Global Livestock Vaccines Market Size (2024 - 2029)

The livestock vaccines market is projected to experience growth over the forecast period, driven by increasing demand for livestock products and a heightened focus on animal health and preventive care. The COVID-19 pandemic has influenced the market dynamics, leading to supply disruptions and a temporary decline in veterinary visits, which impacted vaccine usage. However, the rising incidence of COVID-19 infections in animals and government initiatives to support vaccine development are expected to bolster market expansion. Despite challenges such as high storage costs and a shortage of skilled personnel, strategic partnerships and research initiatives are being pursued by market players to enhance their market share and product offerings.

Market Size of Global Livestock Vaccines Industry

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Livestock Vaccines Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 5.88 Billion
Market Size (2029) USD 7.23 Billion
CAGR (2024 - 2029) 4.21 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Livestock Vaccines Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Livestock Vaccines Market Analysis

The Global Livestock Vaccines Market size is estimated at USD 5.88 billion in 2024, and is expected to reach USD 7.23 billion by 2029, growing at a CAGR of 4.21% during the forecast period (2024-2029).

The COVID-19 pandemic has impacted all industries, including livestock vaccines. Supply disruption and shortages of veterinary medicines have been observed in several countries, primarily due to the temporary lockdowns of manufacturing sites, export bans, and increased demand for COVID-19 medicines. Governments are taking measures to mitigate the supply of medicines. Certain specific and precautionary guidelines were given to veterinary professionals to treat companion animals during the COVID-19 pandemic by the Centers for Disease Control and Prevention in July 2020. Additionally, many government authorities, such as the Centers for Disease Control and Prevention, recommended veterinary hospitals and clinics prioritize urgent and emergency visits and procedures. This initiative by such national bodies may reduce the dependence on and usage of diagnostic equipment in veterinary healthcare management. Hence, a slight short-term negative impact is witnessed on the companion livestock vaccine market, primarily due to the reduced veterinary visits during the COVID-19 outbreak.

Globally, the livestock sector is witnessing an increased demand for livestock products such as meat and dairy products. Though this trend has traditionally been evident in developed countries across North America and Europe, demand for livestock products has increased significantly in emerging Asia Pacific and Latin American countries over the past decade.

This can primarily be attributed to the growing population in these regions, coupled with the rapid urbanization and economic growth. The repeated outbreaks of certain diseases in livestock animals are expected to support growth of the veterinary vaccines market by increasing the focus on animal health and preventive animal healthcare approaches among stakeholders in the livestock sector.

The coronavirus spreads from animal to animal with contact or aerosol transmission, thus infecting other animals. Incidents such as COVID-19 infected farmed minks were reported in numerous nations such as the U.S. and Denmark during late 2020. Thereby, such incidents have triggered the need for the COVID-19 animal vaccine. As a result, the market players are getting involved to manufacture veterinary vaccines against COVID-19. For instance, Zoetis is in process of donating over 11,000 doses of its experimental COVID-19 vaccine to help protect the health and well-being of Zoo animals. On the other hand, in April 2021, Russia has registered the world's first Covid-19 vaccine called Carnivac-Cov for animals. Thus, the growing cases of COVID-19 infections in domestic and wild animals will promote the acceptance of animal vaccines for safeguarding preventive animal health, thus soaring the industry growth.

In June 2021, the Government of the United Kingdom announced the establishment of a United Kingdom. Animal Vaccine Manufacturing and Innovation Centre in Surrey, intending to accelerate the vaccine development for livestock and to control the spread of viral diseases including coronavirus. The United Kingdom government will contribute USD 24.79 million while the Bill & Melinda Gates Foundation will contribute USD 19.43 million to establish this center. Thereby, the research initiatives adopted by the market players, growing COVID-19 infection cases in animals, and government support will enable the significant expansion of the livestock vaccines industry.

