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Aquaculture Vaccines Market Analysis

  • Report ID: GMI3323
  • Published Date: Nov 2024
  • Report Format: PDF

Aquaculture Vaccines Market Analysis

Based on vaccine type, the global market is segmented into inactivated vaccine, live attenuated vaccine, subunit vaccine, and other vaccine types. The inactivated vaccine segment dominated the market and was valued at USD 302.6 million in 2024.
 

  • The inactivated vaccine segment holds a significant market share in the aquaculture vaccine market, driven by its proven safety and efficacy in protecting fish populations against various bacterial and viral diseases.
     
  • These vaccines, which use killed pathogens to stimulate an immune response, are highly preferred for their ability to provide long-lasting immunity without the risk of causing disease outbreaks.
     
  • Moreover, inactivated vaccines are stable under field conditions and cost effective in nature. Also, this vaccine does not persist in the vaccinated fish or within the environment, thus they are safe in nature. Thus, owing to such factors, the inactivated vaccines will drive the market growth.
     

Based on the route of administration, the aquaculture vaccines market is categorized into injection vaccines, immersion and spray, and oral vaccines. The injection vaccines segment accounted for the highest market share of 60.8% in 2024.
 

  • Injection vaccines are the most common method of vaccine delivery in fish and plays a key role in controlling and preventing the spread of bacterial and viral diseases in aquaculture farming.
     
  • These vaccines allow direct delivery of antigen into the body cavity or muscle, thereby allowing the direct stimulation of systematic immune response. Thus, greater ability of injection vaccines to prevent several bacterial and viral infectious as compared to other route of administration is expected to spur the segmental growth.
     

Based on the application, the global aquaculture vaccines market is categorized into bacterial, viral, parasitic, and combined. The bacterial segment dominated the market in 2024 and is anticipated to reach USD 430.4 million by 2034.
 

  • High segmental share can be attributed to the growing prevalence of bacterial infections in farmed fish and shellfish. Diseases such as Aeromonas and Vibrio infections are major concerns in aquaculture, as they can cause severe economic losses due to high mortality rates and reduced productivity.
     
  • Additionally, the development of advanced bacterial vaccines, including multivalent and recombinant formulations, has enhanced disease prevention strategies, contributing to the segment's dominance.
     
  • Moreover, rising demand for sustainable and antibiotic-free aquaculture practices has further boosted the adoption of bacterial vaccines, as they offer effective protection while minimizing the risk of antimicrobial resistance.
     
Aquaculture Vaccines Market, By Species (2024)

Based on species, the aquaculture vaccines market is segmented into salmon, trout, tilapia, seabass, seabream, turbot, carp, and other species. The salmon segment is expected to grow at 8.1% CAGR over the analysis period.
 

  • Aquaculture vaccines intended for salmon is expected to exhibit high demand over the forecast timeframe due to its high commercial value and widespread cultivation.
     
  • The increasing prevalence of diseases like Infectious Salmon Anemia (ISA), Pancreatic Disease (PD), and Salmonid Rickettsial Septicaemia (SRS) has driven the demand for effective vaccines to ensure healthy yields and minimize economic losses.
     
  • Additionally, the focus on sustainable aquaculture practices and stringent regulations on antibiotic use have further propelled vaccine adoption.
     
  • Furthermore, growing demand for fish protein will add more pressure on the wild fish reserve, thus leading to growth in salmon aquaculture business.
     
Norway Aquaculture Vaccines Market, 2021- 2034 (USD Million)

The European region dominates the aquaculture vaccines industry. In 2024, the Norway held a significant position in the European aquaculture vaccines market and was valued at USD 85.4 million.
 

  • The dominance and growth of Norway market is driven by its robust aquaculture industry, particularly in salmon farming.
     
  • For instance, in 2022, Norway’s aquaculture production surpassed that of the whole of the Europe, with 1.6 million tonnes of aquatic organisms produced, most of which was salmon.
     
  • Thus, as one of the largest producers of farmed salmon, Norway's focus on maintaining the health of its fish populations has led to a high demand for vaccines that prevent diseases and improve fish welfare.
     

The aquaculture vaccines market in Asia Pacific is estimated to grow at a CAGR of 8.6% over the next few years.
 

  • The Asia Pacific region is experiencing significant growth in the market, driven by the increasing demand for sustainable aquaculture practices and the rising prevalence of fish diseases. Countries like China, India, and Vietnam are key contributors to this growth, owing to their large aquaculture industries and government initiatives promoting fish health management.
     
  • Additionally, growing investments in research and development, along with supportive regulatory frameworks, are further accelerating the market's expansion in the region.
     

China is expected to grow significantly during the forecast period.
 

  • Increasing disease outbreaks in farmed fish and shellfish have highlighted the need for effective disease management, boosting the demand for aquaculture vaccines in the country.
     
  • The Chinese government’s strong support for sustainable aquaculture practices, including the reduction of antibiotics use, further accelerates vaccine adoption.
     

Brazil's aquaculture vaccines market is projected to witness growth in coming years.
 

  • Brazil is experiencing significant growth in the aquaculture vaccine market, driven by the rapid expansion of its aquaculture industry and increasing demand for sustainable fish farming practices.
     
  • As one of the largest producers of tilapia and other aquaculture species in Latin America, Brazil faces growing concerns about disease outbreaks that can impact productivity and export potential. This has led to a surge in the adoption of advanced vaccines to ensure fish health and improve yields.
     
  • Additionally, increasing awareness among fish farmers about the economic benefits of preventive healthcare over antibiotic use is boosting the demand for aquaculture vaccines in the country.
     

Egypt is anticipated to grow in the Middle East and African aquaculture vaccines market.
 

  • Egypt is experiencing significant growth in the aquaculture vaccine market, driven by its rapidly expanding aquaculture industry.
     
  • As one of the leading aquaculture producers in Africa, Egypt has been increasingly focusing on disease prevention and control to boost fish production and ensure sustainable practices.
     
  • Additionally, government initiatives promoting aquaculture health management, coupled with investments in research and development, are further propelling the market.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global aquaculture vaccines industry was valued at USD 407.4 million in 2024 and is estimated to grow at a CAGR of 8% from 2025 to 2034, driven by increasing global demand for seafood and sustainable aquaculture practices.

The inactivated vaccine segment was valued at USD 302.6 million in 2024, holding a significant market share due to its proven safety and efficacy in protecting fish populations against various bacterial and viral diseases.

The European region dominates the aquaculture vaccines industry, with Norway's market valued at USD 85.4 million in 2024, driven by its robust aquaculture industry, particularly in salmon farming.

Key players in the sector include CIBA, HIPRA, Kyoto Biken Laboratories, Kemin Industries, Kyoritsuseiyaku Corporation, Merck Animal Health (a division of Merck & Co.), Nisseiken, Phibro Animal Health Corporation, Tecnovax, Virbac, and Veterquimica.

Aquaculture Vaccines Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 13
  • Tables & Figures: 102
  • Countries covered: 24
  • Pages: 135
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