Ruminant Vaccines Market – By Vaccine Type (Attenuated/Modified Live, Inactivated), Disease Type (Bovine Respiratory, Clostridial, FMD, Leptospirosis), Animal Type, Route of Administration (Injectable, Intravenous), End-user, Global Forecast 2024 – 2032
Report ID: GMI10481
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Published Date: July 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 12
Tables & Figures: 334
Countries covered: 22
Pages: 190
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Ruminant Vaccines Market
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Ruminant Vaccines Market Size
Ruminant Vaccines Market size accounted for USD 1.9 billion in 2023 and is set to register growth at 6.8% CAGR between 2024 and 2032. Rising global demand for meat and dairy products is driving an increase in the livestock population.
This surge highlights the critical need for effective vaccination programs to safeguard animal health and boost productivity. With the prevalence of both emerging and re-emerging livestock diseases, the demand for robust vaccination strategies is further accentuated, fueling market expansion. Moreover, government initiatives, such as funding for research and vaccination campaigns, are pivotal in propelling market growth.
Growing awareness among livestock farmers about the benefits of vaccination in preventing diseases and managing herd health supports the expansion of the ruminant vaccines market. The economic importance of livestock farming in many regions makes disease prevention through vaccination essential for sustaining livelihoods and ensuring food security. Additionally, improved veterinary healthcare infrastructure and better access to vaccines, contribute to market growth.
Animal vaccines are crucial tools in safeguarding the health of animals. They work by priming the immune system to identify and fight off pathogens, spanning from bacteria and viruses to parasites. These vaccines come in various forms, including live attenuated and inactivated versions, each tailored to combat distinct diseases. By bolstering immunity, these vaccines not only boost animal health and productivity but also play a pivotal role in ensuring food safety and mitigating the financial toll of livestock disease outbreaks.
Ruminant Vaccines Market Trends
Ruminant Vaccines Market Analysis
Based on vaccine type, the market is segmented into attenuated/modified live vaccines, inactivated vaccines, and other vaccine types. The attenuated/modified live vaccines dominated the global market with 53.2% of market share in 2023.
Based on disease type, the ruminant vaccines market is classified into bovine respiratory diseases (BRD), clostridial diseases, bovine viral diarrhea (BVD) infection, foot-and-mouth disease (FMD), leptospirosis, diarrhea/ scours, rift valley fever (RVF), and other disease types. The bovine respiratory diseases (BRD) accounted for USD 646.5 million in 2023.
Based on animal type, the ruminant vaccines market is bifurcated into cattle and sheep & goats. The cattle segment held highest market share and is expected to grow at 6.7% CAGR during the forecast period.
Based on route of administration, the ruminant vaccines market is divided into injectable and intranasal. In 2023, the injectable segment dominated the market and is poised to reach USD 3.2 billion by 2032.
Based on end-user, the ruminant vaccines market is categorized into veterinary hospitals & clinics, livestock farms, and research institutes. The veterinary hospitals & clinics segment in 2023 accounted for USD 960.3 million.
North America ruminant vaccines market accounted for USD 744.8 million in 2023 and is expected to reach USD 1.3 billion by the end of forecast timeframe.
The U.S. ruminant vaccines market in 2023 was valued at USD 687.5 million and is anticipated to reach USD 1.2 billion by 2032 with 6.4% CAGR.
China ruminant vaccines market is poised to grow remarkably during the coming years.
India is expected to grow at considerable growth rate in global ruminant vaccines market.
Ruminant Vaccines Market Share
The ruminant vaccines industry is characterized by significant competition among global players. The market is dominated by major global players such as Zoetis, Inc., Boehringer Ingelheim, Merck & Co., and Elanco Animal Health, which leverage their extensive product portfolios, robust R&D capabilities, and wide distribution networks. Competitive strategies include mergers and acquisitions, strategic partnerships, and ongoing investments in vaccine development and improvements.
Ruminant Vaccines Market Companies
Prominent players operating in the ruminant vaccines industry include:
Ruminant Vaccines Industry News:
The ruminant vaccines market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Vaccine Type
Market, By Disease Type
Market, By Animal Type
Market, By Route of Administration
Market, By End-user
The above information is provided for the following regions and countries: