Aquaculture Healthcare Market Size

Aquaculture Healthcare Market Size

Aquaculture Healthcare Market size was valued at over USD 900 million in 2022 and is set to depict more than 8.5% CAGR over 2023-2032 driven by the burgeoning demand for fish protein across the globe.

Population growth is resulting in a greater demand for quality nutrition and an upsurge in fish consumption is a major factor accelerating the industry development. A growing number of people are relying on aquaculture to offer a sustainable supply of fish since natural fish sources cannot support this rate of fishing. In addition, the demand for healthcare solutions is likely to be bolstered by the increasing number of aquaculture farms.

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Lack of knowledge about diseases in aquatic animals may limit revenue growth

Market development is expected to be hampered by a lack of knowledge about epidemiology and illness treatment for aquatic animals in the short term. Aquaculture has always trailed behind other livestock; hence, there is a lack of research on aquaculture health, resulting in fewer healthcare options, which may further limit product uptake. However, growing initiatives by industry participants and retail aqua stores to raise awareness among fish farmers about the various benefits associated with aquaculture healthcare solutions, as well as the mounting availability of novel solutions, may help them overcome this constraint through the projected period.