Global Cattle Vaccines Market Size By Vaccine Type, By Distribution Channel, By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Cattle Vaccines Market Size By Vaccine Type, By Distribution Channel, By Geographic Scope And Forecast
Cattle Vaccines Market Size And Forecast
Cattle Vaccines Market size was valued at USD 13.07 Billion in 2023 and is projected to reach USD 21.33 Billion by 2031, growing at a CAGR of 6.32% during the forecast period 2024-2031.
Global Cattle Vaccines Market Drivers
The market drivers for the Cattle Vaccines Market can be influenced by various factors. These may include
- Growing Rate Of Diseases In Cattle Effective vaccines are in high demand in order to protect cattle from infectious diseases such as brucellosis, foot-and-mouth disease, and viral diarrhoea in cows.
- Growing Requirement For Animal-Based ProteinThe growing number of people on the planet has increased demand for dairy and meat products, which calls for robust herds of cattle. In order to prevent disease outbreaks and maintain constant production, this demand drives the need for vaccines.
- Technological Developments In Vaccines The creation of more potent and effective vaccinations, particularly those that provide extended immunity and broad-spectrum protection, has been facilitated by advancements in immunology and biotechnology. These developments support market expansion.
- Governmental Proposals And Assistance Worldwide, a large number of governments carry out immunisation campaigns and offer financial assistance or subsidies for veterinary services, which includes vaccinations for cattle. These programmes aid in the prevention of livestock illnesses and promote market expansion.
- Raising Preventive Healthcare Awareness And Adoption Vaccination rates are rising as a result of farmers and livestock owners’ growing awareness of the advantages of preventive care for cattle. This is largely due to the education and outreach initiatives that veterinary businesses and organisations run.
- Growth Of The Meat And Dairy Industries The need for cow vaccinations is driven by the expansion of the meat and dairy industries, particularly in emerging economies. The necessity of keeping sizable, healthy herds grows as these sectors develop.
- Livestock Diseases’ Effects On The Economy Cattle disease outbreaks can have serious economic repercussions, such as reduced production, trade restrictions, and animal losses. Vaccination is a reasonably priced way to reduce these dangers, which is fueling demand.
- Creation Of Novel And Better Vaccines New vaccinations with improved protection, fewer side effects, and simpler administration are introduced as a result of ongoing research and development efforts, which has a favourable effect on market expansion.
- Standards And Regulations Vaccine usage is encouraged by strict laws and guidelines pertaining to the health and safety of animals. Adherence to these standards is crucial for the commerce and export of livestock, hence promoting the implementation of vaccination campaigns.
- Growing The Population Of Livestock The number of animals worldwide is increasing, especially in emerging nations where raising cattle is a major source of income. More vaccinations are required to prevent and manage diseases in a greater population of cattle.
Global Cattle Vaccines Market Restraints
Several factors can act as restraints or challenges for the Cattle Vaccines Market. These may include
- Regulatory Obstacles Extensive rules and protracted licencing procedures may impede the launch of novel vaccines or the growth of already approved ones. Market entry is made more difficult by regional and national regulatory restrictions that differ.
- High Research And Development Costs Conducting clinical trials and adhering to regulations are just two of the many R&D expenses involved in developing vaccinations for cattle. These exorbitant expenses might deter funding for the creation of new vaccines.
- Limited Knowledge And Education The expansion of the market may be hampered by cattle farmers’ ignorance of the value of vaccination and the accessibility of vaccinations. It could be necessary to run educational efforts to encourage vaccination habits.
- Infrastructure Challenges In certain areas, the availability of vaccinations may be restricted due to insufficient infrastructure for the delivery, administration, and storage of vaccines. Inadequate transportation and storage infrastructure may impede the successful distribution of vaccinations to isolated regions.
- Resistance To Change Cattle farmers’ reluctance to embrace new technology or vaccination procedures may obstruct the expansion of the market. Market expansion may be hampered by conventional disease control strategies or doubts about the effectiveness of vaccines.
