Product Code: BMIRE00028088
The Asia Pacific aquaculture vaccines market is expected to grow from US$ 33.05 million in 2022 to US$ 74.98 million by 2028. It is estimated to grow at a CAGR of 14.6% from 2022 to 2028.
Rising Prevalence of Infectious Diseases in Aquatic Animals is Driving the Asia Pacific Aquaculture Vaccines Market
As per the research study titled "Prevalence of Anisakid Nematodes in Fish in China: A Systematic Review and Meta-Analysis" published by the National Library of Medicine (NLM) in February 2022, the anisakid nematodes were widespread in fish across China with a pooled incidence rate of 45.5% and the occurrence percentage for fresh fish was the greatest (58.1%). Eastern China had the highest prevalence rate of anisakid nematodes (55.3%), while the prevalence of anisakid nematodes (76.8%) was highest in East China Sea. According to the data published in Aquaculture Research & Development journal, ~219 cases of infectious diseases in the fresh aquaculture sector were registered from 2014 to 2018. Among these, 74.88% were parasitic, 12.80% were bacterial, 1.83% were viral, and 10.50% cases were a mix of parasitic and bacterial diseases. Therefore, the high prevalence of infectious diseases is expected to boost the demand for vaccines, which would provide lucrative opportunities for the aquaculture vaccines market in the coming years.
Asia Pacific Aquaculture Vaccines Market Overview
The Asia Pacific aquaculture vaccines market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market growth in these countries is attributed to the rising aquaculture sector in the region and favorable government initiatives. Moreover, expansion and product launch strategies implemented by market players are expected to contribute to the growth of the aquaculture vaccines market in the region. As a major consumer market, China drives significant demand for seafood. Species such as trout and salmon, which were once considered as luxurious are now affordable to the country's middle-class consumers. Additionally, by 2030, China will become an overconsumer of seafood and will require between 6 to 18 tons of seafood to meet consumer demand, according to a 2020 report from the Stockholm Resilience Centre. This is due to rapidly growing levels of seafood consumption, with Chinese consumers consuming over 35 kg of seafood per person in 2020. According to the Chinese Academy of Engineering Forecast, total aquaculture demand and production will grow from 81 million tonnes to 100 million tonnes by 2035. Thus, China's strategy to move towards a market-based, demand-driven economy for aquaculture products, growing fish diseases, and rising demand for seafood among the population will support the aquaculture vaccines market growth.
Asia Pacific Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Aquaculture Vaccines Market Segmentation
The Asia Pacific aquaculture vaccines market is segmented into type of vaccine, species, route of administration, and country.
Based on type of vaccine the Asia Pacific aquaculture vaccines market, is segmented into live vaccines, inactivated vaccines, other vaccines. The inactivated vaccines segment held the largest market share in in 2022.
Based on species, the Asia Pacific aquaculture vaccines market is divided into tilapia, trout, salmon, shrimps, and others. The salmon segment held the largest share of the market in 2022
Based on route of administration the Asia Pacific aquaculture vaccines market, is segmented into injection vaccines, immersions vaccines, and oral vaccines. The injection vaccines segment held the largest share of the market in 2022.
Based on country, the Asia Pacific aquaculture vaccines market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the aquaculture vaccines market share in 2022.
