Mexico Swine Vaccines Market Size & Outlook, 2023-2030
Mexico swine vaccines market, 2018-2030 (US$M)
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Mexico swine vaccines market highlights
- The Mexico swine vaccines market generated a revenue of USD 30.8 million in 2023 and is expected to reach USD 45.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% 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 30.8 million |
| Market revenue in 2030 | USD 45.9 million |
| Growth rate | 5.9% (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, Mexico accounted for 1.9% 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 Latin America, Brazil swine vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 45.9 million by 2030.
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Swine Vaccines Market Scope
Swine Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 39.94% in 2023. Horizon Databook has segmented the Mexico 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.
The market for swine vaccines is projected to be driven by the presence of key players in the country. For instance, Avimex is a privately held Mexican corporation established in 1952 that specializes in the discovery, production, and marketing of medicines, disinfectants, & anti-mycotoxin binders for animal health.
The company has a significant presence in the Mexican market and is exclusively committed to disease prevention and animal health enhancement, with products mostly aimed at production animals such as poultry, swine, cattle, & aquaculture.
For instance, Avimex provides biologics such as Vax safe MHP, a live attenuated vaccine used to prevent enzootic pneumonia, and Innovac IP, a killed vaccine for the prevention of swine influenza.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico swine vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Mexico swine vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico swine vaccines market size, by vaccine type, 2018-2030 (US$M)
Mexico Swine Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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