The veterinary vaccines market excluding foot and mouth disease in Portugal experienced fluctuations from 2013 to 2023. In 2023, the market size reached 76.952 million US dollars. Notable trends include a significant decline in 2015 followed by a recovery phase, peaking in 2019. The last two years saw a slight rebound with a modest year-on-year growth of 1.79% in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was a minimal 0.33%, reflecting stability after previous volatility.

Future trends to watch for:

Technological advancements in vaccine development.
Increased focus on animal healthcare standards and policies.
Potential impact of environmental and biological well-being factors on vaccination needs.