Livestock Vaccine Market Set to Expand 6.2% Annually Through 2034 Due to Rising Meat Demand and Disease Threats
-
The global livestock vaccine market is projected to grow at a CAGR of 6.2% from 2024-2034, reaching $11.2 billion by 2034 due to rising demand for meat and dairy products.
-
Vaccination is critical to control diseases and meet demand as disease prevalence causes significant economic losses in livestock.
-
Government initiatives towards eradicating livestock diseases further drive vaccination demand to enhance food security.
-
Biotechnology innovations are enhancing vaccine efficacy and encouraging adoption among livestock producers globally.
-
Leading companies like Zoetis, Merck Animal Health and Ceva Santé Animale are introducing new formulations and vaccination programs to target prevalent livestock diseases.