Mexico Animal Vaccines Market Size & Outlook, 2022-2030
Mexico animal vaccines market, 2018-2030 (US$M)
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Mexico animal vaccines market highlights
- The Mexico animal vaccines market generated a revenue of USD 365.4 million in 2022 and is expected to reach USD 785.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10% 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 365.4 million |
| Market revenue in 2030 | USD 785.9 million |
| Growth rate | 10% (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, Mexico accounted for 2.8% 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 Latin America, Brazil animal vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 785.9 million by 2030.
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Animal Vaccines Market Scope
Animal Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 37.58% in 2022. Horizon Databook has segmented the Mexico 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.
The shifting economic and social state in the country is the most significant driver of market growth in Mexico. In addition, rapidly aging population and shrinking household size are responsible for the rise in pet food sales in the country.
According to National Institute of Statistics and Geography (INEGI), 70% of the country’s households have at least one pet. This is contributing to the market growth. Growing cattle, pig, and poultry sectors in the country is propelling the demand for animal vaccines. In Mexico, poultry is the most established industry driven by high demand for poultry meat and eggs.
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Target buyers of Mexico 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 country-level data and insights on the Mexico animal vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Mexico animal vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico animal vaccines market size, by product, 2018-2030 (US$M)
Mexico Animal Vaccines Market Outlook Share, 2022 & 2030 (US$M)
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