According to a recently published industry analysis report by Future Market Insights, the Aquaculture Vaccines Market had worldwide sales of US$ 374.9 Million in 2022. The anticipated market growth between 2023 and 2033 is anticipated to be greater than historical growth, at 8.5%. The Injected Vaccines segment is anticipated to generate a sizable amount of revenue, with a CAGR of 8.6% from 2023 to 2033.
According to market research and competitive intelligence provider Future Market Insights’ analysis of the aquaculture vaccines market, from 2018 to 2022, the industry’s market value grew at a rate of about 8.1% CAGR, with the United States, the United Kingdom, China, Japan, and South Korea accounting for a sizeable portion of the global market.
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Many diseases in domestic animals and terrestrial cattle are prevented by vaccines. Diseases emerge more frequently and spread quickly in the aquaculture sector. The general administration and suitability of facilities are the most important factors to expand aquatic animal healthcare.
The ideal immunisation should guard against a wide range of diseases and aid in the avoidance of any illness while also being safe for the fish, the persons immunising the fish, and the end-user. Additionally, it offers continuous protection all through the life cycle. Aquaculture vaccines are made in a way that makes them easy to administer and allows for simultaneous administration to numerous fish species. These vaccinations must meet several important criteria, including being accessible and FDA-licensed and registered.
The vaccination of farmed fish offers significant advantages in the battle against bacterial and viral illnesses without the unfavourable side effects of drugs. Antibiotic use also breeds antibiotic resistance, which reduces aquaculture productivity and causes significant financial losses.
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In certain European countries, like Norway, antibiotics are no longer used in aquaculture operations. This has reduced the possibility of antibiotic resistance and positively impacted the market for aquaculture immunisations. With the introduction of DNA and subunit vaccines, aquaculture vaccinations would also become more popular than antibiotics as a result of scientific advancements.
In North America, the aquaculture vaccines market is anticipated to expand at a CAGR of 8%. Important companies like Merck & Co. and Zoetis Inc. are expanding their R&D expenditures, which is improving regional industry revenue. Government funding for the creation of aquaculture vaccines will also increase market share.
Europe will remain one of the most attractive markets for commercial aquaculture vaccinations over the anticipated time frame. For instance, Norway is a major exporter of salmon due to its supportive public and commercial sector initiatives, growing public concern over antimicrobial resistance, and the presence of important actors.
Market Segments Covered in Aquaculture Vaccines Industry Analysis
Product Type Outlook:
- Attenuated Live Vaccines
- Inactivated Vaccines
- Subunit Vaccines
- DNA Vaccines
- Recombinant Vaccines
Route of Administration:
- Oral
- Injected
- Immersion & Spray
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Regional Outlook:
- Bacterial
- Viral
- Parasitic
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