Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Aquaculture Vaccines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type of Vaccine, Species, and Route of Administration" report has been added to ResearchAndMarkets.com's offering.
The aquaculture vaccines market was valued at US$ 245.13 million in 2021 and is expected to reach US$ 569.72 million by 2028; it is estimated to grow at a CAGR of 12.9% from 2022 to 2028.
Companies Mentioned
- AquaTactics Fish Health
- HIPRA SA
- Merck & Co Inc.
- Microsynbiotix Ltd
- Indian Immunologicals Ltd
- Nisseiken Co Ltd
- Zoetis Inc.
- VETERQUIMICA SA
- Phibro Animal Health Corp
- Elanco Animal Health Inc
The market growth is attributed to the growing aquaculture industry and the surging demand for aquatic animal-derived food products. However, strict regulatory policies for the approval of vaccines and the high cost of vaccines restrain the market growth.
The growing demand for aquatic animal-derived food products such as oil, caviar, protein powders, and meat encourages farmers to use vaccinations for aquaculture to gain high profitability. Consumers are becoming aware of the nutritious value of animal protein. The demand for healthy, sustainable, and high-quality meat products with fewer or no drugs is also increasing rapidly.
Regular fish consumption is widely promoted as a part of a healthy diet. Fishes have a higher protein content compared to terrestrial animal meat and have a lower feed conversion rate (FCR) than land animals, and more protein can be produced using this lower feed rate from fish.
Furthermore, fish protein is highly digestible and rich in essential amino acids that are low in animal-sourced protein. Fish and shellfish consumption can decrease the risk of heart disease, inflammation, and arthritis. The health benefits of fish are mainly linked to the presence of long-chain omega 3 (n-3) polyunsaturated fatty acids (PUFA). In addition, fish protein is a rich source of bioactive peptides.
These can offer many positive health benefits if they are consumed in an appropriate concentration and bioavailable within the human body. Further, health benefits include the control of blood pressure through the inhibition of enzymes within the renin-angiotensin-aldosterone system (RAAS); maintenance of bone health; control of inflammation (antioxidant peptides), mental health through the action of opioid peptides and platelet-activating factor acetyl-hydrolase inhibitory (PAF-AH) peptides), and several other bioactivities. Thus, the need for healthy breeding of aquatic animals is increasing, propelling the demand for aquaculture vaccines.
Development of Novel Vaccines to Fuel Market Growth in Future
In recent years, aquaculture has attained a major economic revolution. Advancements in science have paved new avenues in basic and applied research areas for developing and designing novel and effective vaccines and improving existing vaccines for various infectious diseases. Recent developments in vaccines and vaccinology are done to discover new vaccine candidates to combat fish pathogens, including mycotic and parasitic agents, for which vaccines are still lacking.
Type of Vaccine Based Insights
Based on type of vaccine, the aquaculture vaccines market is segmented into live vaccines, inactivated vaccines, and other vaccines. The inactivated vaccines segment held the largest market share in 2021. The market for the live vaccines segment is likely to grow at the highest rate during the forecast period.
Species Based Insights
The aquaculture vaccines market, based on species, is segmented into tilapia, trout, salmon, shrimps, and others. The salmon segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR of 13.4% during the forecast period.
Route of Administration Based Insights
Based on route of administration, the aquaculture vaccines market is segmented into injection, immersion, and oral. The injection segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR of 13.1% during the forecast period.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 245.13 million |
| Forecasted Market Value by 2028 | 569.72 million |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Aquaculture Vaccines Market - Key Takeaways
3. Research Methodology
4. Aquaculture Vaccines Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Expert's Opinion
5. Aquaculture Vaccines Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Aquaculture Industry
5.1.2 Surging Demand for Aquatic Animal-Derived Food Products
5.2 Market Restraints
5.2.1 Strict Regulatory Policies for Approval of Vaccines and High Cost of Vaccines
5.3 Market Opportunities
5.3.1 Rising Prevalence of Infectious Diseases in Aquatic Animals
5.4 Future Trends
5.4.1 Development of Novel Vaccines
5.5 Impact Analysis
6. Aquaculture Vaccines Market - Global Analysis
6.1 Global Aquaculture Vaccines Market Revenue Forecast & Analysis
6.1.1 Global Aquaculture Vaccines Market Revenue Forecast & Analysis
6.2 Market Positioning Analysis of Key Players in Aquaculture Vaccines Market
7. Global Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Type of Vaccine
7.1 Overview
7.2 Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
7.3 Live Vaccines
7.3.1 Overview
7.3.2 Live Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Inactivated Vaccines
7.4.1 Overview
7.4.2 Inactivated Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Other Vaccines
7.5.1 Overview
7.5.2 Other Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8. Global Aquaculture Vaccines Market Analysis and Forecasts to 2028 - by Species
8.1 Overview
8.2 Global Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
8.3 Tilapia
8.3.1 Overview
8.3.2 Tilapia: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Trout
8.4.1 Overview
8.4.2 Trout: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Salmon
8.5.1 Overview
8.5.2 Salmon: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Shrimps
8.7.1 Overview
8.7.2 Shrimps: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9. Global Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Route of Administration
9.1 Overview
9.2 Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
9.3 Injection Vaccines
9.3.1 Overview
9.3.2 Injection Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Immersions Vaccines
9.4.1 Overview
9.4.2 Immersions Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Vaccines
9.5.1 Overview
9.5.2 Oral Vaccines: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10. Aquaculture Vaccines Market - Revenue and Forecast to 2028 - Geographic Analysis
11. Impact Of COVID-19 Pandemic on Aquaculture Vaccines Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Aquaculture Vaccines Market - Industry Landscape
12.1 Overview
12.2 Growth Strategies in Aquaculture Vaccines Market
12.3 Organic Growth Strategies
12.3.1 Overview
12.4 Inorganic Growth Strategies
12.4.1 Overview
13. Company Profiles
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/p7u6f4
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