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Animal Vaccine in China Trends and Forecast

The future of the animal vaccine market in China looks promising with opportunities in the companion, livestock, and aquaculture markets. The global animal vaccine market is expected to grow with a CAGR of 6.1% from 2025 to 2031. The animal vaccine market in China is also forecasted to witness strong growth over the forecast period. The major drivers for this market are an increase in the incidence of animal disease, the rising government funding for the production of veterinary vaccines, and the growing virus outbreaks in companion animal and livestock populations.

• Lucintel forecasts that, within the product category, attenuated is expected to witness the highest growth over the forecast period.
• Within the animal type category, livestock is expected to witness the highest growth.

Animal Vaccine Market in China Trends and Forecast

Emerging Trends in the Animal Vaccine Market in China

The animal vaccine market in China is experiencing rapid growth driven by increasing awareness of animal health, government support, and technological advancements. The rising demand for vaccines for pets and livestock, coupled with a focus on disease prevention, is transforming the industry landscape. Market players are investing heavily in research and development to introduce innovative products that meet stringent safety and efficacy standards. Additionally, regulatory reforms are facilitating faster approval processes, encouraging new entrants and collaborations. The integration of digital technologies and data analytics is enhancing vaccine development and distribution efficiency. These developments collectively are creating a dynamic, competitive environment that is shaping the future of animal healthcare in China.

• Growing demand for pet vaccines: The increasing pet ownership in China, driven by urbanization and changing lifestyles, is boosting demand for pet vaccines. Consumers are more aware of animal health, leading to higher vaccination rates for diseases like rabies and distemper. This trend encourages companies to develop specialized vaccines and expand their product portfolios. The market is witnessing a shift from traditional vaccines to more advanced, combination vaccines that offer broader protection. As pet ownership continues to rise, the demand for high-quality, effective vaccines is expected to grow significantly, influencing market strategies.
• Expansion of livestock vaccination programs: China’s focus on food safety and animal health has led to extensive vaccination programs for livestock. Government initiatives aim to control and eradicate zoonotic diseases, which are crucial for public health. This trend results in increased demand for vaccines against diseases like foot-and-mouth disease, avian influenza, and swine fever. The expansion of these programs encourages vaccine manufacturers to innovate and scale production. It also promotes public-private partnerships to improve vaccine accessibility and coverage, ultimately strengthening the overall animal health infrastructure.
• Technological advancements in vaccine development: Innovations such as recombinant DNA technology, mRNA vaccines, and adjuvant improvements are revolutionizing vaccine development in China. These technologies enable the creation of more effective, safer, and longer-lasting vaccines. They also facilitate rapid response to emerging diseases, enhancing biosecurity. The adoption of these advanced methods is reducing development timelines and costs, allowing companies to bring new products to market faster. This trend is positioning China as a competitive player in the global animal vaccine industry.
• Regulatory reforms and government support: Recent policy changes aim to streamline approval processes and enhance regulatory oversight for animal vaccines. The Chinese government is actively supporting research and innovation through funding and incentives. These reforms encourage domestic production and attract foreign investment, fostering a more competitive market environment. Improved regulatory frameworks also ensure higher safety and efficacy standards, boosting consumer confidence. This supportive environment is crucial for the sustained growth and modernization of China’s animal vaccine sector.
• Integration of digital technologies and data analytics: The adoption of digital tools, such as IoT devices, blockchain, and AI, is transforming vaccine supply chains, monitoring, and data management. These technologies improve traceability, reduce counterfeit risks, and optimize inventory management. Data analytics enable better understanding of disease patterns and vaccine efficacy, guiding product development and policy decisions. The integration of digital solutions enhances operational efficiency and transparency, ultimately improving vaccine accessibility and trust among stakeholders. This trend is pivotal in modernizing China’s animal vaccine industry and ensuring sustainable growth.

The convergence of these trends is fundamentally reshaping China’s animal vaccine market. Increased demand, technological innovation, supportive policies, and digital integration are creating a more dynamic and competitive environment. These developments are not only improving animal health outcomes but also positioning China as a significant player in the global animal vaccine industry. The market’s evolution promises greater innovation, higher standards, and expanded access, benefiting animals, farmers, pet owners, and industry stakeholders alike.

