Middle East & Africa Aquaculture Vaccines Market Size & Outlook
Middle East & Africa aquaculture vaccines market, 2018-2030 (US$M)
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MEA aquaculture vaccines market highlights
- The MEA aquaculture vaccines market generated a revenue of USD 53.7 million in 2023.
- The market is expected to grow at a CAGR of 9.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 53.7 million |
| Market revenue in 2030 | USD 103.2 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Inactivated (killed) |
| Fastest growing segment | Other Vaccines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 13.5% of the global aquaculture vaccines market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 180.1 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 34.45% in 2023. Horizon Databook has segmented the Middle East & Africa aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
The aquaculture sector in the Middle East is still in its infancy but growing rapidly owing to supportive government policies and a wave of investments by the private sector. Many new aquaculture projects are in the pipeline in Oman, UAE, and Saudi Arabia.
With support for sustainable and technologically advanced aquaculture, fish vaccines market is also anticipated to register notable growth in the region. The Landmark National Framework for Sustainable Fisheries was launched in UAE in 2019, by the Environment Agency Abu Dhabi, the Ministry of Climate Change & Environment, and other Competent Authorities.
It aims to achieve sustainable fisheries for the country by 2030. The action plan includes development of aquaculture research and programs, and establishing policies & regulations to support sustainable aquaculture development. This is expected to propel the Aquaculture Vaccines market growth in the country. Historically, South Africa’s fishing industry has been dominated by catch fishing due to the country’s long coastline negating the need for fish farming.
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Target buyers of Middle East & Africa aquaculture vaccines market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aquaculture vaccines market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aquaculture vaccines market size, by country, 2018-2030 (US$M)
Middle East & Africa Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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