Aquaculture Healthcare Market worth USD 1.6 billion by 2031 | Alltech, Elanco, Bayer CropScience Limited, Merck , Virbac S.A., ADM, Pfizer

The global Aquaculture Healthcare Market was valued at USD 1.3 billion in 2021 and it is anticipated to grow up to USD 1.6 billion by 2031, at a CAGR of 1.8% during the forecast period.

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Aquaculture healthcare is the medical care and treatment of fish and other aquatic animals in aquaculture settings. This includes both preventive measures to maintain the health of the animals and treatment of sick or injured animals. Aquaculture healthcare is a vital part of ensuring the welfare of the animals and the quality of the products produced. Aquaculture healthcare is a growing field as the aquaculture industry continues to expand. Aquaculture facilities are found in many parts of the world and are an important source of food and income for many people. With the right care, these facilities can provide a safe and healthy environment for the animals and the people who work with them.

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Major Players in the Global Aquaculture Healthcare Market
The key players in the market Benchmark Holdings Plc., Alltech, Elanco, Bayer CropScience Limited, Merck & Co. Inc., Virbac S.A., ADM, Pfizer, Inc., AKVA Group, and Apex Frozen Foods Ltd. among others.

Global Aquaculture Healthcare Market Segmentation

By Product

Drug
Vaccine
Medicated feed additives

By Species

Fishes
Crustaceans

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Market Trends and Drivers
Rising demand for fish proteins across the world will boost the aquaculture healthcare market growth

Fish is a good source of protein and micronutrients and is consumed all over the world. For instance, in 2018, according to Food and Agriculture Organization (FAO) of the United Nations, about 88 percent of the 179 million tonnes of total fish production was utilized for direct human consumption. Thus, growing demand for quality fish has led to overfishing and depletion of wild fisheries. This is significantly increasing the demand for farmed fish produce. A growing aquaculture market is noted to increase the demand for aquaculture healthcare products in tandem.

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