According to Custom Market Insights (CMI), the Global Veterinary Vaccine Market was valued at nearly USD 9 billion in 2021 and is projected to reach approximately USD 15 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5% over the forecast period. Considering the evolving nature and uncertainties brought about by the COVID-19 pandemic, our research analysts have been actively monitoring and evaluating its impact on the Veterinary Vaccine Market. These insights, based on ongoing assessments, have been thoroughly integrated into our comprehensive report to reflect accurate market dynamics.

The global Veterinary Vaccine Market report presents a detailed assessment of the market's overall size and scope. It breaks down the analysis further by segmenting the market into regional and country-specific categories, offering insights into growth trends within each. The report covers critical aspects such as market share, sales data, competitive landscape analysis, the influence of domestic and international market players, regulatory frameworks, value chain enhancements, and technological advancements. It also includes evaluations of recent strategic developments, key product launches, innovation trends, and future growth opportunities.

Browse the complete report: “Veterinary Vaccine Market Size, Trends and Insights By Vaccine (Livestock Vaccine [Porcine Vaccines, Poultry Vaccines, Bovine Vaccines, Other Livestock Vaccines], Companion Animal Vaccine [Canine Vaccines, Equine Vaccines, Feline Vaccines]), By Technology (Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, Toxoid Vaccines, Other Technologies), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” at:
https://www.custommarketinsights.com/report/veterinary-vaccine-market/

Veterinary Vaccine Market: Overview

During the forecast period, the Veterinary Vaccine Market is expected to experience significant growth. One of the most widespread and concerning livestock diseases is anthrax, which remains prevalent despite efforts at global containment. According to a report published by the World Health Organization (WHO), although anthrax has been managed effectively in many regions through national vaccination programs, its persistence can be attributed to two key factors: the lack of consistent vaccination initiatives and the limited experience of newer generations of veterinarians in recognizing and reporting the disease.

This situation is further compounded by the increasing frequency of various other livestock-related diseases. These illnesses lead to considerable challenges within livestock production systems, including reduced productivity, economic losses, food insecurity, and a negative impact on public health. As a response to these concerns, veterinary vaccines have become an essential tool in animal disease prevention and management, significantly supporting market growth.

Growth Factors

Rising Pet Healthcare Spending is Driving Market Expansion

The global market for veterinary vaccines is being bolstered by growing pet ownership and increased awareness regarding animal health. Particularly, cattle vaccines are in high demand due to frequent outbreaks and the continual rise in livestock numbers worldwide. Livestock animals such as cattle are crucial sources of essential goods—milk, meat, leather, wool, and other by-products.

Commonly used vaccines like equine influenza, rabies, and foot-and-mouth disease play a vital role in reducing the transmission of contagious diseases by stimulating acquired immunity in animals. Increasing concerns over food safety, livestock health, and animal welfare, along with the rising global consumption of animal-based products, are directly contributing to the growing demand for veterinary vaccines.

Additional market drivers include population growth, shifting dietary habits, and increased production of animal-derived goods. Moreover, continuous innovations in vaccine formulations and the rising number of livestock disease outbreaks are reshaping the market’s landscape and reinforcing the need for effective immunization solutions.

Segmental Overview

Live Attenuated Vaccines Dominated the Market

The Veterinary Vaccine Market is categorized based on vaccine type and technology. Among the vaccine types, the live attenuated vaccines segment held the largest market share in 2021. These vaccines are highly effective because they activate a broad spectrum of immune responses, mimicking a natural infection. They offer rapid immunity, prolonged protection, and can often be administered orally, making them convenient and impactful. These advantages have contributed to the widespread adoption of live attenuated vaccines and are expected to continue supporting their strong market performance.

Regional Overview

North America Led the Global Veterinary Vaccine Market

In 2021, North America accounted for the highest revenue share in the Veterinary Vaccine Market. This dominance is attributed to several factors, including the high rate of pet adoption, increased consumption of meat and dairy products, and growing awareness about the benefits of preventive veterinary care. The region’s well-established healthcare infrastructure and regulatory support further facilitate market growth.

Meanwhile, the Asia-Pacific region is emerging as a rapidly growing market for veterinary vaccines. Factors such as rising pet ownership, expanding livestock industries, and the increasing prevalence of zoonotic diseases are creating favorable conditions for market expansion in this region.

Key Market Players

The competitive landscape of the Veterinary Vaccine Market is composed of both established and emerging companies. Each player is evaluated based on financial performance, global reach, R&D investment, production capabilities, and innovation strategies. The following are some of the prominent players in the global veterinary vaccine industry:

  • MERCK

  • Boehringer Ingelheim International GmbH

  • Virbac

  • Zoetis Services LLC

  • Vetoquinol

  • Elanco

  • Ceva

  • Biovac

  • NEOGEN Corporation

  • ImmuCell Corporation

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