Asia Pacific Swine Vaccines Market Size & Outlook
Asia Pacific swine vaccines market, 2018-2030 (US$M)
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Asia Pacific swine vaccines market highlights
- The Asia Pacific swine vaccines market generated a revenue of USD 796.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, inactivated (killed) was the largest revenue generating vaccine type in 2023.
- Other Vaccines (e.g. Recombinant, DNA, subunit, or toxoids) is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 796.1 million |
| Market revenue in 2030 | USD 1,145.9 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated (killed) |
| Fastest growing segment | Other Vaccines (e.g. Recombinant, DNA, subunit, or toxoids) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Modified/ Attenuated Live, Inactivated (Killed), Other Vaccines (e.g. Recombinant, DNA, subunit, or toxoids) |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Zoetis, Boehringer Ingelheim, Elanco Animal Health Inc, Indian Immunologicals, Biogenesis Bago, Phibro Animal Health Corp Class A, Virbac SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 48.1% of the global swine vaccines market in 2023.
- Globally, Asia Pacific 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 1,145.9 million by 2030.
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Swine Vaccines Market Scope
Swine Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific swine 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 swine vaccines market will help companies and investors design strategic landscapes.
Inactivated (killed) was the largest segment with a revenue share of 39.1% in 2023. Horizon Databook has segmented the Asia Pacific swine vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines (e.g. recombinant, dna, subunit, or toxoids) covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to grow at the fastest rate during the forecast period. Increased animal population and favorable government initiatives, especially in emerging nations, are expected to propel market growth in the region.
As most Asian nations depend on agricultural output and exports, there is a large supply of livestock animals, resulting in significant growth. Furthermore, rising incidence of infectious diseases in the region, such as Classical Swine Fever (CSF), is driving the product demand.
CSF costs India over INR 400 crores (USD 5.02) every year. As a result, the Indian government is concentrating its efforts on the development of new vaccines. For instance, in February 2020, the ICAR-Indian Veterinary Research Institute launched a novel, locally developed vaccination for CSF management that costs only INR 2 per dosage.
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Target buyers of Asia Pacific swine vaccines market databook
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Our clientele includes a mix of swine 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 continent-level data and insights on the Asia Pacific swine vaccines market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific swine vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific swine vaccines market size, by country, 2018-2030 (US$M)
Asia Pacific Swine Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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