Animal Vaccines Market Size, Share, Growth Analysis, By Type(Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines), By Animal Type(Companion Animal, Livestock Animal, Aquaculture), By Region - Industry Forecast 2024-2031

Animal Vaccines Market Driver

• Increasing prevalence of zoonotic diseases has the possibility to get a negative impact on human lives, which is likely to increase demand for animal vaccines. Emerging and exotic animal diseases pose a growing threat to human and animal health, as well as a threat to food security.  The increase in human and animal population, as well as environmental degradation and globalization of trade and travel, increases opportunities for pathogen transmission within and between species.  The resulting diseases present enormous challenges both now and in the future. 
• Other critical driving factors include technological advancements and the recent release of animal products.  Animal vaccination has undergone significant R&D progressions since it was first introduced to the general public.  Animal vaccination with conventionally attenuated and inactivated pathogens has made critical and significant contributions to the protection of animal and human health.  However, the disadvantages of conventional animal immunization, such as the complex immunogenicity of certain bacterial pathogens, are frequently only partially imitated in inactivated vaccines.  These factors have resulted in the development of recombinant vaccines, which have numerous advantages, including the fact that the vaccinating person is not exposed to the pathogen.

Animal Vaccines Market Restraint

●        In developing countries of Africa, Asia, and Latin America, it is estimated that there are 600-900 million smallholder farmers who own livestock. Animal vaccination adoption among these smallholder farmers is limited due to a variety of factors, including lack of awareness about the benefits, limited accessibility as they cannot afford the cost of the immunization products and dearth of availability due to a weak supply chain. A significant number of livestock animals owned by smallholder farmers die as a result of various diseases, putting them under additional economic strain. Various strategies are being adopted by governments and agencies to improve the adoption of animal immunization among smallholder farmers by increasing accessibility, availability, and affordability.