South & Central America Aquaculture Vaccines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type of Vaccine, Species, and Route of Administration

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The South & Central America aquaculture vaccines market is expected to grow from US$ 11.47 million in 2022 to US$ 23.07 million by 2028. It is estimated to grow at a CAGR of 12.4% from 2022 to 2028.

Development of Novel Vaccines is Driving the South & Central America Aquaculture Vaccines Market

In recent years, aquaculture has attained a major economic revolution. Advancements in science have paved new avenues in basic and applied research areas for developing and designing novel and effective vaccines and improving existing vaccines for various infectious diseases. Recent developments in vaccines and vaccinology are done to discover new vaccine candidates to combat fish pathogens, including mycotic and parasitic agents, for which vaccines are still lacking. Therefore, novel vaccine developments are expected to boost for South & Central America aquaculture vaccines market during the forecast period.

South & Central America Aquaculture Vaccines Market Overview

SAM aquaculture vaccines market includes Brazil, Argentina, Chile, and Rest of SAM. The market for aquaculture vaccines in the region is expected to have growth opportunities during the forecast period. The aquaculture vaccines market in the SAM 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. According to World Bank data, Brazil is a giant in Latin America: it boasts a population of more than 213 million people and a GDP of some USD 1.45 trillion (EUR 1.33 trillion). It exports only about USD 365 million (EUR 334 million) in seafood, but the Brazilian Trade and Investment Promotion Agency, Apex-Brasil, is looking to change that. Brazilian farmed fish exports totaled 9,900 tons in 2021, 49% more than in 2020, according to Embrapa data in partnership with the Brazilian Fish Farming Association (PeixeBR). Revenue from shipments increased by 78% to US$20.7 million.

The three main destinations for Brazilian fish accounted together for more than 80% of exports. The United States ranked first, with 64% of participation, and Colombia ranked second, with 9% participation. The main item on the list of exports to the US was frozen whole fish, totaling US$ 6.2 million, followed by fresh or chilled fillets (US$ 5 million) and frozen fillets (US$ 2 million). Thus, owing to the above-mentioned factors the aquaculture vaccines market in Brazil is expected to grow during the forecast period.

South & Central America Aquaculture Vaccines Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Aquaculture Vaccines Market Segmentation

The South & Central America aquaculture vaccines market is segmented into type of vaccine, species, route of administration, and country.

Based on type of vaccine, the South & Central America aquaculture vaccines market, is segmented into live vaccines, inactivated vaccines, other vaccines. The inactivated vaccines segment held the largest market share in in 2022.

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

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

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

Elanco Animal Health Inc; HIPRA SA; Merck & Co Inc.; Phibro Animal Health Corp; Tecnovax SA; VETERQUIMICA SA; and Zoetis Inc.; are the leading companies operating in the South & Central America aquaculture vaccines market.

Reasons to Buy:

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

Product Code: BMIRE00028134

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 SAM Aquaculture Vaccines Market - by Type of Vaccine
- 1.3.2 SAM Aquaculture Vaccines Market - by Species
- 1.3.3 SAM Aquaculture Vaccines Market - by Route of Administration
- 1.3.4 SAM Aquaculture Vaccines Market - by Country

2. SAM Aquaculture Vaccines Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SAM Aquaculture Vaccines Market - Market Landscape

4.1 Overview
4.2 SAM PEST Analysis
4.3 Expert's Opinion

5. SAM Aquaculture Vaccines Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Aquaculture Industry
- 5.1.2 Surging Demand for Aquatic Animal-Derived Food Products
5.2 Market Restraints
- 5.2.1 Strict Regulatory Policies for Approval of Vaccines and High Cost of Vaccines
5.3 Future Trends
- 5.3.1 Development of Novel Vaccines
5.4 Impact Analysis

6. Aquaculture Vaccines Market - SAM Analysis

6.1 SAM: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)

7. SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Type of Vaccine

7.1 Overview
7.2 SAM Aquaculture Vaccines Market Revenue Share, by Type of Vaccine 2021 & 2028 (%)
7.3 Live Vaccines
- 7.3.1 Overview
- 7.3.2 Live Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Inactivated Vaccines
- 7.4.1 Overview
- 7.4.2 Inactivated Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Other Vaccines
- 7.5.1 Overview
- 7.5.2 Other Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)

8. SAM Aquaculture Vaccines Market Analysis and Forecasts to 2028 - by Species

8.1 Overview
8.2 SAM Aquaculture Vaccines Market, by Species 2021 & 2028 (%)
8.3 Tilapia
- 8.3.1 Overview
- 8.3.2 Tilapia: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Trout
- 8.4.1 Overview
- 8.4.2 Trout: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Salmon
- 8.5.1 Overview
- 8.5.2 Salmon: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Shrimps
- 8.7.1 Overview
- 8.7.2 Shrimps: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)

9. SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 - by Route of Administration

9.1 Overview
9.2 SAM Aquaculture Vaccines Market Revenue Share, by Route of Administration 2021 & 2028 (%)
9.3 Injection Vaccines
- 9.3.1 Overview
- 9.3.2 Injection Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Immersions Vaccines
- 9.4.1 Overview
- 9.4.2 Immersions Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Vaccines
- 9.5.1 Overview
- 9.5.2 Oral Vaccines: SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 (US$ Million)

10. SAM Aquaculture Vaccines Market - Revenue and Forecast to 2028 - Country Analysis

10.1 Overview
- 10.1.1 SAM: Aquaculture Vaccines Market, by Country, 2021 & 2028 (%)
  - 10.1.1.1 Brazil: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.1.1 Overview
    - 10.1.1.1.2 Brazil: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.1.3 Brazil: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (USD Million)
    - 10.1.1.1.4 Brazil: Aquaculture Vaccines Market, by Species, 2019-2028 (USD Million)
    - 10.1.1.1.5 Brazil: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (USD Million)
  - 10.1.1.2 Argentina: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.2.1 Overview
    - 10.1.1.2.2 Argentina: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.2.3 Argentina: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (USD Million)
    - 10.1.1.2.4 Argentina: Aquaculture Vaccines Market, by Species, 2019-2028 (USD Million)
    - 10.1.1.2.5 Argentina: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (USD Million)
  - 10.1.1.3 Chile: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.3.1 Overview
    - 10.1.1.3.2 Chile: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.3.3 Chile: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (USD Million)
    - 10.1.1.3.4 Chile: Aquaculture Vaccines Market, by Species, 2019-2028 (USD Million)
    - 10.1.1.3.5 Chile: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (USD Million)
  - 10.1.1.4 Rest of SAM: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.4.1 Overview
    - 10.1.1.4.2 Rest of SAM: Aquaculture Vaccines Market - Revenue and Forecast to 2028 (USD Million)
    - 10.1.1.4.3 Rest of SAM: Aquaculture Vaccines Market, by Type of Vaccines, 2019-2028 (USD Million)
    - 10.1.1.4.4 Rest of SAM: Aquaculture Vaccines Market, by Species, 2019-2028 (USD Million)
    - 10.1.1.4.5 Rest of SAM: Aquaculture Vaccines Market, by Route of Administration, 2019-2028 (USD Million)

11. Aquaculture Vaccines Market - Industry Landscape

11.1 Overview
11.2 Growth Strategies in Aquaculture Vaccines Market
11.3 Organic Growth Strategies
- 11.3.1 Overview
11.4 Inorganic Growth Strategies
- 11.4.1 Overview

12. Company Profiles

12.1 HIPRA SA
- 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 Zoetis Inc
- 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 VETERQUIMICA SA
- 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 Phibro Animal Health Corp
- 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
12.7 Tecnovax SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms