Global To Spell Exaltation For The Commercial Aquaculture Vaccines Market

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Commercial Aquaculture Vaccines Market
Report Id PMRREP32289 Category Life Science
Healthcare
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Global To Spell Exaltation For The Commercial
Aquaculture Vaccines Market

• An increase in global consumption and production
  of aquatic species exhibits exponential growth
  potential for the commercial aquaculture vaccines
  market. Additionally, increased prevalence of
  bacterial and zoonotic infections among
  aquaculture species has been observed, which has
  widened market opportunities.
• The COVID-19 pandemic has changed animal
  healthcare priorities and spending, but this is
  considered to be a short-term negative impact on
  the vaccines market. Disruptions in supply chain
  across the global fish aquaculture industry and
  rising awareness of animal to human pathogen
  transmission risks are expected to slow down the
  market in the short term.
• Overall, the global commercial aquaculture
  vaccines market is projected to expand at a
  healthy CAGR of close to 7 through 2030.

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Key Takeaways from Commercial Aquaculture
Vaccines Market Study
Based on vaccine type, inactivated vaccines are
the most profitable segment leading the market,
and are expected to gain more than 70 of market
revenue share over the forecast period. Among all
the pathogens, bacteria widely dominates (over
70) due to high prevalence of bacterial
infections among aquaculture. Salmon is a widely
dominating species in the market, due to rising
production of the fish in leading developed
countries, accounting for more than 55 of market
share value. The intraperitoneal route of
administration is most preferred, due to high
immune response elicitation of fish, and low
stress and post-vaccination side effects. Among
the different end-users, fish farming companies
will hold more than 80 of revenue share over the
forecast period. Europe is the largest market for
commercial aquaculture vaccines, with Norway
holding close to half of the share in this
regional market. Growth of the market is pegged
at just 2.2 in 2021, but over the long term
through 2030, it will get back to its normal
growth trajectory of close to 7
CAGR. Increasing awareness of animal food
pathogen transmission risks and rising prevalence
of zoonotic infections are expected to boost
demand for commercial aquaculture vaccines
market, says an analyst of Persistence Market
Research.
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