South & Central 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)
The South & Central America aquaculture vaccines market is expected to grow from US$ 11.47 million in 2022 to US$ 23.07 million by 2028. It is estimated to grow at a CAGR of 12.4% from 2022 to 2028.
Development of Novel Vaccines is Driving the South & Central America Aquaculture Vaccines Market
In recent years, aquaculture has attained a major economic revolution. Advancements in science have paved new avenues in basic and applied research areas for developing and designing novel and effective vaccines and improving existing vaccines for various infectious diseases. Recent developments in vaccines and vaccinology are done to discover new vaccine candidates to combat fish pathogens, including mycotic and parasitic agents, for which vaccines are still lacking. Therefore, novel vaccine developments are expected to boost for South & Central America aquaculture vaccines market during the forecast period.
South & Central America Aquaculture Vaccines Market Overview
SAM aquaculture vaccines market includes Brazil, Argentina, Chile, and Rest of SAM. The market for aquaculture vaccines in the region is expected to have growth opportunities during the forecast period. The aquaculture vaccines market in the SAM region is expected to grow owing to factors such as, an increase in cases of infectious diseases in fishes in the region and increasing fish consumption drive the market in the region. According to World Bank data, Brazil is a giant in Latin America: it boasts a population of more than 213 million people and a GDP of some USD 1.45 trillion (EUR 1.33 trillion). It exports only about USD 365 million (EUR 334 million) in seafood, but the Brazilian Trade and Investment Promotion Agency, Apex-Brasil, is looking to change that. Brazilian farmed fish exports totaled 9,900 tons in 2021, 49% more than in 2020, according to Embrapa data in partnership with the Brazilian Fish Farming Association (PeixeBR). Revenue from shipments increased by 78% to US$20.7 million.
The three main destinations for Brazilian fish accounted together for more than 80% of exports. The United States ranked first, with 64% of participation, and Colombia ranked second, with 9% participation. The main item on the list of exports to the US was frozen whole fish, totaling US$ 6.2 million, followed by fresh or chilled fillets (US$ 5 million) and frozen fillets (US$ 2 million). Thus, owing to the above-mentioned factors the aquaculture vaccines market in Brazil is expected to grow during the forecast period.
South & Central America Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)
The South & Central America aquaculture vaccines market is segmented into type of vaccine, species, route of administration, and country.
Based on type of vaccine, the South & Central 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 South & Central 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 South & Central 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 South & Central America aquaculture vaccines market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the aquaculture vaccines market share in 2022.
Elanco Animal Health Inc; HIPRA SA; Merck & Co Inc.; Phibro Animal Health Corp; Tecnovax SA; VETERQUIMICA SA; and Zoetis Inc.; are the leading companies operating in the South & Central 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 South America Aquaculture Vaccines Market – by Type of Vaccine
1.3.2 South America Aquaculture Vaccines Market – by Species
1.3.3 South America Aquaculture Vaccines Market – by Route of Administration
1.3.4 South America Aquaculture Vaccines Market – by Country
2. South America Aquaculture Vaccines Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Aquaculture Vaccines Market – Market Landscape
4.1 Overview
4.2 South America PEST Analysis
4.3 Expert’s Opinion
5. South 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 – South America Analysis
6.1 South America: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
7. South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 – by Type of Vaccine
7.1 Overview
7.2 South 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: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Inactivated Vaccines
7.4.1 Overview
7.4.2 Inactivated Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Other Vaccines
7.5.1 Overview
7.5.2 Other Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Aquaculture Vaccines Market Analysis and Forecasts to 2028 – by Species
8.1 Overview
8.2 South America Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
8.3 Tilapia
8.3.1 Overview
8.3.2 Tilapia: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Trout
8.4.1 Overview
8.4.2 Trout: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Salmon
8.5.1 Overview
8.5.2 Salmon: South 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: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 – by Route of Administration
9.1 Overview
9.2 South 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: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Immersions Vaccines
9.4.1 Overview
9.4.2 Immersions Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Vaccines
9.5.1 Overview
9.5.2 Oral Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 – Country Analysis
10.1 Overview
10.1.1 South America: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
10.1.1.1 Brazil: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.1.1 Overview
