Poultry Vaccine Market Overview, Size, Growth, Trends And Forecast 2023-2030
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Poultry Vaccine Market |
The
Poultry Vaccine Market refers to the
segment of the pharmaceutical industry that deals with the development,
production, and distribution of vaccines specifically designed to protect
poultry birds from various infectious diseases. Poultry vaccination plays a
critical role in maintaining the health and well-being of chickens, ducks,
turkeys, and other domesticated birds, which are susceptible to a wide range of
viral and bacterial infections. These diseases not only pose a significant
threat to the poultry industry's productivity and profitability but also have
the potential to affect human health through zoonotic transmission.
The
Poultry Vaccine Market has witnessed
significant growth in recent years due to the rising demand for poultry
products and the increasing awareness of the economic losses incurred by disease
outbreaks. Technological advancements in vaccine development have led to the
production of more effective and safer vaccines, further boosting market
growth. Additionally, stringent regulations imposed by governments and
international organizations to control disease outbreaks and ensure food safety
have driven the adoption of poultry vaccines across different regions.
The Poultry
Vaccine Market Was Valued At US$ 1,766.4 Million In 2022 And Is Anticipated
To Grow At A CAGR Of 7.92% From 2023 To 2030 To Reach US$ 3,240.2 Million Says
Coherent Market Insights.
As
the global population continues to grow, the demand for poultry products is
expected to rise, amplifying the need for efficient disease control measures
through vaccination. Factors such as increasing disposable income,
urbanization, and a shift towards protein-rich diets in emerging economies are
also contributing to the expansion of the Poultry
Vaccine Market. However, challenges related to vaccine accessibility,
storage, and distribution in remote areas, as well as concerns about the use of
antibiotics in poultry farming, remain pertinent issues that the industry
strives to address.
Competitive Landscape
Some
of the players in the global Poultry
Vaccine Market are Zoetis Inc., Merck & Co. Inc., Elanco, Ceva Santé
Animale, Boehringer Ingelheim, Biovac, Hester Biosciences Limited, Dechra
Pharmaceuticals PLC, Venky’s Limited, and Phibro Animal Health Corporation,
among others.
Poultry Vaccine Market Trends
Advancements in vaccine technology: The Poultry
Vaccine Market has witnessed advancements in vaccine development and
delivery methods. New technologies, such as recombinant vaccines and vector
vaccines, have shown promise in providing improved efficacy and protection
against multiple diseases. Additionally, advancements in vaccine administration
techniques have made vaccination processes more efficient.
Increasing demand for poultry
products: The global demand for
poultry products, such as chicken and eggs, has been steadily rising due to
population growth, changing dietary preferences, and urbanization. This growing
demand has put pressure on the poultry industry to enhance production and
biosecurity measures, including the use of vaccines to prevent disease
outbreaks.
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