Global Aquaculture Healthcare Market to Growat a CAGR of 6.1% over the Forecast Period

The Global Aquaculture Healthcare Market was USD 744.0 million in 2019 and it is expected to growat a CAGR of 6.1% during the projected time. The farming method for aquatic animals such as fish, mollusks, crustaceans and other types of aquatic flora and fauna is aquaculture. In order to maximize yield, farming requires complex interventions in the rearing process, such as feeding, daily stocking, predator defense, etc. Some available choices used for aquaculture are natural, marine, and brackish water habitats, as per product specifications. In order to not only combat global food demand, but also help rehabilitate the oceans, aquaculture remains a viable sector. The feasibility of three main fields, namely seaweed & bivalve aquaculture systems, offshore aquaculture systems, and on-land aquaculture systems, continues to be leveraged by leading operators in the aquaculture industry.

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Growth Drivers that Support the Global Aquaculture Healthcare Market Growth:

  • Aquaculture is highly advanced and the market for safe aquatic food items is growing. In addition, according to the Food and Agriculture Organization (FAO), fish intake per capita reached 20 kg in 2016 and it is rising by 1.3 percent annually.
  • Advancement of aquaculture healthcare technologies, with government efforts helped to strengthen the aquaculture industry, along with government funding for aquaculture-based goods, and increasing demand from emerging economies, which will drive the market growth. The influence of this aspect on the aquaculture healthcare industry is also projected to increase in the near future with rapidly changing technology.
  • Asia Pacific has a leading role in terms of sales within the international healthcare sector for aquaculture. The domination of the regionis attributed to favorable government regulations for the improvement of aquaculture healthcare products in a number of new applications, increasing investment in aquaculture healthcare, the demands from developing markets, and the growth of a range of modern aquaculture healthcare goods.

Global CompaniesSeek to Launch New Products in the Market by Collaboration:

  • AKVA Group developed a feed conveyor concept in August 2018, called versatile feeding, which would allow farmers to send and feed silo to any cage, making it simpler to use various feed types and sizes.
  • In June 2018, AKVA Group entered into an agreement to buy Egersund Net AS (Norway) to extend its range of products.
  • In June 2017, at its Schmidt brewery building in St. Paul, Minnesota, US, Pentair plc opened up a new 87,000-square-foot aqua-farming plant.
  • Dec 2019 – Archer Daniels Midland Corporation unveiled its latest technology center for animal feeding. The organization focuses on the processing of aquaculture materials for feed and nutritional items. The new centerwill allow the association to extend its reach in the global market.
  • Feb 2019 – Archer Daniels Midland Group has confirmed the full acquisition of Neovia. This purchase is projected to provide a solid foundation for the potential development of the Archer Daniels Midland group.

Major companies functioning in the global Aquaculture Healthcare market are Bayer Animal Health, Benchmark Holdings Plc., Zoetis, Merck & Co. Inc., Archer Daniels Midland Company, DuPont, Elanco, CevaSante, Vetoquinol, and AKVA Group.

Market Segmentation:

By Product

  • Vaccines
  • Drug
  • Medicated Feed Additives

By Infection

  • Bacterial Infections
  • Viral Infections
  • Parasitic Infections
  • Fungal Infections

By Distribution Channel

  • Distributors
  • Online Stores
  • Retail/Aqua Stores

By Region:

  • North America Aquaculture Healthcare Market
    • By Country (US, Canada, Mexico)
    • By Product
    • By Infection
    • By Distribution Channel
  • Europe Aquaculture Healthcare Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Product
    • By Infections
    • By Distribution Channel
  • Asia Pacific Aquaculture Healthcare Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product
    • By Infections
    • By Distribution Channel
  • Middle East & Africa Aquaculture Healthcare Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Product
    • By Infections
    • By Distribution Channel
  • South America Aquaculture Healthcare Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Product
    • By Infections
    • By Distribution Channel

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