The market size per capita for veterinary vaccines, except for foot and mouth in Lithuania, exhibited a declining trend from 2013 to 2023. Starting at $8.52 in 2013, it decreased to $7.79 in 2023. Year-over-year analysis indicates a consistent reduction, with a -0.76% decrease between 2022 and 2023 and a -0.76% annual change also observed between 2021 and 2022. The compound annual growth rate (CAGR) over the last five years reflects a decline of approximately -0.59% per year.

Future trends to watch for include:

Technological advancements in vaccine production could potentially reverse the declining trend.
Policy changes and increased awareness regarding animal health may drive demand.
Economic fluctuations and agricultural industry health will impact the market size.