Global Green, Inc. Focused on $5.4 Billion Veterinary Vaccine Market
July 25, 2012 11:00 ET
Global Green, Inc. Focused on $5.4 Billion Veterinary Vaccine Market
Poultry Vaccine Market Is Subsegment of Market Directly Targeted
TALLAHASSEE, FL--(Marketwire - Jul 25, 2012) - Global Green, Inc. (
The global market for Veterinary Vaccines is forecast to reach $5.4 billion by the year 2015, according to Global Industry Analysts, Inc.
The veterinary vaccine market includes many segments: companion animal vaccines (canine vaccines and feline vaccines) and livestock vaccines (porcine vaccines, bovine vaccines, poultry vaccines, ovine vaccines, equine vaccines) and other animal vaccines. Livestock vaccines represent the largest product group in the veterinary vaccines market, according to Global Industry Analysts, Inc. Currently, Global Green is focusing on the use of Salmogenics on a subsegment of livestock vaccines, poultry vaccines.
Key factors driving growth in this segment include the growing number of diseases in animals, increasing public awareness of the issue, and technological advancements in biotechnology research. Further, the ability of the vaccines to promote growth, develop immunity against diseases and lower the rate of mortality in the animals is driving sales of veterinary vaccines.
Salmogenics substantially reduces Salmonella in poultry, a significant protein source for much of the world's population. Per-capita consumption of chicken in the U.S. is increasing after three years of decline driven by the economic recession, reduced domestic availability due to exports and increased feed costs, according to the National Chicken Council.
"Global Green's growth strategies are focused on identifying market segments and geographic markets poised for strong growth," commented Dr. Mehran Ghazvini, Chairman and CEO.
According to the World Health Organization, which last compiled data in 2005, Salmonella in the U.S. accounts for 168,000 hospital visits, 15,000 hospitalizations, and 580 human deaths each year. Salmonella is a public health burden estimated to reach an annual cost of $3 billion. Poultry is a known to be a major global reservoir of the Salmonella bacteria.
Salmogenics fights multiple strains of Salmonella bacteria in poultry. The vaccine is unique in that it is injected directly into the egg, before the chick is hatched, improving the immune system, health and welfare of the chicken, and providing a healthier source of protein for humans in a cost effective manner.
Global Green, Inc. is a green pharmaceutical company committed to identifying technology platforms and commercializing products that contain natural organisms that are not genetically modified, utilizing pharmaceutical standards. Salmogenics, the Company's flagship product, was developed by Nutritional Health Institute Laboratories, LLC, a research affiliate and majority shareholder. The vaccine is currently in the final stage of the USDA approval process. For more information, visit [ www.globalgreeninc.org ].
Forward-Looking Statement
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