Market Definition:
The global Aquaculture Vaccine Market was valued at USD 201.5 million in 2021 and it is anticipated to grow up to USD 320.3 million by 2031, at a CAGR of 4.7% during the forecast period.
Aquaculture vaccines are vaccines that are used to protect fish, shellfish, and other aquatic animals from disease. Aquaculture is the farming of aquatic animals, and it is a growing industry worldwide. Aquaculture vaccines are used to prevent diseases that can decimate entire stocks of fish or shellfish, and they are an important tool for protecting the health of these animals. Aquaculture vaccines are typically administered via injection or immersion. Injection is the most common method of vaccination, and it is typically done with a needle and syringe. Immersion is a less common method, and it involves placing the fish or shellfish in a tank of water that contains the vaccine. Aquaculture vaccines are typically made from inactivated or attenuated (weakened) viruses, bacteria, or other pathogens.
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Market Outlook:
Vaccination of farmed fish has significant benefits in combating viral and bacterial diseases with absence of undesirable side-effects of antibiotics. Also, overuse of antibiotics leads to development of resistance that ultimately leads to loss of aquaculture produce and significant economic losses. Currently, countries in Europe such as Norway have virtually stopped use of antibiotics in aquaculture practices. This has positively influenced the aquaculture vaccines market growth and lowering the risk of antibiotic resistance. Moreover, with introduction of DNA and subunit vaccines due to technological advancements, the adoption of aquaculture vaccines will increase as compared to antibiotics.
Market Restraints and Challenges
Stringent regulatory policies for manufacturing and approval of aquaculture vaccines is one of the major growth impending factors. Majority of countries have their own regulatory processes and agencies for aquaculture vaccine products approval. Also, multiple approvals are required for commercialization of aquaculture vaccines. However, long and tedious approval process by the U.S. FDA and European Union will act as the major entry barrier for new vaccines and put additional restrain on current market players.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The report analyses the global Aquaculture Vaccine Market based on Type of Vaccine, Species, Infections, Route of Administration, Distribution Channel, and Region.
Major Players
The key players in the market Zoetis, Phibro Animal Health Corporation, Elanco, Merck & Co., Inc., KBNP, CAVAC, Kyoto Biken Laboratories, Inc., Nisseiken Co., Ltd., Vaxxinova International BV, and HIPRA. among others.
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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – $201.5 mn
• Market Size in 2031 – $320.3 mn
• CAGR % – 4.7%
• Historic Period – 2015-2020
• Forecast Period – 2022-2031
• Base Year – 2021
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