Asia Pacific Animal Vaccines Market Size & Outlook
Asia Pacific animal vaccines market, 2018-2030 (US$M)
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Asia Pacific animal vaccines market highlights
- The Asia Pacific animal vaccines market generated a revenue of USD 2,888.9 million in 2022.
- The market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- In terms of segment, attenuated live vaccines was the largest revenue generating product in 2022.
- DNA Vaccines is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,888.9 million |
| Market revenue in 2030 | USD 6,412.0 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Attenuated live vaccines |
| Fastest growing segment | DNA Vaccines |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Attenuated Live Vaccines, Inactivated Vaccines, Subunit Vaccines, DNA Vaccines, Recombinant Vaccines |
| Key market players worldwide | Zoetis, Ceva Santé Animale, Merck & Co Inc, Vetoquinol SA, Boehringer Ingelheim, Elanco Animal Health Inc, Virbac SA, Veterinary Pharmaceutical Solutions, Dechra Pharmaceuticals, IDEXX Laboratories Inc, Norbrook |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.5% of the global animal vaccines market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,412.0 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific animal vaccines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal vaccines market will help companies and investors design strategic landscapes.
Attenuated live vaccines was the largest segment with a revenue share of 37.65% in 2022. Horizon Databook has segmented the Asia Pacific animal vaccines market based on attenuated live vaccines, inactivated vaccines, subunit vaccines, dna vaccines, recombinant vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to exhibit the fastest growth rate during the forecast period. Increase in animal population and favorable government initiatives, especially in developing countries, are some of the key factors expected to boost the market growth in the region.
Since most of the nations are dependent on agricultural production and exports, there is large availability of poultry animals, thereby leading to significant growth. Furthermore, increased prevalence of zoonotic diseases coupled with growing awareness about livestock diseases are fueling the market growth in the region.
Asia Pacific is one of the most diverse regions in terms of changing food consumption preferences and economic growth, among others. Increased consumption of dairy products in Asia Pacific is playing a vital role in boosting the vaccine demand in the region.
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Target buyers of Asia Pacific animal vaccines market databook
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Our clientele includes a mix of animal vaccines market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific animal vaccines market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific animal vaccines market size, by country, 2018-2030 (US$M)
Asia Pacific Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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