Latin America FMD Vaccine Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America FMD Vaccine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America FMD vaccine market is currently witnessing moderate growth. 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. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America FMD vaccine market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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
Mexico
Argentina
Columbia
Chile
Peru
Others

Competitive Landscape:

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

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?