North American animal vaccine market is estimated to grow at a CAGR of 6.8% during the forecast period. Increasing adoption of pets by the households and increasing animal healthcare expenditure is primarily contributing to the growth of the market. As per the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA), 67% of the US households, or about 85 million families, own a pet. Total US pet industry expenditure was $72.6 billion in 2018, which reached $75.4 billion in 2020. This highlights the fact that the population in the US is aware of pet health and the measures to be taken to improve pet health.
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As per the American Veterinary Medical Association (AVMA), in 2016, the total visits of all pets put all together were estimated to be around 172.3 million. The significant share was registered by dogs and cats. Visits per household for dogs were around 2.4 followed by cats which were around 1.3 per year. As the per capita income of population increases, the expenditure on vaccines is expected to increase thereby creating opportunities for the growth of the market in the near future.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American Animal Vaccine Market by Type
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Aquaculture Vaccines
- Companion Animal Vaccines
- Other Animal Vaccines
North American Animal Vaccine Market by Technology
- Live Attenuated Vaccine
- Killed/Inactive Vaccine
- Recombinant Vaccine
- Vectored Vaccine
- Subunit Vaccine
- DNA Vaccine
- Chimeric Vaccine
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- American Animal Health, Inc.
- Boehringer Ingelheim International GmbH
- Elanco
- Hygieia Biological Laboratories
- Merck & Co., Inc.
- Neogen Corp.
- Novartis International AG
- Phibro Animal Health Corp.
- United Vaccines, Inc.
- Zoetis, Inc.
The Report covers:
- Comprehensive research methodology of the North American animal vaccine market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American animal vaccine market.
- Insights about market determinants which are stimulating the North American animal vaccine market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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