Growth of Swine Fever Vaccine Market

The global Swine Fever Vaccine Market is estimated to be valued at US$ 2885.25 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Swine fever vaccines help prevent swine fever, a contagious viral disease affecting pigs. The vaccines provide protection, allow sustainable pig farming and ensure food security.

Market key trends:

One of the key trends in the swine fever vaccine market is the development of novel vaccines. Researchers are developing new generation vaccines based on modern vaccine platforms such as DNA vaccines and subunit vaccines. These novel vaccines induce strong immune response, require less number of doses for protection and have potential for differentiation of infected animals from vaccinated animals. Some of the key players involved in development of novel swine fever vaccines are Merck & Co., Inc., Ceva, and Indian Immunologicals Ltd.

Segment Analysis:

The global swine fever vaccine market is categorized based on type and region. Based on type, the market is segmented into live vaccines and inactivated vaccines. The live vaccines segment dominated the market in 2020 owing to enhanced porcine immunity and high survivability rate among pigs offered by this type of vaccine.

Key Takeaways:

The Global Swine Fever Vaccine Market Size is expected to grow at a CAGR of 5.9% over the forecast period from 2023 to 2030. The market was valued at US$ 2,885.25 million in 2023. Rapid industrialization of pig farming practices is expected to drive the market during the forecast period.

Regional analysis:

Asia Pacific dominated the global market in 2020 and is projected to exhibit the highest growth over the forecast period. This is attributed to rising pig population and frequent outbreaks of swine fever in major pork producing countries including China and India.

Key players:

Key players operating in the swine fever vaccine market are Merck & Co., Inc. (Merck Animal Health), Ceva, Zoetis Services LLC, Boehringer Ingelheim International GmbH, Indian Immunologicals Ltd., Bioveta, a.s., Komipharm, and EC21 Inc. Merck & Co., Inc. (Merck Animal Health) currently dominates the global market.

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