According to the latest research by InsightAce Analytic, the global Commercial Aquaculture Vaccines market is expected to register a CAGR of 7.3% during a forecast period of 2022-2030. Aquaculture is known as the farming of aquatic animals such as fish, tilapia, shrimp, molluscs, and Sea Bass in water. Aquaculture is the better source of income for the food industry. Vaccination plays an important role in commercial Aquaculture. Vaccination would be the best option to reduce bacterial and viral infections in aquaculture. The demand of the aquaculture vaccines market has been rising due to the advancements in the field of fish farming. Modern and advanced technologies, development, and launch of new aquaculture vaccines for different species enhance the growth of the aquaculture vaccines market.
The rising prevalence of bacterial infections among aquatic species is expected to boost demand for the commercial aquaculture vaccines market over the forecast period. Additionally, increasing global consumption and production of aquatic species has heightened the aquaculture vaccines market opportunities. However, the COVID-19 pandemic has created a negative impact on the aquaculture vaccines market. Also, rising awareness of animal-to-human pathogen transmission risks is expected to pull down the market for a short period of time. Moreover, stringent regulatory policies for approval of aquaculture vaccines, complex manufacturing procedures of vaccines, and the high cost of vaccines will limit the growth of the aquaculture vaccines market.
The commercial aquaculture vaccines market is segmented into Pathogen Types, Fish Species, End-users and Regions. The Pathogen Types segment is further bifurcated into Bacteria and Viruses. In terms of Fish Species, the market can be divided into Salmon, Tilapia, Bream, Labris Bergylta, Cyprinus Carpio, Sea Bass, Trout, and Cyclopterus Lumpur. By End-users, the market is segmented into Fish Farming companies and Aquatic research institute. Based on the region, the commercial aquaculture vaccines market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Main regions of this market are North America, Europe, and Asia-Pacific. Asia-Pacific market is expected to grow faster in the future due to the growing aquaculture industry and development in vaccination. China is the leading country of this region.
Bacteria segment will drive the growth of the aquaculture vaccines market during the forecast period due to the rising prevalence of bacterial infections among aquatic species. Based on the fish species segment, salmon is a widely dominating species in the market, due to growing demand and rising production of salmon in leading developed countries and this will boost the aquaculture vaccines market in the future. Among the different end-users, fish farming companies will create more opportunities in this market.
Some of the key Players of the commercial aquaculture vaccines market are IDT Biologika GmbH (Ridgeway Biologicals Ltd), MARINNOVAC (AQUATRECK ANIMAL HEALTH S.L.), Ceva Biovac, Zoetis (PHARMAQAS), Vaxxinova, Barramundi Asia Pte Ltd.(UVAXX Asia), HIPRA, AniCon Labor GmbH, Sanphar (ipeve), Kennebec River Biosciences, and other Prominent Players.