Latin America FMD Vaccine Market

Market Overview:

The Latin America FMD vaccine market is expected to exhibit 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.

Food and mouth disease (FMD) is a contagious viral disease affecting a wide range of livestock species, like cattle, buffaloes, pigs and sheep. It is caused by a virus from the Picornaviridae family of the Aphthovirus genus with various immunological serotypes. The FMD vaccination is one of the most crucial tools used to combat the disease that can have a devastating impact on the economy, society, and the environment. In Latin America, several methods of administering the vaccine have been adopted based on local situations and objectives, such as mass vaccination, vaccination for target animal population, ring vaccination around outbreaks, and vaccination at buffer zones.

Latin America represents one of the largest FMD vaccine markets. It is primarily driven by the development and standardization of diagnostic tests in the region. The rising demand for animal care products and the increasing livestock population in the region are acting as other major factors impelling the market growth. As a result, various government initiatives have been undertaken to ensure the implementation of safe healthcare practices for livestock animals and new control benefits to optimize vaccine-based control programs. They are also creating awareness among the masses regarding the need for proper vaccination to fight against FMD. Moreover, Latin American countries, including Venezuela, Colombia, Uruguay, Bolivia, Paraguay, and Ecuador, have undertaken collaborative initiatives to combat the disease in a cost-effective manner for universal welfare. For instance, Brazilian health authorities carried out a joint operation with the Venezuelan government to eradicate the disease in Venezuela. Such initiatives, in turn, are creating a positive outlook for the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America FMD vaccine market, along with forecasts at the 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:

• Cattle
• Pig
• Sheep and Goat
• Others (buffalo, camels, deer)
   

Breakup by Vaccine Type:

• Conventional Vaccines
  • Oil based Vaccines
  • Aluminium Hydroxide/Saponin Based Vaccines
• Emergency Vaccines
   

Breakup by Distribution Channel:

• Government Organizations
• Distributors/Pharmacies
• Private Vet
• Others
   

Breakup by Country:

• Brazil
• Argentina
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Latin America foot and mouth disease (FMD) vaccine market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Latin America foot and mouth disease (FMD) vaccine market?
• What are the key regional markets?
• What is the breakup of the market based on the animal type?
• What is the breakup of the market based on the vaccine type?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Latin America foot and mouth disease (FMD) vaccine market and who are the key players?
• What is the degree of competition in the industry?