PORCINE VACCINES MARKET ANALYSIS

Regional Analysis

Porcine Vaccines Market - Regional Analysis

On the basis of geography, the global porcine vaccines market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the largest market share in the global porcine vaccines market, attributable to highly organized farming structure, increased demand for animal protein, and rising expenditure on animal health by farm owners. Moreover, export and import permits among contract manufacturers or distributer firms and low estimated cost of products are expected to make the porcine vaccine market more popular in Europe. For instance, in 2016, a UK-based Cranswick Foods company initiated a project to set up pork processing plant in Punjab, which would act as a catalyst to hasten the process of value addition in animal husbandry sector and give boost to the farm diversification, providing high quality pork to the consumers across the state. The market in Asia Pacific (including Vietnam, the Philippines, etc.) is estimated to grow at a significant CAGR during the forecast period as this countries have large consumption of pig meat, which in turn is fostering growth of the market.