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NEW YORK : Aquaculture refers to the breeding, rearing, and harvesting of aquatic plants and animals. Commercial aquaculture has become a booming industry worldwide, with increasing demand for fish and other aquatic products for food, sport, and other purposes. However, the industry faces various challenges, such as diseases, which can cause significant losses to farmers. Vaccines are one of the key solutions for preventing and controlling diseases in commercial aquaculture.
The global commercial aquaculture vaccines market has been growing rapidly in recent years, driven by the increasing demand for aquaculture products, the need to reduce the use of antibiotics, and the growing awareness of the importance of disease prevention in the industry. This report provides an overview of the market, including its size, trends, drivers, challenges, and opportunities.
Market Overview:
The global revenue from the commercial aquaculture vaccines market stands at US$ 265.0 Mn in 2022, with the global market expected to grow at a CAGR of 7.9% to a valuation of approximately US$ 605.5 Mn by the end of 2033.
As assessed by Persistence Market Research, inactivated vaccines are expected to hold a market value of around US$ 416.2 Mn by 2033. Overall, commercial aquaculture vaccines market sales account for approximately 2.2% revenue share in the global veterinary vaccines market, which was valued at around US$ 11.8 Bn in 2022.
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Companies covered in Commercial Aquaculture Vaccines Market Report
Drivers and Restraints:
The growing demand for aquaculture products, coupled with the need to reduce the use of antibiotics, is the primary driver for the commercial aquaculture vaccines market. The increasing awareness of the importance of disease prevention in the industry is also driving the growth of the market. Furthermore, government initiatives to promote the use of vaccines and regulations on the use of antibiotics in aquaculture are also contributing to the growth of the market.
One of the major challenges faced by the commercial aquaculture vaccines market is the high cost of vaccines. Vaccines are often expensive to produce, which can make them unaffordable for small-scale farmers. Another significant restraint is the lack of awareness and education among farmers regarding the benefits of vaccines and how to use them. Additionally, the regulatory approval process for vaccines can be lengthy and costly, which can also hinder the growth of the market.
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Key Segments Covered in Commercial Aquaculture Vaccines Industry Research
Vaccine:
Pathogen:
Species:
Route of Administration:
End User:
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About Us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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