Denmark Aquaculture Vaccines Market Size & Outlook
Denmark aquaculture vaccines market, 2018-2030 (US$M)
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Denmark aquaculture vaccines market highlights
- The Denmark aquaculture vaccines market generated a revenue of USD 3.5 million in 2023 and is expected to reach USD 6.3 million by 2030.
- The Denmark market is expected to grow at a CAGR of 8.7% 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 3.5 million |
| Market revenue in 2030 | USD 6.3 million |
| Growth rate | 8.7% (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, Denmark accounted for 0.9% 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 Europe, Norway aquaculture vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6.2 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark 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 34.29% in 2023. Horizon Databook has segmented the Denmark aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Denmark is an important freshwater aquaculture producing country in the EU. Its freshwater aquaculture produce rose from 21,899 tons in 2018 to 24,143 tons in 2019 as per FAO. Denmark along with Italy, represented about 16% of the cold-water pond production of Salmon in EU, as per EUROSTAT.
Also, as per EUMOFA, Recirculating Aquaculture System (RAS) facilities, especially for rainbow trout farming, have been increasing in Denmark along with other European countries. However, bacterial diseases such as furunculosis, pseudomonadosis, bacterial kidney disease, fin rot, and flavobacteriosis most frequently occur in RAS facilities, as per a 2020 research article published by MDPI.
With the growing demand for seafood, initiatives to reduce the use of antibiotics, and technological advancements in fish health, the market is expected to register significant growth in the coming years.
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Our clientele includes a mix of aquaculture vaccines market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Denmark aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Denmark Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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