The current scenario of aquaculture development is toward increased commercialization of aquatic production. Due to expansion of aquaculture activities, the likelihood of major disease problems occurring increases. The aquaculture industry is under constant threat due to problems caused by viruses, bacteria, fungi, parasites and other undiagnosed and emerging pathogens. Disease has now become a primary constraint to the culture of many aquatic species, affecting both economic and social development in many countries.
Companies covered:
- Zoetis
- Archer Daniels Midland Company
- Bayer Animal Health
- Elanco
- Virbac S.A.
- Merck & Co. Inc.
- Alltech
- Benchmark Holdings Plc.
Top impacting factors: Market Scenario Analysis:
The rising demand for quality fish, consumer preference shifting towards seafood chiefly as a source rich of protein than any other animal based protein, increasing incidences of infections and diseases in farmed fishes has bolstered the need for seafood and is driving the aquaculture healthcare market. However, lack of knowledge regarding diseases in aquatic culture systems, misconceptions regarding farmed fish and product consumptions due to health concerns and issues over growing antibiotic resistance due to widespread use of immunostimulants are the factors limiting the growth of the aquaculture healthcare market.
COVID – 19 scenario analysis:
- Due to COVID-19 pandemic spread globally, many governments around the world are putting in place unprecedented lockdown measures in order to contain its impact on public health
- Fish and other aquatic foods and products of aquaculture are a key part of food systems of major social, cultural and economic significance
- Disruptions in supply chains for fish and aquatic foods are taking place due to disruptions in transportation, trade, and labor.
- Delayed stocking of aquaculture systems and falling production from reduced fishing efforts will lead to lower supplies, access, and low consumption of these foods
Key benefits of the report:
- This study presents the analytical depiction of the global aquaculture healthcare industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aquaculture healthcare market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aquaculture healthcare market growth scenario.
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