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 size was valued at USD 11.68 billion in 2022 and is poised to grow from USD 12.8 billion in 2023 to USD 26.12 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).

Increased outbreaks of animal disease and an ever-increasing livestock population are the primary reasons for the wider acceptance of ruminant vaccines, particularly cattle vaccines, around the world. Meat, protein, food, milk, and other commercial products such as wool and leather are all obtained from animals.Rabies vaccines, equine influenza virus vaccines, and foot and mouth disease vaccines are the most commonly used animal vaccines, which prevent the transmission of infectious agents by mimicking naturally immune defense.

Growing concerns about food security, as well as increased animal husbandry, are driving up demand for livestock vaccines. Globally, increased demand for animal products has resulted in increased livestock production. Moreover, various factors such as changing food preferences as a result of changing lifestyles and population growth are driving up demand for livestock products.These factors are assisting the market expansion. The constant introduction of technologically advanced vaccines, as well as the outbreak of livestock diseases, have all contributed to changing market dynamics.

US Animal Vaccines Market  is poised to grow at a sustainable CAGR for the next forecast year.