December 6, 2024
Poultry Vaccine Market

Poultry Vaccine Market Propelled by Increasing Disease Prevalence

Poultry vaccines help protect chickens, ducks, turkeys, and other birds against various viral and bacterial diseases. They shield livestock from infectious diseases that may otherwise kill the flock or significantly reduce egg or meat production. The Global Poultry Vaccine Market Size is estimated to be valued at US$ 7.8 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing disease prevalence has been a major driver for the poultry vaccine market. Several viruses and bacteria pose a significant health threat to commercial poultry populations worldwide. Notable diseases include avian influenza, Newcastle disease, infectious bronchitis, Salmonellosis, and Marek’s disease. According to the UN Food and Agriculture Organization (FAO), outbreaks of highly pathogenic avian influenza increased nearly four-fold between 2016 and 2020. The growing risk of epidemics has prompted heightened vaccination among farmers to safeguard their flocks. Moreover, evolving disease patterns necessitate continual vaccine innovation, benefiting market players. These factors, coupled with robust demand from Asia Pacific and Latin America, are expected to sustain high growth of the poultry vaccine market over the forecast period.

SWOT Analysis

Strength: Poultry vaccines help prevent disease outbreaks and promote animal welfare in poultry farms. They provide protection to flocks and support sustainable production.
Weakness: High costs associated with vaccine development, testing and registration. Short shelf life and cold chain requirements make distribution and storage challenging.
Opportunity: Growing demand for animal protein and rising meat consumption presents growth opportunities. Emerging markets offer potential for market expansion.
Threats: Threat from other infectious diseases. Competition from alternative preventive measures and strict regulations.

Key Takeaways

The global poultry vaccine market is expected to witness high growth.

Regional analysis: The Asia Pacific region currently dominates the market due to large poultry industry and rising meat consumption in countries like China and India. North America and Europe are also major markets supported by well-established poultry sector.

Key players operating in the poultry vaccine market are Merck & Co., Boehringer Ingelheim GmbH, Ceva Animal Health LLC, Zoetis, Biovac, Intervet Inc. (Merck Animal Health), Anicon Labor GmbH and Phibro Animal Health Corporation. They offer diverse vaccines for prevention of important poultry diseases.

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

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

Ravina Pandya

Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

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