Mexico Aquaculture Vaccines Market Size & Outlook
Mexico aquaculture vaccines market, 2018-2030 (US$M)
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Mexico aquaculture vaccines market highlights
- The Mexico aquaculture vaccines market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 8.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.2% 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 4.4 million |
| Market revenue in 2030 | USD 8.1 million |
| Growth rate | 9.2% (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, Mexico accounted for 1.1% 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 Latin America, Brazil aquaculture vaccines market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 8.1 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 36.36% in 2023. Horizon Databook has segmented the Mexico aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico’s aquaculture sector is driven by growing seafood consumption in the domestic market and ample areas for aquaculture production. As per FAO statistics, the country’s aquaculture production was 194,223 tons in 2014 which grew significantly over the years to reach 251,232 tons in 2019.
About 64 different species are farmed in the country including catfish, tilapia, carp, black bass, shrimp, silverside, oyster, and trout. Many commercial vaccines are available for species such as tilapia, carp, trout, and others.
However, their use in the country is still lagging. Market players can leverage this opportunity to gain a foothold in the Mexican market. This combined with a demand to develop sustainable aquaculture and decrease the use of antibiotics, is expected to propel the market growth over the forecast period.
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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 country-level data and insights on the Mexico aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Mexico Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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