India Animal Vaccine Market to Grow with a CAGR of 5.02% through 2029
Increasing animal husbandry and increasing incidence
of livestock diseases is expected to drive the India Animal Vaccine Market
growth in the forecast period, 2025-2029.
According to
TechSci Research report, “India Animal Vaccine Market -Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the India Animal
Vaccine Market stood at USD
235.52 Million in 2023 and is anticipated to grow with a CAGR of 5.02% in the
forecast period, 2025-2029. Several factors are contributing to the growth of
the Animal Vaccine Market in India. The increasing prevalence of various animal
diseases, coupled with the growing awareness about animal health among the
livestock and pet owners, is a significant driver.
Additionally,
government initiatives promoting veterinary care and a surge in investments in
research and development activities are further propelling the market growth.
The ongoing advancements in biotechnology are also enabling the creation of
more effective and safer animal vaccines, thus augmenting the market expansion.
India's animal
vaccine market is a rapidly expanding sector that holds immense potential for
growth. This growth is driven by multiple factors, including the increasing
awareness of animal health, a rise in the population of livestock, and the
support of government initiatives. In a country where livestock plays a vital
role in the economy, the health of animals holds paramount importance. It
directly impacts the livelihood of millions, especially in rural areas, where
agriculture and pastoral activities are the main sources of income. The market
for animal vaccines in India is primarily shaped by the demand for healthy
livestock, which contributes to food security by providing essential products
such as milk, meat, and eggs. Among the various segments in the market, poultry
has emerged as a significant sector due to its crucial role in the daily diet
and the susceptibility of poultry birds to various diseases. Additionally, the
market for vaccines for cattle is also substantial, considering the pivotal
role of the dairy sector in the Indian economy.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Animal Vaccine Market”
Recognizing the
economic and social importance of animal health, the Indian government has
launched several initiatives in recent years aimed at disease prevention in
animals. These initiatives include vaccination drives against common diseases
such as foot-and-mouth disease, brucellosis, and avian influenza. Such efforts
reflect the growing awareness of the significance of animal health. However,
despite its inherent potential, the Indian animal vaccine market faces various
challenges. The vast and diverse geography of the nation, coupled with issues
related to cold-chain maintenance and vaccine delivery, poses significant
hurdles. Furthermore, there is relatively low awareness about animal
vaccination among small-scale farmers, and cost factors can also hinder the
uptake of vaccines.
Nevertheless,
with the adoption of advanced technologies in vaccine development and
distribution, along with increasing awareness and supportive government
policies, the Indian animal vaccine market is poised for robust growth. There
is a growing emphasis on preventive healthcare for animals, which is likely to
fuel the market in the coming years. International players are also showing
keen interest in this market, recognizing the enormous potential of a country
that boasts one of the world's largest livestock populations.
While the
journey towards fully realizing the potential of India's animal vaccine market
may present challenges, the prospects are undeniably encouraging. This sector
is crucial not only for the well-being of animals but also for the
socio-economic development of a significant part of the country's population.
By addressing the challenges and leveraging the opportunities, India can establish
itself as a prominent player in the global animal vaccine market, ensuring the
health and prosperity of its animal population and the people who depend on
them.
The India Animal
Vaccine Market is segmented into animal type, technology, disease, route of
administration, distribution channel, regional distribution, and company.
Based on disease,
among the various diseases mentioned, one that is expected to continue
dominating the animal vaccine market in India is Foot and Mouth Disease (FMD).
FMD is a highly contagious and severe plague that affects cloven-hoofed
animals, such as cattle, pigs, and sheep. It poses a significant threat to the
livestock industry, causing substantial economic damage. With India's vast
population of livestock and the persistently high prevalence of FMD, the demand
for effective FMD vaccines is projected to remain consistently high. This
consistent demand solidifies the dominance of FMD vaccines in the Indian animal
vaccine market, as it plays a crucial role in mitigating the economic impact
and ensuring the health and well-being of the livestock population.
Based on region,
North India dominates the Indian animal vaccine market for several key reasons.
This region has a high concentration of livestock farming, with a diverse range
of animals including cattle, poultry, and goats. This contributes to a greater
demand for animal vaccines, as the need to protect these valuable assets from
diseases and infections is paramount. North India benefits from robust
infrastructure and well-established distribution networks. This ensures that
vaccines can be efficiently transported and reach even the most remote farms in
a timely manner. Farmers in remote areas can rely on the availability of
vaccines, thanks to the extensive reach of the distribution networks.
Furthermore, the
region's strong emphasis on animal health and disease prevention plays a
significant role in the dominance of North India in the animal vaccine market.
The government, along with various veterinary organizations and institutions,
actively promotes the importance of vaccinating livestock. This proactive
approach, combined with governmental support and initiatives, creates an
environment that is favorable to the growth and development of the animal
vaccine market. Overall, the combination of a high concentration of livestock
farming, robust infrastructure, and a strong emphasis on animal health makes
North India a powerhouse in the Indian animal vaccine market. The region's
commitment to protecting and preserving the well-being of its livestock
contributes to the overall success and growth of the industry.
Major companies
operating in India Animal Vaccine Market are:
- Zoetis,
Inc.
- Elanco India Pvt Ltd
- Merck Limited
- Ceva Animal Health India Pvt Ltd
- Biomed (India) Healthcare Pvt Ltd
- Globion India Private Limited
- Biovet Pvt Ltd
- Brilliant Bio Pharma Pvt Ltd
- Hester Biosciences Ltd
- Indovax Private Ltd
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“The future of
the Animal Vaccine Market in India shows promising growth potential. With the
rising awareness about animal health and increasing pet adoption, the demand
for animal vaccines is expected to witness a significant upsurge. This growth
can be attributed to the growing concern for preventing and controlling
diseases in animals, ensuring their well-being and improving overall animal
health. Furthermore, government
initiatives for livestock health, such as vaccination campaigns and awareness
programs, are set to play a crucial role in shaping the market. These
initiatives aim to educate livestock owners about the importance of
vaccination, promote responsible animal care practices, and prevent the spread
of infectious diseases among animals. The Animal Vaccine Market in India is
poised for growth, driven by increasing awareness, government initiatives, and
advancements in veterinary healthcare. However, addressing challenges related
to cost, storage, and transportation will be crucial for sustained market
expansion. With continued focus on research and development, collaboration
between stakeholders, and effective implementation of vaccination programs, the
market can thrive and contribute to the health and well-being of animals in
India.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India Animal
Vaccine Market By Animal Type (Livestock, Swine, Poultry, Companion Animals,
Others), By Technology (Inactive Vaccine, Live Attenuated Vaccine, Toxoid
Vaccine, Recombinant Vaccine, Others), By Disease (Foot and Mouth Disease, New
Castle Disease, Infectious Bronchitis, Infectious Bursal Disease, Fowl pox,
Rabies, Others), By Route of Administration (Subcutaneous, Intramuscular, Intraocular,
Oral, Others), By Distribution Channel (Veterinary Hospitals, Veterinary
Clinics, Pharmacies), By Region, Competition, Forecast & Opportunities, 2019-2019F”, has evaluated the future growth
potential of India Animal Vaccine Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Animal Vaccine Market.
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