What is Aquaculture Healthcare Market?
Aquaculture, also known as aquafarming, is the breeding, raising, and harvesting of aquatic organisms including fish, molluscs, crustaceans, algae, and aquatic plants. It is a controlled process of cultivating aquatic organisms in all types of water environments, especially for human consumption. The factors such as Increased Demand for Sea Food, Rise in the Incidences of Numerous Diseases in Aquaculture and Increasing Focus on Aquaculture Healthcare are the key drivers for the global Aquaculture Healthcare market. Increased Intensification and Commercialization of Aquatic Production is the current trend in the market. However, Diseases and Problems Caused by Viruses, Bacteria, Fungi, Parasites and other Undiagnosed and Emerging Pathogens may hinder the market growth.
The market study is being classified by Type (Drug {Parasiticides, Anti-inflammatory, Anti-infectives}, Vaccines {Modified Live Vaccines (MLV), Killed Inactivated Vaccines} and Medicated Feed Additives {Antibiotics, Vitamins, Amino Acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals, Hormones}) and major geographies with country level break-up.
Zoetis Inc. (United States), Archer Daniels Midland Company (United States), Virbac S.A. (France), Merck & Co. Inc. (United States), Bayer HealthCare Animal Health Inc. (Germany), Elanco (United States), Alltech (United States), Benchmark Holdings (United Kingdom), Pentair plc (United States), AKVA Group (Norway) and Xylem Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aquaculture Healthcare market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aquaculture Healthcare market by Type, Application and Region.
On the basis of geography, the market of Aquaculture Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Demand for Sea Food
- Rise in the Incidences of Numerous Diseases in Aquaculture
- Increasing Focus on Aquaculture Healthcare
Market Trend
- Increased Intensification and Commercialization of Aquatic Production
Restraints
- Diseases and Problems Caused by Viruses, Bacteria, Fungi, Parasites and other Undiagnosed and Emerging Pathogens
Opportunities
- Growing Demand for Food due to Increasing Population Worldwide
- Increased Water Pollution among Globe
- Increasing Government Funding for Aquaculture Development
Challenges
- Less Knowlege about Aquatic Animal Diseases
Key Target Audience
Aquaculture Healthcare Products Providers, Distributors, Emerging Companies, Research Professionals and End-users