South Africa Aquaculture Vaccines Market Size & Outlook
South Africa aquaculture vaccines market, 2018-2030 (US$M)
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South Africa aquaculture vaccines market highlights
- The South Africa aquaculture vaccines market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 6.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.2% 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 2.8 million |
| Market revenue in 2030 | USD 6.3 million |
| Growth rate | 12.2% (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, South Africa accounted for 0.7% 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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South 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 35.71% in 2023. Horizon Databook has segmented the South 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 contribution of South Africa’s aquaculture sector to its economy has been limited by challenges such as government policies and lack of suitable water supply. However, this trend is changing as aquaculture has been recognized as a core priority sector by the government to supplement the decreasing wild-caught fish stocks.
One such initiative is the National Aquaculture Strategic Framework (NASF), launched in March 2013 to support sustainable development of the country’s aquaculture sector. The result was the formation of the National Aquaculture Policy Framework. The aquaculture sector soon picked up pace with marine water aquaculture showing high growth potential.
In January 2020, the University of Cape Town (UCT) launched the “One Health” research project to develop vaccines against common aquaculture fish diseases. The focus of the project is to promote safe and sustainable aquaculture production in sub-Saharan Africa. Factors like these are estimated to drive 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 South Africa aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into South Africa aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
South Africa Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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