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Commercial Aquaculture Vaccines Market Exclusive Trends Analysis with Forecast to 2031
According to the latest research by InsightAce Analytic, the global Commercial Aquaculture Vaccines Market Size is valued at 371.7 Million in 2022 and is predicted to reach 694.9 Million by the year 2031 at a 7.3 % CAGR during the forecast period for 2023-2031.
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Aquaculture refers to the cultivation of aquatic organisms such as shrimp, mollusks, fish, tilapia, and sea bass in controlled water environments. It represents one of the most profitable segments within the global food industry. Vaccination plays a crucial role in commercial aquaculture by helping to prevent the spread of bacterial and viral infections among aquatic species.
Aquaculture has been identified as the world's fastest-growing food-producing sector. The expanded production of aquatic species has resulted in a variation in ideal culture conditions, greater vulnerability to infectious / viral illnesses, and increased demand for commercial aquaculture vaccines. The rising incidence of disease profiles across aquatic species has become more difficult because of increased frequencies of infections and developing diseases, resulting in severe economic losses. This trend is expected to drive the global need for commercial aquaculture vaccines. This scenario has compelled a shift in disease control paradigms in aquaculture production.
According to the veterinary healthcare business, aquaculture vaccinations are in high demand in tropical and subtropical countries. Resistance to several antibiotics and chemotherapeutic drugs contributes to a rise in vaccine demand. Third-generation DNA vaccine development and commercialization against aquatic infections is a new research and development effort in the commercial aquaculture vaccines market. DNA vaccines are thought to be particularly successful in terms of long-term immune protection. Furthermore, DNA commercial aquaculture vaccinations are safer and more stable, according to scientific findings.
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.
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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$5.17 billion, making it the second-largest animal health company in the world. The company's innovation, portfolio, and product strategy are anticipated to be strengthened and expedited by the combined business.
• In August 2020, Acquiring IdentiGEN was Merck. The company's line of livestock and aquaculture goods was expanded.
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Market Segments
Global Commercial Aquaculture Vaccines Market, by Pathogen Types, 2023-2031 (Value US$ Mn)
• Bacteria
• Virus
Global Commercial Aquaculture Vaccines Market, by Fish Species, 2023-2031 (Value US$ Mn)
• Salmon
• Tilapia
• Bream
• Labris Bergylta
• Cyprinus Carpio
• Sea Bass
• Trout
• Cyclopterus Lumpus
Global Commercial Aquaculture Vaccines Market, by End-Users, 2023-2031 (Value US$ Mn)
• Fish Farming Companies
• Aquatic Research Institute
Global Commercial Aquaculture Vaccines Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Commercial Aquaculture Vaccines Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Commercial Aquaculture Vaccines Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Commercial Aquaculture Vaccines Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Commercial Aquaculture Vaccines Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Commercial Aquaculture Vaccines Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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