Aquaculture Vaccines Market 2021 Analysis Of Industry Strengths And Challenges During The COVID-19

Precision Business Insights published a research report on “Aquaculture Vaccines Market By Vaccine Type (Inactivated Vaccine, Attenuated Live Vaccine, DNA Vaccine, and Others), By Application (Bacterial Infection, Viral Infection, Combined Bacterial and Viral Infections, and Others), By Route of Administration (Immersion Vaccines, Injection Vaccines, and Oral Vaccines), By Species (Salmon, Seabass and Seabream, Tilapia, Trout, Turbot, and Carp), and Geography - Global/Region/Country Forecast to 2027”.

Aquaculture has been dubbed the world's fastest-growing food producing sector. The widespread production of aquatic species has resulted in a wide range of ideal culture conditions, resulting in increased vulnerability to infectious and viral illnesses, driving demand for commercial aquaculture vaccines. Increased bacterial illness and zoonotic infection incidence is a key stumbling block to successful fish aquaculture operations. Commercial aquaculture vaccines have shown to be a better option to antibiotics for use in fish aquaculture farming, as antibiotic treatments have raised concerns about bacterial drug resistance, toxicity, and residues of antibiotic residue in aquaculture food.

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The market is likely to be driven by high aquaculture production, a high prevalence of infectious illnesses in the aquaculture sector, and rising demand for aquatic animal-derived food items. The industry has seen a shift away from live attenuated vaccines to DNA vaccines, and it is quickly accepting recombinant vaccines as well. Many major companies in the aquaculture vaccines business, as well as other animal and human health markets, redirected resources to produce crucial products and supplies. For example, Zoetis reported a 13 percent increase in revenue in the third quarter of the prior year during its Q3 results release. The recently released companion animal parasiticide medication, as well as Zoetis' important dermatology portfolio, drove the result. The corporation increased its inventory for all areas of supply chain components in response to COVID-19. Following that, inventory was distributed to market-specific warehouses. This has a negative impact. Effective and safe vaccination programmes are critical instruments for ensuring the aquaculture sector's long-term viability and helping to fulfil the world's growing protein demand. Aquaculture is largely regarded as one of the most important weapons in the fight against world hunger and malnutrition. To reach its full potential, the aquaculture industry will need to offer a diverse range of high-value products for global markets, as well as a plentiful supply of low-cost fish for local consumption in the global south.

On the basis Product, the market is divided into Inactivated Vaccines and DNA Vaccines. On the basis of Route Of Administration, the market is segregated into Injected, Oral. On the basis of Application, the market is classified into Bacterial and Viral.

Due to factors such as rising demand, a developing aquaculture industry, supportive government initiatives, the availability of sufficient water resources in many countries, and a trend toward sustainable aquaculture, the Asia Pacific market is expected to grow significantly throughout the forecast period. Several aquatic species, such as tilapia, are produced in abundance in the region.

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Some of the major key players in the Aquaculture Vaccines Market are Zoetis (Pharamq), Merck Animal Health, Hipra, Tecnovax SA, Veterquimica S.A., Nisseiken Co., Ltd., Virbac, Phibro Animal Health, Elanco

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