Brazil's veterinary vaccines market was worth USD 435.3 millions in 2019. It is expected to grow at a 6.4% compound annual growth rate (CAGR), between 2020 and 2027. Market growth is expected to be driven by two main factors: rising vaccination mandates to combat livestock disease outbreaks, and an increasing demand for livestock-related foods products.
In 2019, the U.S. ranked second in broiler meat output. Brazil is expected to grow its meat export market due to the massive spread of COVID-19 among livestock-producing countries like China and the U.S. Due to the COVID-19 pandemic, Brazilian livestock production will increase by almost 5% in 2020.
Revenue growth is likely to be boosted by favorable government initiatives. In May 2018, for example, the World Organization for Animal Health declared Brazil free from foot and mouth disease (FMD) through vaccination. The National Program for the Eradication and Prevention of FMD decreased the disease vaccine dose from five to two mL and plans to completely withdraw the vaccine by 2021.
The market is also growing because of the increase in companion animals. Abinpet reports that Brazil had 52 million dogs, making it the largest country in Latin America. The market is also growing due to the increasing popularity of animal-assisted therapies. Animal-assisted therapies have been reported to be beneficial for people with autism spectrum disorder, attention deficit disorder, and Cerebral Vascular Accident (CVA). The vaccination market is growing due to increasing concerns about pet health.
The market was dominated by live vaccines in 2019, with more than 40% of the market. This is due to mass vaccination. Live vaccines that are attenuated have been in use for decades. They are the most common method of immunization against transmissible gastroenteritis virus and porcine epidemic diarrhea virus. Ceva's 2017 launch of CEVAC IIBras, the first live attenuated vaccine for the Brazilian avian infectious bronchitis virus, was a success. The fastest expected CAGR for recombinant vaccines is in the forecast period.
This is due to the vaccine's advantages, such as a lower risk of pathogenicity or targeted action. Some strains of Histophilus have been successfully treated with recombinant vaccines. This pathogen is a major threat to the cattle industry. It can cause respiratory diseases, septicemias, reproductive disorders, infectious thrombotic meingoencephalitis, and pleuritic. The vaccines can also be used to treat Rhipicephalus microplus, which is a disease that affects Brazil, Argentina and Peru as well as Uruguay, Venezuela, and other Latin American countries.
The market's largest segment, the ruminant segment, accounted for more than 57% of the total market share in 2019. The segment's growth is expected to be driven by increasing cattle production and government initiatives to stop sudden epidemics of disease. Brazil was the second-largest producer of cattle in the world in 2019.
Improved pasture conditions and crossbreeding are the main drivers of cattle production. India was the country's top exporter of beef in 2019. The country's livestock production was also increased by the 2017 outbreak of African swine flu in Asia. Brazil's veterinary vaccines market is also growing due to the favorable exchange rates, which make it cheaper to import inputs such as vaccines.
Due to the high production of broiler beef in the country, the poultry segment will see the most rapid growth over the forecast period. In 2019, it was the second-largest producer of broiler meat in the world. In 2019, it produced 13.8 million tonnes of broiler meat. It is also the largest exporter of broiler beef in the world. To reduce sudden outbreaks in the poultry industry, MAPA enforces strict regulations. This is further driving segment growth.
The market is home to many domestic and foreign companies. Market participants have many growth opportunities because of the country's largest cattle herd. The companies have taken several strategic initiatives such as mergers & acquisitions and product launches, as well the establishment of new manufacturing plants.
Sumitomo Corp., for example, entered into a strategic partnership in October 2018 with Ourofino Saude Animal to grow its veterinary medicine business. Ceva acquired Hertape SaudeAnimale Ltda in Brazil in 2017 to enter the FMD vaccination market in Brazil. Inova Biotecnologia Saude Animale Ltda. To increase market penetration, Boehringer Ingelheim purchased Merial in 2017. These are some of the most prominent players in Brazil's veterinary vaccines market:
Zoetis, Inc.
Ceva Sante Animale
Boehringer Ingelheim
MSD Animal Health
Up Market Research published a new report titled “Brazil Veterinary Vaccines Market research report which is segmented by Product (Inactivated, Live Attenuated, Recombinant), by Animal Type (Fish, Swine, Poultry, Ruminants), By Players/Companies MSD Animal Health, Zoetis Inc, Boehringer Ingelheim, Ceva Sant© Animale”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Brazil Veterinary Vaccines Market Research Report |
By Product | Inactivated, Live Attenuated, Recombinant |
By Animal Type | Fish, Swine, Poultry, Ruminants |
By Companies | MSD Animal Health, Zoetis Inc, Boehringer Ingelheim, Ceva Sant© Animale |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Inactivated, Live Attenuated, Recombinant), by Animal Type (Fish, Swine, Poultry, Ruminants).
Brazil Veterinary Vaccines Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Brazil Veterinary Vaccines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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