Recent Developments in the Animal Vaccine Market in China

The animal vaccine market in China has experienced significant growth driven by increasing awareness of animal health, rising pet ownership, and government initiatives to improve veterinary healthcare. Innovations in vaccine technology and expanding distribution channels are further fueling market expansion. The demand for effective vaccines against emerging and existing animal diseases continues to rise, prompting local and international companies to invest heavily in research and development. Regulatory reforms and supportive policies are creating a conducive environment for market players to innovate and expand their product portfolios. Additionally, the growing trend of urbanization and changing lifestyles is boosting pet adoption rates, thereby increasing demand for animal vaccines. Overall, these factors are collectively shaping a dynamic and rapidly evolving market landscape in China.

• Increased government funding and regulatory support: The Chinese government has ramped up funding for veterinary health initiatives and streamlined approval processes for new vaccines, which accelerates market growth. This support encourages innovation and helps local companies compete globally, leading to a broader product range and improved vaccine accessibility. The regulatory environment’s improvement reduces barriers for new entrants and fosters a more competitive market, ultimately benefiting animal health and owner confidence.
• Rising pet ownership and consumer awareness: The surge in pet ownership, especially among urban middle-class families, has significantly increased demand for animal vaccines. Consumers are becoming more aware of the importance of preventive healthcare for pets, leading to higher vaccination rates. This trend encourages companies to develop targeted vaccines and expand their marketing efforts, which boosts sales and market penetration. The increased awareness also promotes better veterinary practices and responsible pet ownership.
• Technological advancements in vaccine development: Innovations such as recombinant DNA technology, mRNA vaccines, and improved adjuvants are transforming the vaccine landscape in China. These advancements enable the production of more effective, safer, and longer-lasting vaccines, which appeal to both veterinarians and pet owners. The adoption of cutting-edge technology enhances the competitiveness of Chinese vaccine manufacturers and opens new markets for export, strengthening China’s position in the global animal vaccine industry.
• Expansion of distribution channels and partnerships: Companies are increasingly leveraging e-commerce platforms, veterinary clinics, and partnerships with global firms to expand their reach. This diversification of distribution channels ensures wider availability of vaccines, especially in rural and underserved areas. Strategic collaborations also facilitate technology transfer and knowledge sharing, accelerating product development and market entry. Enhanced distribution networks are crucial for meeting the growing demand and ensuring vaccine accessibility across China.
• Impact of international trade and regulatory standards: China’s integration into global trade networks and adherence to international standards have influenced the animal vaccine market. Compliance with global quality and safety standards has opened export opportunities and attracted foreign investment. This international engagement encourages local companies to upgrade their manufacturing processes and R&D capabilities, fostering innovation and competitiveness. Consequently, China’s animal vaccine market is becoming more aligned with global trends, boosting its growth prospects.

These recent developments are collectively transforming China’s animal vaccine market into a more innovative, accessible, and competitive sector. Increased government support, rising pet ownership, technological progress, expanded distribution, and international integration are driving growth and improving animal health standards. As these trends continue, the market is expected to see sustained expansion, attracting more investments and fostering innovation. Ultimately, these changes will benefit animals, pet owners, and industry stakeholders by providing safer, more effective vaccines and broader access to veterinary healthcare services.

Strategic Growth Opportunities for Animal Vaccine Market in China

The animal vaccine market in China is experiencing rapid growth driven by increasing awareness of zoonotic diseases, government initiatives, and a rising pet population. Innovations in vaccine technology and expanding veterinary healthcare infrastructure are creating new opportunities. The demand for effective vaccines across various animal species is fueling market expansion. Additionally, the focus on preventing disease outbreaks in livestock and pets is prompting investments in R&D. This evolving landscape offers numerous strategic growth opportunities for industry players to capitalize on emerging trends and unmet needs.

• Growing demand for livestock vaccines: The increasing need to prevent diseases in livestock such as swine, poultry, and cattle is driving the development and adoption of targeted vaccines. This reduces economic losses and enhances productivity, making livestock vaccines a key growth area.
• Expansion of pet vaccination programs: Rising pet ownership and awareness about pet health are encouraging widespread vaccination initiatives. This not only improves pet health but also opens avenues for premium vaccine products and services.
• Focus on zoonotic disease prevention: The rise of zoonotic diseases like avian influenza and rabies necessitates the development of specialized vaccines. This focus enhances public health safety and creates opportunities for innovative vaccine solutions.
• Technological advancements in vaccine development: Innovations such as recombinant DNA technology and mRNA vaccines are improving efficacy and safety profiles. These advancements attract investments and facilitate the launch of next-generation vaccines.
• Government policies and subsidies: Supportive regulatory frameworks and subsidies promote vaccine research, manufacturing, and distribution. This environment encourages market players to expand their product portfolios and reach wider markets.

