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Global Aquaculture Vaccines Market & Competitive Intelligence, 2019 to 2023, Forecast 2024 to 2031 Research Report

Aquaculture Vaccines Market - By Vaccine Type: Bacterial Vaccines, Viral Vaccines, Parasitic Vaccines. By Application: Fish, Shrimp, Mollusks, Others. By End-user: Aquaculture Farms, Veterinary Clinics, Research Institutes. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Report Code
CVMI2412263
Published
March 3, 2025
Last Updated
March 3, 2025
Coverage
Healthcare • Healthcare
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Market Snapshot

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Market Size (latest)
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— vs. prior year
CAGR
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Forecast window: —
Forecast Period
2024–2031
Base years: 2019–2023
Coverage Depth
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Segments • Regions • Players

Insights

Consultative narrative + actionable decision support.

The global Aquaculture Vaccines Market was valued at 1.8 billion in 2023 and is projected to reach 4.2 billion by 2031, growing at a CAGR of 11.2%. Rising seafood demand, antibiotic reduction policies, and novel vaccine technologies are driving growth.

2024 Market Breakthroughs

  • mRNA Vaccines for Fish:
    • Elanco's NAVETCOVAC protects against Tilapia Lake Virus (TiLV) with 95% efficacy.
    • Benchmark's CleanTreat® enables delivery of mRNA through water (no injections).
  • Oral Delivery Innovations:
    • PHARMAQ's MicroSphere oral vaccine withstands stomach acid to stimulate gut immunity.
    • Vaxxinova's BioOral uses yeast carriers for three times longer protection compared to traditional vaccines.
  • Climate-Resistant Formulations:
    • Hipra's Thermostable VHS vaccine maintains potency at 30°C for 6 months.
    • KBNP's Immersion Vaccine works in both fresh and saltwater conditions.

Market Drivers

1. Antibiotic Reduction Mandates

  • EU bans prophylactic antibiotics in aquaculture (2024).
  • Vietnam's new regulations require that 80% of shrimp farms be vaccinated by 2025.

2. Disease Burden

  • Infectious Salmon Anemia (ISA) causes annual losses exceeding USD  1 billion.
  • White Spot Syndrome Virus (WSSV) devastates entire shrimp harvests in just 72 hours.

3. Production Intensification

  • Salmon farming density up 40% since 2020, increasing outbreak risks.
  • Asia-Pacific shrimp production to grow 25% by 2026 (FAO).

Competitive Landscape

Company

Market Share

Flagship Product

Strategic Edge

Zoetis

30%

AlphaJect® vaccines

Salmon market leader

PHARMAQ (Merck)

25%

Norvax® line

Oral delivery expertise

Vaxxinova

20%

BioOral platform

Yeast-vectored vaccines

Emerging Disruptors:

  • AquaBounty Technologies: DNA vaccines for GM salmon (FDA-approved).
  • ViAqua Therapeutics: RNAi-based shrimp vaccines (Series B: USD 35M).

Market Segmentation

  • By Species:
    • Salmon (45%): Highest value segment.
    • Shrimp (XX%): Fastest-growing (15% CAGR).
    • Tilapia (XX%): Emerging mRNA adoption.
  • By Technology:
    • Inactivated (50%): Current standard.
    • mRNA (XX%): Projected 25% CAGR through 2031.
  • By Region:
    • Europe (40%): Norway leads salmon vaccination.
    • Asia-Pacific (XX%): Vietnam/India shrimp focus.
    • Americas (XX%): Chilean salmon farms.

Recent Developments (2024)

  • March 2024: Elanco's TiLV vaccine approved in Indonesia and Brazil.
  • June 2024: Vietnam mandates WSSV vaccination for all export shrimp.
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Key Players

  • Aquaculture Vaccines Market – Zoetis Inc.
  • Merck & Co. Inc.
  • Elanco Animal Health
  • Virbac
  • HIPRA
  • Phibro Animal Health Corporation
  • Benchmark Holdings plc
  • Kyoritsu Seiyaku Corporation
  • Vaxxinova International BV
  • IDT Biologika GmbH.
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Table Of Contents

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Global Aquaculture Vaccines Market Report

