South & Central America Fish Vaccines Market Forecast to 2030

South & Central America Fish Vaccines Market Forecast to 2030 – Regional Analysis – by Vaccine Type (Inactivated Vaccines, Live Attenuated Vaccines, Subunit Vaccines, Recombinant Vector Vaccine, and Others), Application (Bacterial Infection, Viral Infection, and Parasitic), Route of Administration (Injection Vaccine, Immersion Vaccine, and Oral Vaccine), and Species (Salmon, Trout, Tilapia, and Others)

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Description

The South & Central America fish vaccines market was valued at US$ 21.25 million in 2022 and is expected to reach US$ 37.35 million by 2030; it is estimated to grow at a CAGR of 7.3% from 2022 to 2030.

Development of Novel Fish Vaccine Fuels the South & Central America Fish Vaccine Market

Emergence of disease outbreak caused by parasites, viruses, and bacteria have slowed down the evolution of the global aquaculture industry for several decades. Aside from being harmful to human health, emerging diseases have a significant impact on aquatic animals. Traditional vaccines have limitations and drawbacks, which bolsters the demand for the development of novel advanced vaccines such as chimeric multiepitope vaccines. Newer avenues in the basic and applied research fields of aquatic vaccines have been opened up by scientific and technological advancements. An effort has been made to create novel aquatic vaccines with higher quality and efficiency using new technologies, approaches, and strategies. Using the available bioinformatics tools and current knowledge of immunoproteomics and genomics, researchers can identify potential targeted epitopes that immune cells can recognize. Further, as the cost of techniques such as whole genome sequencing continues to decline, it opens the way for species-specific vaccine development. This is likely to boost investments in developing new vaccines. Thus, the development of an effective mucosal vaccine with strengthening the administration process is expected to accelerate the novel vaccine development, which would boost the aquaculture businesses in Mediterranean countries to regularize fish vaccination processes. Hence, development of novel fish vaccines is likely creating significant opportunity for market growth.

South & Central America Fish Vaccines Market Overview

South & Central America fish vaccines market includes Brazil, Argentina, Chile, and Rest of South & Central America. The market for fish vaccines in the region is expected to have growth opportunities during the forecast period. The fish vaccines market in the South & Central America region is expected to grow owing to factors such as, an increase in cases of infectious diseases in fishes in the region and increasing fish consumption drive the market in the region. The Argentina government has been focusing on developing its aquaculture facilities to decrease the import of fish and make the country self-sufficient in food. In August 2021, the Argentinian government planned to work with China to develop its aquaculture and potential aquafeed sectors. This partnership seeks to launch a series of initiatives aimed at strengthening the capacities and competencies of this sector through concrete bilateral actions focused on increasing production. Argentina’s national director of aquaculture, Guillermo Abdala, estimated aquaculture could generate revenue of at least US$ 1.8 billion (EUR 1.5 billion) annually for the South American nation. At the same time, the initiatives are strategically designed for the intelligent use of the environment and aquatic and hydrobiological resources. Thus, the rising consumption of seafood and growing government efforts are likely to be the major factors driving the growth of the fisheries and aquaculture sector.

South & Central America Fish Vaccines Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Fish Vaccines Market Segmentation

The South & Central America fish vaccines market is segmented based on vaccine type, application, route of administration, species, and country.

Based on vaccine type, the South & Central America fish vaccines market is segmented into inactivated vaccines, live attenuated vaccines, subunit vaccines, recombinant vector vaccine, and others. The inactivated vaccines segment held the largest market share in 2022.

Based on application, the South & Central America fish vaccines market is segmented into bacterial infection, viral infection, and parasitic. The bacterial infection segment held the largest market share in 2022.

Based on route of administration, the South & Central America fish vaccines market is segmented into injection vaccine, immersion vaccine, and oral vaccine. The injection vaccine segment held the largest market share in 2022.

