Press Release

Ruminant Vaccines Market to Grow with a CAGR of 5.25% through 2028

Increasing global population and food demand and expanding veterinary care and awareness are factors driving the Global Ruminant Vaccines Market in the forecast period 2024-2028.

According to TechSci Research report, “Ruminant Vaccines Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Ruminant Vaccines Market stood at USD 3.32 Billion in 2022 and is anticipated to grow with a CAGR of 5.25% in the forecast period, 2024-2028. The global ruminant vaccines market is experiencing substantial growth, driven by several key factors that are reshaping the dynamics of this industry. Ruminants, which include cattle, sheep, goats, and other related animals, are integral to the global agriculture sector. As the demand for livestock products continues to rise, the importance of maintaining healthy ruminant populations cannot be overstated. One of the primary drivers of the global ruminant vaccines market is the ever-growing global population. As more people inhabit the planet, the demand for protein-rich animal products, such as beef, milk, and lamb, continues to rise. Ruminants play a crucial role in meeting this demand, making their health and productivity a priority. Vaccines are essential tools in preventing and controlling diseases in these animals, ensuring a steady supply of safe and high-quality food.

 

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The international trade of livestock and livestock products has surged in recent years. Export and import of ruminants are commonplace, driven by factors like the globalization of food supply chains, changing consumer preferences, and economic growth. With the increase in livestock trade, the need for disease prevention and control becomes more critical, making ruminant vaccines indispensable to global livestock health and trade. There has been a notable increase in awareness and concern for animal welfare, health, and disease prevention. This growing awareness is fostering the development of a more organized and sophisticated veterinary care system, which includes vaccination programs for ruminants. Veterinary professionals, livestock farmers, and governments are recognizing the significance of vaccines in maintaining animal health and welfare, and are investing in their use and development.

Many governments worldwide are actively promoting livestock health and welfare through regulatory measures and support for vaccination programs. These initiatives include subsidies, incentives, and guidelines to encourage ruminant vaccination. In some cases, governments have implemented strict regulations to ensure the health and safety of ruminant populations, boosting the market for ruminant vaccines. Zoonotic diseases, which can be transmitted from animals to humans, have become a major global concern. The emergence of zoonotic diseases has heightened the importance of controlling diseases in ruminants to prevent spillover to humans. Vaccination is a crucial component of zoonotic disease control, and this drives the demand for ruminant vaccines.

The Global Ruminant Vaccines Market is segmented into animal type, vaccine type, vaccine indication, route of administration and company.

Based on route of administration, the injectable segment has emerged as the predominant market leader. Injectable vaccines offer precise dosing, ensuring that animals receive the correct amount of the vaccine. This accuracy is crucial in maintaining the vaccine's effectiveness and preventing potential overdosing or underdosing. Injectable vaccines are known for their ability to confer long-lasting immunity. This is particularly important in the case of ruminants, as they often have longer lifespans than other livestock animals. A single injection can provide protection for an extended period, reducing the need for frequent booster shots. While administering vaccines, especially in large herds, can be a time-consuming task, injectable vaccines offer relative ease of administration. This is crucial for efficient vaccination campaigns and reducing labor costs for farmers.

Based on region, North America segment is expected to grow during the forecast period North America has been at the forefront of adopting cutting-edge technologies in vaccine production and delivery. Modern manufacturing techniques and advanced delivery systems enhance the efficacy of ruminant vaccines while ensuring safety and convenience for both animals and operators. The United States and Canada have well-established regulatory frameworks for animal vaccines. This ensures that vaccines are rigorously tested for safety and efficacy, instilling confidence in the products among farmers and ranchers.

The Asia Pacific region is experiencing rapid market growth. The region's governments and industry stakeholders are proactive in monitoring and controlling livestock diseases. This preparedness and quick response to potential epidemics have created a sense of stability and confidence in the industry.

Major companies operating in Global Ruminant Vaccines Market are:

  • Boehringer Ingelheim International GmbH
  • Zoetis Services LLC
  • Vaxxinova International BV
  • Merck & Co., Inc.
  • Bimeda Animal Health Ltd.
  • Indian Immunologicals Ltd.
  • Elanco Animal Health Incorporated
  • Virbac
  • Ceva Santé Animale
  • CZ Vaccines S.A.U. (Zendal Group)

 

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“The global ruminant vaccines market is propelled by a combination of factors, including the growing global population, the expansion of livestock trade, increasing awareness of animal health, government support and regulations, zoonotic threats, technological advancements, and the impact of climate change on disease spread. These market drivers underscore the critical role of ruminant vaccines in ensuring the health and productivity of these vital livestock populations, which, in turn, plays a crucial role in meeting the world's growing demand for high-quality animal products.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Ruminant Vaccines Market By Animal Type (Cattle, Sheep & Goats), By Vaccine Type (Modified/ Attenuated Live, Inactivated (Killed), Others), By Vaccines Indication (BVD Infection, Bovine Respiratory Diseases (BRD), Leptospirosis, Clostridial diseases, Diarrhea/ Scours, FMD, Others), By Route of Administration (Injectable, Intranasal), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Ruminant Vaccines Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ruminant Vaccines Market.

 

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