- Economic Constraints The uptake of vaccines may be hampered by economic issues, particularly in poor nations, such as vaccine prices that fluctuate, farmers’ limited financial resources, and cost-effectiveness concerns.
- Disease Outbreaks When new or reemerging diseases affect cattle populations, it can lead to uncertainty and alter the dynamics of the market. Unexpected epidemics may also put a burden on the availability of vaccines and cause brief shortages.
- Competition From Alternative Solutions In some circumstances, vaccinations may face competition from alternative disease management strategies like antibiotics, biosecurity precautions, or genetic selection for disease resistance, which could have an impact on market demand.
- Ethical And Environmental Worries Citing worries about animal welfare or the environment, several consumers and advocacy groups voice their objections to the use of vaccines in animal agriculture. The demand for cow vaccines on the market is influenced by public perception.
- Global Health Challenges The market for cow vaccines may be indirectly impacted by global health emergencies like pandemics or transboundary illnesses. The availability and demand for vaccines may be impacted by changes in government priorities, trade restrictions, and supply chain interruptions.
Global Cattle Vaccines Market Segmentation Analysis
The Global Cattle Vaccines Market is Segmented on the basis of Vaccine Type, Distribution Channel, And Geography.
Cattle Vaccines Market, By Vaccine Type
- Bovine Viral Diarrhoea (BVD) Vaccine This vaccine protects cattle from Bovine Viral Diarrhoea, a common and economically significant disease that can cause respiratory illness, diarrhea, and reduced fertility in cattle.
- Foot-and-Mouth Disease (FMD) Vaccine This vaccine protects cattle from FMD, a highly contagious viral disease that affects cattle, sheep, pigs, and other cloven-footed animals.
- Blackleg Vaccine This vaccine protects cattle from blackleg, a bacterial disease that causes swelling, fever, and death in young cattle.
- IBR (Infectious Bovine Rhinotracheitis) Vaccine This vaccine protects cattle from IBR, a respiratory disease that can cause fever, coughing, and pneumonia.
- PI3 (Parainfluenza Type 3) Vaccine This vaccine protects cattle from PI3, a respiratory disease that can cause fever, coughing, and pneumonia, often in conjunction with IBR.
- BRSV (Bovine Respiratory Syncytial Virus) Vaccine This vaccine protects cattle from BRSV, a respiratory disease that can cause fever, coughing, and pneumonia, often in conjunction with IBR and PI3.
- Manheimia Haemolytica Vaccine This vaccine protects cattle from a bacterial infection that can cause pneumonia, often referred to as “shipping fever.”
- Pasteurella Multocida Vaccine This vaccine protects cattle from a bacterial infection that can cause pneumonia, often referred to as “shipping fever.”
Cattle Vaccines Market, By Distribution Channel
- Veterinary Clinics Veterinary clinics are the most common channel for cattle vaccines. Veterinarians can advise farmers on which vaccines are necessary for their herds and administer the vaccines themselves.
- Animal Health Distributors Animal health distributors sell vaccines and other animal health products to veterinarians, farmers, and other retailers.
- Direct Sales Some vaccine manufacturers sell their products directly to farmers.
Cattle Vaccines Market, By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the Cattle Vaccines Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Cattle Vaccines Market are
- CAHIC
- Merck & Co. Inc.
- Boehringer Ingelheim
- Zoetis Services LLC
- Ceva
- Pfizer Inc
- Bayer AG
- Virbac
- Neogen Corporation
- ImmuCell Corporation
- among others
- Elanco
Report Scope
Report Attributes | Details |
---|---|
STUDY PERIOD | 2020-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | CAHIC, Merck & Co. Inc., Boehringer Ingelheim, Zoetis Services LLC, Ceva, Bayer AG, Virbac, Neogen Corporation |
SEGMENTS COVERED | By Vaccine Type, By Distribution Channel, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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