Aquaculture healthcare market research report by 2020 to 2026

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Aquaculture healthcare market trends research and
projections for 2020- 2026

• An upsurge in aquaculture farming and rising
  prevalence of diseases parasites will spur
  aquaculture healthcare market growth. Poor water
  quality with low oxygen content has augmented the
  incidences of disease among aquatic animals,
  which has raised the demand for aquaculture
  healthcare products. Mounting demand for fish
  protein is a key impetus for the growth of the
  market.
• As per the Food and Agriculture Organization
  (FAO), in 2016, the per capita consumption of
  fishes doubled to over 20 kg. Increased demand
  for shrimp and fish along with overfishing of
  other wild varieties of fishes is likely to
  translate into substantial aquaculture healthcare
  industry demand.
• According to a research study conducted by Global
  Market Insights, Inc., aquaculture healthcare
  market size is anticipated to surpass 1 billion
  by 2026.

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• Elaborating on the product spectrum, aquaculture
  healthcare market is segmented into vaccines,
  drugs, and medicated feed additives. In 2019, the
  drug segmented accounted for around 55.5 share
  in the total aquaculture healthcare industry. The
  drug segment comprises anti-infective,
  parasiticides, and anti-inflammatory drugs.
  Prevalence of parasites and diseases has raised
  among farmed fish, which has encouraged research
  development for innovative products to treat
  parasites, such as sea-lice.
• Aquatic animals are prone to various infections,
  including viral, fungal, bacterial, and parasitic
  infections. In 2019, the parasitic infections
  segment stood at 148.3 million. The segmental
  growth can be accredited to the rising
  vulnerability of aquatic animals towards
  parasites, such as sea fleas and sea lice. Also,
  introduction of several innovative products for
  the treatment of such infections will stimulate
  demand for anti-parasitic therapeutics in the
  ensuing years.
• On the basis of species, aquaculture healthcare
  industry can be divided into crustaceans and
  fishes. Aquatic animals, such as shrimps and
  prawns are placed under the crustacean segment,
  which is expected to observe a 6.5 CAGR over
  2020-2026. The growth will stem from the
  intensifying demand for shrimps and prawns and
  the flourishing large crustaceans business in
  South Asian nations.

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• Regional Analysis

• On the basis of the distribution channel,
  aquaculture healthcare market is bifurcated into
  online stores, retail/aqua stores, and
  distributors. The Retail/aqua stores segment is
  likely to grow at a CAGR of 5.9 over the
  forecast period due to the easy availability of
  several therapeutic solutions at retail stores.
  Also, specialty products for aquatic animals are
  easily accessible at aqua stores, which will
  proliferate segmental growth.
• From a regional perspective, in 2019, North
  America aquaculture healthcare industry size was
  valued at 75.8 million. Canada was at the
  forefront of North America market owing to the
  presence of major industry players in the
  country. Moreover, countries in North America are
  witnessing large consumption of seafood, which
  will augment North America aquaculture healthcare
  market size.

• Competitive Analysis

• Key players operating in the industry are Merck,
  Zoetis, Elanco, Vetoquinol, Archer Daniels
  Midland Corporation, Benchmark PLC, and DuPont.
  These companies are focusing on the adoption of
  various inorganic business strategies, such as
  collaborations, mergers, and acquisitions to gain
  a competitive advantage over the market.

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