Middle East & Africa Fish Vaccines Market Forecast to 2030

According to the Research Team’ research, the Middle East & Africa fish vaccines market was valued at US$ 17.54 million in 2022 and is expected to reach US$ 26.49 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Government initiatives to develop aquaculture industry and surging demand for aquatic animal-derived food products are the critical factors attributed to the Middle East & Africa fish vaccines market expansion.

Aquaculture grows exponentially due to the high demand for seafood and decreasing annual catch of wild fish. Thus, governments are taking initiatives to improve and support the growth of the aquacultural industry. Following are a few recent initiatives:

In February 2021, the Foundation for Food & Agriculture Research (FFAR) funded US$ 790,326 to create a delivery system for a vaccine that can help stop the tilapia lake virus and other diseases from spreading in the aquaculture sector. Saudi Arabia’s National Fisheries Development Programme seeks to attract over US$ 4 billion in domestic and foreign investment into the fishing industry as part of the Kingdom’s Vision 2030 goal to diversify the economy. In 2019, the 55-nation African Continental Free Trade Area (AfCFTA) came into effect. It has helped nations in the regions and benefitted them from free trade in seafood and fishery products and full compliance with the 1995 FAO Code of Conduct for Responsible Fisheries. Further, in 2020, to boost jobs and increase fish production, the Nigerian government has announced plans to build six new “fish farming estates” around Lagos. Other major initiatives have been observed in western African countries, including Ghana, Madagascar, Egypt, and Sierra Leone. Thus, an increase in government initiatives to support developments in the aquaculture industry drives the fish vaccine market growth.

On the contrary, stringent regulations for approval of vaccine hurdles the growth of Middle East & Africa fish vaccines market.

Based on vaccine type, the Middle East & Africa fish vaccines market is categorized into inactivated vaccines, live attenuated vaccines, subunit vaccines, recombinant vector vaccine, and others. The inactivated vaccines segment held 72.8% market share in 2022, amassing US$ 12.77 million. It is projected to garner US$ 19.37 million by 2030 to expand at 5.3% CAGR during 2022-2030.

Based on application, the Middle East & Africa fish vaccines market is categorized into bacterial infection, viral infection, and parasitic. The bacterial infection segment held 81.7% share of Middle East & Africa fish vaccines market in 2022, amassing US$ 14.33 million. It is projected to garner US$ 21.87 million by 2030 to expand at 5.4% CAGR during 2022-2030.

Based on route of administration, the Middle East & Africa fish vaccines market is categorized into injection vaccine, immersion vaccine, and oral vaccine. The injection vaccine segment held 59.4% share of Middle East & Africa fish vaccines market in 2022, amassing US$ 10.43 million. It is projected to garner US$ 15.66 million by 2030 to expand at 5.2% CAGR during 2022-2030.

Based on species, the Middle East & Africa fish vaccines market is categorized into salmon, trout, tilapia, and others. The salmon segment held 71.1% share of Middle East & Africa fish vaccines market in 2022, amassing US$ 12.47 million. It is projected to garner US$ 18.63 million by 2030 to expand at 5.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa fish vaccines market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 30.2% share of Middle East & Africa fish vaccines market in 2022. It was assessed at US$ 5.29 million in 2022 and is likely to hit US$ 8.40 million by 2030, exhibiting a CAGR of 5.9% during 2022-2030.

Key players operating in the Middle East & Africa fish vaccines market are Elanco Animal Health Inc, Hipra SA, Merck & Co Inc., Phibro Animal Health Corp, Vaxxinova International BV, and Zoetis Inc., among others.

– In Aug 2020, Elanco Closes Acquisition of Bayer Animal Health.

– In Mar 2020, HIPRA and Skretting combine expertise to tackle devasting trout disease.

Table 1. Middle East & Africa Fish Vaccine Market Segmentation
Table 2. Worldwide Fish Production and Consumption in 2022
Table 3. Major Bacterial Diseases in Fish
Table 4. Major Viral Diseases in Fish
Table 5. Major Parasitic Diseases in Fish
Table 6. Atlantic Salmon Production 2020
Table 7. Saudi Arabia Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 8. Saudi Arabia Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 9. Saudi Arabia Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 10. Saudi Arabia Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 11. South Africa Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 12. South Africa Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 13. South Africa Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 14. South Africa Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 15. UAE Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 16. UAE Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 17. UAE Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 18. UAE Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 19. Rest of Middle East Africa Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 20. Rest of Middle East Africa Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 21. Rest of Middle East Africa Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 22. Rest of Middle East Africa Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 23. Recent Inorganic Growth Strategies in the Fish Vaccine Market
Table 24. Recent Organic Growth Strategies in Fish Vaccine Market
Table 25. Glossary of Terms, Fish Vaccine Market

Figure 1. Middle East & Africa Fish Vaccine Market Segmentation, By Country
Figure 2. Middle East & Africa Fish Vaccine Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Fish Vaccine Market Revenue (US$ Th), 2022 – 2030
Figure 5. Middle East & Africa Fish Vaccine Market Revenue Share, by Vaccine Type, 2022 & 2030 (%)
Figure 6. Inactivated Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 7. Live Attenuated Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 8. Subunit Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 9. Recombinant Vector Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 10. Others: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 11. Middle East & Africa Fish Vaccine Market Revenue Share, by Application, 2022 & 2030 (%)
Figure 12. Bacterial Infection: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 13. Viral Infection: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 14. Parasitic: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 15. Middle East & Africa Fish Vaccine Market Revenue Share, by Route of Administration, 2022 & 2030 (%)
Figure 16. Injected: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 17. Immersion Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 18. Oral Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 19. Fish Vaccine Market Revenue Share, Species, 2022 & 2030 (%)
Figure 20. Salmon: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 21. Trout: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 22. Tilapia: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 23. Others: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
Figure 24. Middle East & Africa Fish Vaccine Market, by Key Country – Revenue, 2022 (US$ Thousand)
Figure 25. Middle East & Africa Fish Vaccine Market, By Key Countries, 2022 and 2030 (%)
Figure 26. Saudi Arabia Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 27. South Africa Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 28. UAE Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 29. Rest of Middle East Africa Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 30. Growth Strategies in Fish Vaccine Market