Elanco Animal Health Inc; HIPRA SA; Merck & Co Inc.; Phibro Animal Health Corp; Zoetis Inc.; Indian Immunologicals Ltd; and Nisseiken Co Ltd are the leading companies operating in the Asia Pacific aquaculture vaccines market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific aquaculture vaccines market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific aquaculture vaccines market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the aquaculture vaccines market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia Pacific Aquaculture Vaccines Market - by Type of Vaccine
- 1.3.2 Asia Pacific Aquaculture Vaccines Market - by Species
- 1.3.3 Asia Pacific Aquaculture Vaccines Market - by Route of Administration
- 1.3.4 Asia Pacific Aquaculture Vaccines Market - by Country
2. Asia Pacific Aquaculture Vaccines Market - Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Asia Pacific Aquaculture Vaccines Market - Market Landscape
- 4.1 Overview
- 4.2 Asia Pacific PEST Analysis
- 4.3 Expert's Opinion
5. Asia Pacific Aquaculture Vaccines Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Aquaculture Industry
- 5.1.2 Surging Demand for Aquatic Animal-Derived Food Products
- 5.2 Market Restraints
- 5.2.1 Strict Regulatory Policies for Approval of Vaccines and High Cost of Vaccines
- 5.3 Market Opportunities
- 5.3.1 Rising Prevalence of Infectious Diseases in Aquatic Animals
- 5.4 Future Trends
- 5.4.1 Development of Novel Vaccines
- 5.5 Impact Analysis
6. Aquaculture Vaccines Market - Asia Pacific Analysis
- 6.1 Asia Pacific Aquaculture Vaccines Market Revenue Forecast & Analysis
7. Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Type of Vaccine
- 7.1 Overview
- 7.2 Asia Pacific Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
- 7.3 Live Vaccines
- 7.3.1 Overview
- 7.3.2 Live Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Inactivated Vaccines
- 7.4.1 Overview
- 7.4.2 Inactivated Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Other Vaccines
- 7.5.1 Overview
- 7.5.2 Other Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Aquaculture Vaccines Market Analysis and Forecasts to 2028 - by Species
- 8.1 Overview
- 8.2 Asia Pacific Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
- 8.3 Tilapia
- 8.3.1 Overview
- 8.3.2 Tilapia: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Trout
- 8.4.1 Overview
- 8.4.2 Trout: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Salmon
- 8.5.1 Overview
- 8.5.2 Salmon: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 8.7 Shrimps
- 8.7.1 Overview
- 8.7.2 Shrimps: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Route of Administration
- 9.1 Overview
- 9.2 Asia Pacific Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
- 9.3 Injection Vaccines
- 9.3.1 Overview
- 9.3.2 Injection Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Immersions Vaccines
- 9.4.1 Overview
- 9.4.2 Immersions Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Oral Vaccines
- 9.5.1 Overview
- 9.5.2 Oral Vaccines: Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Aquaculture Vaccines Market - Revenue and Forecast to 2028 - Country Analysis
- 10.1 Overview
- 10.1.1 Asia Pacific: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
- 10.1.1.1 China: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 Overview
- 10.1.1.1.2 China: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.3 China: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.1.4 China: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.1.5 China Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.2 Japan: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Overview
- 10.1.1.2.2 Japan: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.3 Japan: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.2.4 Japan: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.2.5 Japan: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.3 India: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 Overview
- 10.1.1.3.2 India: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.3 India: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.3.4 India: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.3.5 India: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.4 Australia: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Overview
- 10.1.1.4.2 Australia: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.3 Australia: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.4.4 Australia: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.4.5 Australia: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.5 South Korea: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.5.1 Overview
- 10.1.1.5.2 South Korea: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.5.3 South Korea: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.5.4 South Korea: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.5.5 South Korea: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.6 Indonesia: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.6.1 Overview
- 10.1.1.6.2 Indonesia: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.6.3 Indonesia: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.6.4 Indonesia: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.6.5 Indonesia: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.7 New Zealand: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.7.1 Overview
- 10.1.1.7.2 New Zealand: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.7.3 New Zealand: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.7.4 New Zealand: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.7.5 New Zealand: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
- 10.1.1.8 Rest of Asia Pacific: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.8.1 Overview
- 10.1.1.8.2 Rest of Asia Pacific: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.8.3 Rest of Asia Pacific: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (US$ Million)
- 10.1.1.8.4 Rest of Asia Pacific: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
- 10.1.1.8.5 Rest of Asia Pacific: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
11. Aquaculture Vaccines Market - Industry Landscape
- 11.1 Overview
- 11.2 Growth Strategies in Aquaculture Vaccines Market
- 11.3 Organic Growth Strategies
- 11.4 Inorganic Growth Strategies
12. Company Profiles
- 12.1 HIPRA SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Merck & Co Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Indian Immunologicals Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Nisseiken Co Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Zoetis Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Phibro Animal Health Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Elanco Animal Health Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms