Poultry Vaccines Market Size to Reach USD 3,580.8 Million by 2032 growing at 7.5% CAGR - Exclusive Report by Acumen Research and Consulting

The global Poultry Vaccines Market size occupied USD 1,752.1 Million in 2022 and is projected to achieve a size of around USD 3,580.8 Million by 2032 rising with a CAGR of 7.5% during the forecasted years, as reported by Acumen Research & Consulting According to the United States Food and Agriculture Organization (FAO), the total poultry population in the world in 2019, including chickens, geese, ducks, guinea fowl, and turkeys, was approximately 27.9 billion. Chickens accounted for the largest share, making up approximately 93% of this total. The FAO reported that the global chicken population had doubled since 1990. However, the poultry industry, crucial for food safety, standards, and nutrition, is the fastest-growing agricultural sub-sector, particularly in developing countries. Factors such as a growing population, rising wage levels, and urbanization are expected to contribute to the future growth of the poultry sector. While small family farms and agribusinesses have played a role in the market's expansion, it is apparent that large-scale operations will drive future growth. Poultry Vaccines Market Statistics Global poultry vaccines market revenue accounted for USD 1,752.1 Million in 2022, with a 7.5% CAGR from 2023 to 2032 North American poultry vaccines market share occupied around 41% in 2022 Asia-Pacific poultry vaccines market growth is projected to attain over 8.4% CAGR from 2023 to 2032 By product, the attenuated live vaccines sub-segment grabbed over 31% share in 2022 Among application, the breeder occupied over USD 630.7 million in revenue in 2022 Leading industries expanding their vaccination programs is a popular poultry vaccine market trend Request for a sample of this premium research report@ https://www.acumenresearchandconsulting.com/request-sample/2875 Poultry Vaccine Market Dynamics Poultry immunization, wellness, health, and production are just a few of the factors that pose potential threats to the future growth of the poultry industry. Key challenges include consumer confidence, product quality and safety, product diversity, and the increasing prevalence of diseases, all of which will continue to impact the industry's current situation and long-term prospects. Vaccination is a crucial tool in maintaining the health of chicken flocks. Vaccines are designed to stimulate an animal's immune system, encouraging the production of antibodies that can inactivate pathogens while causing minimal harm. This preventive measure is essential in curbing the spread of infectious and viral infections, playing a significant role in poultry health. Additionally, the rapidly increasing poultry population and the growing prevalence of zoonotic pathogens in poultry are driving the demand for poultry vaccines. Poultry Vaccines Market Growth Factors The increasing prevalence of avian diseases, along with the growing poultry population, is expected to drive the demand for poultry vaccines. Additionally, rising global meat consumption, increasing demand for poultry-related food products, government initiatives, cutting-edge technologies for vaccine development, and a rise in poultry healthcare spending are propelling the growth of the global poultry vaccines market. Moreover, the COVID-19 pandemic negatively impacted the poultry industry, resulting in reduced supply, unsold inventory levels, decreased sales, and a drop in poultry meat and egg prices. However, the post-COVID-19 era has created new opportunities for vaccine developers to expand their market share. This is driven by increased awareness of animal diseases, growing demand and supply for safe food stocks and product lines, and concerns related to emerging diseases. Poultry Vaccines Market Segmentation The global market for poultry vaccines has been categorized into disease, product, dosage form, technology, application, end-user, and region. By disease segment includes avian influenza, infectious bronchitis, newcastle disease, marek's disease, and others By product industry is categorized into attenuated live vaccines, inactivated vaccines, subunit vaccines, recombinant vaccines, and DNA vaccines The dosage form segment categorized into liquid vaccine, freeze dried vaccine, and duct By technology segment industry includes recombinant vaccines, inactivated vaccines, live attenuated vaccines (LAV), and others The application segment classified into broiler, layer, and breeder By end-user industry is categorized into veterinary hospitals, poultry firm, and poultry vaccination center By region, the market is classified into Asia-Pacific, Latin America, North America, Europe, and the MEA Poultry Vaccines Market Share According to the poultry vaccines market forecast, the infectious bronchitis disease segment is projected to be a leading market share holder between 2023 and 2032. Attenuated live vaccines dominated the market in 2022 and are expected to maintain their leading position. Poultry vaccines industry analysis indicates substantial revenue growth for freeze-dried vaccine dosage forms from 2023 to 2032. Live attenuated vaccines (LAV) have consistently been the highest revenue-generating segment in recent years and are expected to continue their strong performance. Breeders dominated the market in 2022 and are expected to maintain their leading position. According to the poultry vaccines market forecast, the poultry firm end-user segment is projected to be one of the leaders and hold the largest market share between 2023 and 2032. Poultry Vaccines Market Regional Outlook North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa serve as regional classifications for the global poultry vaccines market. The Asia-Pacific region is expected to dominate the poultry vaccines market in the coming years due to the increase in poultry farming, government vaccination programs, and rising expenditure on veterinary healthcare. The Asia-Pacific poultry sector has achieved mass production levels, driven primarily by domestic consumption and a growing number of food service outlets. Moreover, India's poultry industry has been on the rise, making it the third-largest egg producer and the fourth-largest chicken producer globally, following China, Brazil, and the USA. In addition, Europe has held a significant share of revenue over the forecasted periods, thanks to favorable government policies, the presence of major industry players, and growing concerns related to zoonotic diseases. Poultry Vaccines Market Players Some prominent poultry vaccines companies covered in the industry includes Boehringer Ingelheim International GmbH, Zoetis, Ceva Animal Health, Elanco, Merck & Co., Inc., Hester Biosciences Limited, Ringpu Biology, Anicon GmbH, Venkys India, Calier, KM Biologics, and Phibro Animal Health Corporation. Click here to buy the Premium Market Research report https://www.acumenresearchandconsulting.com/buy-now/0/2875 Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/2875 Mr. Frank Wilson Acumen Research and Consulting USA: +13474743864 India: +918983225533 E-mail: sales@acumenresearchandconsulting.com