Asia Pacific Aquaculture Vaccines Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type of Vaccine (Live Vaccine, Inactivated Vaccine, and Others), Species (Tilapia, Trout, Salmon, Shrimps, and Others), and Route of Administration (Injection Vaccines, Immersion Vaccines, and Oral Vaccines)
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.
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
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
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
LIST OF TABLES
Table 1. China Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 2. China Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 10. Australia Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 11. Australia Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 12. Australia Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 16. Indonesia Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 17. Indonesia Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 18. Indonesia Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 19. New Zealand Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 20. New Zealand Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 21. New Zealand Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)
Table 25. Recent Organic Growth Strategies in Aquaculture Vaccines Market
Table 26. Recent Inorganic Growth Strategies in the Aquaculture Vaccines Market
Table 27. Glossary of Terms
LIST OF FIGURES
Figure 1. Asia Pacific Aquaculture Vaccines Market Segmentation
Figure 2. Asia Pacific Aquaculture Vaccines Market, by Country
Figure 3. Asia Pacific Aquaculture Vaccines Market Overview
Figure 4. Inactivated Vaccine Segment Held Largest Share of Type Segment in Asia Pacific Aquaculture Vaccines Market
Figure 5. Japan is Expected to Show Remarkable Growth During Forecast Period
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. Asia Pacific Aquaculture Vaccines Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Aquaculture Vaccines Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. Asia Pacific Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
Figure 11. Live Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Inactivated Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Other Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
Figure 15. Tilapia: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Trout: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Salmon: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Shrimps: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
Figure 21. Injection Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Immersions Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Oral Vaccines: Asia Pacific Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific: Aquaculture Vaccines Market, by Key Country – Revenue (2021) (US$ Million)
Figure 25. China: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. India: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Australia: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. South Korea: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Indonesia: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. New Zealand: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Asia Pacific: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Growth Strategies in Aquaculture Vaccines Market
- Elanco Animal Health Inc
- HIPRA SA
- Merck & Co Inc.
- Phibro Animal Health Corp
- Zoetis Inc.
- Indian Immunologicals Ltd
- Nisseiken Co Ltd
- 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