Aquaculture Healthcare Market: 3 pivotal trends stimulating the industry outlook through 2026

Rising prevalence of parasites and diseases among farmed fish is expected to propel aquaculture healthcare market share over the forecast period.

Rising prevalence of parasites and diseases among farmed fish is expected to propel aquaculture healthcare market share over the forecast period. Like other farmed livestock, farmed fish are susceptible to various diseases. These may be brought on due to number of factors including poor quality of water and nutrition, low oxygen content, as well as overcrowding in fish farms. This vulnerability of aquatic animals to diseases is expected to create an upsurge in demand for therapeutic solutions, which in turn will trigger aquaculture healthcare industry growth.

Additionally, rising demand for fish protein across the globe is also asserting a positive influence on the fish health management, thereby augmenting market development. The demand for shrimp and fish is growing consistently, as populations across the globe necessitate overfishing of wild fisheries. Based on FAO (Food & Agriculture Organization) estimates, the per capita consumption of fish in 2016 was registered at over 20kg. This rising demand for fish protein has boosted global fish farming significantly, in turn adding considerable impetus to aquaculture healthcare market trends.

According to reports from credible sources, the aquaculture healthcare market size is projected to cross $1.0 billion by 2026.

Rising demand for crustaceans from South Asia

With respect to species, global aquaculture healthcare market is categorized into crustaceans and fishes. Among these, the crustaceans segment, including shrimps and prawns, is poised to depict a commendable CAGR of over 6.5% through 2026. This growth is largely attributable to the rising demand for crustaceans from nations in South Asia. As the demand for shrimps and prawns rises, the subsequent surge in requirement for suitable therapeutic solutions for aquatic animals will impel aquaculture healthcare industry outlook over the estimated timeline.

High prevalence of parasitic infections among aquatic livestock

Aquatic livestock is susceptible to number of ailments, such as bacterial, fungal, parasitic and viral infections. Of these, the parasitic infection segment recorded a value of over $148.3 million in 2019 in the overall aquaculture healthcare market share and is projected to be one of the faster-growing segments.

Rising vulnerability of fish and crustaceans to parasitic infections from organisms like sea fleas and sea lice has increased the need for effective therapeutic solutions for aquatic animals. The susceptibility of these organisms coupled with the tendency of species like salmon to get sea-life infections has significantly boosted the demand for anti-parasitic fish health management solutions.

Furthermore, advancements in innovation of anti-parasitic treatments for sea-lice and sea-flea infections are also likely to contribute heavily to market expansion over the predicted timeframe.

To access sample pages of this report titled, “Aquaculture Healthcare Market Size By Product (Drug {Parasiticides, Anti-inflammatory, Anti-infectives}, Vaccines {Modified Live Vaccines (MLV), Killed Inactivated Vaccines}, Medicated Feed Additives {Antibiotics, Vitamins, Amino Acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals, Hormones}), By Species (Fish {Freshwater Species [Tilapia, Carp], Marine Species [Sea Bass, Sea Bream, Turbot], Diadromous Species [Salmon, Trout]}, Crustaceans {Prawns, Shrimps}), By Infections (Bacterial Infections, Viral Infections, Parasitic Infections, Fungal Infections), By Route of Administration (Oral, Injectable, Topical), By Distribution Channel (Distributors, Online Stores, Retail/Aqua Stores), Regional Outlook, Price Trends, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/request-sample/detail/4536

Better stock availability for specialty products from retail stores

Based on distribution channel, the global aquaculture healthcare market is segmented into online stores, retail/aqua stores, and distributors. The aqua stores segment is anticipated to record substantial growth at a rate of nearly 5.9% CAGR through 2026, owing to the availability of a vast array of therapeutic solutions for aquatic animals in retail stores. Furthermore, these stores maintain higher stocks of specialty fish health management products, which will boost aquaculture healthcare industry demand significantly over the forecast spell.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com