  1. 1. Global Aquaculture Vaccines Market Research Report
    1. 1.1 Study Objectives
    2. 1.2 Global Aquaculture Vaccines Market - Overview
    3. 1.3 Reason to Read This Report
    4. 1.4 Methodology and Forecast Analysis
    2. Global Aquaculture Vaccines Market Research Report - Preface
    1. 2.1 Global Aquaculture Vaccines Market Research Report – Detailed Scope and Definitions
      1. 2.1.1 By Vaccine Type
      2. 2.1.2 By Application
      3. 2.1.3 By End-user
      4. 2.1.4 By Region
    3. Global Aquaculture Vaccines Market Dynamics
    1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
    2. 3.2. Restraints – By Vaccine Type, By Application, By End-user, By Country
    3. 3.3. Opportunities – By Vaccine Type, By Application, By End-user, By Country
    4. 3.4. Trends – By Vaccine Type, By Application, By End-user, By Country
    5. 3.5. PEST Analysis
    6. 3.6. Porters Five Rule Analysis
    7. 3.7. Company’s Share Analysis (CSA) by Region or By Country
    8. 3.8. Global Aquaculture Vaccines Market Research Report – DROTs Impact Analysis
    4. Global Aquaculture Vaccines Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
    1. 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    2. 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
    3. 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
    4. 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    5. Global Aquaculture Vaccines Market, By Vaccine Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 5.1 Bacterial Vaccines
      1. 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    2. 5.2 Viral Vaccines
      1. 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    3. 5.3 Parasitic Vaccines
      1. 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. Global Aquaculture Vaccines Market, By Application, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 6.1 Fish
      1. 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    2. 6.2 Shrimp
      1. 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    3. 6.3 Mollusks
      1. 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    4. 6.4 Others
      1. 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    7. Global Aquaculture Vaccines Market, By End-user, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 7.1 Aquaculture Farms
      1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    2. 7.2 Veterinary Clinics
      1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    3. 7.3 Research Institutes.
      1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    8. Global Aquaculture Vaccines Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
    1. 8.1 North America
      1. 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    2. 8.2 Europe
      1. 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    3. 8.3 Asia-Pacific
      1. 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    4. 8.4 Latin America
      1. 8.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 8.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 8.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 8.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    5. 8.5 Middle East & Africa
      1. 8.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 8.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 8.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 8.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 8.6 Global Aquaculture Vaccines Market - Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Region, 2024 - 2031
    9. North America Aquaculture Vaccines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 9.1 By Vaccine Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.1.1 Bacterial Vaccines
      2. 9.1.2 Viral Vaccines
      3. 9.1.3 Parasitic Vaccines
      9.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.2.1 Fish
      2. 9.2.2 Shrimp
      3. 9.2.3 Mollusks
      4. 9.2.4 Others
      9.3 By End-user Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.3.1 Aquaculture Farms
      2. 9.3.2 Veterinary Clinics
      3. 9.3.3 Research Institutes.
      9.4 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.4.1 United States
      2. 9.4.2 Canada
      9.5 North America Global Aquaculture Vaccines Market – Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Country, 2024 - 2031
      9.6 Regional Trends Analysis
      9.7 North America Global Aquaculture Vaccines Market Research Report - Company Profiles
      1. 9.7.1 Company 1 (United States)
      2. 9.7.2 Company 2 (Canada)
      3. 9.7.3 Company 3 (Canada)
    10. Europe Aquaculture Vaccines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 10.1 By Vaccine Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.1.1 Bacterial Vaccines
      2. 10.1.2 Viral Vaccines
      3. 10.1.3 Parasitic Vaccines
      10.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.2.1 Fish
      2. 10.2.2 Shrimp
      3. 10.2.3 Mollusks
      4. 10.2.4 Others
