Pet Ownership Dynamics A Catalyst For Growth In Veterinary Vaccines: Transformative Forces Shaping the Companion Animal Veterinary Vaccines Market Landscape in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Companion Animal Veterinary Vaccines Industry Market Size Be by 2025?
The size of the companion animal veterinary vaccines market has seen robust growth in the past few years. The market value is predicted to rise from $3.66 billion in 2024 to $3.88 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.0%. The exceptional growth observed in the historical period is because of factors such as increased pet ownership, preventive healthcare measures, prevalence of zoonotic diseases, and advancements in vaccine technology.

What's the Long-Term Growth Forecast for the Companion Animal Veterinary Vaccines Market Size Through 2029?
The market for veterinary vaccines for companion animals is projected to experience significant expansion in the coming years. It's anticipated to reach $5.09 billion by 2029, advancing at a compound annual growth rate (CAGR) of 7.0%. The robust growth predicted within this period can be linked to factors such as a growing pet population, enhanced awareness of preventative healthcare, advancements in technology and vaccine development, as well as personalized vaccination plans. Key trends for the forecast period encompass broad vaccination programs, cutting-edge vaccine technologies, control of vector-transmitted diseases, vaccination facilities, and mobile services.

View the full report here:
https://www.thebusinessresearchcompany.com/report/companion-animal-veterinary-vaccines-global-market-report

What Are the Key Growth Drivers Fueling the Companion Animal Veterinary Vaccines Market Expansion?
The companion animal veterinary vaccine market's expansion in the forecast period can be credited to the rise in pet ownership primarily amongst Gen X and Gen Y adults. As per the APPA, millennials (Gen Y) make up the largest group of pet owners of various animals. More than 80% of individuals from Gen Y and Gen Z own dogs, and less than half own cats. Furthermore, the trend of owning multiple pets is climbing in many parts of the globe. For example, in 2022, as reported by Animal Medicines Australia, a non-governmental organization based in Australia, the rate of pet ownership saw significant growth, with pet owners standing at 28,730.8 in 2022, a rise from 39% in 2021. This signifies a 24% increase, indicating a substantial rising trend in pet adoption and spendings on their care. The spike in pet ownership highlights the escalating fondness for pets in Australian households. This increase in pet ownership is fueling the growth of the companion animal veterinary vaccine market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3370&type=smp

What Are the Key Trends Driving Companion Animal Veterinary Vaccines Market Growth?
The trend of collaborating and forming partnerships with other entities in the industry has been on the rise among companies in the companion animal veterinary vaccine market, as a strategy to fuel innovation in their products. Companies in this increasingly competitive marketplace are venturing into new territories and crafting innovative products by pooling together their expertise and skills with other players. For example, MSD Animal Health, a subsidiary of Merck & Co., recently publicized their strategic partnership with Vinovo B.V., a segment of Viscon Hatchery Automation, a leading firm in hatchery automation. Their goal is to set a new benchmark in secure and effective Vinovo vaccination, aiming to enhance bird welfare and mitigate vaccine reactions.

How Is the Companion Animal Veterinary Vaccines Market Segmented?
The companion animal veterinary vaccines market covered in this report is segmented -

1) By Product: Inactivated, Live Attenuated, Recombinant, Other Products
2) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores, Other Distribution Channels

Subsegments:
1) By Inactivated: Inactivated Canine Vaccines, Inactivated Feline Vaccines, Inactivated Vaccine Combinations, Other Inactivated Vaccines
2) By Live Attenuated: Live Attenuated Canine Vaccines, Live Attenuated Feline Vaccines, Live Attenuated Vaccine Combinations, Other Live Attenuated Vaccines
3) By Recombinant: Recombinant Canine Vaccines, Recombinant Feline Vaccines, Recombinant Vaccine Combinations, Other Recombinant Vaccines
4) By Other Products: DNA Vaccines, Subunit Vaccines, Toxoid Vaccines, Other Veterinary Vaccine Products

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3370&type=smp

Which Companies Are Leading the Charge in Companion Animal Veterinary Vaccines Market Innovation?
Major companies operating in the companion animal veterinary vaccines market include C.H. Boehringer Sohn AG & Co. KG, Eli Lilly and Company, Heska Corp., Merck and Co. Inc., Elanco Animal Health Incorporated, Zoetis Inc., Ceva Sante Animale SA, Bayer AG, Neogen Corporation, ImmuCell Corporation, Intervet Inc., Vetoquinol SA, IDEXX Laboratories Inc., Merial Inc., Biogenesis Bago SA, Hipra India Pvt. Ltd., Bimeda Animal Health Limited, Phibro Animal Health Corporation, Nexvet Biopharma plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Ltd., Dechra Pharmaceuticals PLC, Kyoritsu Seiyaku Corporation, VDS Pharma Animal Health, Kepro Technologies Private Limited, ECO Animal Health Group plc, Biostadt India Limited, bio-pharmaceutical company, Choong Ang Vaccine Laboratories Co. Ltd., CZ Veterinaria S.A.

Which Regions Are Leading the Global Companion Animal Veterinary Vaccines Market in Revenue?
North America was the largest region in the companion animal veterinary vaccines market in 2023. Asia-Pacific was the second-largest region in the companion animal veterinary vaccines market. The regions covered in the companion animal veterinary vaccines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3370

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.