Europe Veterinary Vaccine Market Size Set to Reach USD 4.5 Billion by 2029

Published | 21 August 2023

Europe veterinary vaccine market is flourishing due to increasing pet ownership, rising awareness about animal health, a growing demand for livestock products, and government initiatives to control and prevent animal diseases.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe veterinary vaccine market size at USD 3,208.92 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe veterinary vaccine market size to grow at a CAGR of 5.71% reaching a value of USD 4,477.33 million by 2029. The European veterinary vaccination industry is expanding rapidly. Increasing awareness about animal health and illness prevention is driving the demand for vaccines. Vaccine manufacturers are always developing to create more effective and safer vaccines. Government actions and laws are helping to expand the market by encouraging vaccine research and development. A burgeoning pet population and the need to protect animals from disease are driving the market. Vaccination programs are being implemented in veterinary clinics and animal husbandry establishments. Overall, the Europe veterinary vaccine industry has a bright future, with consistent breakthroughs in animal healthcare and illness prevention.

Europe Veterinary Vaccine Market – Overview

Veterinary vaccines are essential tools in safeguarding the health and well-being of animals. These vaccines are specifically designed to prevent or reduce the incidence of various infectious diseases in animals, ranging from livestock, such as cattle, pigs, and poultry, to domestic pets like dogs and cats. By stimulating the animal's immune system, vaccines create a protective response against harmful pathogens, such as viruses and bacteria, thereby preventing disease transmission. Regular vaccination not only promotes animal welfare but also contributes to public health by reducing zoonotic disease risks. Veterinary vaccines play a pivotal role in maintaining the health of animal populations and supporting sustainable agricultural practices.

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Impact of COVID-19 on Europe Veterinary Vaccine Market

The COVID-19 pandemic significantly impacted the Europe veterinary vaccine market, driving accelerated growth. As lockdowns were imposed, people spent more time at home, resulting in increased pet adoption rates and heightened awareness of animal health. Veterinarians reported a surge in demand for vaccines to protect companion animals. With disruptions in food supply chains, farmers sought to safeguard livestock health, leading to a rise in demand for livestock vaccines. The pandemic also prompted governments and private sector investment in vaccine research and development. These factors combined to propel the Europe veterinary vaccine market to new heights amid the crisis.

Europe Veterinary Vaccine Market – By Animal Type

By animal type, Europe veterinary vaccine market is split into Livestock and Companion segments. The livestock segment is further divided into Poultry, Aqua, Ruminants, and Swine subsegments. The companion segment is also sub-segmented into Canine and Feline. The livestock segment represents the vaccination needs for various farm animals, contributing significantly to the overall market. The companion segment, on the other hand, includes Canine and Feline sub-segments, catering to vaccination requirements for domestic pets. However, it is the livestock segment that holds a larger share, reflecting the importance of safeguarding and maintaining the health of livestock animals in the European veterinary vaccine market.

Competitive Landscape

Europe veterinary vaccine market is fiercely competitive. Major companies in the market include Zoetis, Ceva Santé Animale, Merck & Co., Inc., Vetoquinol S.A., Boehringer Ingelheim Gmbh, Elanco, Virbac, Heska, and Dechra Pharmaceuticals Plc. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe veterinary vaccine market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Veterinary Vaccine Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Veterinary Vaccine Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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