The Foot And Mouth Disease Vaccine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Foot And Mouth Disease Vaccine Global Market Report 2024, The foot and mouth disease vaccine market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to development of multivalent vaccines, prevalence of foot and mouth disease, government initiatives for disease control, focus on food security, economic impact of fmd outbreaks, research and development investments.
The foot and mouth disease vaccine market size is expected to see strong growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to climate change impact on disease spread, emergence of new fmd strains, one health approach, digitalization of vaccine distribution, enhanced vaccine cold chain infrastructure, continuous improvement in vaccine safety, integration with precision livestock farming, international aid for vaccination programs.. Major trends in the forecast period include global fmd eradication initiatives, development of multivalent vaccines, public-private partnerships, diagnostics and surveillance technologies, biotechnological innovations, genomic surveillance, adoption of marker vaccines.
The growing livestock population is driving the foot and mouth disease vaccine market. Livestock is farm animals housed, reared, and utilized by humans, including cows, horses, and pigs. There is a rise in the livestock population because of an increase in demand for animal products. As livestock increases, there is a chance of the prevalence of foot and mouth disease that can lead to market growth. For instance, according to a report published by the US Department of Agriculture in 2022, India’s national herd of cattle increased from 1.2 million in 2021 to 306.7 million in 2022. Therefore, the growing livestock population will propel the foot and mouth disease vaccine market.
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The foot and mouth disease vaccine market covered in this report is segmented –
1) Foot And Mouth Disease Vaccine Market By Vaccine Type: Conventional Vaccines, Oil Based Vaccines, Aluminium Hydroxide/Saponin Based Vaccines, Emergency Vaccines
2) Foot And Mouth Disease Vaccine Market By Animal Type: Cattle, Pig, Sheep and Goat, Other Animals
3) Foot And Mouth Disease Vaccine Market By Distribution Channel: Government Organizations, Distributors/ Pharmacies, Private Vet, Other Distribution Channels
Top Major Players
Air Products and Chemicals Inc.
Nippon Sanso Holdings Corporation ials Inc.
The strategic partnership is a key trend in the foot-and-mouth disease vaccine market. The major player operating in the market is entering into a partnership to leverage each other’s resources and expand in a new market. For instance, in July 2022, Biogénesis Bagó, an Argentina-based biotech company specializing in foot-and-mouth disease vaccine, partnered with FVC to develop a cutting-edge FMD vaccine site in South Korea. The strategic partnership will give South Korea access to cutting-edge technologies that will enable it to supply its internal market with safe, top-notch FMD vaccines, develop more affordable solutions for local livestock producers, and help protect the country’s sanitary status. FVC is a South Korea-based information technology services provider.
The foot and mouth disease vaccine market report table of contents includes:
1. Executive Summary
2. Foot And Mouth Disease Vaccine Market Characteristics
3. Foot And Mouth Disease Vaccine Market Trends And Strategies
4. Foot And Mouth Disease Vaccine Market – Macro Economic Scenario
5. Global Foot And Mouth Disease Vaccine Market Size and Growth
……
31. Global Foot And Mouth Disease Vaccine Market Competitive Benchmarking
32. Global Foot And Mouth Disease Vaccine Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Foot And Mouth Disease Vaccine Market
34. Foot And Mouth Disease Vaccine Market Future Outlook and Potential Analysis
35. Appendix
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