Poultry vaccines are biological preparations administered to chicken and poultry animals in order to provide protection against viral and bacterial infectious diseases. The different types of poultry vaccines available in the market include infectious bursal disease vaccine, Newcastle disease vaccine, avian influenza vaccine, and others. These vaccines help prevent substantial economic losses arising due to high mortality and morbidity rates caused by microbial infections in poultry flocks.
The global poultry vaccine market is estimated to be valued at US$ 6.5 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Increasing adoption rates for poultry vaccines can be attributed to growing concerns arising from outbreaks of highly pathogenic avian influenza viruses across the world. Governments of many countries have mandated the use of avian influenza vaccines for commercial poultry flocks. Moreover, the increasing demand for poultry meat and eggs along with growing awareness regarding economic and public health impacts of uncontrolled bird flu outbreaks has also been driving uptake of poultry vaccines globally. Continuous advances in vaccine technologies along with new product launches catering to emerging viral serotypes are further supporting growth of the market.
Segment Analysis
The global poultry vaccine market is dominated by inactivated vaccines sub segment. This is because inactivated vaccines provide lifelong immunity against diseases and have minimal side effects. Live attenuated vaccines sub segment hold the second largest share due to their ability to induce high level of immunity in chickens.
Key Takeaways
The global Poultry Vaccine Market Growth is expected to witness high growth.
Regional analysis: Asia Pacific region is projected to be the fastest growing market for poultry vaccines during the forecast period. This is attributed to rising poultry meat consumption in developing countries such as India and China. North America holds the major share in the global poultry vaccines market owing to high demand for poultry meat and eggs in the United States.
Key players operating in the poultry vaccine market are Merck & Co. Inc., Boehringer Ingelheim International GmbH, Zoetis, Ceva, Phibro Animal Health Corporation, Elanco, Phibro Animal Health Corporation, Venky's India, Biovet Private Limited, Anicon GmbH.
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