Veterinary Vaccine Adjuvants Market to Reach $0.6 Billion, Globally, by 2033 at 4.6% CAGR: Allied Market Research
Veterinary Vaccine Adjuvants Market 2033
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Prime Determinants of Growth
The growth of the veterinary vaccine adjuvants market is significantly bolstered by the increasing ownership of pets worldwide. As more people embrace pets as integral members of their families, the demand for preventive healthcare, including vaccinations, rises. Vaccinations are crucial in safeguarding the health of pets against infectious diseases, and adjuvants play a pivotal role in enhancing the efficacy of these vaccines by stimulating a robust immune response. Veterinary vaccine adjuvants are designed to improve vaccine effectiveness and duration of protection, thereby reducing the incidence and severity of diseases in pets.
Moreover, advancements in veterinary medicine and an increasing awareness of the benefits of preventive healthcare among pet owners further propel the demand for high-quality vaccines and adjuvants. Furthermore, ongoing research and development efforts aimed at creating safer and more effective adjuvants that minimize adverse reactions while maximizing immune response also contribute significantly in the growth of the market.
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Segment Highlights
The alum and calcium salts segment dominated market share in 2023
By type, alum and calcium salts segment dominated the market share in 2023. This is attributed to the fact that alum salts, such as aluminum hydroxide and aluminum phosphate, have been extensively studied and utilized in human and veterinary vaccines for decades, providing a well-understood mechanism of action to enhance immune responses.
Intramuscular segment dominated market share in 2023
By route of administration, intramuscular segment dominated the market share in 2023. This is attributed to the fact that intramuscular administration ensures direct delivery of adjuvanted vaccines into the muscle tissue, which is rich in immune cells and blood vessels. This facilitates optimal immune response, as the adjuvant can efficiently activate antigen-presenting cells such as dendritic cells, thereby enhancing the immune recognition and response to the vaccine antigens.
Livestock segment dominated market share in 2023
By type of animal, the livestock segment dominated market share in 2023. This is attributed to the fact that the livestock population is much more than the companion animal. Furthermore, the livestock are seen as financial asset and vaccine plays an important role in maintaining their health.
Regional Outlook
North America holds a dominant position in the market, attributed to the surge in number of pets throughout the region, high awareness about the animal healthcare and well-established veterinary healthcare infrastructure. The presence of key market players and extensive research and development activities further drives the growth of market in North America region.
However, Asia-Pacific region is expected to register highest CAGR in the forecast period, owing to rising healthcare expenditures, high population of livestock as majority of rural population of countries like India, Japan and China are depended on livestock for their livelihood.
Key Players:
SEPPIC
SPI Pharma
Bioveta AS
Croda Internation PLC
Merck & Co., Inc
MVP Laboratories
OZ Biosciences
InvivoGe
Evonik Industries
Zoetis
The report provides a detailed analysis of these key players in the global veterinary vaccine adjuvants market. These players have adopted different strategies such as product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Development
In December 2022, Evonik Industries launched non-animal-derived squalene suitable for vaccines and other pharmaceutical applications. PhytoSquene is the first known amaranth oil-derived squalene for use in adjuvants in parenteral dosage forms.
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Allied Market Research
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