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How Has Foot And Mouth Disease Vaccine Market Performed Historically And What Is The Forecast?
The foot and mouth disease vaccine market size has grown significantly in recent years, escalating from $2.61 billion in 2024 to $2.84 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. Contributing factors to this growth include the development of multivalent vaccines, increased prevalence of foot and mouth disease, government initiatives for disease control, focus on food security, economic implications of FMD outbreaks, and investments in research and development.
Moving forward, the foot and mouth disease vaccine market size is expected to experience rapid growth, reaching $4.17 billion in 2029 with a CAGR of 10.1%. This growth can be attributed to factors such as the impact of climate change on disease spread, the emergence of new FMD strains, digitalization of vaccine distribution, enhanced vaccine cold chain infrastructure, continuous improvement in vaccine safety, integration with precision livestock farming, and international aid for vaccination programs.
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What Is Driving The Growth of the Foot And Mouth Disease Vaccine Market?
An increase in the livestock population is contributing to the growth of the foot and mouth disease vaccine market. As demand for animal products rise, so does the population of livestock such as cows, horses, and pigs. With the growth in livestock numbers, chances for the prevalence of foot and mouth disease increase, hence driving the market growth. As per a report by the US Department of Agriculture, India’s national herd of cattle rose from 1.2 million in 2021 to 306.7 million in 2022, indicating a potential increase in demand for the foot and mouth disease vaccine.
Which Are The Major Segments In The Foot And Mouth Disease Vaccine Market?
The foot and mouth disease vaccine market is divided into:
1) By Vaccine Type: Conventional Vaccines, Oil Based Vaccines, Aluminum Hydroxide Or Saponin Based Vaccines, Emergency Vaccines
2) By Animal Type: Cattle, Pig, Sheep And Goat, Other Animals
3) By Distribution Channel: Government Organizations, Distributors Or Pharmacies, Private Vet, Other Distribution Channels.
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Who Are The Key Players In The Foot And Mouth Disease Vaccine Market?
Major players in the foot and mouth disease vaccine market include Godrej Agrovet Limited, Biogénesis Bagó S.A., Indian Immunologicals Limited, Limor de Colombia, Merck & Co. Inc., Brilliant Bio Pharma Ltd., Intervet India Private Limited, Biovet Private Limited, China Animal Husbandry Group, C.H. Boehringer Sohn AG & Co. KG, VECOL S.A, VETAL Animal Health Products Inc., The Spirit Jinyu Biological Pharmaceutical Co. Ltd., Dong Bang Co. Ltd., FGBI-ARRIAH, NAVETCO NATIONAL VETERINARY JOINT STOCK COMPANY, Ceva Santé Animale, MEVAC, Agrovet Market S.A., Alivira Animal Health Limited, Southern Cross Group, SPIC Gene Science Technology Development Co. Ltd., Zoetis Inc.
What Are The Emerging Trends In The Foot And Mouth Disease Vaccine Market?
Strategic partnerships are a key trend in the foot and mouth disease vaccine market. Companies are entering into partnerships to leverage each other’s resources and expand in a new market. For instance, Argentina-based biotech company Biogénesis Bagó partnered with FVC in July 2022 to develop a cutting-edge FMD vaccine site in South Korea.
Which Region Is The Largest In The Foot And Mouth Disease Vaccine Market?
Asia-Pacific was the largest region in the foot and mouth disease vaccine market in 2024. The regions covered in the foot and mouth disease vaccine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Foot And Mouth Disease Vaccine Market Report 2025 Offer?
Foot-and-mouth disease (FMD) vaccines boost the immune system’s defenses in animals against the FMD. This acute and highly infectious disease affects all cloven-hoofed animals. Affected animals exhibit high body temperature, followed by blisters on the feet and in the mouth. The Foot And Mouth Disease Vaccine Market research from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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