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Europe 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)
Market Report I 2023-02-17 I 126 Pages I The Insight Partners
The Europe aquaculture vaccines market is expected to grow from US$ 98.58 million in 2022 to US$ 202.54 million by 2028. It is estimated to grow at a CAGR of 12.8% from 2022 to 2028.
Surging Demand for Aquatic Animal-Derived Food Products is Driving the Europe Aquaculture Vaccines Market
The growing demand for aquatic animal-derived food products such as oil, caviar, protein powders, and meat encourages farmers to use vaccinations for aquaculture to gain high profitability. Consumers are becoming aware of the nutritious value of animal protein. The demand for healthy, sustainable, and high-quality meat products with fewer or no drugs is also increasing rapidly. Regular fish consumption is widely promoted as a part of a healthy diet. Fishes have a high protein content compared to terrestrial animal meat and have a lower feed conversion rate (FCR) than land animals, and more protein can be produced using this lower feed rate from fish. Furthermore, fish protein is highly digestible and rich in essential amino acids that are low in animal-sourced protein. Fish and shellfish consumption can decrease the risk of heart disease, inflammation, and arthritis. The health benefits of fish are mainly linked to the presence of long-chain omega 3 (n -3) polyunsaturated fatty acids (PUFA). In addition, fish protein is a rich source of bioactive peptides. These can offer many positive health benefits if they are consumed in an appropriate concentration and bioavailable within the human body. Further, health benefits include the control of blood pressure through the inhibition of enzymes within the renin-angiotensin-aldosterone system (RAAS); maintenance of bone health; control of inflammation (antioxidant peptides), mental health through the action of opioid peptides and platelet-activating factor acetyl-hydrolase inhibitory (PAF-AH) peptides), and several other bioactivities. Thus, the need for healthy breeding of aquatic animals is increasing, propelling the Europe aquaculture vaccines market .
Europe Aquaculture Vaccines Market Overview
The Europe aquaculture vaccines market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The region holds a significant market share in the aquaculture vaccines market. The European aquaculture vaccines market is expected to witness significant growth during the forecast period due to factors such as the significant growth in aquaculture industry, surging demand for aquatic animal-derived food products, growing research and development activities for aquaculture vaccines development by market players in the region.
The UK is one of the major fisheries and aquaculture nations in Europe. The OECD Review of Fisheries 2020, In 2018, the UK produced 0.9 million tonnes of fish, with a value of US$ 2667.2 million. 50% of this value came from aquaculture and 50% from fisheries. Between 2008 and 2018, the quantity produced improved by 17%, while its value increased by 25%. The UK is a net importer of fish and fish products. Between 2008 and 2018, exports grew by a total of 18%. DNA vaccines have the potential to enable cost-efficient, safe, and more effective immunization with shorter production timelines, improving availability. DNA vaccines have already been shown to be safe and effective, with approvals already granted for veterinary use. However, these have shown some limitations in terms of commercial scalability, which resulted in limited widespread adoption. Thus, the increasing aquaculture production, and market players are adopting inorganic growth strategies are likely to foster the growth of the Europe aquaculture vaccines market during the forecast period.
Europe Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)
Europe Aquaculture Vaccines Market Segmentation
The Europe aquaculture vaccines market is segmented into type of vaccine, species, route of administration, and country.
Based on type of vaccine the Europe 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 Europe 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 Europe 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 Europe aquaculture vaccines market is segmented into the Germany, the UK, France, Italy, Spain, Norway, and the Rest of Europe. Norway dominated the aquaculture vaccines market share in 2022.
