Dublin, March 10, 2023 (GLOBE NEWSWIRE) -- The "North America Aquaculture Vaccines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type of Vaccine, Species, and Route of Administration" report has been added to ResearchAndMarkets.com's offering.
The North America aquaculture vaccines market is expected to grow from US$ 125.36 million in 2022 to US$ 256.32 million by 2028. It is estimated to grow at a CAGR of 12.7% from 2022 to 2028.
Growing Aquaculture Industry is Driving the North America Aquaculture Vaccines Market
According to the data in a report titled The State of World Fisheries and Aquaculture" published by the Food and Agriculture Organization of the United Nations in 2022, global consumption of aquatic foods, excluding algae, has increased by more than five times the quantity consumed nearly 60 years ago. Aquatic food consumption across the world increased from 28 million tonnes in 1961 to ~158 million tonnes in 2019. The consumption increased at an average annual rate of 3.0 % from 1961, compared with a population growth rate of 1.6 %.
Per capita consumption is rising due to increasing supplies, changing consumer preferences, and growing income. In 2019, the Food and Agriculture Organization of the United Nations estimated the per capita consumption of aquatic foods for 227 countries. Regarding population, the countries consuming less than the world average accounted for 54 % of the world population in 2019. The rising consumption of aquatic animals is expediting the growth of the aquaculture industry. Aquaculture vaccines lower the chance of infection and increase the yield of products. Therefore, the growing aquaculture industry fuels the growth of the aquaculture vaccines market.
Market Dynamics
Market Drivers
- Growing Aquaculture Industry
- Surging Demand for Aquatic Animal-Derived Food Products
Market Restraints
- Strict Regulatory Policies for Approval of Vaccines and High Cost of Vaccines
Future Trends
- Development of Novel Vaccines
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 111 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $125.36 Million |
| Forecasted Market Value (USD) by 2028 | $256.32 Million |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | North America |
Key Topics Covered:
1. Introduction
2. North America Aquaculture Vaccines Market - Key Takeaways
3. Research Methodology
4. North America Aquaculture Vaccines Market - Market Landscape
5. North America Aquaculture Vaccines Market - Key Market Dynamics
6. Aquaculture Vaccines Market - North America Analysis
7. North America Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Type of Vaccine
7.1 Overview
7.2 North America Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
7.3 Live Vaccines
7.4 Inactivated Vaccines
7.5 Other Vaccines
8. North America Aquaculture Vaccines Market Analysis and Forecasts to 2028 - by Species
8.1 Overview
8.2 North America Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
8.3 Tilapia
8.4 Trout
8.5 Salmon
8.7 Shrimps
8.8 Others
9. North America Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Route of Administration
9.1 Overview
9.2 North America Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
9.3 Injection Vaccines
9.4 Immersions Vaccines
9.5 Oral Vaccines
10. North America Aquaculture Vaccines Market - Revenue and Forecast to 2028 - Country Analysis
11. Aquaculture Vaccines Market - Industry Landscape
12. Company Profiles
13. Appendix
A selection of companies mentioned in this report includes
- AquaTactics Fish Health
- HIPRA SA
- Merck & Co Inc.
- Zoetis Inc.
- Phibro Animal Health Corp
- Elanco Animal Health Inc
For more information about this report visit https://www.researchandmarkets.com/r/821r6k
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