The Ongoing Trend of Urbanization and Industrialization to Bolster Growth of the Aquaculture Healthcare Market

 In recent decades, the world has seen a significant rise in the demand for alternative food resources. Aquaculture is recognized to hold considerable potential to address the food and nutritional security challenges faced globally to feed an ever-growing population. It is an essential source of nutrition and an emerging climate change solution. However, a significant rise in parasites and diseases in fish due to increasing imports and poor water and farm management techniques have raised aquaculture healthcare concerns in the last few years. 

The industry has registered substantial progression over the years, backed by the research and development practices by the industry players, to introduce technologically advanced solutions in the market that promote aqua health and well-being. This, in line with the increased demand for fish protein and the growing popularity of seafood, is likely to foster industry growth in the forthcoming years. The advent of the pandemic has substantially diverted people's preference towards better health and lifestyle has boosted the demand for quality food products, which will passively support the aquaculture healthcare market forecast in the foreseeable future.

According to Global Market Insights Inc., the marine aquaculture healthcare industry will surpass a valuation of USD 1.2 billion by 2028.

Mentioned below are some of the crucial factors that will bolster the market expansion in the coming years.

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Escalating massive investments towards future sustainability

Eminent industry players across the globe are securing hefty investments to expand their global reach and help their customers reach performance, environmental, and sustainability goals. For instance, in Feb 2022, Proteon Pharmaceuticals, India, announced an investment of EUR 21 million to develop its microbiome platform technology and rev the commercialization of its products. The funding is aimed to reduce the usage of antibiotics in aquaculture and livestock farming and ensure sustainable protein production.

Fuming automation

New players have entered the aquaculture industry with a view to introduce automation and maximize farmers' income by mitigating disease risk in the livestock. They are adopting several strategies to overcome inefficiencies in the value chain and unscientific farming practices.

Recently, in July 2021, Aquaconnect raised funding worth $4 million in a round led by Flourish Ventures and Rebright partners, along with several existing investors, including HATCH, Omnivore, 6G, and AgFunder. The startup has planned to utilize this funding to amplify its GIS-enabled fintech product development and rev the magnitude of exports streaming through the platform while scaling its business in size and scope. Its mobile application features SaaS-based predictive tools for pond management aimed to empower small businesses.

Browse key industry insights spread across 420 pages with 828 market data tables & 19 figures & charts from the report, “Aquaculture Healthcare Market Size By Product (Drug {Parasiticides, Anti-inflammatory, Anti-infectives}, Vaccines {Modified Live Vaccines (MLV), Killed Inactivated Vaccines}, Medicated Feed Additives {Antibiotics, Vitamins, Amino Acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals, Hormones}), By Species (Fish {Freshwater Species [Tilapia, Carp], Marine Species [Sea Bass, Sea Bream, Turbot], Diadromous Species [Salmon, Trout]}, Crustaceans {Prawns, Shrimps}), By Infections (Bacterial Infections, Viral Infections, Parasitic Infections, Fungal Infections) By Route of Administration (Oral, Injectable, Topical), By Distribution Channel (Distributors, Online Stores, Retail/Aqua Stores), COVID-19 Impact Analysis, Regional Outlook, Price Trends, Application Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/aquaculture-healthcare-market

Accelerating acquisitions 

As part of their growth strategy, enterprises are indulging in tactical associations that will help them improve their product offering and meet the growing expectations of their consumers. Acquisitions are one of the leading strategies that will help the industry grow exponentially in the future.

One of the instances backing the same is the acquisition of 18% of Klepp's stake by Israel Corp. in September 2021. The acquisition was focused on luring investments for land-based projects that include AKVA solutions and technology. They envision donating USD 10 million each to the land-based aquaculture undertakings worldwide or platform to raise additional obligations from co-investors and associates to reach a total of up to USD 100 million.

Partial Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Methodology

1.2    Market definitions

1.3    Forecast parameters

1.4    Data source

1.4.1    Secondary

1.4.1.1    Paid sources

1.4.1.2    Unpaid sources

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Aquaculture healthcare industry 3600 synopsis, 2017-2028

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Species trends

2.1.4    Infection trends

2.1.5    Route of administration trends

2.1.6    Distribution channel trends

2.1.7    Regional trends

Chapter 3   Aquaculture Healthcare Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2017-2028

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing demand for fish protein across the world

3.3.1.2    Growing incidence of diseases and parasites in farmed fish

3.3.1.3    Growing R&D efforts by key market players to bring new solutions for aquaculture healthcare

3.3.2    Industry pitfalls & challenges

3.3.2.1    Aversion to farmed fish due to health concerns

3.3.2.2    Lack of knowledge regarding diseases in aquatic animals

3.3.2.3    Concerns over growing antibiotic resistance due to widespread use

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By species

3.4.3    By infection

3.4.4    By route of administration

3.4.5    By distribution channel

3.5    Porter's analysis

3.6    Competitive landscape, 2021

3.6.1    Company share analysis, 2021

3.6.2    Competitive matrix analysis

3.7    PESTEL analysis

Browse complete table of content of this report@ https://www.gminsights.com/toc/detail/aquaculture-healthcare-market

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