      10.3 By End-user Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.3.1 Aquaculture Farms
      2. 10.3.2 Veterinary Clinics
      3. 10.3.3 Research Institutes.
      10.4 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.4.1 Germany
      2. 10.4.2 United Kingdom
      3. 10.4.3 France
      4. 10.4.4 Spain
      5. 10.4.5 Italy
      6. 10.4.6 Russia
      7. 10.4.7 Netherlands
      8. 10.4.8 Poland
      9. 10.4.9 Rest of Europe
      10.5 Europe Global Aquaculture Vaccines Market – Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Country, 2024 - 2031
      10.6 Regional Trends Analysis
      10.7 Europe Global Aquaculture Vaccines Market Research Report - Company Profiles
      1. 10.7.1 Company 1 (Germany)
      2. 10.7.2 Company 2 (United Kingdom)
      3. 10.7.3 Company 3 (United Kingdom)
    11. Asia-Pacific Aquaculture Vaccines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 11.1 By Vaccine Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.1.1 Bacterial Vaccines
      2. 11.1.2 Viral Vaccines
      3. 11.1.3 Parasitic Vaccines
      11.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.2.1 Fish
      2. 11.2.2 Shrimp
      3. 11.2.3 Mollusks
      4. 11.2.4 Others
      11.3 By End-user Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.3.1 Aquaculture Farms
      2. 11.3.2 Veterinary Clinics
      3. 11.3.3 Research Institutes.
      11.4 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.4.1 China
      2. 11.4.2 Japan
      3. 11.4.3 India
      4. 11.4.4 South Korea
      5. 11.4.5 Australia & NZ
      6. 11.4.6 ASEAN
      7. 11.4.7 Rest of Asia-Pacific
      11.5 Asia-Pacific Global Aquaculture Vaccines Market – Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Country, 2024 - 2031
      11.6 Regional Trends Analysis
      11.7 Asia-Pacific Global Aquaculture Vaccines Market Research Report - Company Profiles
      1. 11.7.1 Company 1 (China)
      2. 11.7.2 Company 2 (Japan)
      3. 11.7.3 Company 3 (Japan)
    12. Latin America Aquaculture Vaccines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 12.1 By Vaccine Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.1.1 Bacterial Vaccines
      2. 12.1.2 Viral Vaccines
      3. 12.1.3 Parasitic Vaccines
      12.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.2.1 Fish
      2. 12.2.2 Shrimp
      3. 12.2.3 Mollusks
      4. 12.2.4 Others
      12.3 By End-user Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.3.1 Aquaculture Farms
      2. 12.3.2 Veterinary Clinics
      3. 12.3.3 Research Institutes.
      12.4 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.4.1 Brazil
      2. 12.4.2 Mexico
      3. 12.4.3 Argentina
      4. 12.4.4 Peru
      5. 12.4.5 Colombia
      6. 12.4.6 Rest of Latin America
      12.5 Latin America Global Aquaculture Vaccines Market – Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Country, 2024 - 2031
      12.6 Regional Trends Analysis
      12.7 Latin America Global Aquaculture Vaccines Market Research Report - Company Profiles
      1. 12.7.1 Company 1 (Brazil)
      2. 12.7.2 Company 2 (Mexico)
      3. 12.7.3 Company 3 (Mexico)
    13. Middle East & Africa Aquaculture Vaccines Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 13.1 By Vaccine Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 13.1.1 Bacterial Vaccines
      2. 13.1.2 Viral Vaccines
      3. 13.1.3 Parasitic Vaccines
      13.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 13.2.1 Fish
      2. 13.2.2 Shrimp
      3. 13.2.3 Mollusks
      4. 13.2.4 Others
      13.3 By End-user Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 13.3.1 Aquaculture Farms
      2. 13.3.2 Veterinary Clinics
      3. 13.3.3 Research Institutes.
      13.4 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 13.4.1 Saudi Arabia
      2. 13.4.2 UAE
      3. 13.4.3 South Africa
      4. 13.4.4 Egypt
      5. 13.4.5 Israel
      6. 13.4.6 Rest of Middle East and Africa
      13.5 Middle East & Africa Global Aquaculture Vaccines Market – Opportunity Analysis Index, By Vaccine Type, By Application, By End-user, and Country, 2024 - 2031
      13.6 Regional Trends Analysis
      13.7 Middle East & Africa Global Aquaculture Vaccines Market Research Report - Company Profiles
      1. 13.7.1 Company 1 (Saudi Arabia)
      2. 13.7.2 Company 2 (UAE)
      3. 13.7.3 Company 3 (UAE)
    14. Competition Landscape
    1. 14.1 Strategic Dashboard of Top Market Players
      14.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
      1. 14.2.1 Aquaculture Vaccines Market – Zoetis Inc.
      2. 14.2.2 Merck & Co. Inc.
      3. 14.2.3 Elanco Animal Health
      4. 14.2.4 Virbac
      5. 14.2.5 HIPRA
      6. 14.2.6 Phibro Animal Health Corporation
      7. 14.2.7 Benchmark Holdings plc
      8. 14.2.8 Kyoritsu Seiyaku Corporation
      9. 14.2.9 Vaxxinova International BV
      10. 14.2.10 IDT Biologika GmbH.
    15. Data Collection Method and Research Approach
    16. Principal Presumptions and Acronyms





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