These strategic growth opportunities are significantly impacting the animal vaccine market in China by fostering innovation, expanding market reach, and improving disease prevention strategies. They enable companies to meet rising demand, enhance product offerings, and contribute to better animal and public health outcomes, ensuring sustained market growth.

Animal Vaccine Market in China Driver and Challenges

The animal vaccine market in China is influenced by a complex interplay of technological advancements, economic growth, and evolving regulatory frameworks. These factors shape the development, approval, and distribution of vaccines, impacting market dynamics significantly. Understanding these drivers and challenges is essential for stakeholders aiming to capitalize on opportunities and navigate potential obstacles within this expanding sector.

The factors responsible for driving the animal vaccine market in China include:
• Increasing livestock population and demand for animal products: China’s large and growing livestock sector necessitates effective disease prevention, boosting vaccine demand.
• Technological innovations in vaccine development: Advances such as recombinant DNA technology and adjuvant improvements enhance vaccine efficacy and safety, encouraging market growth.
• Government initiatives and regulatory support: Policies promoting animal health and vaccination programs facilitate market expansion.
• Rising awareness and adoption of preventive healthcare: Growing knowledge among farmers and pet owners about disease prevention drives vaccine uptake.

The challenges in the animal vaccine market in China are:
• Stringent regulatory approval processes: Lengthy and complex approval procedures can delay vaccine introduction, affecting market growth.
• High R&D costs and technological barriers: Developing effective vaccines requires significant investment and expertise, which can be a barrier for smaller companies.
• Concerns over vaccine safety and efficacy: Incidents of adverse effects or ineffective vaccines can undermine confidence and hinder market expansion.

In summary, the Chinese animal vaccine market is propelled by increasing demand, technological progress, and supportive policies, but faces hurdles such as regulatory complexities, high development costs, and safety concerns. These factors collectively influence the market’s growth trajectory, requiring stakeholders to navigate challenges while leveraging opportunities for sustainable development.

List of Animal Vaccine Market in China Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, animal vaccine companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the animal vaccine companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5





Animal Vaccine Market in China by Segment

The study includes a forecast for the animal vaccine market in China by product and animal type.

Animal Vaccine Market in China by Product [Analysis by Value from 2019 to 2031]:


• Attenuated Vaccines
• Inactivated Vaccines
• Subunit Vaccines
• Toxoid Vaccines
• Conjugate Vaccines
• Recombinant Vaccines
• DNA Vaccines

Animal Vaccine Market in China by Animal Type [Analysis by Value from 2019 to 2031]:


• Companion Animal
• Livestock Animal
• Aquaculture

Lucintel Analytics Dashboard

Features of the Animal Vaccine Market in China

Market Size Estimates: Animal vaccine in China market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Animal vaccine in China market size by product and animal type in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different product and animal type for the animal vaccine in China.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the animal vaccine in China.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
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FAQ

Q1. What are the major drivers influencing the growth of the animal vaccine market in China?
Answer: The major drivers for this market are an increase in the incidence of animal disease, the rising government funding for the production of veterinary vaccines, and the growing virus outbreaks in companion animal and livestock populations.
Q2. What are the major segments for animal vaccine market in China?
Answer: The future of the animal vaccine market in China looks promising with opportunities in the companion, livestock, and aquaculture markets.
Q3. Which animal vaccine market segment in China will be the largest in future?
Answer: Lucintel forecasts that, within the product category, attenuated is expected to witness the highest growth over the forecast period.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the animal vaccine market in China by product (attenuated vaccines, inactivated vaccines, subunit vaccines, toxoid vaccines, conjugate vaccines, recombinant vaccines, and DNA vaccines), and animal type (companion animal, livestock animal, and aquaculture)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Animal Vaccine Market in China, Animal Vaccine Market in China Size, Animal Vaccine Market in China Growth, Animal Vaccine Market in China Analysis, Animal Vaccine Market in China Report, Animal Vaccine Market in China Share, Animal Vaccine Market in China Trends, Animal Vaccine Market in China Forecast, Animal Vaccine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

                                           Table of Contents

            1. Executive Summary

            2. Overview

                        2.1 Background and Classifications
                        2.2 Supply Chain

            3. Market Trends & Forecast Analysis

                        3.1 Industry Drivers and Challenges
                        3.2 PESTLE Analysis
                        3.3 Patent Analysis
                        3.4 Regulatory Environment
                        3.5 Animal Vaccine Market in China Trends and Forecast

