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| Poultry Vaccine Market |
Poultry vaccines are used for prevention of various bacterial and viral diseases in avian. The vaccines provide immunity against infections like Bird flu, Newcastle disease, Marek's disease etc. and help to maximize production efficiency.
The global
Poultry Vaccine Market is estimated to be valued at US$ 1900.4 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The
increasing incidences of various poultry diseases have driven the demand for
poultry vaccines over the past few years. The continuous outbreaks of avian
influenza especially in Asia Pacific regions have accelerated the adoption of
vaccination programs. This has significantly contributed to the growth of the
overall poultry vaccine market during the forecast period.
Segment Analysis
The global poultry vaccine market is segmented on the basis of disease type and
technology. Based on disease type, the market is segmented into infectious
bronchitis, Marek's disease, Newcastle disease, infectious bursal disease, and
avian influenza. The infectious bronchitis segment dominates the market due to
high prevalence and annual losses in the poultry industry. Factors such as high
mortality rate, decreased egg production, and increased susceptibility to other
pathogens contribute to the segment's large share.
Key Takeaways
The global Poultry
Vaccine Market Trends is expected to witness high growth. The global
Poultry Vaccine Market is estimated to be valued at US$ 1900.4 Mn in 2023 and
is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
The North
American region dominates the market with high market share owing to large
poultry farming and presence of key market players in the region. The Asia
Pacific region is projected to grow at the fastest pace during the forecast
period due to growing awareness among poultry farmers and rising poultry demand
from countries such as China and India.
Key players related content comprises: Key players operating in the poultry
vaccine market are GlaxoSmithKline plc, AbbVie Inc., Merck & Co., Inc., Dr.
Reddy's Laboratories Ltd., F. Hoffmann-La Roche AG, Bristol-Myers Squibb
Company. GlaxoSmithKline plc holds the leading market share due to its
diversified product portfolio and strong global distribution channel.
For more insights, read- https://www.ukwebwire.com/poultry-vaccine-market-trends-size-and-share-analysis/
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