Global Animal Vaccines Market Size & Outlook, 2022-2030
Global animal vaccines market, 2018-2030 (US$M)
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Global animal vaccines market highlights
- The global animal vaccines market generated a revenue of USD 12,826.7 million in 2022 and is expected to reach USD 26,123.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 9.3% by 2030.
- In terms of segment, attenuated live vaccines accounted for a revenue of USD 4,830.9 million in 2022.
- DNA Vaccines is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 12,826.7 million |
| Market revenue in 2030 | USD 26,123.8 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Attenuated live vaccines |
| Fastest growing segment | DNA Vaccines |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA Vaccines, Recombinant Vaccines |
Other key industry trends
- In terms of revenue, the North America accounted for 29.5% of the global animal vaccines market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 781.1 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global animal vaccines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal vaccines market will help companies and investors design strategic landscapes.
Attenuated live vaccines was the largest segment with a revenue share of 37.66% in 2022. Horizon Databook has segmented the Global animal vaccines market based on attenuated live vaccines, inactivated vaccines, subunit vaccines, dna vaccines, recombinant vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
The global livestock population has been experiencing a rapid growth over the past few decades. In developing countries, the demand for livestock products is increasing. This has led to rise in concern for the health of livestock.
According to animal census, India is home to a large livestock population of about 512 million. The livestock sector accounts for 25.6% of the total agricultural GDP in India, employing about 20.5 million households in the country. Rising concern about food security and increasing animal husbandries are boosting demand for Animal vaccines for livestock population.
Increasing demand for animal products has intensified the livestock production worldwide. Moreover, factors such as change in food preferences owing to changing lifestyle & population growth is boosting the demand for livestock products. The abovementioned factors are aiding growth of the livestock population worldwide.
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Target buyers of Global animal vaccines market databook
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Our clientele includes a mix of animal vaccines market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global animal vaccines market , including forecasts for subscribers. This global databook contains high-level insights into Global animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Top 10 countries: Animal vaccines market size, 2022 (US$M)
Global animal vaccines market share, by product, 2022 & 2030 (%, US$M)
Animal vaccines market: Opportunity assessment by country
Global animal vaccines market, by region, 2022 (US$M)
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