Spain Aquaculture Vaccines Market Size & Outlook
Spain aquaculture vaccines market, 2018-2030 (US$M)
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Spain aquaculture vaccines market highlights
- The Spain aquaculture vaccines market generated a revenue of USD 12.4 million in 2023 and is expected to reach USD 20.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.2% 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 12.4 million |
| Market revenue in 2030 | USD 20.0 million |
| Growth rate | 7.2% (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, Spain accounted for 3.1% 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 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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Spain 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 34.68% in 2023. Horizon Databook has segmented the Spain aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Spain bagged the largest share of 19.6% of the European Maritime, Fisheries and Aquaculture Fund for the period from 2021 to 2027 and this is expected to drive the market in the country. Spain is an important producer of rainbow trout, sea bass, turbot, and sea bream.
This presents opportunities for market players involved in the development and manufacture of vaccines for these species. HIPRA, for instance, is one of the major players in the Spanish Aquaculture Vaccines market. The company offers a wide portfolio of registered vaccines under the brand name ICTHIOVAC.
These vaccines target several pathogens responsible for causing diseases such as vibriosis, lactococcosis, pasteurellosis, etc. in turbot, trout, sea bass and other aquatic species. HIPRA also provides a tailor-made solution by developing an autogenous vaccine.
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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 Spain aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Spain aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Spain Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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