Japan Swine Vaccines Market Size & Outlook, 2023-2030
Japan swine vaccines market, 2018-2030 (US$M)
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Japan swine vaccines market highlights
- The Japan swine vaccines market generated a revenue of USD 125.5 million in 2023 and is expected to reach USD 173.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.7% 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.
Swine vaccines market data book summary
| Market revenue in 2023 | USD 125.5 million |
| Market revenue in 2030 | USD 173.3 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated (killed) |
| Fastest growing segment | Other Vaccines (e.g. Recombinant, DNA, subunit, or toxoids) |
| 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 (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, Japan accounted for 7.6% of the global swine vaccines market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China swine vaccines market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 14.4 million by 2030.
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Swine Vaccines Market Scope
Swine Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 37.85% in 2023. Horizon Databook has segmented the Japan 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.
Pork is the leading meat consumed in Japan compared with beef and other protein-rich sources for a healthy diet, which is expected to fuel the market growth during the forecast period. According to the Economic Research Service, USDA, pork consumption has been relatively steady at about 10.2 kg per person annually, or 2.2 million tons overall.
The Japanese people buy fresh or chilled pork to cook at home. Furthermore, increasing prevalence of swine fever & livestock animal disease and rising government initiatives to prevent the disease in Japan are among major factors contributing to the market growth.
For instance, in December 2020, Japan’s Ministry of Agriculture, Forestry and Fisheries stated that it will expand the areas of eligible to vaccinate healthy pigs against classical fever to stop the spread which has started from September 2018.
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Our clientele includes a mix of swine vaccines market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan swine vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Japan swine vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan swine vaccines market size, by vaccine type, 2018-2030 (US$M)
Japan Swine Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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