            4. Animal Vaccine Market in China by Product

                        4.1 Overview
                        4.2 Attractiveness Analysis by Product
                        4.3 Attenuated Vaccines: Trends and Forecast (2019-2031)
                        4.4 Inactivated Vaccines: Trends and Forecast (2019-2031)
                        4.5 Subunit Vaccines: Trends and Forecast (2019-2031)
                        4.6 Toxoid Vaccines: Trends and Forecast (2019-2031)
                        4.7 Conjugate Vaccines: Trends and Forecast (2019-2031)
                        4.8 Recombinant Vaccines: Trends and Forecast (2019-2031)
                        4.9 DNA Vaccines: Trends and Forecast (2019-2031)

            5. Animal Vaccine Market in China by Animal Type

                        5.1 Overview
                        5.2 Attractiveness Analysis by Animal Type
                        5.3 Companion Animal: Trends and Forecast (2019-2031)
                        5.4 Livestock Animal: Trends and Forecast (2019-2031)
                        5.5 Aquaculture: Trends and Forecast (2019-2031)

            6. Competitor Analysis

                        6.1 Product Portfolio Analysis
                        6.2 Operational Integration
                        6.3 Porter’s Five Forces Analysis
                                    • Competitive Rivalry
                                    • Bargaining Power of Buyers
                                    • Bargaining Power of Suppliers
                                    • Threat of Substitutes
                                    • Threat of New Entrants
                        6.4 Market Share Analysis

            7. Opportunities & Strategic Analysis

                        7.1 Value Chain Analysis
                        7.2 Growth Opportunity Analysis
                                    7.2.1 Growth Opportunities by Product
                                    7.2.2 Growth Opportunities by Animal Type
                        7.3 Emerging Trends in the Animal Vaccine Market in China
                        7.4 Strategic Analysis
                                    7.4.1 New Product Development
                                    7.4.2 Certification and Licensing
                                    7.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

            8. Company Profiles of the Leading Players Across the Value Chain

                        8.1 Competitive Analysis
                        8.2 Company 1
                                    • Company Overview
                                    • Animal Vaccine Market in China Business Overview
                                    • New Product Development
                                    • Merger, Acquisition, and Collaboration
                                    • Certification and Licensing
                        8.3 Company 2
                                    • Company Overview
                                    • Animal Vaccine Market in China Business Overview
                                    • New Product Development
                                    • Merger, Acquisition, and Collaboration
                                    • Certification and Licensing
                        8.4 Company 3
                                    • Company Overview
                                    • Animal Vaccine Market in China Business Overview
                                    • New Product Development
                                    • Merger, Acquisition, and Collaboration
                                    • Certification and Licensing
                        8.5 Company 4
                                    • Company Overview
                                    • Animal Vaccine Market in China Business Overview
                                    • New Product Development
                                    • Merger, Acquisition, and Collaboration
                                    • Certification and Licensing
                        8.6 Company 5
                                    • Company Overview
                                    • Animal Vaccine Market in China Business Overview
                                    • New Product Development
                                    • Merger, Acquisition, and Collaboration
                                    • Certification and Licensing

            9. Appendix

                        9.1 List of Figures
                        9.2 List of Tables
                        9.3 Research Methodology
                        9.4 Disclaimer
                        9.5 Copyright
                        9.6 Abbreviations and Technical Units
                        9.7 About Us
                        9.8 Contact Us

                                           List of Figures

            Chapter 1

                        Figure 1.1: Trends and Forecast for the Animal Vaccine Market in China

            Chapter 2

                        Figure 2.1: Usage of Animal Vaccine Market in China
                        Figure 2.2: Classification of the Animal Vaccine Market in China
                        Figure 2.3: Supply Chain of the Animal Vaccine Market in China

            Chapter 3

                        Figure 3.1: Driver and Challenges of the Animal Vaccine Market in China

            Chapter 4

                        Figure 4.1: Animal Vaccine Market in China by Product in 2019, 2024, and 2031
                        Figure 4.2: Trends of the Animal Vaccine Market in China ($B) by Product
                        Figure 4.3: Forecast for the Animal Vaccine Market in China ($B) by Product
                        Figure 4.4: Trends and Forecast for Attenuated Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.5: Trends and Forecast for Inactivated Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.6: Trends and Forecast for Subunit Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.7: Trends and Forecast for Toxoid Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.8: Trends and Forecast for Conjugate Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.9: Trends and Forecast for Recombinant Vaccines in the Animal Vaccine Market in China (2019-2031)
                        Figure 4.10: Trends and Forecast for DNA Vaccines in the Animal Vaccine Market in China (2019-2031)

