Latin America Animal Vaccines Market Size & Outlook
Latin America animal vaccines market, 2018-2030 (US$M)
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Latin America animal vaccines market highlights
- The Latin America animal vaccines market generated a revenue of USD 1,898.9 million in 2022.
- The market is expected to grow at a CAGR of 9.7% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,898.9 million |
| Market revenue in 2030 | USD 3,982.4 million |
| Growth rate | 9.7% (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 |
| 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, Latin America region accounted for 14.8% of the global animal vaccines market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,412.0 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 37.73% in 2022. Horizon Databook has segmented the Latin America 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.
Latin American Animal Vaccines market is expected to grow over the forecast period, which can be attributed to factors such as rise in threat of endemic animal diseases, increase in adoption of animal husbandries, and presence of large agricultural industry in the region.
The livestock vaccines segment is the major revenue generator in the region, owing to the agricultural sector. In addition, the rising incidence of zoonotic diseases in humans and increasing prevalence of veterinary diseases in the Amazon basin are contributing to the market growth.
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Our clientele includes a mix of animal vaccines market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America animal vaccines market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America animal vaccines market size, by country, 2018-2030 (US$M)
Latin America Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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