The latest market report published by Credence Research, Inc. “Global Poultry Vaccines Market: Growth, Prospects, and Competitive Analysis, 2016 – 2030“. The global poultry vaccines market generated revenue of around USD 2.1 billion in 2022 and is anticipated to grow a CAGR of over 7.30% during the forecast period from 2018 to 2030 to reach around USD 3.4 billion in 2030.
The incidence of zoonotic diseases is predicted to increase globally, driving market expansion. Increased government initiatives and public knowledge of poultry vaccinations also contribute to the market’s growth. The market can also rise due to the swiftly increasing poultry population. Market participants have a huge potential due to rising consumer demand for chicken-based foods and poultry vaccinations, which is also expected to drive the industry’s lucrative growth. However, certain obstacles could limit the market’s expansion, including the high price of poultry vaccinations, a lack of knowledge about poultry vaccines, and the high cost of veterinary services in emerging and underdeveloped areas.
The global poultry vaccines market is bifurcated into the application, product, disease type, and geography. Based on application, the poultry vaccines market is categorized into broiler, layer and breeder. Based on product, the global poultry vaccines market is segmented into attenuated live vaccines, broiler, lay vaccines, subunit vaccines, DNA vaccines and recombinant vaccines. Based on disease type, the market is categorized into infectious bronchitis, infectious bursal diseases, infectious laryngotracheitis, egg drop syndrome, adenovirus, duck viral enteritis, inclusion body hepatitis, coccidiosis, avian influenza, marek’s disease, newcastle disease, salmonella, avian encephalomyelitis and fowl cholera. Based on geography, the poultry vaccines market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
In 2022, North America was expected to occupy the largest poultry vaccines market share in revenue and sales due to several factors, such as an increase in the use of chicken-based goods, better consumer understanding of food safety, and an increase in the occurrence of zoonotic diseases connected to poultry. The increase in zoonotic diseases linked to poultry, increased egg production, rising consumer concern over food safety, rising consumption of products derived from poultry, and increased vaccine development, including the development of live gene-deleted vaccines, non-replicating recombinant antigen vaccines, live vector vaccines, and nucleic acid-mediated vaccines, are all factors that have contributed to the region’s population growth.
Zoetis is one of the leading companies in the poultry vaccines market. The company offers a wide range of poultry vaccines for various diseases such as Newcastle disease, infectious bursal disease, Marek’s disease, and avian influenza. Zoetis has a strong presence in North America and Europe.
Merck & Co., Inc. is another leading player in the poultry vaccines market. The company offers a wide range of poultry vaccines against various diseases such as Newcastle disease, infectious bursal disease, Marek’s disease, and avian influenza. Merck has a strong presence in North America and Europe.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global poultry vaccines by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global poultry vaccines segmentation based on application, product, disease type, and regional integration.
- The global poultry vaccines report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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