10.1.1.1.2 Brazil: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.1.3 Brazil: Aquaculture Vaccines Market, by Type of Vaccines, 2019–2028 (USD Million)
10.1.1.1.4 Brazil: Aquaculture Vaccines Market, by Species, 2019–2028 (USD Million)
10.1.1.1.5 Brazil: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (USD Million)
10.1.1.2 Argentina: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.2.1 Overview
10.1.1.2.2 Argentina: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.2.3 Argentina: Aquaculture Vaccines Market, by Type of Vaccines, 2019–2028 (USD Million)
10.1.1.2.4 Argentina: Aquaculture Vaccines Market, by Species, 2019–2028 (USD Million)
10.1.1.2.5 Argentina: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (USD Million)
10.1.1.3 Chile: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.3.1 Overview
10.1.1.3.2 Chile: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.3.3 Chile: Aquaculture Vaccines Market, by Type of Vaccines, 2019–2028 (USD Million)
10.1.1.3.4 Chile: Aquaculture Vaccines Market, by Species, 2019–2028 (USD Million)
10.1.1.3.5 Chile: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (USD Million)
10.1.1.4 Rest of South America: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.4.1 Overview
10.1.1.4.2 Rest of South America: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
10.1.1.4.3 Rest of South America: Aquaculture Vaccines Market, by Type of Vaccines, 2019–2028 (USD Million)
10.1.1.4.4 Rest of South America: Aquaculture Vaccines Market, by Species, 2019–2028 (USD Million)
10.1.1.4.5 Rest of South America: Aquaculture Vaccines Market, by Route of Administration, 2019–2028 (USD 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 Zoetis 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 VETERQUIMICA SA
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
12.7 Tecnovax SA
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. Brazil: Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil: Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil: Aquaculture Vaccines Market, by Route of Administration– Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina: Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina: Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina: Aquaculture Vaccines Market, by Route of Administration– Revenue and Forecast to 2028 (USD Million)
Table 7. Chile: Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (USD Million)
Table 8. Chile: Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (USD Million)
Table 9. Chile: Aquaculture Vaccines Market, by Route of Administration – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of South America: Aquaculture Vaccines Market, by Type of Vaccines – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South America: Aquaculture Vaccines Market, by Species – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South America: Aquaculture Vaccines Market, by Route of Administration– Revenue and Forecast to 2028 (USD Million)
Table 13. Recent Organic Growth Strategies in Aquaculture Vaccines Market
Table 14. Recent Inorganic Growth Strategies in the Aquaculture Vaccines Market
Table 15. Glossary of Terms
LIST OF FIGURES
Figure 1. South America Aquaculture Vaccines Market Segmentation
Figure 2. South America Aquaculture Vaccines Market, by Country
Figure 3. South America Aquaculture Vaccines Market Overview
Figure 4. Inactivated Vaccine Segment Held Largest Share of Type Segment in South America Aquaculture Vaccines Market
Figure 5. Argentina is Expected to Show Remarkable Growth During Forecast Period
Figure 6. South America: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. South America Aquaculture Vaccines Market Impact Analysis of Drivers and Restraints
Figure 9. South America Aquaculture Vaccines Market Revenue and Forecast to 2028 (USD Million)
Figure 10. South America Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
Figure 11. Live Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Inactivated Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Other Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. South America Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
Figure 15. Tilapia: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Trout: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Salmon: South 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: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
Figure 21. Injection Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Immersions Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Oral Vaccines: South America Aquaculture Vaccines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. South America: Aquaculture Vaccines Market, by Key Country – Revenue (2021) (USD Million)
Figure 25. South America: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
Figure 26. Brazil: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Argentina: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. Chile: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of South America: Aquaculture Vaccines Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Growth Strategies in Aquaculture Vaccines Market
- Elanco Animal Health Inc
- HIPRA SA
- Merck & Co Inc.
- Phibro Animal Health Corp
- Zoetis Inc.
- Tecnovax SA
- VETERQUIMICA SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America aquaculture vaccines market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the aquaculture vaccines market, as well as those hindering it
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