The global Commercial Aquaculture Vaccines Market is bound to witness a CAGR worth satiating In Upcoming Years. In the era of cloud computing, the cloud revolution is there to break the stereotypes. Several key stakeholders are going for cloud hosting solutions providers to enhance their accounting services. This migration to cloud technology is making way for the enterprises to simplify their daily tasks, that too, conveniently and cost-effectively. As such, the industry could be on the “cloud computing nine” in the forecast period.
Aquaculture has been recognized as the fastest-growing food production sector worldwide. Extensive production of aquatic species has led to the variance of optimal culture conditions, which have shown increased susceptibility to infectious/viral diseases, boosting demand for commercial aquaculture vaccines. Increased incidence of bacterial diseases and zoonotic infections is a major obstacle to successful fish aquaculture farming.
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Commercial aquaculture vaccines have proven better to be an alternative to antibiotics for use in fish aquaculture farming, as antibiotic treatments have attracted a lot of concerns due to adverse effects such as bacterial drug resistance, toxicity, and traces of antibiotic residue in aquaculture food. Additionally, increasing global fish consumption and rising prevalence of bacterial infections among aquatic species are also upscaling adoption of fish commercial aquaculture vaccines.
It also details why fish farming companies hold a dominant share in this market space. Persistence Market Research, in its latest research report, tracks global sales of commercial aquaculture vaccines in 20+ high-growth markets, where Europe is a leading region.
Unique growth factors have been analyzed in detail, while a comprehensive assessment of some of the key challenges for commercial aquaculture vaccines have also been discussed.
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Commercial aquaculture vaccines are approved vaccines that induce a protective immune response in aquatic animals. Increased aquaculture production and long-term aquaculture cultivation have led to the decline of aquaculture farming, contributing to increase in zoonotic infections. Recently, rising prevalence of disease profiling among aquatic species has become more complex due to increased frequencies of infections and emerging diseases, which results in severe economic losses, and this trend is projected to surge demand for commercial aquaculture vaccines, globally.
This scenario has forced a paradigm shift of disease management in aquaculture production. In other words, fish commercial aquaculture vaccines are being developed and commercialized to reduce the adverse effects raised by antibiotics, prevent diseases, and produce safer food, as well as improve external factors such as farming environment quality.
For instance, according to recent studies, Norway has contributed to a significant reduction in the consumption of antibiotics in aquaculture farms by increasing the utilization of commercial aquaculture vaccines in salmon aquaculture farming. According to the 2020 CSARP report, Chile-farmed salmon observed declination of around 30 percent antibiotic usage from 2017 to 2019
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A slew of new aquaculture vaccines was launched for the management of zoonotic infection or disease profiling among the aquatic species over the last decade, and currently, more developments and advancements are underway. The veterinary healthcare industry is witnessing increased demand for aquaculture vaccines in tropical and sub-tropical regions. Development of resistance to various antibiotics and chemotherapeutic agents is contributing to increased demand for vaccines.
Majority of the global population depends on animals as a food source. The COVID-19 pandemic has increased awareness about healthy animal sourced food, owing to risk of pathogen transmission from animal food. This rising awareness is expected to increase demand for pathogen-free fish production. Majority of countries have their regulatory agencies and processes for commercial aquaculture vaccine product approval.
Multiple approval requirements from each country is considered to be a significant hurdle in the rapid commercialization of commercial aquaculture vaccines. Commercial aquaculture vaccine companies have to wait long for regulatory approvals before they begin distribution of their products, as the process is pretty complex. Such a scenario is expected to slow down the growth of the commercial aquaculture vaccines market.
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