South Africa Animal Vaccines Market Size & Outlook
South Africa animal vaccines market, 2018-2030 (US$M)
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South Africa animal vaccines market highlights
- The South Africa animal vaccines market generated a revenue of USD 270.9 million in 2022 and is expected to reach USD 585.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.1% 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 270.9 million |
| Market revenue in 2030 | USD 585.2 million |
| Growth rate | 10.1% (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, South Africa accounted for 2.1% 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 Middle East & Africa, South Africa animal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 585.2 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 South Africa 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.
Infectious diseases are particularly problematic in the country. Livestock production accounts for up to 25% of national income. South Africa produces chicken at the 6th lowest price per kilo in the world, hence it is competitive in the global poultry industry. Increasing government initiatives for advancing poultry sector are key factors driving the market growth in the country.
For example, in February 2020, the government introduced a masterplan in the country, which aims to encourage local demand, boost exports, and protect domestic chicken industry. This is expected to boost the market growth. However, lack of information related to animal health may limit the growth of the market.
There is consumption of around 3.9 million tons of beef, poultry, lamb, and pork meat per annum in the country. Increasing population and growing consumption are further boosting the market growth. Aquaculture production is becoming popular in the country with growing government focus on strengthening trade ties with other countries concerning the sale of meat, which is driving the market demand.
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Target buyers of South Africa 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 country-level data and insights on the South Africa animal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into South Africa animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa animal vaccines market size, by product, 2018-2030 (US$M)
South Africa Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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