US animal vaccine market is estimated to grow at a CAGR of around 6.6% during the forecast period. Significant awareness to maintain the health of pets and increasing animal healthcare expenditure is primarily contributing to the growth of the market. As per the American Veterinary Medical Association (AVMA), dogs and cats are the two of the most commonly owned pets of the US household. 54.3% of cat-owning households and 82.8% of dog-owning households visit the veterinarian at least once a year. Moreover, spending on veterinary care increased by 6.1% to $18.1 billion in 2018.
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This highlights the fact that the population in the US is aware of pet health and the measures have been taken to improve pet health, which in turn, is boosting the growth of the market. In addition, the increasing adoption of companion pets in the country is further reinforcing the market growth. For instance, At the end of 2016, 38.4% of the US household owned a dog, which is increased by 10% from 2011. This, in turn, is offering significant opportunity for the growth of the US animal vaccine market.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2021
- Forecast period- 2019-2025
- 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
US Animal Vaccine Market by Type
- Porcine Vaccines
- Poultry Vaccines
- Livestock Vaccines
- Aquaculture Vaccines
- Companion Animal Vaccines
- Other Animal Vaccines
US Animal Vaccine Market by Technology
- Live Attenuated Vaccine
- Killed/Inactive Vaccine
- Recombinant Vaccine
- Vectored Vaccine
- Subunit Vaccine
- DNA Vaccine
- Chimeric Vaccine
- Others
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 US 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 US animal vaccine market.
- Insights about market determinants which are stimulating the US 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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