Microsynbiotix Ltd; HIPRA SA; Merck & Co Inc.; Zoetis Inc.; Phibro Animal Health Corp; and Elanco Animal Health Inc. are the leading companies operating in the Europe aquaculture vaccines market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Aquaculture Vaccines Market - by Type of Vaccine
1.3.2 Europe Aquaculture Vaccines Market - by Species
1.3.3 Europe Aquaculture Vaccines Market - by Route of Administration
1.3.4 Europe Aquaculture Vaccines Market - by Country
2. Europe Aquaculture Vaccines Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aquaculture Vaccines Market - Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Expert's Opinion
5. Europe 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 - Europe Analysis
6.1 Europe Aquaculture Vaccines Market Revenue Forecast & Analysis
7. Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Type of Vaccine
7.1 Overview
7.2 Europe Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
7.3 Live Vaccines
7.3.1 Overview
7.3.2 Live Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Inactivated Vaccines
7.4.1 Overview
7.4.2 Inactivated Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Other Vaccines
7.5.1 Overview
7.5.2 Other Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8. Europe Aquaculture Vaccines Market Analysis and Forecasts to 2028 - by Species
8.1 Overview
8.2 Europe Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
8.3 Tilapia
8.3.1 Overview
8.3.2 Tilapia: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Trout
8.4.1 Overview
8.4.2 Trout: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Salmon
8.5.1 Overview
8.5.2 Salmon: Europe 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: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9. Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Route of Administration
9.1 Overview
9.2 Europe Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
9.3 Injection Vaccines
9.3.1 Overview
9.3.2 Injection Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Immersions Vaccines
9.4.1 Overview
9.4.2 Immersions Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Vaccines
9.5.1 Overview
9.5.2 Oral Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10. Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 - Country Analysis
10.1 Overview
10.1.1 Europe: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
10.1.1.1 Germany: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Overview
10.1.1.1.2 Germany: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.3 Germany: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.1.4 Germany: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.1.5 Germany: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.2 UK: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Overview
10.1.1.2.2 UK: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.3 UK: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.2.4 UK: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.2.5 UK: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.3 France: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Overview
10.1.1.3.2 France: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.3 France: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.3.4 France: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.3.5 France: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.4 Italy: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Overview
10.1.1.4.2 Italy: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.3 Italy: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.4.4 Italy: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.4.5 Italy: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.5 Spain: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Overview
10.1.1.5.2 Spain: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.3 Spain: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.5.4 Spain: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.5.5 Spain: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.6 Norway: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Overview
10.1.1.6.2 Norway: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.3 Norway: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.6.4 Norway: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.6.5 Norway: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (US$ Million)
10.1.1.7 Rest of Europe: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.7.1 Overview
10.1.1.7.2 Rest of Europe: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.7.3 Rest of Europe: Aquaculture Vaccines Market, by Type of Vaccine, 2019-2028 (US$ Million)
10.1.1.7.4 Italy: Aquaculture Vaccines Market, by Species, 2019-2028 (US$ Million)
10.1.1.7.5 Rest of Europe: 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 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 Microsynbiotix Ltd
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. Germany Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 4. UK Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 5. UK Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 6. UK Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 7. France Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 8. France Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 9. France Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 13. Spain Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 14. Spain Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 15. Spain Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 16. Norway Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 17. Norway Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 18. Norway Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Aquaculture Vaccines Market, by Type of Vaccine - Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy Aquaculture Vaccines Market, by Species - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe Aquaculture Vaccines Market, by Route of Administration - Revenue and Forecast to 2028 (US$ Million)
Table 22. Recent Organic Growth Strategies in Aquaculture Vaccines Market
Table 23. Recent Inorganic Growth Strategies in the Aquaculture Vaccines Market
Table 24. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Aquaculture Vaccines Market Segmentation
Figure 2. Europe Aquaculture Vaccines Market, by Country
Figure 3. Europe Aquaculture Vaccines Market Overview
Figure 4. Inactivated Vaccine Segment Held Largest Share of Type Segment in Europe Aquaculture Vaccines Market
Figure 5. Asia Pacific Expected to Show Remarkable Growth During Forecast Period
Figure 6. Europe: PEST Analysis
Figure 7. Experts' Opinion
Figure 8. Europe Aquaculture Vaccines Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Aquaculture Vaccines Market - Revenue Forecast and Analysis - 2020- 2028
Figure 10. Europe Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
Figure 11. Live Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Inactivated Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Other Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
Figure 15. Tilapia: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Trout: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Salmon: Europe 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: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
Figure 21. Injection Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Immersions Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Oral Vaccines: Europe Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Aquaculture Vaccines Market, by Key Country - Revenue (2021) (US$ Million)
Figure 25. Europe: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
Figure 26. Germany: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Spain: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Norway: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Growth Strategies in Aquaculture Vaccines Market
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