Based on species, the South & Central America fish vaccines market is segmented into salmon, trout, tilapia, and others. The salmon segment held the largest market share in 2022.

Based on country, the South & Central America fish vaccines market is segmented into Argentina, Brazil, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America fish vaccines market share in 2022.

Elanco Animal Health Inc, Hipra SA, Merck & Co Inc., Phibro Animal Health Corp, Vaxxinova International BV, and Zoetis Inc. are some of the leading companies operating in the South & Central America fish vaccines market.

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At 7.3% CAGR, the South & Central America Fish Vaccines Market is Speculated to be worth US$ 37.35 million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America fish vaccines market was valued at US$ 21.25 million in 2022 and is expected to reach US$ 37.35 million by 2030, registering a CAGR of 7.3% 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 South & Central America fish vaccines market expansion.

Diversifying into new fish species, particularly marine fish, is a trend in the aquaculture sector. Farms across the world are increasingly relying on vaccinations to manage animal health. The development of novel pathogens with extensive antigenic diversity may also reduce the effectiveness of conventional vaccines. This motivates vaccine researchers to look into new techniques for creating potent vaccines for aquaculture. Subunit or recombinant DNA/RNA particle vaccines may have been created using modern vaccine technology, which is focused on specific pathogen components. Finding new vaccine candidates to fight fish pathogens such as mycotic and parasitic agents is made possible by recent advancements in vaccines and vaccinology. The development and production of fish vaccines can do rapidly with the help of new techniques in genetics, immunology, and biotechnology. These techniques include the use of genetically engineered vectors, recombinant vaccines, and DNA vaccines. DNA vaccine technology provides significant protection against fish diseases. Targeting the construct and/or transgene to antigen-receptor cells is a promising way to improve the DNA vaccine’s effectiveness against other viral diseases. Molecular assemblies can be used to target dendritic cells (DC) and antigen-presenting cells (APC) in DNA vaccines, producing immune responses as a result. Another tactic is to encapsulate the DNA vaccine in specific carriers to increase transgene and MHC expression. The development of novel vaccines known as recombinant DNA-based vaccine or new-generation vaccines has made extensive use of R DNA technology. Recombinant immunogenic protein vaccines or epitopes purified from vectors carrying the gene of interest produced in prokaryotic or eukaryotic expression systems, peptide vaccines, live vaccines produced by defined genetic manipulations, and microbial vectors carrying gene coding for immunogenic protein and DNA vaccines are among the types of vaccines based on recombinant DNA technology that have been developed. Recombinant vaccines have the advantage of closely simulating naturally occurring infections, which aids in triggering a potent immune response in the treated fish. They can also be mass produced easily.

On the contrary, stringent regulations for approval of vaccine hurdles the growth of South & Central America fish vaccines market.

Based on vaccine type, the South & Central America fish vaccines market is categorized into inactivated vaccines, live attenuated vaccines, subunit vaccines, recombinant vector vaccine, and others. The inactivated vaccines segment held 71.4% market share in 2022, amassing US$ 15.16 million. It is projected to garner US$ 26.99 million by 2030 to expand at 7.5% CAGR during 2022-2030.

Based on application, the South & Central America fish vaccines market is categorized into bacterial infection, viral infection, and parasitic. The bacterial infection segment held 80.8% share of South & Central America fish vaccines market in 2022, amassing US$ 17.16 million. It is projected to garner US$ 30.68 million by 2030 to expand at 7.5% CAGR during 2022-2030.

Based on route of administration, the South & Central America fish vaccines market is categorized into injection vaccine, immersion vaccine, and oral vaccine. The injection vaccine segment held 57.6% share of South & Central America fish vaccines market in 2022, amassing US$ 12.25 million. It is projected to garner US$ 21.47 million by 2030 to expand at 7.3% CAGR during 2022-2030.

Based on species, the South & Central America fish vaccines market is categorized into salmon, trout, tilapia, and others. The salmon segment held 66.0% share of South & Central America fish vaccines market in 2022, amassing US$ 14.01 million. It is projected to garner US$ 24.51 million by 2030 to expand at 7.2% CAGR during 2022-2030.

Based on country, the South & Central America fish vaccines market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 52.7% share of South & Central America fish vaccines market in 2022. It was assessed at US$ 11.19 million in 2022 and is likely to hit US$ 19.91 million by 2030, exhibiting a CAGR of 7.5% during 2022-2030.

Key players operating in the South & Central America 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.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America fish vaccines market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America fish vaccines market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America fish vaccines market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 South & Central America Fish Vaccine Market
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Fish Vaccine Market – Key Industry Dynamics
4.1 Market Drivers:
4.1.1 Government Initiatives to Develop Aquaculture Industry
4.1.2 Surging Demand for Aquatic Animal-Derived Food Products
4.2 Market Restraints
4.2.1 Stringent Regulations for Approval of Vaccine
4.3 Market Opportunities
4.3.1 Development of Novel Fish Vaccine
4.4 Future Trends
4.4.1 Technological Advancements in Fish Vaccine
4.5 Impact Analysis:
5. Fish Vaccine Market – South & Central America Market Analysis
5.1 Fish Vaccine Market Revenue (US$ Th), 2022 – 2030
6. South & Central America Fish Vaccine Market – Revenue and Forecast to 2030 – by Vaccine Type
6.1 Overview
6.2 Fish Vaccine Market Revenue Share, by Vaccine Type, 2022 & 2030 (%)
6.3 Inactivated Vaccines
6.3.1 Overview
6.3.2 Inactivated Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
6.4 Live Attenuated Vaccines
6.4.1 Overview
6.4.2 Live Attenuated Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
6.5 Subunit Vaccines
6.5.1 Overview
6.5.2 Subunit Vaccines: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
6.6 Recombinant Vector Vaccine
6.6.1 Overview
6.6.2 Recombinant Vector Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
6.7 Others
6.7.1 Overview
6.7.2 Others: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
7. South & Central America Fish Vaccine Market – Revenue and Forecast to 2030 – by Application
7.1 Overview
7.2 Fish Vaccine Market Revenue Share, by Application, 2022 & 2030 (%)
7.3 Bacterial Infection
7.3.1 Overview
7.3.2 Bacterial Infection: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
7.4 Viral Infection
7.4.1 Overview
7.4.2 Viral Infection: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
7.5 Parasitic
7.5.1 Overview
7.5.2 Parasitic: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
8. South & Central America Fish Vaccine Market – Revenue and Forecast to 2030 – by Route of Administration
8.1 Overview
8.2 Fish Vaccine Market Revenue Share, by Route of Administration, 2022 & 2030 (%)
8.3 Injection vaccine
8.3.1 Overview
8.3.2 Injection vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
8.4 Immersion Vaccine
8.4.1 Overview
8.4.2 Immersion Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
8.5 Oral Vaccine
8.5.1 Overview
8.5.2 Oral Vaccine: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
9. South & Central America Fish Vaccine Market – Revenue and Forecast to 2030 – by Species
9.1 Overview
9.2 Fish Vaccine Market Revenue Share, by Species, 2022 & 2030 (%)
9.3 Salmon
9.3.1 Overview
9.3.2 Salmon: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
9.4 Trout
9.4.1 Overview
9.4.2 Trout: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
9.5 Tilapia
9.5.1 Overview
9.5.2 Tilapia: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
9.6 Others
9.6.1 Overview
9.6.2 Others: Fish Vaccine Market – Revenue and Forecast to 2030 (US$ Thousand)
10. South & Central America Fish Vaccine Market – Country Analysis
10.1 South & Central America Fish Vaccine Market, Revenue and Forecast to 2030
10.1.1 Overview
10.1.2 South & Central America Fish Vaccine Market, by Country
10.1.2.1 Brazil
10.1.2.1.1 Overview
10.1.2.1.2 Brazil Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
10.1.2.1.3 Brazil: Fish Vaccine Market, by Vaccine Type, 2020-2030 (US$ Thousand)
