and viral diseases such as Ingelvac CircoFLEX for porcine circovirus and Pratel for canine parasites. The company is also known for its Bovilis line, which provides protection against diseases like bovine respiratory syncytial virus (BRSV) and infectious bovine rhinotracheitis (IBR), solidifying its position as a leader in veterinary immunology.
Zoetis is one of the leading global animal health companies. The company discovers, develops, manufactures, and commercializes a diverse portfolio of animal health medicines and vaccines and has operations in over 100 countries. The company's dedication to R&D stimulates innovation in animal healthcare, allowing the launch of novel, effective, and safe treatments.
Animal Vaccines Industry News:
The animal vaccines market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Animal Type
Market, By Vaccine Type
Market, By Application
Market, By Route of Administration
Market, By Distribution Channel
The above information is provided for the following regions and countries: