India Animal Vaccines Market Size & Outlook, 2022-2030
India animal vaccines market, 2018-2030 (US$M)
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India animal vaccines market highlights
- The India animal vaccines market generated a revenue of USD 208.9 million in 2022 and is expected to reach USD 520.1 million by 2030.
- The India market is expected to grow at a CAGR of 12.1% from 2023 to 2030.
- In terms of segment, attenuated live vaccines was the largest revenue generating product in 2022.
- DNA Vaccines is the most lucrative product segment registering the fastest growth during the forecast period.
Animal vaccines market data book summary
| Market revenue in 2022 | USD 208.9 million |
| Market revenue in 2030 | USD 520.1 million |
| Growth rate | 12.1% (CAGR from 2022 to 2030) |
| Largest segment | Attenuated live vaccines |
| Fastest growing segment | DNA Vaccines |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA Vaccines, Recombinant Vaccines |
| Key market players worldwide | Zoetis, Ceva Santé Animale, Merck & Co Inc, Vetoquinol SA, Boehringer Ingelheim, Elanco Animal Health Inc, Virbac SA, Veterinary Pharmaceutical Solutions, Dechra Pharmaceuticals, IDEXX Laboratories Inc, Norbrook |
Other key industry trends
- In terms of revenue, India accounted for 1.6% of the global animal vaccines market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China animal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.1 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 37.58% in 2022. Horizon Databook has segmented the India 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 animal health industry has played an important role in safeguarding the interests of animal husbandry in the country. The species share in animal husbandry is 50% for livestock, 40% for poultry, 5% for companion animals, and the rest 5% for other animals.
However, lack of animal health awareness may limit the market growth. India is the largest producer of milk, with 22% global production. Hence, effective and efficient disease prevention and control strategies are of supreme importance to advance quality and quantity of livestock production in the country.
Furthermore, poultry is one of the fastest-growing segments of agricultural sector in India. In 2019, the production of poultry meat in India was 4.23 million tons, which increased from 93,220 tons in 1970. Egg consumption in 2020 was 106 billion, an increase from 34 billion in 2000, and total poultry meat consumption was 1,674 million kilograms in 2020.
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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 country-level data and insights on the India animal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into India animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India animal vaccines market size, by product, 2018-2030 (US$M)
India Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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