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The Vietnam aquaculture market reached a volume of 4.8 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 6.0 Million Tons by 2027, exhibiting a CAGR of 3.91% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam aquaculture market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, environment and distribution channel.
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.
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.
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.
Breakup by Region:
Based on the region, the market has been segmented into northern, central and southern regions.
The report has also examined the competitive landscape of the Vietnam aquaculture market. Some of the major players include:
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.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion, Million Tons |
| Segment Coverage | Product Type, Environment, Distribution Channel, Region |
| Region Covered | Southern Region, Northern Region, Central Region |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Vietnam aquaculture market reached a volume of 4.8 Million Tons in 2021.
We expect the Vietnam aquaculture market to exhibit a CAGR of 3.91% during 2022-2027.
The increasing consumption of seafood products, such as shrimp, pangasius, tuna, etc., owing to their
high nutritional value, ease of digestion, and cost-effectiveness, is primarily driving the Vietnam
aquaculture market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations in the nation, resulting in a temporary halt in numerous aquaculture activities and restriction
on export and import of seafood.
Based on the product type, the Vietnam aquaculture market can be segmented into freshwater fish,
crustaceans, mollusks, and others. Currently, freshwater fish holds the majority of the total market
share.
Based on the environment, the Vietnam aquaculture market has been divided into fresh water, brackish
water, and marine water. Among these, fresh water currently exhibits a clear dominance in the market.
Based on the distribution channel, the Vietnam aquaculture market can be categorized into traditional
retail, specialized retailers, supermarkets and hypermarkets, online retailers, and others. Currently,
traditional retail accounts for the largest market share.
On a regional level, the market has been classified into Southern Region, Northern Region, and Central
Region, where the Southern Region currently dominates the market.
Some of the major players in the Vietnam aquaculture market 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, etc.
10% Free customization
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