Saudi Arabia Aquaculture Vaccines Market Size & Outlook
Saudi Arabia aquaculture vaccines market, 2018-2030 (US$M)
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Saudi Arabia aquaculture vaccines market highlights
- The Saudi Arabia aquaculture vaccines market generated a revenue of USD 5.5 million in 2023 and is expected to reach USD 11.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.1% 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 5.5 million |
| Market revenue in 2030 | USD 11.4 million |
| Growth rate | 11.1% (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, Saudi Arabia accounted for 1.4% 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 Middle East & Africa, Saudi Arabia aquaculture vaccines market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.3 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 34.55% in 2023. Horizon Databook has segmented the Saudi Arabia 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 2016, Saudi Arabia’s government introduced the “Saudi Vision 2030” intended at reducing the country’s dependence on oil by enabling the emergence of a strong private sector. Boosting aquaculture is one of the top line goals of this initiative.
This includes producing 600,000 tons of fish products by 2030. Since then there has been an inflow of investments in the country’s aquaculture sector which is expected to grow further over the forecast period. This is also expected to contribute to the Aquaculture Vaccines market growth in the region.
For instance, in July 2017, the government’s fish farming company partnered with 4 local companies to promote fish farming by 15 to 20 tons through aquaculture. The investment by the government was estimated to be around SR800 million.
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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 Saudi Arabia aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Saudi Arabia Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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