Fish vaccines are biological preparations used to prevent infectious diseases affecting fish such as viruses, bacteria and parasites. They help protect farmed fish and shrimp populations from mortalities and economic losses caused by infectious diseases.
The global fish vaccine market is estimated to be valued at US$ 265.4 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The rising global demand for prevention of fish diseases is one of the key trends driving the growth of the fish vaccine market. Fish farming is becoming increasingly important to meet the rising demand for seafood. However, intensive aquaculture also increases the risk of disease outbreaks which can lead to huge economic losses if not prevented or controlled. Vaccines help promote sustainable aquaculture practices by protecting fish from infectious diseases. This reduces treatment and mortality costs and guarantees food safety. Hence, farmers are increasingly adopting vaccination to minimize the impact of diseases on fish production.
Segment Analysis
The global fish vaccine market is dominated by the ornamental segment. Ornamental fish farming is a booming industry and contributes significantly to the market revenues. Ornamental fish are at high risk of contracting infectious diseases owing to high density farming practices. Vaccines help curb the spread of diseases and are extensively used in ornamental fish farms.
Key Takeaways
The Global Fish Vaccine Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 265.4 Mn by 2023 from US$ 200 Mn in 2020, registering a CAGR of 5.7% during 2023-2030.
Regional analysis
The Asia Pacific region currently dominates the global fish vaccine market and is expected to continue its dominance through the forecast period. extensive fish farming in countries like China, India, Vietnam contributes to the large market size of the region. High risk of infectious disease outbreaks due to intensive fish farming practices drives the adoption of vaccines.
Key players
Key players operating in the fish vaccine market are Bayer AG, BASF SE, Syngenta AG, DuPont de Nemours Inc., ADAMA Ltd., Arysta LifeScience, Nufarm, Nissan Chemical Industries Ltd., Shandong Binnong Tech Co Ltd., FMC Corporation, Monsanto Company, UPL, Bhaskar Agrochemicals Ltd., Dhanuka Agritech Limited, and Insecticides (India) Ltd. Companies are focusing on developing novel vaccines for newly emerging diseases.
Get more insights on this topic:
https://www.marketwebjournal.com/fish-vaccine-market-market-size-and-share-analysis/
Both of these approaches was used to collect and interpret accurate data from a variety of dynamic facts of companies, including Fish vaccine market Which includes historical information, current scenarios, and future opportunities as well as empirical results.
It also provides a SWOT study to determine the companies' pushing and restraining forces.Leading players of Fish vaccine Market are as follows:Leading industry core players have been profiled in Asia-Pacific, North America, Latin America, Africa, and India, among other global regions.
It also provides a comprehensive view of the economic market, which aids in the differentiation of global and national rivalry.
Various business models have been used to discover the dangers and threats that companies face.- Lumic A/S- Syndel USA- PHARMAQ- CZ Vaccines- Marrinovak Ltd- MSD Animal Health- Anicon Labor GmbH- Hipra- Zoetis Inc.- Virbac- Nisseiken Co. Ltd.- Other Notable PlayersRequest a Sample Report to gain comprehensive insights with COVID - 19 Impact at @ https://www.fastmr.com/request-s/87When curating this paper, graphical visualisation tools such as info graphics, charts, tables, and pictures were used, resulting in a solid foundation for thorough study of current developments and technical advances in the Fish vaccine market.
It also provides information on Fish vaccine market positions owned by many industries Different successful distribution platforms and business tactics have been thoroughly outlined in the study to help readers devise the right strategies.Market Segmentation:The research offers a comprehensive analysis of global Fish vaccine Market with respect to following sub-markets:By Type Of Vaccine- Killed Vaccine- Inactivated Vaccine- Attenuated Vaccine- Toxoid Vaccine- Subunit Vaccine- Conjugate Vaccine- OthersBy Route Of Administration- Injection Delivery System- Immersion Delivery System- Oral Delivery SystemBy Application- Bacterial Infection- Viral InfectionBy Distribution Channel- Veterinary Pharmacies- Veterinary Clinics- OthersBy Species- Salmon- Seabass- Tilapia- Pangasius- OthersExplore Full Report With Detail Analysis With COVID -19 Impact @ https://www.fastmr.com/report/87/fish-vaccine-marketTable Of Content:Research MethodologyMarket Definition and List of Abbreviations Executive Summary2.
Growth Drivers & Issues in Global Fish Vaccines Market2.1.
