May 28, 2024
Poultry Vaccine Market

Poultry Vaccine Market Is Expected To Be Flourished By The Growing Demand For Poultry Meat And Egg Consumption

Poultry vaccines are biological therapeutics that are used for immunizing poultry birds, including chickens, ducks, turkeys, and geese against various infectious diseases. Chicken vaccines help to control infection in chicken flocks by training their immune system to identify and combat infectious bacteria and viruses. The global poultry industry is growing due to the increasing demand for chicken meat and eggs worldwide. Chicken meat is one of the most affordable sources of protein, and chicken egg is a staple food item in many countries. As a result, many farmers are expanding their poultry businesses and operations to meet the rising demand from consumers. However, housing large flocks also increases the risk of disease outbreaks in poultry farms. Vaccines play a vital role in keeping poultry flocks healthy and productive.

The global poultry vaccine market is estimated to be valued at US$ 5.2 billion in 2023 and is expected to exhibit a CAGR of 13%  over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The growing demand for poultry meat and eggs is a key driver boosting the poultry vaccine market growth. As poultry farming expands globally to meet consumer demand, preventing diseases outbreaks in large flocks becomes increasingly important. Vaccination programs help farmers safeguard the health of their poultry birds and ensure higher quality meat and egg production. Another driver fueling the market is stringent regulations regarding food safety. Regulatory authorities across countries have established mandatory vaccination protocols for common poultry diseases. This is aimed at controlling the spread of infection during transportation and transactions within the industry. Government support for vaccination drives through subsidies and awareness campaigns also promote the uptake of poultry vaccines. Technological advancements are leading to development of novel vaccine types such as recombinant vaccines and DNA vaccines with increased immunogenicity and efficacy.

Segment Analysis

The Poultry Vaccine Market Growth is dominated by the broiler sub segment. Broiler chickens account for over 70% of commercial poultry production worldwide, and are the preferred choice of meat consumption globally. With broiler meat being in high demand, the broiler sub segment is projected to remain the largest and fastest growing in the poultry vaccine market over the forecast period.

PEST Analysis

Political: Governments across many countries are supporting the poultry industry through funding for R&D and vaccine development. This is expected to boost adoption of advanced vaccines.
Economic: Rising disposposable incomes and growing demand for animal protein have led to expansion of the commercial poultry industry globally. This is anticipated to drive vaccine usage.
Social: People are increasingly preferring poultry meat over red meat due to health and dietary preferences. This will augment production volumes and vaccination coverage.
Technological: Continuous innovations are assisting in development of thermo-stable and multi-disease vaccines. Adoption of advanced biotechnology solutions is further improving production efficiency.

Key Takeaways

The global poultry vaccine market is expected to witness high growth over the forecast period driven by rapid expansion of the broiler industry.

Regional analysis: The Asia Pacific region accounts for over 50% of the global poultry vaccine market share. China and India are the largest broiler producers globally and have high vaccination rates. Growing meat demand from rising affluent populations is additionally surging vaccine sales. North America and Europe are other major markets driven by advanced poultry industries and stringent biosecurity regulations.

Key players operating in the poultry vaccine market are Merck & Co., Zoetis, Ceva Animal Health, Phibro Animal Health Corporation and Venky’s India Ltd.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it