Market Overview:
The Vietnam aquaculture market exhibited moderate growth during 2015-2020. Vietnam is one of the most suitable places for the seafood industry, including both aquaculture and open ocean fishing with its coastline of 3,260 kilometres and an Economic Exclusion Zone of 1 million square kilometres. Currently, Vietnam is ranked as the fourth-largest producer of seafood from aquaculture behind China, Indonesia and India. Aquaculture systems are diversified according to different geographical and climatic conditions as one moves from the north, through central to the south of Vietnam.
Over the past few years, there has been an increasing consumption of fish in Vietnam. Some of the key factors driving the consumption of fish in Vietnam is their heir high nutritional value, their easiness to digest and the fact that they are more economical compared to other protein sources such as beef or pork. Moreover, consumers in Vietnam prefer fish in their diet as it's easy to cook, widely available, and adds variety to the daily diet. Apart from its large domestic market, Vietnam also represents a major exporter of aquaculture products. In 2017, Vietnam exported aquaculture products worth more than US$ 8 Billion, a growth of 18% over 2016. Some of the important seafood products include shrimp, pangasius, tuna and marine fish. Shrimp, currently represents the most important export product, and accounted for around 50% of the total export turnover of the country. Driven by a strong domestic consumption and increasing exports, the Vietnam aquaculture market is expected to reach a volume of around 6 Million Tons by 2026, exhibiting moderate growth during the forecast period (2021-2026).
Market Breakup by Product Type
On the basis of product type, the market has been segmented as freshwater fish, crustaceans, mollusks and others. Currently, freshwater fish dominates the market, holding the largest share.
Market Breakup by Environment
Based on the environment, the market has been divided as fresh water, brackish water and marine water. Fresh water represents the biggest segment, accounting for the largest market share.
Market Breakup by Distribution Channel
Based on the distribution channel, the market has been segregated into traditional retail, specialized retailers, supermarkets and hypermarkets, online retailers and others.
Market Breakup by Region
Based on the region, the market has been segmented into northern, central and southern regions.
Competitive Landscape:
The report has also examined the competitive landscape of the Vietnam aquaculture market. Some of the major players include:
- Ca Mau Seafood Processing & Service Joint Stock Corporation
- Hung Vuong Corporation
- Minh Phu seafood corporation
- Vinh Hoan corporation
- Quoc Viet seafood
- Dong Nam Seafood
- Phuong Dong Seafood
- Ngoc Sinh seafood
- SOC Trang Seafood Joint Stock Company
- Thuan Hung Fisheries Company Ltd
This report provides a deep insight into the Vietnam aquaculture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Vietnam aquaculture market in any manner.
Along with this, IMARC Group has also done a study on the Vietnam Pangasius market, which has enabled our clients to set up and expand their businesses successfully.
Key Questions Answered in This Report:
The Vietnam aquaculture market size reached a volume of 4.4 Million Tons in 2020.
According to the estimates by IMARC Group, the Vietnam aquaculture market is expected to witness a CAGR of 4.8% from 2021 to 2026.
The growing export of aquaculture products and the increasing consumption of fish represents some of the key drivers for the Vietnam aquaculture market.
Governing agencies and leading players are adopting various strategies to enhance the efficiency and productivity of aquaculture products, thereby representing one of the key trends in the Vietnam aquaculture market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in supply chain disruptions and halt in export and import of seafood.
On the basis of the product type, the market has been segmented into freshwater fish, crustaceans, mollusks, and others. At present, freshwater fish exhibits a clear dominance in the market.
On the basis of the environment, the market has been bifurcated into fresh water, brackish water, and marine water. Currently, fresh water holds the majority of the total market share.
On the basis of the distribution channel, the market has been bifurcated into traditional retail, specialized retailers, supermarkets and hypermarkets, online retailers, and others. Currently, traditional retail accounts for the majority of the market share.
Region-wise, the market has been classified into northern region, central region, and southern region, where southern region dominates Vietnam aquaculture market.
