Global Antibiotics in Aquaculture Market, By Application (Food Safety Hazards, Environmental Issues, Bacterial infections, Animal Growth, Others), Drug Type (Ox tetracycline, Florfenicol, Sulfamerazine, Others), Mode of Administration (Oral, Immersion) – Industry Trends and Forecast to 2029.
Antibiotics in Aquaculture Market Analysis and Size
Aquaculture is the farming of fish or water species in ponds, recirculating tanks, and other similar environments. Aquaculture has a long history dating back to the ancient era and there have been many recent developments in the aquaculture industry.
Data Bridge Market Research analyses that the antibiotics in aquaculture market which was growing at a value of 303.11 million in 2021 and is expected to reach the value of USD 414.83 million by 2029, at a CAGR of 4.0% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Antibiotics in Aquaculture Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Food Safety Hazards, Environmental Issues, Bacterial infections, Animal Growth, Others), Drug Type (Oxytetracycline, Florfenicol, Sulfamerazine, Others), Mode of Administration (Oral, Immersion),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Fengchen Group Co.,Ltd (China), Bayer AG (Germany), Merck KGaA (Germany), Century Pharmaceuticals Ltd. (India), HangZhou Think Chemical Co.,Ltd (China), Zomedica Pharmaceuticals Corp. and Zomedica Pharmaceuticals Inc (U.S.), Sanofi (France), LG Chem (South Korea), American Regent, Inc (U.S.), Novartis AG (Switzerland), Virbac (France), Eli Lilly and Company (U.S.), Abbott (U.S.), Pfizer Inc (U.S.), F. Hoffmann-La Roche Ltd (Switzerland)
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Opportunities
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Market Definition
Antibiotics in aquaculture is made up of compounded meals made from raw materials such as sunflower, corn, soybean, fish meal, and fish oil. The name implies that the feed is intended for consumption by aquatic species such as fish, shrimp, and crustaceans. These have a high nutritional content and a variety of growth-promoting properties.
Antibiotics in Aquaculture Market Dynamics
Drivers
- Rising fish farming activities in the region
Rising fish farming activities around the world as well as increased spending on research and development activities are driving the growth of the antibiotics in aquaculture market. Rising need and demand for compounded meals to maintain aquatic species' health as well as growing awareness about antibiotics in aquaculture are some other market growth determinants.
- Aquaculture as a form of livelihood
Global fish and aquaculture production has increased as a result of population growth, rising incomes in developing countries, and urbanisation. The increasing consumption of seafood at the expense of staple foods is positively related to income and consumption of animal protein. Global consumption of fish is increasing faster than the growing global population owing to rising incomes and urbanisation. Fisheries and aquaculture are increasingly becoming a primary source of protein, foreign exchange, livelihoods, and population well-being worldwide.
Opportunities
Manufacturers' increased emphasis on innovative product offerings combined with increased restrictions on animal-based food products will create even more lucrative growth opportunities for the antibiotics in aquaculture market.
Restraints
However, fluctuations in raw material prices will be a major impediment to the growth of the antibiotics in aquaculture market. The government's stringent regulations on product approvals will further slow the growth rate of the antibiotics in aquaculture market.
This antibiotics in aquaculture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Antibiotics in Aquaculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Antibiotics in Aquaculture Market
The COVID-19 pandemic has slowed operations, resulting in staff shortages and new sanitary guidelines for fisheries and processing. Many countries consider the marine ingredients industry to be an essential part of the food supply chain, which explains why fishing and reduction operations have continued almost everywhere. Feed companies have ensured that farmers have the supplies they need to protect the health and welfare of their animals while also maintaining farm production levels. Growing fish demand has increased export-oriented aquaculture and the adoption of 'Scientific Aquaculture Management Practices' (SAMP).
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- Skretting, a Nutreco company, will launch a new starter and grower feed for rainbow trout in December 2021, dubbed Nutra Sprint and Celero, respectively, to assist farms in reaching their full potential. Validation trials for the launched product revealed growth increases of up to 8%, as well as an 8% decrease in Feed Conversion Ratio.
- Cargill announced a multi-year agreement with The Conservation Fund's Freshwater Institute in September 2021 to develop, evaluate, and improve feeds for the land-based aquaculture industry. Cargill nutritionists and researchers with experience in recirculating aquaculture systems are available through the Institute. The collaboration will improve the environmental and economic performance of land-based aquaculture by developing and testing feeds specifically for recirculating aquaculture systems.
Global Antibiotics in Aquaculture Market Scope
The antibiotics in aquaculture market is segmented on the basis of application, drug type & mode of administration. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Food Safety Hazards
- Environmental Issues
- Bacterial infections
- Animal Growth
- Others
Drug type
- Ox tetracycline
- Florfenicol
- Sulfamerazine
- Others
Mode of administration
- Oral
- Immersion
Antibiotics in Aquaculture Market Regional Analysis/Insights
The antibiotics in aquaculture market is analysed and market size insights and trends are provided by country application, drug type & mode of administration as referenced above.
The countries covered in the antibiotics in aquaculture market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
Asia-Pacific will dominate the antibiotics in aquaculture market from 2022 to 2029, owing to rising demand for processed seafood, increased urbanization, and diet diversification in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Antibiotics in Aquaculture Market Share Analysis
The antibiotics in aquaculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Aquafeed Additives market.
Some of the major players operating in the antibiotics in aquaculture market are:
- Fengchen Group Co.,Ltd (China)
- Bayer AG (Germany)
- Merck KGaA (Germany)
- Century Pharmaceuticals Ltd. (India)
- HangZhou Think Chemical Co.,Ltd (China)
- Zomedica Pharmaceuticals Corp. and Zomedica Pharmaceuticals Inc (U.S.)
- Sanofi (France)
- LG Chem (South Korea)
- American Regent, Inc (U.S.)
- Novartis AG (Switzerland)
- Virbac (France)
- Eli Lilly and Company (U.S.)
- Abbott (U.S.)
- Pfizer Inc (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
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