Newly-released Aquaculture Vaccines Market industry analysis report by Future Market Insights shows that global sales of the Aquaculture Vaccines Market in 2022 were held at US$ 374.9 Million. With 8.5%, the projected market growth from 2023 to 2033 is expected to be higher than the historical growth. The Injected Vaccines are expected to be the significant revenue-generating segment, expected to account for a CAGR of 8.6% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Aquaculture Vaccines Market (2023) | US$ 406 Million |
| Global Aquaculture Vaccines Market (2033) | US$ 913.6 Million |
| Global Aquaculture Vaccines Market CAGR (2023 to 2033) | 8.5% |
| U.S. Aquaculture Vaccines Market CAGR (2023 to 2033) | 8.1% |
| Key Companies Profiled |
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As per the Aquaculture Vaccines Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the Aquaculture Vaccines Market industry increased at around 8.1% CAGR, wherein, countries such as the USA., UK, China, Japan, and South Korea held a significant share in the global market.
Vaccines are used to prevent a number of diseases in companion animals, as well as terrestrial cattle. In the aquaculture industry, diseases occur more frequently and replicate fast. The most significant variables to expand aquatic animal healthcare are general management and suitable husbandry, which include immunity, genetics, system management, nutrition, and water quality.
The ideal vaccination should be safe for the fish, the people vaccinating the fish, and the end-user, while also protecting against numerous diseases and assisting in the prevention of any sickness. It also provides long-term protection throughout the life cycle. Vaccines for aquaculture are produced in such a way that they are simple to use and may be used on a variety of fish species at the same time. One of the prime requirements of these vaccines is that they should be affordable, and must be licensed and registered with the FDA.
Vaccination of farmed fish provides considerable benefits in the fight against viral and bacterial infections while avoiding the negative side effects of medications. Antibiotic usage also leads to antibiotic resistance, which leads to a loss of aquaculture output and severe economic losses.
Antibiotics are no longer used in aquaculture operations in certain European nations, such as Norway. This has had a good impact on the market for aquaculture vaccinations, as well as minimizing the risk of antibiotic resistance. Furthermore, due to technological developments, the adoption of aquaculture vaccinations would grow as opposed to antibiotics, with the advent of DNA and subunit vaccines.
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The aquaculture vaccines market in North America is expected to grow at a CAGR of 8%. Key businesses like Zoetis Inc. and Merck & Co. are increasing their research and development investments, which is boosting regional industry revenue. Furthermore, government financing for the development of aquaculture vaccines will boost market share.
Throughout the projected period, Europe will continue to be one of the most lucrative markets for commercial aquaculture vaccinations. For instance, Norway is one of the prominent salmon exporters globally, owing to its supportive government and private-sector activities, increased human concerns about antibiotic resistance, and the presence of key players.
The Norwegian Medicines Agency has particular regulations and standards for autogenous vaccination applications. Furthermore, autogenous vaccinations should only be utilized in the event that commercial vaccines are unavailable or do not provide sufficient protection. Under the 7th Framework Program, the European Commission supported a large-scale collaborative project to support the aquaculture industry.
Asia-Pacific is another lucrative market for aquaculture where several aquatic species, such as tilapia, are produced in abundance. Due to factors such as rising demand for marine foods, a developing aquaculture industry, the availability of sufficient water resources across key countries, supportive government initiatives, and the growing practice of sustainable aquaculture, the market in the Asia Pacific is expected to grow significantly throughout the forecast period.
The market for aquaculture vaccines in the USA is expected to reach a market size of US$309 Million by 2033. The market in the country is expected to swell at a CAGR of 8.1% from 2023 to 2033, with an absolute dollar opportunity of US$ 167 Million.
The market in the U.K. is expected to reach a valuation of US$ 41 Million by 2033. Growing with a CAGR of 9.8% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of US$ 13.7 Million.
In Japan, the market is expected to grow at a CAGR of 8% from 2023 to 2033, reaching US$ 29 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 15.6 Million during the forecast period.
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In 2020, the inactivated vaccines held a significant market share of over 30%. Inactivated bacterial and viral vaccines are produced in huge numbers by fermenting disease-causing microorganisms. After that, inactivating chemicals like formalin are used to destroy all of the bacteria. Because they retain their basic shape, antigen properties, and structure, these inactivated organisms provoke an immunological response.
