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Aquaculture Vaccines Market is Expected to Grow at a CAGR of over 9.6% During 2022-2028 | Precision Business Insights

Aquaculture Vaccines Market Share, By Region

Aquaculture Vaccines Market Share, By Region

Aquaculture Vaccines Market Value, By Type

Aquaculture Vaccines Market Value, By Type

The introduction of fish vaccinations has considerably reduced the use of antibiotics.

HYDERABAD, TELANGANA, INDIA, May 25, 2022 / -- Aquaculture Vaccines Market size exceeded USD 371.8 million in 2021 and is anticipated to witness a growth rate of around 9.6% from 2022 to 2028. Aquaculture has been dubbed the world's fastest-growing food-producing sector. A wide range of ideal growing conditions has resulted in increased sensitivity to infectious and viral illnesses, raising demand for profitable and commercial aquaculture vaccines. Increased bacterial illness and zoonotic infection incidence is a key stumbling block to successful fish aquaculture operations. Commercial aquaculture vaccines have shown to be a better option than antibiotics to be used in fish aquaculture farming, as antibiotic treatment has raised concerns about bacterial drug resistance, toxicity, and antibiotic residue in aquaculture food.

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The Aquaculture Vaccines Market - Growth Factors
The rise in the prevalence of bacterial and viral illnesses is likely to boost the growth of the aquaculture vaccines market over the coming years. Furthermore, the advancement and launch of novel aquaculture vaccines are expected to drive the aquaculture vaccines market forward. Furthermore, the growing occurrence of aquatic animal diseases and the expanding demand for marine animal-derived food products like oil, protein powders, caviar, and meat are expected to support the aquaculture vaccines market's expansion. On the other side, the aquaculture vaccines market is expected to be hampered by rigorous regulatory rules for vaccine approval over the forecast period.

The Aquaculture Vaccines Market Trends:
• Viral and bacterial diseases are becoming more common in aquaculture animals.
• To increase the size of the Aquaculture Vaccine market, organizations often use an integrated framework.

Restraining factors of the Aquaculture Vaccines market:
• In the near future, the complex vaccine development methods may pose an additional hurdle to the aquaculture vaccines market's growth.

COVID-19 Analysis:
Animals provide nourishment for the majority of the world's inhabitants. Because of the possibility of virus transmission through animal food, the COVID-19 outbreak has raised awareness about eating nutritious animal-sourced food. As people become more aware of the problem, the need for pathogen-free fish is projected to rise. Furthermore, prominent commercial aquaculture vaccine makers are actively participating in the fight against the pandemic by developing and commercialising the COVID-19 vaccine.

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The Aquaculture Vaccines Market – Segmentation
The Global Aquaculture Vaccines Market on the basis of Vaccine Type is fragmented into Attenuated Live Vaccine, Inactivated Vaccine, DNA Vaccine, and Others. On the basis of Application, the market is categorized into Viral Infections, Bacterial Infection, Combined Bacterial and Viral Infections, and Others. On the basis of Route of Administration, the market is segregated into Injection Vaccines, Immersion Vaccines, and Oral Vaccines. On the basis of Species, the market is divided into Salmon, Seabass and Seabream, Tilapia, Trout, Turbot, and Carp. Owing to the rising demand for salmon fish specially in industrialised countries, salmon hold more than 45 percent of the market share for commercial aquaculture vaccinations. Furthermore, salmon species are preferred for aquaculture production in major countries like as Norway and Chile.

The Aquaculture Vaccines Market –Regional Analysis
Europe had the highest revenue share of over 20.0 percent in 2020. Norway's position as the largest salmon exporter, supportive government and commercial sector activities, increased human concerns about antimicrobial resistance, as well as the presence of significant companies are all factors propelling this regional industry. The Norwegian Medicines Agency has particular regulations and procedures for autogenous vaccination applications.

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