USD 2.39 Billion
FMD Disease Market Size, Share, Growth Analysis, By Technique(Conventional Vaccines (Aluminum Hydroxide/Saponin-based Vaccines, Oil-based Vaccines), and Emergency Vaccines), By Animal Type(Cattle, Sheep and goat, Pigs, and Others (antelope), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35E2021 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
67
|Figures:
75
FMD Disease Market Insights
FMD Disease Market size was valued at USD 2.58 Billion in 2023 and is poised to grow from USD 2.79 Billion in 2024 to USD 5.21 Billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
The global uptake of veterinary vaccines with emissions being elaborated to FMD vaccines has grown extensively because of the rising consumption of animal products accompanied by a higher population of animals. This can be attributed to the increasing appearance of livestock and zoonotic diseases in recent years due to factors including hostile environment modification, rapid globalization. These measures have contributed significantly to the veterinary vaccine market as governments of many countries across the globe focus on ensuring safe medical practices for a variety of animals, including communal and livestock. Laws governing the zoonotic organisms are in place both in developed and developing countries and this is because an outbreak of any one of them would have serious repercussions to a nation’s gross domestic products. Barrier deterrents consist of eliminating infected animals, and preserving appropriate inoculation transport reserves with modified strains.
The dynamic area of the animal sector due to increasing trend and demand in regard to milk, chicken egg meat and fabric through advanced and modern machinery has lured large investment. The FMD preventive measures like vaccination become crucial intervention for governments and private animal industry stakeholders because such disease outbreaks cost manifolds of financial capital. The absence of a final cure is so much more evident, made even more palpable by the numerous possible means of infection that can be used as arguments for the need to employ FMD vaccines.
Considering the substantial amount of livestock outputs that are contributed to the GDP of certain developing countries, animal healthcare practice is a much given attention. The development of new medications and vaccination facilities plays an important role in maintaining the cattle health realized by government organizations in these countries. But, on the other hand stringent measures and limitation of movement of animals or animal products through international borders in regions that are lavish regions such as North America and Europe have so substantially eliminated FMD outbreaks hence do not require these vaccines.
US FMD Disease Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Conventional Vaccines
Fastest Growth
Emergency Vaccines
Growth Rate
8.1% CAGR
Global FMD Disease Market 2022-2030 ($ Bn)
Country Share for North America Region (%)
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FMD Disease Market Segmental Analysis
The global FMD disease market is segmented based on technique, animal type, and region. In terms of technique, the market is segmented into conventional vaccines (aluminum hydroxide/saponin-based vaccines, oil-based vaccines), and emergency vaccines. In terms of classification by animal type, the market is segmented into cattle, sheep and goat, pigs, others (antelope, deer, bison, and camelids). Based on region, the global FMD disease market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
FMD Disease Market Analysis by Technique
The market for conventional vaccinations against FMD disease held the greatest portion of the market. The domination of the conventional vaccines segment is being attributed to an increase in the use of oil-based vaccinations due to their superior efficacy and longer duration of effectiveness. Although there are other conventional vaccines available, they provide protection for a shorter period of time and are less effective in preventing clinical diseases. Therefore, frequent vaccination becomes necessary as a preventative measure.
The most potent strains of these vaccines are stored in areas that have successfully eradicated this illness, such as North America and Europe. These strains are kept on hand in case of an emergency to protect diverse animal species. These strains are used to make vaccines for immunizing animals in the event of broad and rapid outbreaks of foot and mouth disease. Due to the aforementioned factors, the emergency vaccines category is anticipated to expand at the quickest rate throughout the forecast period.
FMD Disease Market Analysis by Animal Type
Domestic cattle like cows, buffaloes, and bulls make up the animal type section. It poses a threat to the world's cow population and has resulted in significant financial losses. Although the U.S. was successful in eradicating this disease, many other nations continue to struggle with it. Market growth is anticipated to be boosted by OIE (World Organization for Animal Health) campaigns like the Southeast Asia Foot and Mouth Disease Campaign (SEAFMDC).
Global FMD Disease Market By Technique (%)
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FMD Disease Market Regional Insights
Asia Pacific is anticipated to grow at a faster CAGR that is substantially higher throughout the projected period due to the increasing number of livestock animals, continued initiatives by market participants to commercialize veterinary vaccines, and increased investment in research and development in the region. In Africa, the Middle East, and Latin America, the vaccine for foot-and-mouth disease (FMD) is still in its infancy; nonetheless, it is projected that unmet vaccine demand will drive market expansion in these countries.
The North American region is predicted to dominate the market for vaccinations against foot and mouth disease. The North American region is one of the major contributors to the market for vaccines against foot and mouth disease because of the broad implementation of benefits for animal healthcare in the area. The industry is anticipated to expand quickly due to improved animal healthcare programmers and growing public awareness of animal health.
