![Global Veterinary Vaccines Market](https://res.cloudinary.com/devmoveo/image/upload/v1682423429/skyquest/gallery/Global-Veterinary-Vaccines-Market.jpg)
Report ID: SQMIG35I2239
Report ID:
SQMIG35I2239 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|
Tables:
237 |
Figures:
78
Global Veterinary Vaccine Market size was valued at around USD 8.00 billion in 2022 and is Poised to grow from USD 8.50 billion in 2023 and is expected to reach a value of USD 13.75 billion by 2031, at a CAGR of 6.2% over the forecast period (2024–2031).
The global veterinary vaccines market is growing exponentially, driven by increasing awareness of animal health and increasing demand for animal-derived products such as meat, milk and eggs. Animal diseases at the increasing incidence of animal-to-human transmission can further emphasize the importance of prevention decision-making and sustainability of food security.
Additionally, the expansion of the livestock population, coupled with the intensifying focus on food safety and sustainability, has propelled the market forward. These innovations offer increased efficacy and safety profiles, making them increasingly popular with veterinarians and pet owners. The market also benefits from increased investments by key players aimed at developing emerging and existing vaccines in R&D. Furthermore, government initiatives to prevent and eradicate animal diseases, particularly in developing countries, are providing a significant impetus to market expansion. Increasing incidence of animal diseases and ever-increasing livestock populations are the main reasons for the adoption of ruminants, especially poultry, worldwide.
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Report ID: SQMIG35I2239