The Philippine veterinary vaccines market, excluding foot and mouth disease, showcased steady growth from 2013 to 2023, rising from $1.53 to $2.82 per capita. Between 2021 and 2023, the market grew by approximately 3% annually. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was roughly 1.8%, indicating moderate but consistent expansion.
Future trends to watch for:
- Technological advancements in vaccine production.
- Growing awareness of animal health and welfare.
- Potential policy shifts from the government in animal health.
- Demand influenced by the rise in pet ownership and livestock farming.
| # | 35 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 17.42 | 2023 | View data | ||
| 2 | 2 France | 14.92 | 2023 | View data | ||
| 3 | 3 Saudi Arabia | 9.73 | 2023 | View data | ||
| 4 | 4 Greece | 8.35 | 2023 | View data | ||
| 5 | 5 Portugal | 7.93 | 2023 | View data | ||
| 26 | 26 Lebanon | 3.14 | 2023 | View data | ||
| 27 | 27 Slovenia | 3.08 | 2023 | View data | ||
| 28 | 28 Philippines | 2.82 | 2023 | |||
| 29 | 29 Slovakia | 2.77 | 2023 | View data | ||
| 30 | 30 Vietnam | 2.76 | 2023 | View data | ||
