South Korea Ruminant Vaccines Market Size & Outlook
South Korea ruminant vaccines market, 2018-2030 (US$M)
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South Korea ruminant vaccines market highlights
- The South Korea ruminant vaccines market generated a revenue of USD 26.5 million in 2023 and is expected to reach USD 50.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, modified/ attenuated live was the largest revenue generating vaccine type in 2023.
- Other Vaccines is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Ruminant vaccines market data book summary
| Market revenue in 2023 | USD 26.5 million |
| Market revenue in 2030 | USD 50.2 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Modified/ attenuated live |
| Fastest growing segment | Other Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Modified/ Attenuated Live, Inactivated (Killed), Other Vaccines |
| Key market players worldwide | Boehringer Ingelheim, Zoetis, Merck & Co Inc, Indian Immunologicals, Elanco Animal Health Inc, Virbac SA, Ceva Santé Animale |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global ruminant vaccines market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India ruminant vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 7.4 million by 2030.
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Ruminant Vaccines Market Scope
Ruminant Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea ruminant 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 ruminant vaccines market will help companies and investors design strategic landscapes.
Modified/ attenuated live was the largest segment with a revenue share of 51.7% in 2023. Horizon Databook has segmented the South Korea ruminant vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Ruminant Vaccines Vaccine Type Outlook (Revenue, USD Million, 2018-2030)
- Modified/ Attenuated Live
- Inactivated (Killed)
- Other Vaccines
- Other Vaccines (e.g. Recombinant, DNA, subunit, or toxoids)
- South Korea Ruminant Vaccines Route of Administration Outlook (Revenue, USD Million, 2018-2030)
- Injectable
- Others (e.g. Intranasal)
- Others (e.g. Oral, Intranasal)
- Others (e.g. Oral, Oculo-nasal etc.)
- Others (e.g. Immersion & Spray, Oral)
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ruminant vaccines market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ruminant vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ruminant vaccines market size, by vaccine type, 2018-2030 (US$M)
South Korea Ruminant Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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