According to Precision Business Insights, the Poultry Vaccines Market research report provides industry size and growth.
Poultry Vaccines Market size was valued at USD 2199.8 million in 2022 and is expected to grow at a CAGR of 5.8% from 2023-2029. assesses the market performance over seven years forecast period. The report analyses the market value forecast and provides strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Vaccines are biological preparations that provide acquired immunity to particular disease in human beings or animals. Poultry vaccines are used to prevent or cure the various diseases in poultry such as Marek'™s disease, Newcastle disease, and infectious diseases among others. Increase in the demand for healthy meat, rise in number of poultry industries, grow in R&D for the innovation of newer vaccines, and rise in prevalence of various infectious diseases are anticipated to fuel poultry vaccines market. Furthermore, government initiations for protecting the animal health, rise in veterinary healthcare expenditure, and vaccination programs organized by the companies are expected to boost the poultry vaccines market. However, stringent regulatory guidelines for the vaccine approval, adverse effects associated with vaccines, high R&D expenditure, and increase in adoption of vegetarian food may restrain the growth of poultry vaccines market.
The global poultry vaccines market is divided into following categories-
Vaccine type
Formulation
Application
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Based on geographical regions, the global poultry vaccines market have five major regions- North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America poultry vaccines market has a significant share owing to rise in demand for healthy meat, increase in R&D for the innovation of newer vaccines, and rise in veterinary healthcare expenditure. Europe poultry vaccines market is growing due to launching of newer vaccines into market, rise in prevalence of poultry diseases, and grow in per capita income. Asia Pacific market expected to exhibit significant growth rate owing to increase in poultry production, government vaccination programs, and rise in population demand for healthy meat in China and India. Latin America poultry vaccines market growing due to adoption of newer vaccines, economic growth, and increase in consumption of poultry meat are propel the market. The Middle East and Africa poultry vaccines market is driven by expansion of business by companies, rise in prevalence of zoonotic diseases, and increase in awareness about the vaccines expected to upsurge the revenue of market.
Some of the key player profiles in the global poultry vaccines market includes Zoetis (Pfizer, Inc.) (U.S.), Merck & Co. Inc. (U.S), Boehringer Ingelheim Vetmedica (Germany), Elanco (U.S.), Bayer Animal Health (Germany), , Indovax Pvt. Ltd. (India), Hester Biosciences Limited. (India), Zydus AHL (India). Some of the market developments include French firm Ceva Sante Animale launching two new poultry vaccines in India through joint venture with Ceva Polchem for the treatment of Gumboro disease and Ranikhet disease in 2017.
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