Aquaculture Vaccines Market Size to Reach USD 1,063.64 Mn By 2033

The global aquaculture vaccines market size was valued at USD 470 million in 2023 and is expected to reach around USD 1,063.64 million by 2033, expanding at a CAGR of 8.51% from 2024 to 2033.

Key Points

• Europe dominated the market with the largest revenue share of 42% in 2023.
• Asia Pacific is expected to grow at the highest CAGR in the market during the forecast period.
• The inactivated vaccines segment has held a major revenue share of 75% in 2023.
• The injection vaccines segment has contributed more than 61% of revenue share in 2023.
• The immersion vaccines segment is expected to grow at the highest CAGR during the forecast period.
• The bacterial infection segment dominated the aquaculture vaccines market in 2023.
• The viral infection segment is expected to grow at the highest CAGR during the forecast period.
• The tilapia segment dominated the market in 2023.
• The salmon segment is expected to grow at the highest CAGR in the market during the forecast period.

The Aquaculture Vaccines Market is a dynamic sector within the broader pharmaceutical and healthcare industry, focusing on the development, production, and distribution of vaccines specifically designed for aquatic species. With the increasing demand for seafood globally and the rising prevalence of diseases affecting farmed fish and shellfish, the importance of aquaculture vaccines has grown significantly in recent years. These vaccines play a crucial role in safeguarding the health and productivity of aquaculture operations, contributing to sustainable seafood production and food security.

Growth Factors:

Several factors contribute to the growth of the aquaculture vaccines market. Firstly, the expansion of the aquaculture industry itself drives demand for vaccines, as intensification and increased production volumes often lead to higher disease prevalence and outbreaks. Moreover, growing consumer awareness regarding food safety and sustainability has prompted aquaculture producers to adopt preventive health measures, including vaccination, to ensure the quality and integrity of their products. Additionally, advancements in vaccine technology, such as the development of more effective and targeted formulations, have bolstered market growth by improving vaccine efficacy and reducing the incidence of disease in aquaculture operations.

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Region Insights:

The aquaculture vaccines market exhibits regional variations influenced by factors such as aquaculture production volumes, disease prevalence, regulatory frameworks, and investment in research and development. In regions with significant aquaculture industries, such as Asia-Pacific and Europe, demand for vaccines is particularly high due to the large-scale production of species such as salmon, tilapia, shrimp, and carp. Additionally, regions with a history of disease outbreaks, such as parts of Latin America and Africa, have seen increased adoption of aquaculture vaccines as a means of disease prevention and control.

Aquaculture Vaccines Market Scope

Aquaculture Vaccines Market Dynamics

Drivers:

Several drivers propel the growth of the aquaculture vaccines market. One key driver is the globalization of the aquaculture industry, which has led to the spread of diseases across borders and increased the need for effective disease management strategies, including vaccination. Furthermore, regulatory initiatives aimed at promoting responsible aquaculture practices and ensuring the sustainability of seafood production have incentivized aquaculture producers to invest in preventive health measures, including vaccination programs. Additionally, the growing demand for seafood, coupled with concerns regarding the environmental impact of wild fisheries, has driven the expansion of the aquaculture industry and, consequently, the demand for aquaculture vaccines.

Opportunities:

The aquaculture vaccines market presents several opportunities for growth and innovation. One such opportunity lies in the development of vaccines for emerging and re-emerging diseases that pose a threat to aquaculture operations. By investing in research and development targeted at these diseases, vaccine manufacturers can address unmet needs in the market and gain a competitive advantage. Additionally, the expansion of aquaculture into new species and geographic regions presents opportunities for the development of novel vaccines tailored to the specific requirements of different aquaculture systems and environments. Furthermore, collaborations between vaccine manufacturers, research institutions, and aquaculture producers can facilitate the development and commercialization of new vaccine technologies, driving market growth and expanding access to preventive health measures within the aquaculture industry.

Challenges:

Despite the growth prospects, the aquaculture vaccines market faces several challenges that may impede its expansion. One such challenge is the high cost of vaccine development and production, which can limit access to vaccines for smaller aquaculture producers and operations with limited financial resources. Additionally, regulatory barriers and approval processes vary across jurisdictions, posing challenges for vaccine manufacturers seeking to enter new markets and expand their product portfolios. Furthermore, concerns regarding vaccine efficacy, safety, and environmental impact may influence consumer perceptions and demand for vaccinated seafood products, affecting market dynamics and adoption rates. Moreover, the emergence of vaccine-resistant strains of pathogens and the potential for vaccine-induced selection pressure pose ongoing challenges for disease management in aquaculture operations, highlighting the need for continued innovation and surveillance within the aquaculture vaccine market.

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Aquaculture Vaccines Market Companies

• Zoetis Inc.
• Phibro Animal Health Corporation
• Elanco
• Merck & Co., Inc.
• KBNP
• CAVAC
• Kyoto Biken Laboratories, Inc.
• Nisseiken Co., Ltd.
• Vaxxinova International BV
• HIPRA
• Tecnovax
• Virbac
• Veterquimica S.A

Aquaculture Vaccines Market Recent Developments

• In April 2024, The world’s foremost aquaculture company, BioVaxys Technology Corp. (“BioVaxys”), and SpayVac-for-Wildlife, Inc. (“SpayVac”) jointly announced that SpayVac has teamed up with them to field test long-lasting, single-injection immuno-contraceptive vaccinations in farmed rainbow trout. Using a proprietary liposome-based antigen delivery platform technology licensed from BioVaxys, SpayVac has shown that it elicits a strong and long-lasting immune response in many species.
• In April 2024, CIBA-Nodavac-R was introduced by Dr. JK Jena, the ICAR deputy director general for fisheries, in an effort to battle VNN, which affects a variety of freshwater, brackishwater, and marine fish and can kill up to 100% of larval and early juvenile fish. Nervous necrosis virus is the cause of the illness (NNV). In India and the majority of other tropical nations, the single genotype of the red-spotted grouper nervous necrosis virus (RGNNV) is widespread. Both vertical and horizontal transmission are possible for the illness. Adult carriers of the virus continue to spread it to offspring through eggs. Fish fingerlings and adults can be vaccinated as a viable means of controlling the illness and preventing vertical transmission.

Segment Covered in the Report

By Type of Vaccines

• Inactivated Vaccines
• Live Vaccines
• Others

By Route of Administration

• Immersion Vaccines
• Injection Vaccines
• Oral Vaccines

By Application

• Bacterial Infection
• Viral Infection
• Others

By Species

• Salmon
• Trout
• Tilapia
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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