According to the research report titled ‘Aquaculture Vaccines Market Size By Type of Vaccines (Inactivated Vaccines, Live Vaccines), By Route of Administration (Immersion Vaccines, Injection Vaccines), By Application (Bacterial Infection, Viral Infection), By Species (Salmon, Trout, Tilapia), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global aquaculture vaccines market is slated to expand tremendously during 2021-2027.

Rising occurrences of viral & bacterial infections, soaring aquaculture production across the world, and a strong inclination toward vaccines as compared to antibiotics are parameters pushing the growth of aquaculture vaccines market.

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Besides, rapid development & introduction of new vaccines for the aquacultural species, along with robust strategies adopted by leading players to have a competitive edge in the evolving marketplace are commercializing the product uptake to a great extent.

Besides, global depletion in fish stock from oceans is prompting the consumers to adopt sustainable practices which is enhancing the market outlook.

On the downside, strict regulatory policies in the process of vaccine approval, combined with complex procedures involved in the making of vaccines are likely to hinder the development of business sphere during the review period.

In terms of application scope, worldwide aquaculture vaccines industry share from viral infection vertical is reckoned to be valued at USD 42.8 million by the end of the stipulated timeline. 

Based on vaccine type, the live segment is expected to amass USD 41.4 million by the end of the analysis period. 

As per route of administration, the injection vaccines segment was valued at USD 123.2 million in 2020 and is estimated to record substantial growth during the forecast period. 

Considering species type, the tilapia segment is anticipated to account for a revenue of USD 41.7 million by 2027.

Concerning geographical realm, Latin America industry retained a revenue share of 23.8% in 2020 and is poised to record notable expansion through the projected timeline. Whereas Middle East & Africa aquaculture vaccines market is speculated to
develop at 4.3% CAGR during the assessment timeframe. 

The prominent companies in market include Kyoto Biken Laboratories Inc., Laboratorios HIPRA SA, Vaxxinova International B.V., Zoetis Inc., Phibro Animal Health Corporation, Merck & Co. Inc., Nisseiken Co. Ltd., Tecnovax Inc., Veterquimica S.A., and Virbac among others.