The French veterinary vaccines market, excluding foot and mouth disease, evidenced a growing trajectory from 2013 through 2023, reaching a market size of $1,040 million USD in 2023. The market experienced fluctuations, notably a drop in 2015, but generally maintained an upward trend, reflected in an average annual growth (CAGR) of 1.19% over the last five years. In recent years, momentum weakened, with year-on-year changes falling to around 1.4% by 2023, suggesting a gradual stabilization.
Looking forward, key trends include:
- Innovation in vaccine technologies and greater emphasis on animal health and welfare.
- Regulatory developments and macroeconomic factors impacting the cost and availability of vaccines.
- Potential shifts due to emerging infectious diseases and zoonotic threats.