Canada Aquaculture Vaccines Market Size & Outlook
Canada aquaculture vaccines market, 2018-2030 (US$M)
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Canada aquaculture vaccines market highlights
- The Canada aquaculture vaccines market generated a revenue of USD 32.6 million in 2023 and is expected to reach USD 56.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, inactivated (killed) was the largest revenue generating vaccine type in 2023.
- Other Vaccines is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Aquaculture vaccines market data book summary
| Market revenue in 2023 | USD 32.6 million |
| Market revenue in 2030 | USD 56.2 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated (killed) |
| Fastest growing segment | Other Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Modified/ Attenuated Live, Inactivated (Killed), Other Vaccines |
| Key market players worldwide | Zoetis, Phibro Animal Health Corp Class A, Elanco Animal Health Inc, Merck & Co Inc, Choong Ang Vaccine Laboratories (CAVAC), Kyoto Biken Laboratories, Nissenken, KBNP, Vaxxinova, HIPRA |
Other key industry trends
- In terms of revenue, Canada accounted for 8.2% of the global aquaculture vaccines market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aquaculture vaccines market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 109.5 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada aquaculture vaccines market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aquaculture vaccines market will help companies and investors design strategic landscapes.
Inactivated (killed) was the largest segment with a revenue share of 34.36% in 2023. Horizon Databook has segmented the Canada aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, federal, provincial, and territorial governments regulate aquaculture under the Fisheries Act, to ensure healthy and safe marine food supply. Fisheries and Oceans Canada (DFO) is involved in various initiatives such as examining the state of salmon aquaculture technology and developing aquaculture-specific regulations.
About 45 aquatic species are commercially cultivated in the country. These include finfish (especially Salmon)—accounting for the largest share of the aquaculture sector, shellfish, trout, and Arctic char. The Government of Canada projects the diversity of commercially cultivated aquatic species to increase in the coming years.
The need to make aquaculture environmentally sustainable is another driver expected to contribute to the market growth. In June 2019, the DFO stated in a press release that it will strengthen finfish aquaculture regulations and create an Advisory Committee on Aquaculture Science in addition to a series of projects for ensuring a sustainable way of commercial aquaculture.
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Our clientele includes a mix of aquaculture vaccines market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Canada aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Canada Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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