According to an aquaculture vaccines market forecast report, immersion vaccines market will demonstrate considerable growth at 6.7% CAGR over 2019-2025. Uninterrupted exposure of immune cells, which are found in the skin and gills of fish, to antigens will produce a strong and long-term immune response. Moreover, amplifying effectiveness of immersion vaccines and easiness of vaccine administration are likely to augment immersion vaccines segment growth and concurrently boost aquaculture vaccines market outlook.
The tilapia aquaculture vaccine market is anticipated to cross USD 45.5 million in global remuneration by 2025. There is a prominent demand for tilapia fish species in the international landscape owing to its economic importance. The Food and Agriculture Organization of the United Nations (FAO) had stated that the tilapia in the year 2015 accounted for 7.4% of the total aquaculture production and can be regarded as the second most vital of all the finfish species across the globe. Besides, the production of tilapia involves easy cultural techniques and short time duration.
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U.K. is a prominent market for aquaculture activities and witnesses a high demand for vaccinations. The regional industry contributed to a significant revenue in 2018 and is expected to bring a global share close to USD 29.2 million through 2025, considering the surge in the number of novel vaccines introduced to cater to the increasing requirements to protect the fish species. Preference for vaccines over antibiotics and the robust government support across the country will result in higher consumption of vaccines for aquaculture.
On the other hand, China aquaculture vaccines market is pegged to strike a 7.3% CAGR through the same timeframe with the mount in the production of tilapia as well as other fish species of economic importance in the region. There is also a rising necessity to safeguard the fish produce from infections of various bacterial and viral diseases.
Providers of various types of aquaculture vaccines are focusing on R&D initiatives to increase their footprint and expand their offerings across the globe. For instance, Merck & Co acquired Antelliq Corporation, an animal health-based digital firm in April 2019 to offer digital solutions towards its animal healthcare.
The ongoing coronavirus pandemic has pushed the need for novel strategic frameworks by these companies to gain a competitive edge over other participants. For instance, Touchlight Genetics, a vaccine manufacturer, partnered with Stonehaven Incubate in September 2020, to launch Touchlight Aquaculture, a joint venture firm that uses advanced technologies from both contributors to develop new vaccines.
Various global aquaculture vaccine market players have been striving to gain a huge chunk of profit in the business by following different growth strategies. Some of the leading industry players operational in global aquaculture vaccines market include Hipra, Merck & Co., Inc., Zoetis Inc., Virbac, Tecnovax, Nisseiken Co. Ltd. and Veterquimica S.A. The latest research report compiled by Global market Insights Inc. has predicted that aquaculture vaccines market share is set to surpass $290 million by 2025.
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Partial Chapter of the Table of Content
Chapter 4. Aquaculture Vaccines Market, By Type of Vaccines
4.1. Key segment trends
4.2. Inactivated vaccines
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.3. Live vaccines
4.3.1. Market size, by region, 2014 – 2025 (USD Million)
4.4.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 5. Aquaculture Vaccines Market, By Route of Administration
5.1. Key segment trends
5.2. Immersion vaccines
5.2.1. Market size, by region, 2014 – 2025 (USD Million)
5.3. Injection vaccines
5.3.1. Market size, by region, 2014 – 2025 (USD Million)
5.4. Oral vaccines
5.4.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 6. Aquaculture Vaccines Market, By Application
6.1. Key segment trends
6.2. Bacterial infection
6.2.1. Market size, by region, 2014 – 2025 (USD Million)
6.3. Viral infection
6.3.1. Market size, by region, 2014 – 2025 (USD Million)
6.4.1. Market size, by region, 2014 – 2025 (USD Million)
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