Poultry Vaccine Market Size, Scope 2022-2028
The global poultry vaccine market size was valued at USD 2199.8 billion in 2021 and is poised to grow at a significant CAGR of 5.8% during the forecast period 2022-28. The disease outbreaks in poultry drive the poultry vaccine market. The disease outbreaks in poultry drive the poultry vaccine market. Moreover, because contaminated meat poses a health risk to humans, it is critical that the birds be vaccinated before use. The main challenges that chicken farms confront are illness spread and a lack of treatment alternatives. Vaccination becomes mandatory to avoid such occurrences. Increased demand for poultry production and disease outbreaks in poultry are the key factors boosting the growth of the poultry vaccine market. Increased population, increased purchasing power, and urbanization has been significant growth drivers. Furthermore, growing consumption of meat globally, initiatives are taken by the government, and increasing demand for poultry-related food products are the major factors driving the market's growth. The increasing cost of the vaccine, increasing acceptance of vegetarian food, and decreasing the production of advanced vaccines are the factors that are hindering the global market.
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Attenuated Live Vaccines Segment Dominates the Poultry Vaccine Market
The attenuated live vaccines sector generated the most revenue in 2021. The growth of this segment is being driven by live attenuated vaccines, which produce a robust, strong antibody and cell-mediated immune response, long-lasting immunity, and a relatively quick onset of action. Moreover, attenuated live vaccines are an excellent simulation for the immune system. So live attenuated vaccines can result in lifelong immunity with just one or two doses.
The global poultry vaccine market segmentation
- By Vaccine: Inactivated Vaccines, Live Attenuated Vaccines, and Others
- By Application: Marek’s Disease, Newcastle Disease, Infectious Bursal Disease, Infectious Bronchitis, Avian Influenza, Coccidiosis, Mycoplasma, and Others
North America Leads Poultry Vaccine Market
Due to increased demand for poultry food, nutritious chicken food, and government requirements for the safety of poultry birds, North America poultry vaccine is expected to have a large market share in the global market in the next years. In addition, due to the presence of prominent players, increased measures against the use of antimicrobials in animals, and rising worries about zoonoses, Europe accounted for a large revenue share in the global poultry vaccine market over the anticipated years.
Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players
Global poultry vaccine market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,
In August 2021, Elanco Animal Health Incorporated announced it has closed the acquisition of Bayer Animal Health. The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry.
In November 2021, Hester Biosciences announced it has entered a pact to acquire 50 per cent stake in Tanzania-based animal health products distribution firm Thrishool Exim Ltd, for USD 2.25 million (around Rs 16 crore)
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Key player’s profiles in the poultry vaccine market report are Merck & Co., Inc., Elanco, Boehringer Ingelheim International GmbH, Biovac., Zoetis, Hester Biosciences Limited, KM Biologics, and Phibro Animal Health Corporation.
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