In 2020, the injected vaccines held a prominent market share of over 35%. Elanco's Apex-IHN is the first DNA vaccine to be approved in Canada for IHNV protection in healthy salmonid fish. Injectable Aquaculture Vaccines for protection against diseases such as vibriosis, furunculosis, winter sore, cold-water vibriosis, Infectious Salmon Anemia, and IPN, are a part of Zoetis' Alpha Ject portfolio.
During the projection period, revenue through oral vaccines is projected to grow at a CAGR of 8.7%. Oral immunization has several advantages over alternative delivery methods. The procedure is non-invasive, does not need handling of the fish, is simple to administer and can be used to immunize large groups of people. This contributes to the segment's expansion.
In 2020, the aquaculture vaccines market accounted for a share of over 43% through bacterial application. The USDA's Aquatic Animal Health Research has identified bacterial species from more than 20 genera as the causal agents of Aquatic illnesses. They have an impact on over 20 kinds of freshwater and marine fish. Aquatic infections cause enormous economic losses in the aquaculture business, with yearly losses estimated to be in the hundreds of millions of dollars.
During the projected period, the revenue through the viral application of aquaculture vaccines is expected to grow at a CAGR of around 9%. According to a report by the Responsible Use of Medicines in Agriculture Alliance (RUMA), the primary types of fish grown via aquaculture that are routinely vaccinated, are Atlantic salmon, rainbow trout, and Atlantic cod.
Companies in the commercial aquaculture vaccines industry are focusing on strategic acquisitions of new innovative firms and value chain alliances. Leading vaccine makers are working on the difficulties faced by aquaculture farmers and responding to their needs for sustainable fish aquaculture farming by releasing effective and easy-to-use commercial aquaculture vaccines. These initiatives are intended to help them increase their sales in the commercial aquaculture vaccines market around the world.
Some of the recent developments of key players in the Aquaculture Vaccines Market are as follows:
This collaboration is expected to provide Africa, Asia, and Latin America with a complete and novel spectrum of tilapia vaccinations. This strategy allowed the corporation to add value to its existing portfolio while also expanding its customer base into previously unexplored markets.
Similarly, recent developments related to companies offering Aquaculture Vaccines Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global aquaculture vaccines market is valued at US$ 406 million in 2023.
There are various vaccines used in aquaculture such as attenuated live vaccines, inactivated vaccines, subunit vaccines, DNA vaccines, and recombinant vaccines.
Asia Pacific is leading the aquaculture vaccines market.
The top five countries are Norway, Chile, Vietnam, China, and the United States.
Key trends shaping the market include rising demand for sustainable seafood and increased focus on disease prevention.
1. Executive Summary | Aquaculture Vaccines Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Million) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends & 4. Market Background 4.1. Market, by Key Countries 4.2. Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Growth in Automation, By Country 4.5.3. Patch Management Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Patch Management Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6.1. Historical Market Analysis, 2018 to 2022 6.2. Current and Future Market Projections, 2023 to 2033 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Product Type, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033 8.3.1. Attenuated Live Vaccines 8.3.2. Inactivated Vaccines 8.3.3. Subunit Vaccines 8.3.4. DNA Vaccines 8.3.5. Recombinant Vaccines 8.4. Market Attractiveness Analysis By Product Type 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Route of Administration 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Route of Administration, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Route of Administration, 2023 to 2033 9.3.1. Oral 9.3.2. Injected 9.3.3. Immersion & Spray 9.4. Market Attractiveness Analysis By Route of Administration 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By Application, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2023 to 2033 10.3.1. Bacterial 10.3.2. Viral 10.3.3. Parasitic 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 11.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. Asia Pacific 11.3.5. