Canada Animal Vaccines Market Size & Outlook, 2022-2030
Canada animal vaccines market, 2018-2030 (US$M)
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Canada animal vaccines market highlights
- The Canada animal vaccines market generated a revenue of USD 952.4 million in 2022 and is expected to reach USD 1,912.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.1% 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.
Animal vaccines market data book summary
| Market revenue in 2022 | USD 952.4 million |
| Market revenue in 2030 | USD 1,912.2 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Attenuated live vaccines |
| Fastest growing segment | DNA Vaccines |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 7.4% of the global animal vaccines market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. animal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,912.2 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 37.81% in 2022. Horizon Databook has segmented the Canada 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.
Growing pet ownership and high number of pet parents & individuals that treat their pets as family members have boosted the product demand in the country. Hence, approximately 37% of the country’s households have at least one cat and 41% contain at least one dog. The country’s consumer preferences have shifted toward chicken, mainly owing to increase in health awareness and perception that chicken is leaner and healthier than other meats.
Total chicken consumption in Canada has tripled over the last 35 years. Canada is one of the major exporters of livestock and red meat across the world. In 2019, the country’s beef sector exported USD 3.1 billion (409,967 tons) of beef, accounting for 41% of local production. Thus, growing production of animal products is contributing to the market growth.
The Canadian Veterinary Medical Association (CVMA) organizes Animal Health Week, a national public awareness campaign annually across Canada. In 2020, from 4th October to 10th October, CVMA conducted the campaign with the theme of “Understanding Zoonotic Diseases: Community Health — Animals and You.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada animal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Canada animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada animal vaccines market size, by product, 2018-2030 (US$M)
Canada Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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