            Chapter 5

                        Figure 5.1: Animal Vaccine Market in China by Animal Type in 2019, 2024, and 2031
                        Figure 5.2: Trends of the Animal Vaccine Market in China ($B) by Animal Type
                        Figure 5.3: Forecast for the Animal Vaccine Market in China ($B) by Animal Type
                        Figure 5.4: Trends and Forecast for Companion Animal in the Animal Vaccine Market in China (2019-2031)
                        Figure 5.5: Trends and Forecast for Livestock Animal in the Animal Vaccine Market in China (2019-2031)
                        Figure 5.6: Trends and Forecast for Aquaculture in the Animal Vaccine Market in China (2019-2031)

            Chapter 6

                        Figure 6.1: Porter’s Five Forces Analysis of the Animal Vaccine Market in China
                        Figure 6.2: Market Share (%) of Top Players in the Animal Vaccine Market in China (2024)

            Chapter 7

                        Figure 7.1: Growth Opportunities for the Animal Vaccine Market in China by Product
                        Figure 7.2: Growth Opportunities for the Animal Vaccine Market in China by Animal Type
                        Figure 7.3: Emerging Trends in the Animal Vaccine Market in China

                                           List of Tables

            Chapter 1

                        Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Animal Vaccine Market in China by Product and Animal Type
                        Table 1.2: Animal Vaccine Market in China Parameters and Attributes

            Chapter 3

                        Table 3.1: Trends of the Animal Vaccine Market in China (2019-2024)
                        Table 3.2: Forecast for the Animal Vaccine Market in China (2025-2031)

            Chapter 4

                        Table 4.1: Attractiveness Analysis for the Animal Vaccine Market in China by Product
                        Table 4.2: Size and CAGR of Various Product in the Animal Vaccine Market in China (2019-2024)
                        Table 4.3: Size and CAGR of Various Product in the Animal Vaccine Market in China (2025-2031)
                        Table 4.4: Trends of Attenuated Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.5: Forecast for Attenuated Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.6: Trends of Inactivated Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.7: Forecast for Inactivated Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.8: Trends of Subunit Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.9: Forecast for Subunit Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.10: Trends of Toxoid Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.11: Forecast for Toxoid Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.12: Trends of Conjugate Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.13: Forecast for Conjugate Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.14: Trends of Recombinant Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.15: Forecast for Recombinant Vaccines in the Animal Vaccine Market in China (2025-2031)
                        Table 4.16: Trends of DNA Vaccines in the Animal Vaccine Market in China (2019-2024)
                        Table 4.17: Forecast for DNA Vaccines in the Animal Vaccine Market in China (2025-2031)

            Chapter 5

                        Table 5.1: Attractiveness Analysis for the Animal Vaccine Market in China by Animal Type
                        Table 5.2: Size and CAGR of Various Animal Type in the Animal Vaccine Market in China (2019-2024)
                        Table 5.3: Size and CAGR of Various Animal Type in the Animal Vaccine Market in China (2025-2031)
                        Table 5.4: Trends of Companion Animal in the Animal Vaccine Market in China (2019-2024)
                        Table 5.5: Forecast for Companion Animal in the Animal Vaccine Market in China (2025-2031)
                        Table 5.6: Trends of Livestock Animal in the Animal Vaccine Market in China (2019-2024)
                        Table 5.7: Forecast for Livestock Animal in the Animal Vaccine Market in China (2025-2031)
                        Table 5.8: Trends of Aquaculture in the Animal Vaccine Market in China (2019-2024)
                        Table 5.9: Forecast for Aquaculture in the Animal Vaccine Market in China (2025-2031)

            Chapter 6

                        Table 6.1: Product Mapping of Animal Vaccine Market in China Suppliers Based on Segments
                        Table 6.2: Operational Integration of Animal Vaccine Market in China Manufacturers
                        Table 6.3: Rankings of Suppliers Based on Animal Vaccine Market in China Revenue

            Chapter 7

                        Table 7.1: New Product Launches by Major Animal Vaccine Market in China Producers (2019-2024)
                        Table 7.2: Certification Acquired by Major Competitor in the Animal Vaccine Market in China

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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