Press release
Commercial Aquaculture Vaccines Market Protecting Our Food Supply Vaccinating for a Healthy Future
Commercial Aquaculture Vaccines Market to Record an Exponential CAGR by 2030 - Exclusive Report by InsightAce AnalyticInsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Commercial Aquaculture Vaccines Market- by Pathogen Types (Bacteria and Viruses), Fish Species (Salmon, Tilapia, Bream, Labris Bergylta, Cyprinus Carpio, Sea Bass, Trout, and Cyclopterus Lumpur), End-Users (Fish Farming Companies and Aquatic Research Institute), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
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According to the latest research by InsightAce Analytic, the global Commercial Aquaculture Vaccines market is is expected to show a CAGR of 7.3% during a forecast period of 2024-2031.
Aquaculture: A Growing Industry Reliant on Vaccination
Aquaculture, the practice of raising fish, shrimp, mollusks, and other aquatic animals, is the world's fastest-growing food production sector. It plays a significant role in global food security. Vaccination is a crucial component of successful commercial aquaculture, providing the most effective strategy to combat viral and bacterial diseases.
The rise of commercial aquaculture vaccines stems from the limitations of antibiotic treatments. Antibiotic overuse has led to severe problems like bacterial drug resistance, toxicity in farmed animals, and antibiotic residues in seafood. In contrast, commercially available vaccines are approved treatments that safely stimulate a protective immune response in aquatic animals.
Increased Disease Challenges Drive Vaccine Demand
The rapid growth of aquaculture has intensified the need for optimal farming conditions. However, this intensification also increases the susceptibility of farmed aquatic species to viral and infectious diseases. The escalating frequency of infections and emergence of new diseases pose significant economic challenges for aquaculture producers. This trend is expected to further propel the global demand for commercial aquaculture vaccines.
Shifting Paradigms in Disease Control
The veterinary healthcare industry recognizes the critical role of aquaculture vaccines, particularly in tropical and subtropical regions. The growing demand for vaccines is further fueled by the increasing resistance to various antibiotics and chemotherapeutic drugs used in traditional aquaculture treatments.
The Rise of DNA Vaccines: A Promising New Frontier
A recent innovation in the commercial aquaculture vaccine market is the development and commercialization of third-generation DNA vaccines targeting aquatic diseases. These vaccines hold promise for long-term immune protection and are believed to be safer and more stable compared to traditional vaccines.
Overall,
the rise of aquaculture, coupled with the limitations of antibiotic treatments and the emergence of new diseases, creates a strong growth market for commercial aquaculture vaccines. The development of innovative DNA vaccines further strengthens the future prospects of this market segment within the veterinary healthcare industry.
Over the forecast years, Europe is anticipated to be the major contributor to the Commercial Aquaculture Vaccines market. Norway is the largest salmon exporter in the region. Supportive government and business sector activities, growing public concern about the prevalence of antibiotic resistance, and the presence of important companies are the main drivers driving this regional market.
Applications for autogenous vaccines are subject to special rules and recommendations from the Norwegian Medicines Agency. In addition, the Asia Pacific Commercial Aquaculture Vaccines market is expected to grow significantly during the forecast period. Due to the rising demand, a thriving aquaculture business, encouraging government initiatives, the availability of sufficient water resources in many countries, and a movement toward sustainable aquaculture, among other things. Several aquatic species, including tilapia, are abundant in this area.
Major market players operating in the Commercial Aquaculture Vaccines market include
(Ridgeway Biologicals Ltd), Ceva Biovac, Zoetis (PHARMAQAS), MARINNOVAC (AQUATRECK ANIMAL HEALTH S.L.), Vaxxinova, HIPRA, AniCon Labor GmbH, Sanphar (ipeve), Barramundi Asia Pte Ltd.(UVAXX Asia), Kennebec River Biosciences, and other Prominent Players.
Recent collaborations and agreements in the market:
• In December 2020, Elanco gained approval from the European Commission to acquire Bayer Animal Health for US$5.17 billion, making it the second-largest animal health company in the world. The company's innovation, portfolio, and product strategy are anticipated to be strengthened and expedited by the combined business.
• In August 2020, Acquiring IdentiGEN was Merck. The company's line of livestock and aquaculture goods was expanded.
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Market Segments
Global Commercial Aquaculture Vaccines Market, by Pathogen Types, 2022-2030 (Value US$ Mn)
• Bacteria
• Virus
Global Commercial Aquaculture Vaccines Market, by Fish Species, 2022-2030 (Value US$ Mn)
• Salmon
• Tilapia
• Bream
• Labris Bergylta
• Cyprinus Carpio
• Sea Bass
• Trout
• Cyclopterus Lumpus
Global Commercial Aquaculture Vaccines Market, by End-Users, 2022-2030 (Value US$ Mn)
• Fish Farming Companies
• Aquatic Research Institute
Global Commercial Aquaculture Vaccines Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Commercial Aquaculture Vaccines Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Commercial Aquaculture Vaccines Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Commercial Aquaculture Vaccines Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Commercial Aquaculture Vaccines Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Commercial Aquaculture Vaccines Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Commercial Aquaculture Vaccines market
To receive an industry overview and future trends of the Commercial Aquaculture Vaccines market
To analyze the Commercial Aquaculture Vaccines market drivers and challenges
To get information on the Commercial Aquaculture Vaccines market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Commercial Aquaculture Vaccines market industry
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