North America 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)

BMIRE00028128 | Pages: 111 | Pharmaceuticals | Feb 2023 | Type: Regional | Status: Published

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.  

 

North America Aquaculture Vaccines Market Overview  

 

The North America aquaculture vaccines market is segmented into the US, Canada, and Mexico. The market growth in this region is attributed due to the growing aquaculture industry and surging demand for aquatic animal-derived food products. The US aquaculture vaccines market holds a significant share in North America. The market growth is due to increasing aquaculture production, high prevalence of infectious diseases in the aquaculture sector, and rising development and launch of new aquaculture vaccines. According to The OECD Review of Fisheries 2020, in 2018, the US produced 5.2 million tonnes of fish, valued at US$ 7063.5 million. 83% from fisheries, and 17% of this value came from aquaculture. Between 2008 and 2018, the production quantity increased by 7%, while its value raised by 29%. Further, In July 2020, Zoetis acquired Fish Vet Group from Benchmark Holdings, PLC, as a strategic addition to its Pharma business which develops and commercializes fish vaccines and offers services in vaccination and diagnostics for aquaculture. Adding Fish Vet Group grows the geographic reach and improves the diagnostics expertise and testing services, including environmental testing, that Pharmaq’s reference lab Pharmaq Analytiq can now offer fish farmers in major aquaculture markets. Thus, the growing developments by various market players in the US aquaculture industry, along with the aforementioned factors, will boost the market for aquaculture vaccines in the US.

 

North America Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)   

North America Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)   

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North America Aquaculture Vaccines Market Segmentation

 

The North America aquaculture vaccines market is segmented into type of vaccine, species, route of administration, and country.

 

Based on type of vaccine the North America 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 North America 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 North America 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 North America aquaculture vaccines market is segmented into the US, Canada, and Mexico. The US dominated the aquaculture vaccines market share in 2022.  

 

AquaTactics Fish Health; HIPRA SA; Merck & Co Inc.; Zoetis Inc.; Phibro Animal Health Corp; and Elanco Animal Health Inc. are the leading companies operating in the North America 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        North America Aquaculture Vaccines Market – by Type of Vaccine

1.3.2        North America Aquaculture Vaccines Market – by Species

1.3.3        North America Aquaculture Vaccines Market – by Route of Administration

1.3.4        North America Aquaculture Vaccines Market – by Country

2.           North America Aquaculture Vaccines Market – Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Aquaculture Vaccines Market – Market Landscape

4.1         Overview

4.2         North America PEST Analysis

4.3         Expert’s Opinion

5.           North America 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         Future Trends

5.3.1        Development of Novel Vaccines

5.4         Impact Analysis

6.           Aquaculture Vaccines Market – North America Analysis

6.1         North America Aquaculture Vaccines Market Revenue Forecast & 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

7.3.1        Overview

7.3.2        Live Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Inactivated Vaccines

7.4.1        Overview

7.4.2        Inactivated Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Other Vaccines

7.5.1        Overview

7.5.2        Other Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

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

8.3.1        Overview

8.3.2        Tilapia: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Trout

8.4.1        Overview

8.4.2        Trout: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Salmon

8.5.1        Overview

8.5.2        Salmon: North America 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: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

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

9.3.1        Overview

9.3.2        Injection Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Immersions Vaccines

9.4.1        Overview

9.4.2        Immersions Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Oral Vaccines

9.5.1        Overview

9.5.2        Oral Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 – Country Analysis

10.1      North America: Aquaculture Vaccines Market

10.1.1     Overview

10.1.1.1       US: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Overview

10.1.1.1.2       US: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.3       US: Aquaculture Vaccines Market, by Type of Vaccine, 2019–2028 (US$ Million)

10.1.1.1.4       US: Aquaculture Vaccines Market, by Species, 2019–2028 (US$ Million)

10.1.1.1.5       US: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (US$ Million)

10.1.1.2       Canada: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Overview

10.1.1.2.2       Canada: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.3       Canada: Aquaculture Vaccines Market, by Type of Vaccine, 2019–2028 (US$ Million)

10.1.1.2.4       Canada: Aquaculture Vaccines Market, by Species, 2019–2028 (US$ Million)

10.1.1.2.5       Canada: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (US$ Million)

10.1.1.3       Mexico: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Overview

10.1.1.3.2       Mexico: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.3       Mexico: Aquaculture Vaccines Market, by Type of Vaccine, 2019–2028 (US$ Million)

10.1.1.3.4       Mexico: Aquaculture Vaccines Market, by Species, 2019–2028 (US$ Million)

10.1.1.3.5       Mexico: 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      AquaTactics Fish Health

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      HIPRA SA

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      Merck & Co Inc

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      Zoetis Inc

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      Phibro Animal Health Corp

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      Elanco Animal Health Inc

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

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

 

 

LIST OF TABLES

Table 1.             US Aquaculture Vaccines Market, by Type of Vaccine – Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada Aquaculture Vaccines Market, by Type of Vaccine – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico Aquaculture Vaccines Market, by Type of Vaccine – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Recent Organic Growth Strategies in Aquaculture Vaccines Market

Table 11.          Recent Inorganic Growth Strategies in the Aquaculture Vaccines Market

Table 12.          Glossary of Terms

 

 

LIST OF FIGURES

Figure 1.           North America Aquaculture Vaccines Market Segmentation

Figure 2.           North America Aquaculture Vaccines Market, by Country

Figure 3.           North America Aquaculture Vaccines Market Overview

Figure 4.           Inactivated Vaccine Segment Held Largest Share of Type Segment in North America Aquaculture Vaccines Market

Figure 5.           Canada is Expected to Show Remarkable Growth During Forecast Period

Figure 6.           North America: PEST Analysis

Figure 7.           Experts’ Opinion

Figure 8.           North America Aquaculture Vaccines Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Aquaculture Vaccines Market – Revenue Forecast and Analysis – 2020- 2028

Figure 10.        North America Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)

Figure 11.        Live Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Inactivated Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Other Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Aquaculture Vaccines Market, by Species 2021 & 2028 (%)

Figure 15.        Tilapia: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Trout: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Salmon: North America 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: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)

Figure 21.        Injection Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Immersions Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Oral Vaccines: North America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America: Aquaculture Vaccines Market, by Key Country – Revenue (2021) (US$ Million)

Figure 25.        North America: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)

Figure 26.        US: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Canada: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Mexico: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Growth Strategies in Aquaculture Vaccines Market

  1. AquaTactics Fish Health
  2. HIPRA SA
  3. Merck & Co Inc.
  4. Zoetis Inc.
  5. Phibro Animal Health Corp
  6. Elanco Animal Health Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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

 

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