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Asia Pacific Aquaculture Vaccines Market Share to Exceed USD 37.4 Million by 2027

Author : Ronak Bora | Published Date : 2021-09-03 

Asia Pacific aquaculture vaccines market forecast is set to benefit from the rising incidence of viral and bacterial infection in aquaculture species and the growing demand for vaccinations. Aquaculture is the technique of raising aquatic animals primarily for human consumption. In order to ensure optimal safety, maintenance of the health and hygiene of these animals is crucial. 

Vaccines are widely regarded as a successful means of avoiding a variety of bacterial and viral infections in fishers. Fish vaccination has been used for over 50 years and is a well-established means of avoiding huge losses. Vaccination initiatives aid in aquaculture related environmental, social, and economic sustainability.

Asia Pacific aquaculture vaccines market size is expected to surpass USD 37.4 million by 2027. The market trends can be outlines by the following four factors.

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Growing preference for inactivated vaccines

Asia Pacific aquaculture vaccines market share from the inactivated vaccine segment was worth USD 17.6 million in 2020. Inactivated vaccinations are known to be less costly to manufacture than live vaccinations. They are the most often used vaccinations against a wide range of infections. Because these vaccinations do not stay in the environment, they are generally considered safe and may offer temporary immunity when compared to other vaccines.

Increasing consumption of salmon

Through 2027, the Asia Pacific aquaculture vaccines market share from the salmon segment in Asia Pacific is expected to be worth USD 4.2 million. Vaccines have been utilised in the edible fish business, particularly the salmon sector, as one of the primary reasons for the success of salmon production. Growing demand for salmon products across APAC region is likely to impact the aquaculture vaccines industry outlook. Commercial vaccinations are also available for Japanese amberjack, yellowtail, and channel catfish.

Surging vaccine demand from China

The Chinese aquaculture vaccines market is expected to grow at an 8.1% CAGR & surpass USD 12.2 million in value by 2027. Through the recent years, China’s aquaculture sector has shown significant growth, accounting for a major portion of the world's farmed fish supply. Posing a major threat to fish production, there have been a variety of illnesses endangering the aquaculture businesses and food safety in the country. Vaccines are unquestionably the most appropriate and targeted way for controlling many types of fish infections in terms of efficiency, safety, the environment, and ethics.

Higher number of viral infections

Asia Pacific aquaculture vaccines market share from the viral infection segment is expected to increase at an exponential rate of more than 8.5% up to 2027. Viruses in aquaculture include infectious haematopoietic necrosis viruses, infectious haemorrhagic septicaemia virus, and salmon anaemia. These viral bacteria produce significant economic losses in aquaculture farming.

The development of innovative vaccines and the launch of new vaccines by various firms will fuel the growth of the Asia Pacific aquaculture vaccines market through 2027. Stonehaven Incubate along with Touchlight Genetics, for example, established Touchlight Aquaculture, a new aquaculture vaccine development firm, in September 2020. Touchligh Genetics' technology will be used by the new business to develop novel vaccines, enabling large-scale commercial manufacturing. 

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Quoting another instance, Hipra introduced Iciovac CR/PD vaccines around the world, including Asia Pacific. HIPRA, Merck & Co. Inc., Zoetis Inc., Tecnovax, Virbac, and Veterquimica S.A. are among the key aquaculture vaccines manufacturers and suppliers in Asia Pacific.

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Asia Pacific aquaculture vaccines industry summary, 2016 – 2027

2.1.1    Country trends

2.1.2    Type of vaccines trends

2.1.3    Route of administration trends

2.1.4    Application trends

2.1.5    Species trends

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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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