In 2023, the veterinary vaccines market in Zambia, excluding foot and mouth vaccines, reached a value of 37.28 million US dollars. The market has experienced fluctuating growth rates over the past decade. In the last two years, the market has seen modest growth, with year-on-year increases of 1.32% in 2022 and 1.29% in 2023. Over the past five years, the compound annual growth rate (CAGR) has been relatively low at 0.58%, indicating a generally stable to slow-growing market.

Future trends to watch for:

Increased adoption of veterinary services in rural areas, leading to higher demand for vaccines.
Government and NGO initiatives aimed at enhancing animal health infrastructure.
Technological advancements and innovations in vaccine development that may drive growth.
Potential shifts in livestock farming patterns impacting vaccine demand.