InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Commercial Aquaculture Vaccines Market– By Trends, Industry Competition Analysis, Revenue and Forecast Till 2030”
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According to the latest research by InsightAce Analytic, the global Commercial Aquaculture Vaccines market size valued at US$ XX Million and it is expected to reach US$ XX Million in 2030, recording a promising CAGR of XX% during the period of 2019-2030. By region, Asia-Pacific dominates the market with share of XX% of global Commercial Aquaculture Vaccines market.
Commercial aquaculture vaccine is an alternative to antibiotic treatments. Vaccination would be the best option to reduce the bacterial and viral infections in the aquaculture. The demand of aquaculture vaccines market has been rising due the advancements in the field of fish farming. Modern and advance technologies, development and launch of new aquaculture vaccines for different species are enhancing the growth of aquaculture vaccines market.
Rising prevalence of bacterial infections among aquatic species is expected to boost demand for commercial aquaculture vaccines market over the forecast period. Additionally, increasing global consumption and production of aquatic species has heightened the aquaculture vaccines market opportunities. However, the COVID-19 pandemic has created negative impact on the aquaculture vaccines market. Also, rising awareness of animal to human pathogen transmission risks is expected to pull down the market for short period of time. Moreover, stringent regulatory policies for approval of aquaculture vaccines, complex manufacturing procedure of vaccines and high cost of vaccines will limit the growth of aquaculture vaccines market.
Main regions of this market are North America, Europe and Asia-Pacific. In the North America region, Canada market is one of the largest in the world. The country will grow due to increasing investments in the research and development of aquaculture vaccines by major players in Canada. Asia-Pacific market is expected to grow faster in the future due to the growing aquaculture industry and development in vaccination. China is the leading country of this region. On the other hand, Europe is also the largest market for commercial aquaculture vaccines, and Norway country plays the major role in this regional aquaculture vaccines market.
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Leading vaccine manufacturers are focusing mainly on the problems faced by aquaculture farmers and addressing their needs of sustainable fish aquaculture farming through the launch of effective and easy-to-use commercial aquaculture vaccines. These strategies are expected to help them expand their sales footprints in the commercial aquaculture vaccines industry, worldwide. In addition to this, companies are aiming at strategic acquisitions of new innovative companies and collaborations within the value chain.
For instance, in June 2020, Elanco acquired Bayer Animal Health (US$ 5.17 Bn deal), and become the world’s second-largest animal health company. This acquisition is expected to strengthen and accelerate the company’s innovation, portfolio, and product strategy in the commercial aquaculture vaccines space. Also, in 2020, HIPRA initiated to contribute and fight against the COVID-19 outbreak; the company has actively contributed toward human health with its research and manufacture of a COVID-19 vaccine.
Some of the key Players of commercial aquaculture vaccines market are IDT Biologika GmbH (Ridgeway Biologicals Ltd), MARINNOVAC (AQUATRECK ANIMAL HEALTH S.L.), Ceva Biovac, Zoetis (PHARMAQAS), Vaxxinova, Barramundi Asia Pte Ltd.(UVAXX Asia), HIPRA, AniCon Labor GmbH, Sanphar (ipeve), Kennebec River Biosciences, and other Prominent Players.
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Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Pathogen Types
- Bacteria
- Virus
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Fish Species
- Salmon
- Tilapia
- Bream
- Labris Bergylta
- Cyprinus Carpio
- Sea Bass
- Trout
- Cyclopterus Lumpus
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on End-Users
- Fish Farming companies
- Aquatic research institute
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Commercial Aquaculture Vaccines Market revenue (US$ Million) by Country, 2019 to 2030
- U.S.
- Canada
Europe Commercial Aquaculture Vaccines Market revenue (US$ Million) by Country, 2019 to 2030
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Commercial Aquaculture Vaccines Market revenue (US$ Million) by Country, 2019 to 2030
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Commercial Aquaculture Vaccines Market revenue (US$ Million) by Country, 2019 to 2030
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Commercial Aquaculture Vaccines Market revenue (US$ Million) by Country, 2019 to 2030
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for global commercial aquaculture vaccines market
- To receive industry overview and future trends of Commercial Aquaculture Vaccines market
- To analyse the Commercial Aquaculture Vaccines market drivers and challenges
- To get information on Commercial Aquaculture Vaccines market size value (US$ Mn) forecast till 2030
- Major Investments, Mergers & Acquisition in Commercial Aquaculture Vaccines market industry
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