Swine, Ruminant and Companion Animal Vaccines Market Size, Share, Analysis 2022-28

The global swine, ruminant and companion animal vaccines market size was valued at USD 4,656.6 million in 2021 and is poised to grow at a significant CAGR of 6.1% during the forecast period 2022-28. Global livestock production has increased in response to the rising demand for animal products. Moreover, many reasons, such as changing food tastes as a result of changing lifestyles and population expansion, enhance the demand for animal products. These factors are aiding in the development of the market. These elements are assisting the market's development. The increase in human and animal populations, combined with environmental deterioration and globalized trade and travel, increases the potential for pathogen transmission within and between species. The lack of well-developed infrastructure & resources for vaccine development and limited expenditure on pet healthcare in emerging countries may negatively impact the animal vaccines market expansion.

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Livestock Segment Dominates the Swine, Ruminant and Companion Animal Vaccines Market
Because of the increased use of meat, milk, and dairy products, the livestock segment contributed the most revenue to expanding the animal vaccines market in 2021, making animal health a critical part of disease control. However, because many of these animals come into contact with humans and illnesses like rabies can impact humans, the companion animal segment is predicted to develop quickly. Furthermore, the rising number of adoptions of these companion animals, as well as increased awareness of the need for vaccines for dogs and cats, all contribute to market growth.

The global Swine, Ruminant and Companion Animals Vaccines Market segmentation:

By Product: Swine Vaccine, Cattle Vaccine, Companion Animal Vaccines
By Disease: Swine Disease, Cattle Diseases, Companion Animal Diseases
North America Leads Swine, Ruminant and Companion Animal Vaccines Market
In the worldwide swine, ruminant and companion animal vaccines market, North America generated the most revenue. This is due to increased adoption of companion animals, increased meat and milk consumption, and increased understanding of the benefits of utilizing animal vaccines. Because of the rise in pet ownership and the occurrence of many zoonotic diseases, Asia-Pacific has a large market potential that could influence animal vaccination market trends. Furthermore, due to the high demand for animal-based food products and companion animals, continuous research on novel vaccine production technologies has increased. Furthermore, increased investment in animal healthcare industries has enhanced the development of novel vaccinations.

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Key player’s profiles in the swine, ruminant and companion animal vaccines market report are Merck & Co., Inc, Zoetis Inc, Ceva Santé Animale, Sanofi S.A, Romvac, Vaxxinova, Biovac, Boehringer Ingelheim GmbH, Anicon Labor GmbH.

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