In addition, in an attempt to retain share and diversify the product portfolio, major players are frequently opting for various strategies such as mergers and acquisitions, partnerships, and new product launches. For instance, in February 2021, Ceva partnered with the French National Research Institute for Agriculture, Food, and Environment (INRAE) for R&D in the prevention of infectious diseases from animal origin and improvement of animal health. Similarly, in January 2021, Zoetis launched the Poulvac Procerta HVT-IBD vaccine for the protection of poultry against Infectious Bursal Disease (IBD).

However, high storage cost of vaccines and lack of veterinarians and skilled farm workers to administer vaccines is expected to restrain the Livestock Vaccines market growth.

Livestock Vaccines Industry Segmentation

As per the scope of the report, livestock vaccines allude to the veterinary vaccines, which are utilized fundamentally for animals, as they experience the ill effects of different ailments, for example, foot-and-mouth disease (FMD), bluetongue infection, rabies, and numerous others. These vaccines dramatically reduce losses when administered correctly to prevent disease in animals. There are different types of vaccines. Live vaccines which give long immunity after a single dose, and inactivated vaccines which need booster doses to maintain immunity are some examples. The Livestock Vaccines market is segmented by Product Type (Bovine Vaccine, Poultry Vaccine, Porcine Vaccine, and Other Livestock Vaccines), Technology (Live Attenuated Vaccine, Inactivated Vaccine, Toxoid Vaccine, Recombinant Vaccine, and Other Technologies), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product Type
Bovine Vaccine
Poultry Vaccine
Porcine Vaccine
Other Livestock Vaccines
By Technology
Live Attenuated Vaccine
Inactivated Vaccine
Toxoid Vaccine
Recombinant Vaccine
Other Technologies
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Livestock Vaccines Market Size Summary

The livestock vaccines market is poised for significant growth over the forecast period, driven by increasing demand for livestock products globally, particularly in emerging regions such as Asia Pacific and Latin America. This demand is fueled by population growth, urbanization, and economic development in these areas. The market is also supported by the rising focus on animal health and preventive healthcare measures, prompted by repeated outbreaks of diseases in livestock. The COVID-19 pandemic has had a temporary negative impact on the market due to supply chain disruptions and reduced veterinary visits, but it has also spurred innovation and development of vaccines for animal health, including those targeting COVID-19 infections in animals. Government initiatives and funding, such as the establishment of vaccine manufacturing centers, further bolster the market's expansion.

North America is expected to see robust growth in the livestock vaccines market, supported by advancements in vaccine development and a well-structured healthcare system that encourages research and development. The presence of global market players in the region enhances competition and drives innovation. The market is characterized by a competitive landscape with major players like Elanco, Boehringer Ingelheim, Zoetis, Merck, and Ceva Santé Animale leading the charge. These companies are actively engaging in strategies such as mergers, acquisitions, and new product launches to maintain their market share and diversify their offerings. Despite challenges like high storage costs and a shortage of skilled veterinarians, the market is expected to grow, driven by the increasing need for preventive vaccines to mitigate economic losses from livestock diseases.

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Global Livestock Vaccines Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidences of Zoonotic Diseases

      2. 1.2.2 Initiatives Taken by Various Government Agencies, Animal Associations, and Leading Players

      3. 1.2.3 Widened Focus on Food Safety

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Veterinarians and Shortage of Skilled Farm Workers

      2. 1.3.2 High Storage Costs for Vaccines

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product Type

      1. 2.1.1 Bovine Vaccine

      2. 2.1.2 Poultry Vaccine

      3. 2.1.3 Porcine Vaccine

      4. 2.1.4 Other Livestock Vaccines

    2. 2.2 By Technology

      1. 2.2.1 Live Attenuated Vaccine

      2. 2.2.2 Inactivated Vaccine

      3. 2.2.3 Toxoid Vaccine

      4. 2.2.4 Recombinant Vaccine

      5. 2.2.5 Other Technologies

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle-East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Livestock Vaccines Market Size FAQs

The Global Livestock Vaccines Market size is expected to reach USD 5.88 billion in 2024 and grow at a CAGR of 4.21% to reach USD 7.23 billion by 2029.

In 2024, the Global Livestock Vaccines Market size is expected to reach USD 5.88 billion.

Livestock Vaccines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)