The key companies in the Vietnam aquaculture market are Ca Mau Seafood Processing & Service Joint Stock Corporation, Hung Vuong Corporation, Minh Phu seafood corporation, Vinh Hoan corporation, Quoc Viet seafood, Dong Nam Seafood, Phuong Dong Seafood, Ngoc Sinh seafood, SOC Trang Seafood Joint Stock Company, and Thuan Hung Fisheries Company Ltd.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Vietnam Aquaculture Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Environment
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Raw Material Procurement
5.10.3 Primary Processing
5.10.4 Large Scale Industrial Processing
5.10.5 Packaging and Export
5.10.6 Distribution
5.10.7 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Price Analysis
5.12.1 Key Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
5.13 Key Success and Risk Factors
6 Market Breakup by Product Type
6.1 Freshwater Fish
6.1.1 Market Performance
6.1.2 Market Forecast
6.2 Crustaceans
6.2.1 Market Performance
6.2.2 Market Forecast
6.3 Mollusks
6.3.1 Market Performance
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Performance
6.4.2 Market Forecast
7 Market Breakup by Environment
7.1 Fresh Water
7.1.1 Market Performance
7.1.2 Market Forecast
7.2 Brackish Water
7.2.1 Market Performance
7.2.2 Market Forecast
7.3 Marine Water
7.3.1 Market Performance
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Traditional Retail
8.1.1 Market Performance
8.1.2 Market Forecast
8.2 Specialised Retailers
8.2.1 Market Performance
8.2.2 Market Forecast
8.3 Supermarkets and Hypermarkets
8.3.1 Market Performance
8.3.2 Market Forecast
8.4 Online Retailers
8.4.1 Market Performance
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Performance
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 Southern Region
9.1.1 Market Performance
9.1.2 Market Forecast
9.2 Northern Region
9.2.1 Market Performance
9.2.2 Market Forecast
9.3 Central Region
9.3.1 Market Performance
9.3.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
11 Key Player Profiles
11.1 Ca Mau Seafood Processing & Service Joint Stock Corporation
11.2 Hung Vuong Corporation
11.3 Minh Phu seafood corporation
11.4 Vinh Hoan corporation
11.5 Quoc Viet seafood
11.6 Dong Nam Seafood
11.7 Phuong Dong Seafood
11.8 Ngoc Sinh seafood
11.9 SOC Trang Seafood Joint Stock Company
11.10 Thuan Hung Fisheries Company Ltd
List of Figures
Figure 1: Vietnam: Aquaculture Market: Major Drivers and Challenges
Figure 2: Vietnam: Aquaculture Market: Production Volume (in Million Tons), 2015-2020
Figure 3: Vietnam: Aquaculture Market: Production Value (in Billion US$), 2015-2020
Figure 4: Vietnam: Aquaculture Market: Breakup by Product Type (in %), 2020
Figure 5: Vietnam: Aquaculture Market: Breakup by Environment (in %), 2020
Figure 6: Vietnam: Aquaculture Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Vietnam: Aquaculture Market: Breakup by Region (in %), 2020
Figure 8: Vietnam: Aquaculture Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 9: Vietnam: Aquaculture Market Forecast: Production Value (in Billion US$), 2021-2026
Figure 10: Vietnam: Aquaculture Industry: SWOT Analysis
Figure 11: Vietnam: Aquaculture Industry: Value Chain Analysis
Figure 12: Vietnam: Aquaculture Industry: Porter’s Five Forces Analysis
Figure 13: Vietnam: Aquaculture Market (Freshwater Fish): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 14: Vietnam: Aquaculture Market Forecast (Freshwater Fish): Production Volume (in ‘000 Tons), 2021-2026
Figure 15: Vietnam: Aquaculture Market (Crustaceans): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 16: Vietnam: Aquaculture Market Forecast (Crustaceans): Production Volume (in ‘000 Tons), 2021-2026
Figure 17: Vietnam: Aquaculture Market (Mollusks): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 18: Vietnam: Aquaculture Market Forecast (Mollusks): Production Volume (in ‘000 Tons), 2021-2026
Figure 19: Vietnam: Aquaculture Market (Other Product Type): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 20: Vietnam: Aquaculture Market Forecast (Other Product Type): Production Volume (in ‘000 Tons), 2021-2026
Figure 21: Vietnam: Aquaculture Market (Fresh Water): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 22: Vietnam: Aquaculture Market Forecast (Fresh Water): Production Volume (in ‘000 Tons), 2021-2026
Figure 23: Vietnam: Aquaculture Market (Brackish Water): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 24: Vietnam: Aquaculture Market Forecast (Brackish Water): Production Volume (in ‘000 Tons), 2021-2026
Figure 25: Vietnam: Aquaculture Market (Marine Water): Production Volume (in ‘000 Tons), 2015 & 2020
Figure 26: Vietnam: Aquaculture Market Forecast (Marine Water): Production Volume (in ‘000 Tons), 2021-2026
Figure 27: Vietnam: Aquaculture Market (Traditional Retail): Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 28: Vietnam: Aquaculture Market Forecast (Traditional Retail): Consumption Volume (in ‘000 Tons), 2021-2026
Figure 29: Vietnam: Aquaculture Market (Specialised Retailers): Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 30: Vietnam: Aquaculture Market Forecast (Specialised Retailers): Consumption Volume (in ‘000 Tons), 2021-2026
Figure 31: Vietnam: Aquaculture Market (Supermarkets and Hypermarkets): Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 32: Vietnam: Aquaculture Market Forecast (Supermarkets and Hypermarkets): Consumption Volume (in ‘000 Tons), 2021-2026
Figure 33: Vietnam: Aquaculture Market (Online Retailers): Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 34: Vietnam: Aquaculture Market Forecast (Online Retailers): Consumption Volume (in ‘000 Tons), 2021-2026
Figure 35: Vietnam: Aquaculture Market (Other Distribution Channel): Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 36: Vietnam: Aquaculture Market Forecast (Other Distribution Channel): Consumption Volume (in ‘000 Tons), 2021-2026
Figure 37: Southern Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2015 & 2020
Figure 38: Southern Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2021-2026
Figure 39: Northern Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2015 & 2020
Figure 40: Northern Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2021-2026
Figure 41: Central Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2015 & 2020
Figure 42: Central Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2021-2026
List of Tables
Table 1: Vietnam: Aquaculture Market: Key Industry Highlights, 2020 and 2026
Table 2: Vietnam: Aquaculture Market Forecast: Breakup by Product Type (in ‘000 Tons), 2021-2026
Table 3: Vietnam: Aquaculture Market Forecast: Breakup by Environment (in ‘000 Tons), 2021-2026
Table 4: Vietnam: Aquaculture Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2021-2026
Table 5: Vietnam: Aquaculture Market Forecast: Breakup by Region (in ‘000 Tons), 2021-2026
Table 6: Vietnam: Aquaculture Market: Competitive Structure
Table 7: Vietnam: Aquaculture Market: Key Players