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Country 12.4.1.1. United States of America 12.4.1.2. Canada 12.4.1.3. Rest of North America 12.4.2. By Product Type 12.4.3. By Application 12.4.4. By Route of Administration 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product Type 12.5.3. By Application 12.5.4. By Route of Administration 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Country 13.4.1.1. Brazil 13.4.1.2. Mexico 13.4.1.3. Argentina 13.4.1.4. Chile 13.4.1.5. Colombia 13.4.1.6. Peru 13.4.1.7. Ecuador 13.4.1.8. Rest of Latin America 13.4.2. By Product Type 13.4.3. By Application 13.4.4. By Route of Administration 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.5.3. By Application 13.5.4. By Route of Administration 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Country 14.4.1.1. Germany 14.4.1.2. France 14.4.1.3. United Kingdom 14.4.1.4. Italy 14.4.1.5. Spain 14.4.1.6. Norway 14.4.1.7. Denmark 14.4.1.8. Ireland 14.4.1.9. Rest of Europe 14.4.2. By Product Type 14.4.3. By Application 14.4.4. By Route of Administration 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.5.3. By Application 14.5.4. By Route of Administration 15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.1.4. Taiwan 15.4.1.5. Indonesia 15.4.1.6. Malaysia 15.4.1.7. Singapore 15.4.1.8. Thailand 15.4.1.9. Philippines 15.4.1.10. Vietnam 15.4.1.11. Rest of Asia Pacific 15.4.2. By Product Type 15.4.3. By Application 15.4.4. By Route of Administration 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By Application 15.5.4. By Route of Administration 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Country 16.4.1.1. Saudi Arabia 16.4.1.2. South Africa 16.4.1.3. Israel 16.4.1.4. Rest of Middle East and Africa 16.4.2. By Product Type 16.4.3. By Application 16.4.4. By Route of Administration 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By Application 16.5.4. By Route of Administration 17. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.2.2.1. By Product Type 17.2.2.2. By Application 17.2.2.3. By Route of Administration 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.3.2.1. By Product Type 17.3.2.2. By Application 17.3.2.3. By Route of Administration 17.4. Mexico Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.4.2.1. By Product Type 17.4.2.2. By Application 17.4.2.3. By Route of Administration 17.5. Brazil Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.5.2.1. By Product Type 17.5.2.2. By Application 17.5.2.3. By Route of Administration 17.6. Germany Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.6.2.1. By Product Type 17.6.2.2. By Application 17.6.2.3. By Route of Administration 17.7. France Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.7.2.1. By Product Type 17.7.2.2. By Application 17.7.2.3. By Route of Administration 17.8. Italy Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.8.2.1. By Product Type 17.8.2.2. By Application 17.8.2.3. By Route of Administration 17.9. Spain Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.9.2.1. By Product Type 17.9.2.2. By Application 17.9.2.3. By Route of Administration 17.10. UK Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.10.2.1. By Product Type 17.10.2.2. By Application 17.10.2.3. By Route of Administration 17.11. Norway Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.11.2.1. By Product Type 17.11.2.2. By Application 17.11.2.3. By Route of Administration 17.12. China Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.12.2.1. By Product Type 17.12.2.2. By Application 17.12.2.3. By Route of Administration 17.13. Japan Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.13.2.1. By Product Type 17.13.2.2. By Application 17.13.2.3. By Route of Administration 17.14. South Korea Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.14.2.1. By Product Type 17.14.2.2. By Application 17.14.2.3. By Route of Administration 17.15. Saudi Arabia Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.15.2.1. By Product Type 17.15.2.2. By Application 17.15.2.3. By Route of Administration 17.16. South Africa Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.16.2.1. By Product Type 17.16.2.2. By Application 17.16.2.3. By Route of Administration 17.17. Israel Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2022 17.17.2.1. By Product Type 17.17.2.2. By Application 17.17.2.3. By Route of Administration 17.17.3. Competition Landscape and Player Concentration in the Country 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 18.4.1. By Regional footprint of Players 18.4.2. Product footprint by Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. IBM 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Sales Footprint 19.3.1.4. Strategy Overview 19.3.2. SYMANTEC 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Sales Footprint 19.3.2.4. Strategy Overview 19.3.3. MICRO FOCUS 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Sales Footprint 19.3.3.4. Strategy Overview 19.3.4. QUALYS 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Sales Footprint 19.3.4.4. Strategy Overview 19.3.5. SOLARWINDS 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Sales Footprint 19.3.5.4. Strategy Overview 19.3.6. IVANTI 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Sales Footprint 19.3.6.4. Strategy Overview 19.3.7. MANAGEENGINE 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Sales Footprint 19.3.7.4. Strategy Overview 19.3.8. CONNECTWISE 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Sales Footprint 19.3.8.4. Strategy Overview 19.3.9. AVAST 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Sales Footprint 19.3.9.4. Strategy Overview 19.3.10. AUTOMOX 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Sales Footprint 19.3.10.4. Strategy Overview 20. Assumptions and Acronyms Used 21. Research Methodology
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Aquaculture Vaccines Market
