According to the report, “Poultry Vaccines Market Size, Share & Trends Analysis Report By Product (Attenuated Live, Inactivated), By Disease Type (Infectious Bronchitis, Avian Influenza), By Application (Breeder, Broiler), By Region, And Segment Forecasts, 2019 – 2026”, the growing concern for outbreaks and increase in demand for poultry food products are some of the major factors driving the market growth.
Increasing adoption of poultry vaccines by research institutes and colleges, along with vaccination awareness programs, are factors fueling the growth of the market. For instance, in July 2019, the Veterinary College and Research Institute based in Madurai, India started vaccinating domesticated birds, predominantly chickens, to save farmers from suffering significant losses.
Technological advancements in poultry vaccines, rising demand for animal protein, concerns over food safety, animal welfare, and microbial resistance, increased focus on avian healthcare, and shift from treatment to prevention of diseases are some of the other factors anticipated to create growth opportunities in the poultry vaccines market.
The market is marked by the presence of local and global players trying to increase their penetration via different strategic moves such as new product development, M&A, JV, partnerships, and distribution channel agreements. For instance, in July 2019, Ceva Company and IDT Biologika GmbH announced their successful completion of the acquisition of IDT’s veterinary biopharmaceutical as well as R&D activities by Ceva.
Poultry Vaccines Market Report Suggest:
• Increasing number of veterinary practitioners and technological advancements in the field are anticipated to create growth opportunities in the poultry vaccines market
• Attenuated vaccines accounted for the largest revenue share owing to their long lasting immunity and usage to prevent many avian diseases
• The infectious bronchitis disease segment is expected to exhibit lucrative growth during the forecast period as the disease is responsible for increased mortality among poultry and has a greater prevalence rate as compared to other avian diseases
• The breeder segment is expected to account for the largest revenue share due to increasing number of farm breeders involved in producing fertile eggs, thereby increasing productivity
• North America held the dominant share in the past due to favorable government policies and new product launch by companies.
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Poultry Vaccines Market Segmentation
Grand View Research has segmented the global poultry vaccines market on the basis of product, disease type, application, and region:
Poultry Vaccines Product Outlook (Revenue, USD Million, 2014 – 2026)
• Attenuated Live Vaccines
• Inactivated Vaccines
• Subunit Vaccines
• DNA Vaccines
• Recombinant Vaccines
Poultry Vaccines Disease Type Outlook (Revenue, USD Million, 2014 – 2026)
• Infectious Bronchitis
• Avian Influenza
• Marek’s Disease
• Newcastle Disease
Poultry Vaccines Application Outlook (Revenue, USD Million, 2014 – 2026)
Poultry Vaccines Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• The U.K.
• Asia Pacific
• Latin America
• South Africa
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