Bacterial Diagnostics in Aquaculture Market

Bacterial Diagnostics in Aquaculture Market Snapshot (2023 to 2033)

The estimated size of the bacterial diagnostics in aquaculture market in 2022 was USD 3,811.5 million and is anticipated to be USD 4,024.7 million in 2023.

The increase in demand for seafood in aquaculture is considered to have significant growth in the food production sector in the world and this growth can be attributed to the rising demand for seafood, especially in developing countries.

As per FMI analysts, the bacterial diagnostics in aquaculture market is anticipated to expand at a CAGR of 7.0% between 2023 and 2033, totaling around USD 7,948.6 million by 2033.

Bacterial diagnostics in aquaculture market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. In addition, new competitors are offering a variety of options at reasonable pricing to fulfill the demand for bacterial diagnostics in aquaculture, making it accessible to customers in the global bacterial diagnostics in aquaculture market.

Carp is the dominant animal type in terms of sales of bacterial diagnostics in aquaculture since carps are the most produced aquatic species in the market. Due to the strong demand for mackerel, which is a rich source of fatty acids, it is the second most dominant sector in the bacterial diagnostics in aquaculture market by animal type.

Sales of bacterial diagnostics in aquaculture are expected to rise significantly. Moreover, increasing sales of bacterial diagnostics in aquaculture is also projected to contribute to the growth of bacterial diagnostics in aquaculture market share.

Manufacturers in the bacterial diagnostics in aquaculture market get a big platform from which to serve the whole demand for bacterial diagnostics in aquaculture. Further, the worldwide sales of bacterial diagnostics in aquaculture market are seeing increased competition.

New competitors are offering a variety of options at reasonable pricing, fulfilling the demand for bacterial diagnostics in aquaculture accessible to customers with growing competition. Since molecular methods are the widely used and reliable way to demand bacterial diagnostics in aquaculture among other diagnostic techniques, this segment is estimated to dominate the bacterial diagnostics in aquaculture market by technology.

Multiplex PCR is a prominent and unique approach in the sales of bacterial diagnostics in aquaculture. Also, the demand for bacterial diagnostics in aquaculture is expected to increase strength throughout the projection period.

PCR methods are cost-effective and user-friendly compared to electron microscopy. Hence, they are more commonly accepted in the bacterial diagnostics in aquaculture market than electron microscopy.

Aquasol Corporation, Ziva Impex Pvt Ltd., Aquatic Diagnostics Ltd, Mologic, Biogenuix, Auro Biotechnologies, Enasis Indonesia, Thermo Fisher Scientific, LexaGene, Myron L and others are some of the leading participants in the bacterial diagnostics in aquaculture market.

Attributes	Details
Projected Forecast Value (2022)	USD 3,811.5 million
Projected Forecast Value (2023)	USD 4,024.7 million
Projected Forecast Value (2033)	USD 7,948.6 million
Growth rate	7.0% CAGR
Forecast period	2023 to 2033

The Global Bacterial Diagnostics in Aquaculture Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global bacterial diagnostics in aquaculture market expanded at a CAGR of 4.6% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 7.0% from 2023 to 2033.

The bacterial diagnostics market witnesses significant technological advancements, with new products that are being launched regularly into the marketplace. Further, these innovations have helped in boosting growth in the market by developing diagnostic tests that are accurate and easy to use.

The surge in the need and demand for compounded meals leads to the maintenance of aquatic species' health, which results in fueling market growth. Moreover, growing awareness about the growth of antibiotics in aquaculture acts as the market growth determinant.

Key Propellers of the Bacterial Diagnostics in Aquaculture Market Share

The Significant Expansion of Infectious Illnesses in Aquaculture

Bacterial diagnostics in aquaculture market has a lot of promise in terms of contributing to food security and nutrition. Furthermore, notably expanding infectious illnesses in aquaculture may raise the demand for bacterial diagnostics in aquaculture. Additionally, the regional government's adoption of a health management program for aquatic animals may lead to an increase in demand for bacterial diagnostics in aquaculture.

Increase in the Need for Nutritious Food and Medical Products

In the next 4-5 years, the increased need for nutritious food and medical products from aquaculture is predicted to boost the sales of bacterial diagnostics in aquaculture. In the approaching days, the implementation of innovative diagnostic methods combined with sophisticated technology may enhance the sales of bacterial diagnostics in aquaculture.

Development of Appropriate Diagnostic Methods for Pathogen Detection

The most significant issue with the demand for bacterial diagnostics in aquaculture is the development of appropriate diagnostic methods for pathogen detection. Further, the public's awareness of bacterial diagnostics in aquaculture and its financial effect might aid to constrain the sales of bacterial diagnostics in aquaculture in the future.

New water purification techniques, the use of probiotics in feed, and antibiotic treatment of bacterial diagnostics in aquaculture may function as stifling factors in the bacterial diagnostics in aquaculture market.

Region-wise Analysis

Region/Country	The United States
Key Growth Factors	The usage of new diagnostic technologies boosts the revenue growth in the sales of bacterial diagnostics in aquaculture.
Key Statistic	Captured a market share of 23.3% in 2022.

Region/Country	North America
Key Growth Factors	Has the goal of estimating financial growth and maximizing profit potential for the organization. Presents factual information about consumer spending patterns and industry analyses used by professionals.
Key Statistic	Attributed a market share of 30.1% in 2022.

Region/Country	Germany
Key Growth Factors	Implementing the business for creating sizable profits. New participants tend to leave with a thorough grasp of how a profitable company can be operated by putting acquisitions, partnerships, and new product launches into practice.
Key Statistic	Estimated to record a 4.1% CAGR from 2023 to 2033.

