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The global foot and mouth disease (FMD) vaccine market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
The foot and mouth disease (FMD) occurs due to a transboundary, contagious virus that infects cloven-hoofed animals. It primarily affects cattle, such as buffaloes, pigs, sheep, goats, etc., and a few wildlife species, including deer, bison, camelid, antelope, etc. The FMD virus (FMDV) has seven immunologically distinct serotypes, namely O, A, C, SAT1, SAT2, SAT3, and Asia 1. This viral disease exhibits common symptoms in animals, such as blisters on lips and tongue, fever, excessive salivation, anorexia, low meat and milk productivity, etc. Several vaccines, based on aluminum hydroxide, saponin, and oil formulations, are used against FMD contraction.
The high prevalence of FMD along with its socio-economic impact on the international trade of animal products is driving the FMD vaccine market. The growing meat processing industry and the increasing consumption of dairy products are also fueling the need for FMD vaccines. Additionally, the rising demand for high-grade and disease-free meat supply from livestock is further augmenting the market growth. Apart from this, the implementation of mandatory norms regarding cattle rearing is leading to the bulk purchase of vaccines to control FMD outbreaks. Furthermore, government bodies across the globe are also introducing several awareness programs for protecting endangered wildlife species, such as bison and antelope, against FMD. Rising globalization along with the growing livestock population across both developed and developing markets is also driving the market for FMD vaccines. Furthermore, the increasing presence of veterinary centers providing safe healthcare practices for livestock is also creating a positive impact on the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global foot and mouth disease (FMD) vaccine market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on animal type, vaccine type and distribution channel.
Breakup by Animal Type:
Breakup by Vaccine Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Agrovet Co., Bayer AG, Biogénesis Bagó, Boehringer Ingelheim International GmbH, Brilliant Bio Pharma Private Limited, China Animal Husbandry Group, FGBI "Federal Centre for Animal Health, Indian Immunologicals Limited, Limor de Colombia, Merck & Co. Inc, Vecol S.A. and VETAL Animal Health Products Company.
|Base Year of the Analysis||2020|
|Segment Coverage||Animal Type, Vaccine Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Latin America, Middle East and Africa, Europe|
|Countries Covered||China, India, Bangladesh, Vietnam, Korea, Brazil, Argentina, Nigeria, Ethiopia, Iran, Algeria, Turkey, Georgia, Armenia|
|Companies Covered||Agrovet Co., Bayer AG, Biogénesis Bagó, Boehringer Ingelheim International GmbH, Brilliant Bio Pharma Private Limited, China Animal Husbandry Group, FGBI "Federal Centre for Animal Health, Indian Immunologicals Limited, Limor de Colombia, Merck & Co. Inc, Vecol S.A. and VETAL Animal Health Products Company|
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