Thailand Aquaculture Vaccines Market Size & Outlook
Thailand aquaculture vaccines market, 2018-2030 (US$M)
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Thailand aquaculture vaccines market highlights
- The Thailand aquaculture vaccines market generated a revenue of USD 7.1 million in 2023 and is expected to reach USD 15.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.5% 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 7.1 million |
| Market revenue in 2030 | USD 15.3 million |
| Growth rate | 11.5% (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, Thailand accounted for 1.8% 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 Asia Pacific, Thailand aquaculture vaccines market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.7 million by 2030.
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Aquaculture Vaccines Market Scope
Aquaculture Vaccines Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 35.21% in 2023. Horizon Databook has segmented the Thailand aquaculture vaccines market based on modified/ attenuated live, inactivated (killed), other vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Aquaculture is an important contributor to Thailand’s economy and plays a key role in food security. Freshwater aquaculture is undertaken primarily to satisfy the domestic demand. Brackish water aquaculture, on the other hand, produces high-value products for export, as per FAO estimates.
Over 50 freshwater species are farmed in Thailand. These include catfish, Nile tilapia, Java barb, prawns, carp, murrel, green mussel, barramundi, and blood cockle. The rising risk of transmission of pathogens from seafood is estimated to surge demand for aquaculture vaccines.
The shift of the aquaculture industry from conventional antibiotic treatments towards preventive vaccinations is another factor expected to propel the commercial Aquaculture Vaccines market.
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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 Thailand aquaculture vaccines market , including forecasts for subscribers. This country databook contains high-level insights into Thailand aquaculture vaccines market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand aquaculture vaccines market size, by vaccine type, 2018-2030 (US$M)
Thailand Aquaculture Vaccines Market Outlook Share, 2023 & 2030 (US$M)
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