Europe Aquaculture Vaccines Market Witnessing Enormous Growth USD 170 Million by 2027

Author : Ronak Bora | Published Date : 2021-08-31 

Europe aquaculture vaccines market share is set to witness significant rise with the growing risk of viral and bacterial infections in fish species. Vaccinations are extremely efficient and cost-effective in preserving the health of fish and aquaculture animals from a variety of infectious pathogens in eco-sustainable aquaculture.

HIPRA, Zoetis Inc., Merck & Co. Inc., Veterquimica S.A., Tecnovax, and Virbac, are among the leading aquaculture vaccines manufacturers and suppliers in Europe. Europe aquaculture vaccines market size is estimated to reach USD 170.3 million through 2027.

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The following factors are driving the market forecast:

Rising demand in tilapia farming

Europe aquaculture vaccines market revenue share from tilapia applications is anticipated to reach USD 2 million through 2027. There are approximately 70 species of tilapias, 9 of which are raised in aquaculture. The demand for tilapias has grown at an exponential rate during the previous few decades.

Because of the rapid expansion of fish aquaculture, there has been an increase in viral diseases affecting fish. To combat fish illnesses, many techniques have been devised, including the use of chemical therapies, antibiotics, and vaccinations, among others. However, there are a few disadvantages associated with utilizing chemotherapeutics and antibiotics for illness therapy, such as safety issues and the issue of drug resistance. Therefore, vaccination acts as a fundamental in large-scale tilapia farming and has contributed significantly to their success.

Development of new vaccines

The steady growth of the aquaculture market in Europe is heavily reliant on the prevention of developing and re-emerging infectious illnesses, which can result in food safety concerns and environmental dangers. One of the key factors driving Europe aquaculture vaccines industry is the development and introduction of new vaccines.

Continual research is being conducted in order to create novel vaccinations for existing and newly emerging viral and bacterial diseases. Quoting an instance from March 2018, Hipra launched the Icthiovac VR/PD injectable vaccine to treat pasteurellosis and vibriosis in seabass. Numerous research and financing initiatives for the creation of novel vaccines are likely to impact the Europe aquaculture vaccines market outlook.

Rising usage of immersion vaccines

Europe aquaculture vaccines market share from the immersion vaccines segment is expected to expand at a rate of more than 6.9% between 2021 and 2027. Several bacteria, viruses, parasites, and fungus, have a negative impact on the health of farmed fish, resulting in significant economic losses. Immersion vaccination is used to protect the fish from these potential disease threats. During immersion vaccination, antigens are taken in by the gills, stomach, or skin and processed by the immune system, resulting in fish protection.

Increasing demand across Norway

The Norway aquaculture vaccines market share is expected to grow at a CAGR of more than 6% and reach USD 81.8 million by 2027. Increased aquaculture farming, the presence of significant market participants, the development of novel vaccines are some driving forces. The regional demand is likely to be fueled by the continuous development of novel biologics.

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The consumption of fish is rising across Europe, generating opportunities for expansion of the vaccination industry. Fish dishes including lutefisk and soups are part of traditional cuisine across the region. Fish is included regularly in diets by millennials due to its high protein content.

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    Europe aquaculture vaccines industry summary, 2016 – 2027

2.1.1    Business 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

2.1.6    Country trends

Chapter 3   Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2016 - 2027

3.3    Major factor analysis

3.3.1    Drivers    Surging prevalence of viral and bacterial infections    Increasing aquaculture production in the region    Development and launch of new aquaculture vaccines    Rising adoption of aquaculture vaccines against antibiotics

3.3.2    Industry pitfall and challenges    Stringent regulatory policies for vaccine approval    Complex vaccine development procedures

3.4    Growth potential analysis

3.4.1    By type of vaccines

3.4.2    By route of administration

3.4.3    By application

3.4.4    By species

3.5    COVID-19 impact analysis

3.6    Porter’s analysis

3.7    Competitive review, 2019

3.8    PEST analysis

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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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