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Aquaculture Healthcare Market 2020 growth factors, latest trend and regional analysis of leading players by 2026

Author : Ronak Bora | Published Date : 2020-09-07 

Aquaculture Healthcare Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

An upsurge in aquaculture farming and rising prevalence of diseases & parasites will spur aquaculture healthcare market growth. Poor water quality with low oxygen content has augmented the incidences of disease among aquatic animals, which has raised the demand for aquaculture healthcare products. Mounting demand for fish protein is a key impetus for the growth of the market. As per the Food and Agriculture Organization (FAO), in 2016, the per capita consumption of fishes doubled to over 20 kg. Increased demand for shrimp and fish along with overfishing of other wild varieties of fishes is likely to translate into substantial aquaculture healthcare industry demand.

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According to a research study conducted by GMI, aquaculture healthcare market size is anticipated to surpass $1 billion by 2026.

The rapid rise in crustacean aquaculture over the past few years is a result of availability and on-farm provision of feed inputs within the major producing countries. Crabs, crayfish, shrimps, lobsters, prawns, woodlice, barnacles and krill are the mainly consumed crustaceans. As per a recent statistic, around 11 million tons of crustaceans is cultured in fisheries or aquatic farming for human consumption, globally. Crustacean segment in the aquaculture healthcare industry is estimated to grow at 6.5% CAGR over 2020-2026 on account of the growing demand for crustaceans from south Asian countries.

In 2019, drug segment held 55.5% of the global aquaculture healthcare market share and is anticipated to grow significantly through 2026. Some of the commonly used aquaculture healthcare drugs includes anti-inflammatory, parasiticides, and anti-infective drugs. The increasing incidence of diseases and parasites in farmed fish is fueling the demand for these products. Moreover, introduction of aquaculture drugs that treat parasites like sea-lice may favor the industry proliferation.

Parasitic infection segment accounted for USD 148.3 million in terms of revenue in 2019 and is likely to be the fast growing segment of the market. The growth can be attributed to the increasing exposure of marine animals to parasites like sea fleas and sea lice. Species such as salmon exhibit a high rate of sea-lice infection, which is leading to the increased demand for therapeutics to treat parasitic infections.

North American aquaculture healthcare market accounted for over USD 75.8 million in 2019, while Canada held the biggest share in the market in the same year. North America is expected to be a major regional ground for industry growth with the presence of key aquaculture companies along with increasing consumption of sea food across the region.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/aquaculture-healthcare-market

Partial Chapter of the Table of Content

Chapter 6. Aquaculture Healthcare Market, By Infection

6.1. Key segment trends

6.2. Bacterial infection

6.2.1. Market size, by region, 2015 – 2026 (USD Million)

6.3. Viral infection

6.3.1. Market size, by region, 2015 – 2026 (USD Million)

6.4. Parasitic infection

6.4.1. Market size, by region, 2015 – 2026 (USD Million)

6.5. Fungal infection

6.5.1. Market size, by region, 2015 – 2026 (USD Million)

Chapter 7. Aquaculture Healthcare Market, By Route of Administration

7.1. Key segment trends

7.2. Oral

7.2.1. Market size, by region, 2015 – 2026 (USD Million)

7.3. Injectable

7.3.1. Market size, by region, 2015 – 2026 (USD Million)

7.4. Topical

7.4.1. Market size, by region, 2015 – 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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