The Aquaculture Feed and Pharmaceutical Market Share is estimated to be reaching US$ 800 Million at a CAGR of 7.3% from 2025. With advanced digitization driving the healthcare industry, the concept of a “global village” has become a reality. As such, medical treatment could be sought to transcend the geographical barriers, which would form the focal point of the healthcare industry going forward.
A recent report published by Persistence Market Research prognosticates that the global market for aquaculture feed and pharmaceuticals would be valued at US$1,068.9 mn by 2025 registering a CAGR of 7.3% over 2017-2025.
The report, titled “Aquaculture Feed and Pharmaceutical Market: Global Industry Analysis 2012–2016 and Forecast 2017–2025,” portrays that the cumulative revenue generated by the market is projected to increase 1.8X over the forecast period from 2017-2025.
Planning Forward? Access Sample Of Aquaculture Feed And Pharmaceutical Market Report! https://www.persistencemarketresearch.com/samples/13387
Company Profiles
- Zoetis, Inc.
- Schouw & Co
- Ridley Corporation Ltd
- Merck & Co Inc
- Biomin Holding GmbH
- Aller Aqua A/S
- Nutriad Ltd.
- Alltech Inc.
- Avanti Feeds Ltd.
- Norel S.A.
- Cargill, Incorporated
- Beneo GmbH
- Skretting AS
- Novus International Inc.
- Growel Feeds Pvt. Ltd.
- Neovia Vietnam
- Evonik Industries AG
- Bayer AG
- Koninklijke DSM N.V
- Others
The paced development of new vaccines for aqua life and a rampant rise in the number of market players in this segment, especially in the developed countries like the U.S. and Canada, has augmented the global market for aquaculture feed and pharmaceuticals.
The global aquaculture feed and pharmaceutical market is categorized in the report on the basis of product types into pharmaceuticals and biologics and medicated feed. Of these, the segment of pharmaceuticals and biologics is expected to be the dominating one in terms of revenue, registering a CAGR of 7.7% over 2017-2025 to outdo all other product types.
Over the forecast period medicated feed is approximated to reach a CAGR of 6.6% in terms of revenue. On the front of market segmentation by species, shrimps and carps would fare the highest CAGR of 7.7% over 2017-2025.
On a geographical footing, Asia Pacific is forecasted to exhibit the highest CGPA of 7.6% amongst all other regional markets including Latin America, North America, Europe, and Middle East and Africa (MEA). Inland aquaculture is the most distinct avenue for the industry in Asia pacific and 66.6% fish is produced inland.
How About Revitalizing The Strategy-Oriented Funnel To Stay Ahead In The Aquaculture Feed And Pharmaceutical Market? https://www.persistencemarketresearch.co/methodology/13387
The most prominent driver that has propelled the global market for aquaculture feed and pharmaceuticals is the growing demand for R&D in the field. This has further eased the entry of drugs, medicated feed, and vaccines in regional markets of developed nations like the United States of America and Canada.
Owing to this, the aquaculture feed and pharmaceuticals industry has inorganically grown by liaising with key players. Moreover, if certain guidelines and compliance standards are met, there is no restriction on the use of extra-label drugs in the U.S., which could further fortify the market.
Measures to immune fishes against diseases is also a substantially effectual driver. Alongside this, aquaculture has become a vital source of food for human consumption, because of which various government initiatives are aiming to rid aqua life of the menace of diseases.
Planning To Introduce An Offbeat Product/Technology In The Aquaculture Feed And Pharmaceutical Market? Go To “Purchase Now” To Have Our Aquaculture Feed And Pharmaceutical Market Report! https://www.persistencemarketresearch.com/checkout/13387
The production of veterinary medicines and medicated feed is governed by different laws and policies across different countries. Each country is deemed to adhere to their production standards, which makes it difficult to forecast trends and estimate figures. Moreover, most veterinary treatments are relatively expensive, which discourage people from cultivating aquaculture.
The instances of lack of proper treatment and inability to diagnose diseases is also a shortfall for the aquaculture feed and pharmaceuticals market.
The growth of regional players in the market for aquaculture feed and pharmaceuticals has prompted the big companies to collaborate with them and reap the benefits of access to a larger set of consumers. There also lies an opportunity for market players to acquire regional players and thus optimize market share.
Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry
Related Reports:
Facial Injectable Market:
Increasing number of research and developmental activities is also expected to drive the growth of the facial injectable market. Development of advanced facial injectable with focus on stabilizing the main ingredients and cross linking with the gel medium so as to prolong the effect are the focus areas of the manufacturers.
Multiplex Detection Immunoassay Market:
The global multiplex detection immunoassay market is set to be valued at over US$ 2 Bn by 2019 end, with the market expected to exhibit a healthy CAGR during the forecast period (2019 – 2029).
Bone Mineral Densitometry BMD Market:
The global bone mineral densitometry (BMD) market was valued at US$ 310.6 Mn in 2020, and is expected to exhibit a CAGR of around 3.5% over the forecast period (2021 – 2031).
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com