Trends and Developments in the Mediterranean Fish Vaccine Market

The Mediterranean Sea is considered a biodiversity “hotspot” characterized by an unusually high species diversity for a temperate sea. It contains around 7% of the total global marine fish species, with a wide range of temperate and tropical species present. Turbot (Scophthalmus maximus) is a significantly valuable fish species in the Mediterranean region. The culture of turbot is well-established, whereas several parasites, viruses, and bacteria can produce morbidity episodes or mortality in turbot farms. The European anchovy (Engraulis encrasicolus) is one of the most important fishing resources in the Mediterranean Sea, making up about 50% of the total Mediterranean landings. The high-value species, such as salmon, farmed on an industrial scale. Industrial-scale vaccination is generally limited to larger, high-value fish such as salmon. As a result, there is a reliance on early vaccination followed by boosters to provide long-lasting disease protection. The common pandora (Pagellus erythrinus Linnaeus, 1758) is one of the most commercially caught Sparidae species in the Mediterranean Sea. Most wild common pandora catches come from Mediterranean fishery grounds (12.25 tonnes), mainly in Spain, Italy, Libya, and Tunisia. The Mediterranean Rainbow Wrasse (Coris Julis or Coris festival) is a small marine fish from the Labridae wrasse family. The Mediterranean Rainbow Wrasse has a thin, colorful, elongated body. The male is blue, green, or brown with a white belly, a bright orange band along its side, and a dark-blue spot near its tail fin. The female is brown with a white belly and yellowish sides. The trout farming industry is extensively established in many parts of the world, including the Mediterranean Sea. Health management and the availability of trout health products are the challenges in this industry. Greater amberjack is a promising candidate for diversifying Mediterranean aquaculture due to its excellent flesh quality, high demand, and high market prices.

Market leaders operating in the market have undertaken various organic growth strategies in the Mediterranean fish vaccine market. The Mediterranean fish vaccine market majorly consists of the players Zoetis Inc; Merck & Co Inc; HIPRA SA; ICTYODEV SAS; Acuipharma Aquaculture Health SL; Phibro Animal Health Corp; Vaxxinova International BV; Kyoto Biken Laboratories Inc; Elanco Animal Health Inc, and Ceva SA. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized inorganic and organic strategies such as merger and acquisition, collaboration, and business planning.

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