Swine Vaccines Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The swine vaccines market is expected to register a CAGR of 5.2% over the forecast period, 2022-2027.

The COVID-19 pandemic has had a substantial impact on the swine vaccines market. The animal health industry witnessed an adverse impact owing to the outbreak of COVID-19. Delays in the delivery of the active ingredients and raw materials and capacity constraints were some of the major concerns that restrained the market's growth during the pandemic. However, an increase in R&D investments to develop advanced products for better treatment and diagnosis during a pandemic can be considered one of the driving factors for the swine vaccines market. For instance, in May 2020, Indian Immunologicals Limited (IIL) launched a Classical Swine Fever (CSF) vaccine under the brand name "Raksha Class". This cell culture technology-based vaccine was developed in collaboration with the Indian Veterinary Research Institute (IVRI). Such innovation helped to regain market pace over the pandemic phase.

Furthermore, the increasing cases of swine fever in developing countries is also one of the major factors propelling the market's growth over the forecast period. For instance, as per the report published by the Foundation for Food & Agriculture Research in April 2022, African Swine Fever (ASF) has emerged as one of the highly contagious viruses that cause 100% mortality in swine. As of now, there is no commercially available vaccine to treat the disease. Therefore, in order to combat the disease, the Foundation for Food & Agricultural Research granted USD 145,000 to Genvax Technologies for developing a self-amplifying messenger RNA (saRNA) vaccine for African Swine Fever in association with the United States Department of Agriculture-Agricultural Research Services-Plum Island Animal Disease Center (USDA-ARS-PIADC). African Swine Fever has been detected in many countries until now, except in the United States. In addition, government initiatives toward swine flu management are also one of the major factors driving the market growth. The outbreak of the African Swine Flu (ASF) in many countries, such as China, India, Malaysia, Indonesia, and others, has led to the introduction of certain initiatives by the government. For instance, as per the report published by the Food and Agriculture Organization of the United Nations in April 2021, the Ministry of Agriculture and Rural Affairs (MARA) published a "Work Plan for Regional Prevention and Control of African Swine Fever and Other Major Animal Diseases (Trial)" for better management and control of animal diseases. Similarly, as per the journal published by Phys.org in June 2022, Vietnamese researchers developed a vaccine against African swine fever for pigs in collaboration with the United States.

Therefore, owing to the aforementioned factors, the studied market is anticipated to witness growth over the analysis period. However, the high cost of maintaining and handling storage conditions is likely to impede the market's growth.

Scope of the Report

As per the report's scope, swine vaccines are generally given to pigs and contain antigens from bacteria, viruses, parasites, or bacterial toxins. It helps to promote an immune response in pigs, which protects against natural infection from which the vaccine has been derived. The swine vaccines market is segmented by Product (Inactivated Vaccines, Attenuated Live Vaccines, Recombinant Vaccines, and Others), Disease Type (Classical Swine Fever, Porcine Parvovirus, Swine Influenza, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market report also covers the estimated market sizes and trends for 13 countries across major global regions. The report offers the value (in USD million) for the above segments.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Inactivated Vaccines Segment is Expected to Witness Growth Over the Forecast Period

By product, the inactivated vaccines segment is likely to register significant growth throughout the forecast period. Inactivated vaccines may contain antigens of organisms that are chemically synthesized or the whole organism in an inactivated state. The immunity ratio in inactivated vaccines can be enhanced by adding adjuvants or substances such as certain types of oil or aluminum hydroxide. These vaccines also contain toxins that are usually modified to stimulate an immune response in swine. CIRCOVAC, PARVOVAX, and PROGRESSIS from Ceva are some of the examples of inactivated vaccines against swine flu available on the market. Various research studies related to inactivated vaccines are in the pipeline to check their effectiveness against various swine diseases. For instance, as per the data published by the National Library of Medicine in March 2022, a research study on inactivated Senecavirus A vaccine is in the pipeline to check its efficacy on Senecavirus A (SVA). Senecavirus A, also known as Senecavirus A, is responsible for causing vesicular disease in swine. Hence, such research and development activities are anticipated to boost the segment's growth over the forecast period.

Additionally, the several advantages of inactivated vaccines over other vaccines are one of the major factors driving the segment's growth. Inactivated vaccines allow a higher rate of protection against diseases than live attenuated vaccines. In addition, the chance of reversion in inactivated vaccines is comparatively less than in other types. Furthermore, inactivated vaccines can be recommended for those having immunity concerns. The ease of transportation of inactivated vaccines is quite high compared to other vaccines, as these vaccines can be freeze-dried. In terms of storage purposes and shipping, inactivated vaccines are much more convenient, which also becomes an advantage for manufacturers.

Therefore, the inactivated vaccines segment is expected to witness significant growth over the forecast period due to the abovementioned factors.

To understand key trends, Download Sample Report