Region/Country	Europe
Key Growth Factors	Experiences slow but consistent growth.
Key Statistic	Develop a market share of 24.3% in 2022.

Region/Country	China
Key Growth Factors	Sales of bacterial diagnostics in aquaculture are very high. Sees rich potential in bacterial diagnostics in the aquaculture market.
Key Statistic	Estimated to develop an 8.2% CAGR from 2023 to 2033.

Region/Country	India
Key Growth Factors	Abundance of natural resources. Low labor costs. Has favorable climatic conditions.
Key Statistic	Registered to develop a 9.9% CAGR from 2023 to 2033.

Category -wise Analysis

Category	Aquatic animal
Sub Category	Carp
Key Developments	Rise in demand and consumption of fish products in developed and developing economies is anticipated to promote market growth. Increase in health concerns toward premature skin aging, and bone health. Large preferences for cardiovascular diseases accelerate the demand for fish around the globe. Growth in awareness about the health benefits of carp. Reduction of the risk related to chronic diseases and balancing of hormone levels propel the market growth during the forecast period. Changes in lifestyles with rapid urbanization, and a rise in preference for healthy foods have calculated the market growth during the forecast period.
Key Statistics	Secured a market share of 21.4% in 2022.

Category	Technique
Sub Category	Molecular diagnostics
Key Developments	Better, accurate, and fast diagnostic methods are used for identifying septicemic bacterial pathogens compared to traditional techniques. Rapid identification of fish diseases helps commercial aquaculturists and fish pathologists in designing effective disease control strategies on their farms.
Key Statistics	Registered a market share of 37.2% in 2022.

Competitive Landscape in the Bacterial Diagnostics in Aquaculture Market

Key players in the bacterial diagnostics in aquaculture market focus on research and development for new product designs Also, manufacturers strive to provide cutting-edge technology along with reliable and durable bacterial diagnostics in aquaculture. Furthermore, many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.

Aquasol Corporation, Ziva Impex Pvt Ltd., Aquatic Diagnostics Ltd, Mologic, Biogenuix, Auro Biotechnologies, Enasis Indonesia, Thermo Fisher Scientific, LexaGene, Myron L, and others are some of the leading participants in the bacterial diagnostics in aquaculture market.

• In July 2020, Zoetis Inc., a pharmaceutical firm located in the United States, announced the purchase of Fish Vet Group, a leading finfish health company, as a part of its Pharma division. Zoetis could broaden its regional reach and strengthen its diagnostic and testing services offering as a result of the transaction.
• Atlantic salmon, Nile tilapia, and channel catfish are all caged. These systems and species have benefited from targeted genetic and nutritional breakthroughs, but they are still subject to market volatility, and catastrophic weather events.

Key Players	Aquasol Corporation
New Developments	California-based C&I Energy Transition firm Noria Energy designed and developed a 1.5 MW floating solar project at Urrá Dam in Colombia.
Year	In June 2023

Key Players	Biogenuix
New Developments	Leading MNCs as well as small technology-focused companies, providing a one-point professionally managed national sales & distribution channel in India. Offered full market access and regulatory compliance Had a dominant level of customer support. Comprises highly reliable logistics for perishable and regulated products across the India region.
Year	In November 2022

Scope of Report

Report Attributes	Details
Growth rate	CAGR of 7% from 2023 to 2033
Base year for estimation	2022
Historical data	2018 to 2022
Forecast period	2023 to 2033
Quantitative units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis.
Segments covered	Aquatic Animal Type, Technique, Distribution Channel, Region
Regional scope	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Country scope	The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC countries, South Africa, Israel, Rest of the Middle East and Africa
Key companies profiled	Aquasol Corporation; Ziva Impex Pvt Ltd.; Aquatic Diagnostics Ltd; Mologic; Biogenuix; Auro Biotechnologies; Enasis Indonesia; Thermo Fisher Scientific; LexaGene; Myron L and others.
Customization scope	Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail of customized purchase options to meet your exact research needs.

Key Segments for the Bacterial Diagnostics in Aquaculture Market

By Aquatic Animal Type:

• Mackerel
• Carps
• Milkfish
• Sea bream
• Sea bass
• Trout
• Crustaceans
• Other species

By Technique:

• Histopathology
• Electron microscopy
• Scanning Electron microscopy
• Transmission electron microscopy
• Molecular Diagnostics
• Polymerase Chain Reaction (PCR)
• Real-Time PCR
• Multiple loop-mediated isothermal amplification PCR
• Quantitative PCR
• Arbitrary Primed PCR
• DNA Probes
• DNA microarrays
• Immunological Diagnostics
• Immunohistochemistry (IHC)
• Immunofluorescent Antibody Test (IFAT)
• Immunochromatography

By Distribution Channel:

• Aquarium store
• E-Commerce
• Company stores

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East and Africa

Frequently Asked Questions

How Well the Market is Expected to Perform Through 2033?

The market is expected to expand at a CAGR of 7% through 2033.

What Factors Determine the Market Growth?

Demand for compounded meals and awareness about antibiotics in aquaculture.

Which Asian Countries Exhibit High Growth Potential?

China and India are exhibiting high growth rate in the market.

Which is the Top Trend in the Bacterial Diagnostics in Aquaculture Market?

Integration of sophisticated technology with innovative diagnostic methods.

Which Effective Strategies are Being Employed by Key Players?

Key players are employing collaborations and partnerships as effective strategies.