The Global Animal Vaccine Market Size accounted for USD 7,731 Million in 2021 and is estimated to achieve a market size of USD 14,679 Million by 2030 growing at a CAGR of 7.5% from 2022 to 2030. Animal vaccine market growth is fueled by vaccine development novelty combined with precision accuracy. Furthermore, the discovery and development of new vaccine technologies in veterinary medicine are likely to boost the animal vaccine market value in the coming years.

Animal Vaccine Market Report Key Highlights

• Global animal vaccine market revenue is estimated to expand by USD 14,679 million by 2030, with a 7.5% CAGR from 2022 to 2030.
• North America animal vaccine market share accounted for over 29.8% shares in 2021
• Asia-Pacific animal vaccine market growth will observe fastest CAGR from 2022 to 2030
• Based on product, attenuated live vaccine segment accounted for over 35% of the overall market share in 2021
• Among animal type, poultry segment engaged more than 37% of the total market share
• Increasing government support for the manufacture of veterinary vaccines, drives the animal vaccine market size

Vaccination has long been recognized as an effective method for reducing disease burden in pets and farm animals, and it is an important tool in maintaining animal health and welfare. Animals are susceptible to a wide variety of diseases caused by viruses, bacteria, fungi, and parasites. Therefore, the administration of vaccines to pets greatly improves the immune system by stimulating it to form disease-fighting cells and proteins (known as antibodies) that protect against the disease.

 Global Animal Vaccine Market Dynamics

Market Drivers

• Increase in the frequency of animal disease
• Increase in animal health spending
• Outbreaks of Viruses in Companion and Livestock Populations
• Increasing government support for the manufacture of veterinary vaccines

Market Restraints

• High cost of veterinary vaccines
• Negative effect of immunization on animal health

Market Opportunities

• Growth in ownership of companion animal
• Technological advancement in vaccine product

Animal Vaccine Market Report Coverage

Innovation In Vaccine Development Coupled With Precision Accuracy To Fuel The Growth Of Global Animal Vaccine Market

According to the Animal Health Institute's report, vaccine development innovation results in the development of new vaccines. Innovation in the vaccine development process results in the formulation of effective vaccines at a higher rate as compared to the traditional development model. For example, the development of new therapies such as the mRNA vaccine is a breakthrough that differs from traditional vaccines, which use an inactivated virus to stimulate an animal's immune system. These vaccines can be manufactured in a more efficient manner, at a lower cost, and with fewer risks. A new vaccine platform has the potential to increase the efficiency and precision of mass vaccination. Systems that deliver vaccines to day-old chicks via a conveyor belt or inside the egg before hatching, for example, can improve poultry vaccination rates. Oral vaccines and emerging automated injection systems in aquaculture allow for effective protection while avoiding time-consuming manual injection.

Novel Vaccine Delivery Technologies And Vectors In Veterinary Medicine Bolster The Growth Of Global Animal Vaccine Market Trend

According to a Frontiers Media S.A. report, recombinant viral vector vaccines are novel technologies in veterinary medicine that use viruses as vaccinology tools. Another feature that distinguishes veterinary vaccines from human vaccines is the technology that allows for the differentiation of infected and vaccinated animals (DIVA), which makes them an important tool in disease control and eradication. This technology has had a significant impact on imports and exports because it provides a sensitive, quick, and low-cost method of determining pathogen-free flocks and herds. As a result of the influx of technology, there has been a breakthrough in vaccine development for a wide range of pathogens, as well as in vaccinology designs that are advanced to human vaccine technologies. These factors have a positive impact on the overall growth of the animal vaccine market.

Livestock Vaccinations Prove To Be Advantageous For Animal Health, Thereby Bolstering The Growth Of Global Market

According to the PLOS report, livestock vaccine is critical to the overall well-being of smallholder households in low and middle-income countries. The provision of livestock vaccines is critical to aid in the control of livestock diseases, preventing the transmission of zoonotic infections to humans, and improving the quality of animal-sourced food, and middle-income countries have made significant investments in vaccination interventions. Poultry and small ruminants are especially important to rural women because they generate income, provide nutritious food for the family, accumulate wealth, and confer social status. Newcastle disease (ND) and Peste des Petits Ruminants (PPR) are important livestock diseases that affect smallholder farmers, particularly women, and are vaccine-preventable. According to the UK Collaborative on Development Research report, UK-funded research is in the process of developing vaccines for livestock diseases and working to make existing vaccines more robust and accessible to small farmers.

High Government Support And Involvement Fuel The Growth Of Global Animal Vaccine Market

The PLOS report also states UK-funded research plans to make existing Newcastle disease vaccines more suitable for use in areas where they are most needed. Existing vaccines are costly, must be stored cold, and are only available in large quantities. GALVmed-funded research resulted in the development of two new vaccine delivery technologies that are less expensive (US$ 0.02 per vaccination), can be kept at a suitable temperature, and are intended for use by smallholder farmers. Until 2018, an estimated 2.1 million households received 170 million doses of the Newcastle disease vaccine, primarily in South Asia. Such factors have a long-term impact and are to blame for the overabundance.

Animal Vaccine Market Segmentation            

The worldwide animal vaccine market segmentation is based on the product, animal type, and geography.

Animal Vaccine Market By Product

• Attenuated Live Vaccines
• Inactivated Vaccines
• DNA Vaccines
• Subunit Vaccines
• Recombinant Vaccines

According to the animal vaccine industry analysis, the attenuated live vaccine segment has dominated the overall market in the past and is expected to continue in the future. The majority of vaccines currently available rely on either inactivated (killed) or live attenuated (weakened) technologies. These approaches have been used successfully to treat the majority of veterinary diseases. According to a report published by eLife Sciences Publications Ltd., live attenuated vaccines are one of the most widely used vaccination technologies for the prevention of major bacterial diseases such as tuberculosis, cholera, and salmonellosis, as well as viruses in animals. These factors have a positive impact on the growth of the animal vaccine market.

Animal Vaccine Market By Animal Type

• Poultry
• Companion
• Aqua
• Ruminants
• Swine

According to the animal vaccine market forecast, the ruminants segment is expected to pose a dominant share in the coming years. Longdom Publishing's report states that vaccination of small ruminants with a marker vaccine for differentiation of infected and vaccinated animals (DIVA) using paste des petits ruminants operates the diagnostic tool. Furthermore, the development of recombinant paste des patients ruminant species vaccines or virus-like particles having better thermo-stable and DIVA capabilities using companion diagnostics reduces the time and cost for effective control and eradication of any given disease. Such factors have a positive impact on segmental growth, which in turn contributes to market growth overall.

Animal Vaccine Market Regional Outlook