Aquaculture Healthcare Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026
Category: #business  By Ronak Bora  Date: 2021-03-20
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Aquaculture Healthcare Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Aquaculture Healthcare Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Aquaculture healthcare market size is fostered by the growing commercialization of sea-food along with a focus on eliminating transboundary aquatic animal pathogens/disease. The aquaculture industry has been overwhelmed with its share of diseases and illnesses caused by bacteria, viruses, parasites, fungi and other undiagnosed and emerging pathogens. Factors such as poor nutrition quality, infected water, crowded conditions on fish farms and low oxygen content further increases the susceptibility of aquatic animals to diseases. Growing demand for aquatic therapeutics drugs to control disease spread will favor aquaculture healthcare product developments.

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Increasing incidence of diseases and parasites in farmed fish along with growing demand for fish protein across the globe will be key contributing factors towards the industry expansion. Reports suggests that aquaculture healthcare market size will exceed USD 1 billion in terms of yearly remunerations by 2026.

In terms of the species, crustaceans consumption is projected to witness a notable expansion through 2026, with growing consumption of crabs, lobsters, prawns, and shrimps. Different types of disease outbreak among aquatic species may be caused by bacterial infection, viral infection, parasitic infection, and fungal infection. Fungal infections accounted for a revenue share worth US$$19.9 million of aquaculture healthcare industry in 2019.

Fungi can exploit any failures within the aquatic environment that could affect organisms during any stage of their development. Fungi are a major source of infections during the freshwater development phase of commercial fish farming.  Aquaculture healthcare solutions can be administered orally, topically, or through injections. In 2019, injectables captured more than 55% revenue share of aquaculture healthcare market. Injectable vaccines generally include an oil or water-based compound called adjuvant that serves as a stimulant to the immune system.

Latin America aquaculture healthcare market size was valued US$110 million in 2019 and is estimated to grow at a 6% CAGR through 2026. The region has witnessed a notable rise in consumption of fish and seafood, with growing health concerns among consumers. The seas of the Caribbean and Latin America a major source of fish and seafood for thousands of consumers. The surging seafood demand and adoption of sustainable fish farming methods will likely augment the need for aquaculture healthcare products.

Aquaculture healthcare products can be distributed and supplied via online stores, retail and aqua stores, and through distributors. Online stores segment is projected to grow at a CAGR of over 6% through 2026 worldwide. This can be attributed to the widespread availability of a large variety of healthcare products across online distribution channels and growing inclination towards online shopping among consumers, including developing economies in LATAM. 

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Partial Chapter of the Table of Content 

Chapter 6.  Aquaculture Healthcare Market, By Infection

6.1. Key segment trends

6.2. Bacterial infection

6.2.1.  Market size, by region, 2015 – 2026 (USD Million)

6.3. Viral infection

6.3.1.  Market size, by region, 2015 – 2026 (USD Million)

6.4. Parasitic infection

6.4.1.  Market size, by region, 2015 – 2026 (USD Million)

6.5. Fungal infection

6.5.1.  Market size, by region, 2015 – 2026 (USD Million)

Chapter 7.  Aquaculture Healthcare Market, By Route of Administration

7.1. Key segment trends

7.2. Oral

7.2.1.  Market size, by region, 2015 – 2026 (USD Million)

7.3. Injectable

7.3.1.  Market size, by region, 2015 – 2026 (USD Million)

7.4. Topical

7.4.1.  Market size, by region, 2015 – 2026 (USD Million)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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