Global FMD Disease Market By Region
- Largest
- Fastest
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FMD Disease Market Dynamics
FMD Disease Market Drivers
Increasing Demand for Animal Protein
- The growing demand for animal protein and dairy products is a key driver of the FMD market, as FMD can cause significant losses in the livestock industry.
FMD Disease Market Restraints
High Cost of FMD Vaccines
- The high cost of FMD vaccines and diagnostic tests is a major restraint for the FMD market, particularly in developing countries where there is a large livestock population.
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FMD Disease Market Competitive Landscape
The competitive landscape of the foot-and-mouth disease (FMD) market is highly fragmented, with several players operating in the market. The market is dominated by a few major players, including multinational pharmaceutical companies and vaccine manufacturers, as well as several regional and local players. The global FMD market is expected to witness significant growth in the coming years, with a strong focus on research and development of advanced vaccines and therapeutics for the treatment and prevention of FMD. The market is likely to witness increased competition in the future, with a growing number of players entering the market and offering innovative products and services.
Top Player’s Company Profiles in FMD Disease Market
- Bayer AG
- Indian Immunologicals Ltd.
- Biogenesis-Bago
- Ceva Santé Animale
- China Animal Husbandry Co., Ltd. (CAH)
- Guangdong Dahuanong Animal Health Products Co., Ltd.
- Heska Corporation
- Indian Immunologicals Limited
- Lanzhou Veterinary Research Institute
- Limor de Colombia S.A.
- Merial (Sanofi)
- Minnesota Veterinary Diagnostic Laboratory
- PVT-Polish Veterinary Pharmaceuticals Ltd.
- RAKARB Veterinary Biotech.
- Vecol S.A.
- Vétoquinol
- Bioveta a.s.
FMD Disease Market Recent Developments
- In March 2024, Boehringer Ingelheim, a renowned player in the animal health sector, has collaborated with Square Pharmaceuticals to launch Aftovaxpur in Bangladesh. This advanced foot-and-mouth disease (FMD) vaccine is specifically formulated for ruminants, including cattle and sheep, aiming to enhance livestock health in the region.
- In January 2024, President Yoweri Kaguta Museveni held a meeting with his Botswana counterpart, H.E. Dr. Mokgweetsi Eric Keabetswe Masisi. This encounter took place on the sidelines of the G-77+ China summit at Speke Resort, Munyonyo. During the meeting, President Masisi assured Uganda of steadfast support in combating foot-and-mouth disease among its farmers by collaborating on the development of a vaccine.
- In April 2023, Colombian and Venezuelan authorities reached an agreement to enhance surveillance measures against foot-and-mouth disease along their shared borders. This collaborative effort aims to support Venezuela in its quest to attain certification from the World Organization for Animal Health (OIE) as a foot-and-mouth disease-free country. Venezuela is poised to become the final nation in the region to achieve this prestigious recognition.
FMD Disease Key Market Trends
- Increasing demand for FMD vaccines: The increasing demand for FMD vaccines, particularly in developing countries, is a key market trend. Governments around the world are taking initiatives to control and prevent FMD outbreaks, which is driving the demand for FMD vaccines.
- Technological advancements in vaccine development: The development of new and advanced FMD vaccines is a key market trend, with several companies focusing on developing more effective and safe vaccines for the treatment and prevention of FMD.
- Growing prevalence of FMD: The increasing prevalence of FMD in various regions of the world is driving the demand for FMD vaccines and diagnostic tests. The outbreak of FMD can cause significant losses in the livestock industry, leading to a growing need for preventive measures.
- Shift towards non-live vaccines: There is a growing trend towards the use of non-live FMD vaccines, which are considered safer and more effective than traditional live vaccines. This trend is expected to drive the growth of the non-live vaccine segment in the FMD market.
- Increased adoption of diagnostic tests: The adoption of diagnostic tests for the early detection of FMD is a key market trend. The use of diagnostic tests can help in the early identification of FMD outbreaks, allowing for timely intervention and control measures.
FMD Disease Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global FMD disease market analysis, we found that the increasing demand for animal products and the population of animals are two factors that have expanded the use of these vaccines globally. Due to reasons including unfavorable environmental changes and rapid globalization, livestock and zoonotic diseases have increased over the past few decades. Some of the main drivers of the veterinary vaccine market, of which FMD vaccines account for a sizable share, are various government initiatives made to require safe healthcare practices for companion and livestock animals. There is a growing trend towards the use of non-live FMD vaccines, which are considered safer and more effective than traditional live vaccines. This trend is expected to drive the growth of the non-live vaccine segment in the FMD market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.39 Billion |
| Market size value in 2031 | USD 4.82 Billion |
| Growth Rate | 8.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on FMD Disease Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on FMD Disease Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the FMD Disease Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the FMD Disease Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the FMD Disease Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the FMD Disease Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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