10.1.2.1.4 Brazil: Fish Vaccine Market, by Route of Administration, 2020-2030 (US$ Thousand)
10.1.2.1.5 Brazil: Fish Vaccine Market, by Species, 2020-2030 (US$ Thousand)
10.1.2.1.6 Brazil: Fish Vaccine Market, by Application, 2020-2030 (US$ Thousand)
10.1.2.2 Argentina
10.1.2.2.1 Overview
10.1.2.2.2 Argentina Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
10.1.2.2.3 Argentina: Fish Vaccine Market, by Vaccine Type, 2020-2030 (US$ Thousand)
10.1.2.2.4 Argentina: Fish Vaccine Market, by Route of Administration, 2020-2030 (US$ Thousand)
10.1.2.2.5 Argentina: Fish Vaccine Market, by Species, 2020-2030 (US$ Thousand)
10.1.2.2.6 Argentina: Fish Vaccine Market, by Application, 2020-2030 (US$ Thousand)
10.1.2.3 Rest of South & Central America
10.1.2.3.1 Overview
10.1.2.3.2 Rest of South & Central America Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
10.1.2.3.3 Rest of South & Central America: Fish Vaccine Market, by Vaccine Type, 2020-2030 (US$ Thousand)
10.1.2.3.4 Rest of South & Central America: Fish Vaccine Market, by Route of Administration, 2020-2030 (US$ Thousand)
10.1.2.3.5 Rest of South & Central America: Fish Vaccine Market, by Species, 2020-2030 (US$ Thousand)
10.1.2.3.6 Rest of South & Central America: Fish Vaccine Market, by Application, 2020-2030 (US$ Thousand)
11. Fish Vaccine Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in Fish Vaccine Market
11.3 Inorganic Growth Strategies
11.3.1 Overview
11.4 Organic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Zoetis Inc
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 HIPRA SA
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 Phibro Animal Health Corp
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 Vaxxinova International BV
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 Us
13.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America 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. Brazil Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 8. Brazil Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 9. Brazil Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 10. Brazil Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 11. Argentina Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 12. Argentina Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 13. Argentina Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 14. Argentina Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 15. Rest of South & Central America Fish Vaccine Market, by Vaccine Type – Revenue and Forecast to 2030 (US$ Thousand)
Table 16. Rest of South & Central America Fish Vaccine Market, by Route of Administration – Revenue and Forecast to 2030 (US$ Thousand)
Table 17. Rest of South & Central America Fish Vaccine Market, by Species – Revenue and Forecast to 2030 (US$ Thousand)
Table 18. Rest of South & Central America Fish Vaccine Market, by Application – Revenue and Forecast to 2030 (US$ Thousand)
Table 19. Recent Inorganic Growth Strategies in the Fish Vaccine Market
Table 20. Recent Organic Growth Strategies in Fish Vaccine Market
Table 21. Glossary of Terms, Fish Vaccine Market

LIST OF FIGURES

Figure 1. South & Central America Fish Vaccine Market Segmentation, By Country
Figure 2. South & Central America Fish Vaccine Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Fish Vaccine Market Revenue (US$ Th), 2022 – 2030
Figure 5. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Fish Vaccine Market, by Key Country – Revenue, 2022 (US$ Thousand)
Figure 25. South & Central America Fish Vaccine Market, By Key Countries, 2022 and 2030 (%)
Figure 26. Brazil Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 27. Argentina Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 28. Rest of South & Central America Fish Vaccine Market Revenue and Forecast to 2030 (US$ Th)
Figure 29. Growth Strategies in Fish Vaccine Market

The List of Companies – South & Central America Fish Vaccines Market

1. Elanco Animal Health Inc
2. Hipra SA
3. Merck & Co Inc.
4. Phibro Animal Health Corp
5. Vaxxinova International BV
6. Zoetis Inc.

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