The estimated size of the bacterial diagnostics in aquaculture market in 2022 was USD 3,811.5 million and is anticipated to be USD 4,024.7 million in 2023.
The increase in demand for seafood in aquaculture is considered to have significant growth in the food production sector in the world and this growth can be attributed to the rising demand for seafood, especially in developing countries.
As per FMI analysts, the bacterial diagnostics in aquaculture market is anticipated to expand at a CAGR of 7.0% between 2023 and 2033, totaling around USD 7,948.6 million by 2033.
Bacterial diagnostics in aquaculture market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. In addition, new competitors are offering a variety of options at reasonable pricing to fulfill the demand for bacterial diagnostics in aquaculture, making it accessible to customers in the global bacterial diagnostics in aquaculture market.
Carp is the dominant animal type in terms of sales of bacterial diagnostics in aquaculture since carps are the most produced aquatic species in the market. Due to the strong demand for mackerel, which is a rich source of fatty acids, it is the second most dominant sector in the bacterial diagnostics in aquaculture market by animal type.
Sales of bacterial diagnostics in aquaculture are expected to rise significantly. Moreover, increasing sales of bacterial diagnostics in aquaculture is also projected to contribute to the growth of bacterial diagnostics in aquaculture market share.
Manufacturers in the bacterial diagnostics in aquaculture market get a big platform from which to serve the whole demand for bacterial diagnostics in aquaculture. Further, the worldwide sales of bacterial diagnostics in aquaculture market are seeing increased competition.
New competitors are offering a variety of options at reasonable pricing, fulfilling the demand for bacterial diagnostics in aquaculture accessible to customers with growing competition. Since molecular methods are the widely used and reliable way to demand bacterial diagnostics in aquaculture among other diagnostic techniques, this segment is estimated to dominate the bacterial diagnostics in aquaculture market by technology.
Multiplex PCR is a prominent and unique approach in the sales of bacterial diagnostics in aquaculture. Also, the demand for bacterial diagnostics in aquaculture is expected to increase strength throughout the projection period.
PCR methods are cost-effective and user-friendly compared to electron microscopy. Hence, they are more commonly accepted in the bacterial diagnostics in aquaculture market than electron microscopy.
Aquasol Corporation, Ziva Impex Pvt Ltd., Aquatic Diagnostics Ltd, Mologic, Biogenuix, Auro Biotechnologies, Enasis Indonesia, Thermo Fisher Scientific, LexaGene, Myron L and others are some of the leading participants in the bacterial diagnostics in aquaculture market.
Attributes | Details |
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Projected Forecast Value (2022) | USD 3,811.5 million |
Projected Forecast Value (2023) | USD 4,024.7 million |
Projected Forecast Value (2033) | USD 7,948.6 million |
Growth rate | 7.0% CAGR |
Forecast period | 2023 to 2033 |
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The global bacterial diagnostics in aquaculture market expanded at a CAGR of 4.6% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 7.0% from 2023 to 2033.
The bacterial diagnostics market witnesses significant technological advancements, with new products that are being launched regularly into the marketplace. Further, these innovations have helped in boosting growth in the market by developing diagnostic tests that are accurate and easy to use.
The surge in the need and demand for compounded meals leads to the maintenance of aquatic species' health, which results in fueling market growth. Moreover, growing awareness about the growth of antibiotics in aquaculture acts as the market growth determinant.
The Significant Expansion of Infectious Illnesses in Aquaculture
Bacterial diagnostics in aquaculture market has a lot of promise in terms of contributing to food security and nutrition. Furthermore, notably expanding infectious illnesses in aquaculture may raise the demand for bacterial diagnostics in aquaculture. Additionally, the regional government's adoption of a health management program for aquatic animals may lead to an increase in demand for bacterial diagnostics in aquaculture.
Increase in the Need for Nutritious Food and Medical Products
In the next 4-5 years, the increased need for nutritious food and medical products from aquaculture is predicted to boost the sales of bacterial diagnostics in aquaculture. In the approaching days, the implementation of innovative diagnostic methods combined with sophisticated technology may enhance the sales of bacterial diagnostics in aquaculture.
Development of Appropriate Diagnostic Methods for Pathogen Detection
The most significant issue with the demand for bacterial diagnostics in aquaculture is the development of appropriate diagnostic methods for pathogen detection. Further, the public's awareness of bacterial diagnostics in aquaculture and its financial effect might aid to constrain the sales of bacterial diagnostics in aquaculture in the future.
New water purification techniques, the use of probiotics in feed, and antibiotic treatment of bacterial diagnostics in aquaculture may function as stifling factors in the bacterial diagnostics in aquaculture market.
Region/Country | The United States |
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Key Growth Factors |
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Key Statistic | Captured a market share of 23.3% in 2022. |
Region/Country | North America |
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Key Growth Factors |
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Key Statistic | Attributed a market share of 30.1% in 2022. |
Region/Country | Germany |
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Key Growth Factors |
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Key Statistic | Estimated to record a 4.1% CAGR from 2023 to 2033. |
Region/Country | Europe |
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Key Growth Factors |
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Key Statistic | Develop a market share of 24.3% in 2022. |
Region/Country | China |
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Key Growth Factors |
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Key Statistic | Estimated to develop an 8.2% CAGR from 2023 to 2033. |
Region/Country | India |
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Key Growth Factors |
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Key Statistic | Registered to develop a 9.9% CAGR from 2023 to 2033. |
Category | Aquatic animal |
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Sub Category | Carp |
Key Developments |
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Key Statistics | Secured a market share of 21.4% in 2022. |
Category | Technique |
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Sub Category | Molecular diagnostics |
Key Developments |
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Key Statistics | Registered a market share of 37.2% in 2022. |
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Key players in the bacterial diagnostics in aquaculture market focus on research and development for new product designs Also, manufacturers strive to provide cutting-edge technology along with reliable and durable bacterial diagnostics in aquaculture. Furthermore, many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.
Aquasol Corporation, Ziva Impex Pvt Ltd., Aquatic Diagnostics Ltd, Mologic, Biogenuix, Auro Biotechnologies, Enasis Indonesia, Thermo Fisher Scientific, LexaGene, Myron L, and others are some of the leading participants in the bacterial diagnostics in aquaculture market.
Key Players | Aquasol Corporation |
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New Developments |
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Year | In June 2023 |
Key Players | Biogenuix |
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New Developments |
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Year | In November 2022 |
Report Attributes | Details |
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Growth rate | CAGR of 7% from 2023 to 2033 |
Base year for estimation | 2022 |
Historical data | 2018 to 2022 |
Forecast period | 2023 to 2033 |
Quantitative units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis. |
Segments covered | Aquatic Animal Type, Technique, Distribution Channel, Region |
Regional scope | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Country scope | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC countries, South Africa, Israel, Rest of the Middle East and Africa |
Key companies profiled | Aquasol Corporation; Ziva Impex Pvt Ltd.; Aquatic Diagnostics Ltd; Mologic; Biogenuix; Auro Biotechnologies; Enasis Indonesia; Thermo Fisher Scientific; LexaGene; Myron L and others. |
Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. |
The market is expected to expand at a CAGR of 7% through 2033.
Demand for compounded meals and awareness about antibiotics in aquaculture.
China and India are exhibiting high growth rate in the market.
Integration of sophisticated technology with innovative diagnostic methods.
Key players are employing collaborations and partnerships as effective strategies.
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