From GlobeNewswire: 2025-05-05 08:37:00

The global veterinary vaccines market is experiencing significant growth due to increasing pet ownership, a growing companion animal population, and rising awareness of animal health. The market is expected to reach US$ 13.66 billion by 2031, recording a CAGR of 6.0% during the forecast period.

The veterinary vaccines market study focuses on market trends, key players, and future opportunities. The market is segmented by technology, animal type, route of administration, end user, and geography. North America currently holds the largest market share, with Asia Pacific expected to be the fastest-growing market.

Rising pet ownership and companion animal populations are driving the growth of the veterinary vaccines market. The percentage of US households owning pets increased from 67% in 2019 to 70% in 2022. Initiatives by organizations like the World Health Organization to vaccinate dogs against zoonoses like rabies further promote vaccine acceptance.

Manufacturers are expanding their manufacturing facilities to meet the growing demand for veterinary vaccines. Zoetis, for example, acquired a manufacturing site in Melbourne to enhance its production capacity for vaccines for multiple animal species. Local manufacturing hubs help meet global demand and reduce production costs.

Key players in the veterinary vaccines market include Boehringer Ingelheim, Zoetis, Merck & Co., and Virbac. Trending topics in the market include the use of cutting-edge technologies like mRNA in veterinary vaccines and the future of livestock vaccination programs using AI and IoT.

Ceva Animal Health and Neogen have made significant investments in new facilities to expand their vaccine manufacturing capacity. Boehringer Ingelheim recently acquired Saiba Animal Health to enhance its pet therapeutics R&D portfolio.

The Asia-Pacific market is expected to be the largest-growing market for veterinary vaccines due to increasing companion animal populations and the need for livestock vaccines. Despite challenges like a lack of veterinary experts and strict regulatory guidelines, the market is projected to witness growth driven by technological advancements and increased awareness of animal health.



Read more at GlobeNewswire: Veterinary Vaccines Market Size to Surpass USD 13.67