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The Vietnam aquaculture market exhibited moderate growth during 2015-2020. Driven by a strong domestic consumption and increasing exports, the market is expected to reach a volume of around 6 Million Tons by 2026, exhibiting moderate growth during 2021-2026. 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. 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.
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 2021-2026. 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.
Competitive Landscape:
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 | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| 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$ 2499 Five User License: US$ 2999 Corporate License: US$ 3499 |
| 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 is expected to reach a volume of around 6 Million Tons by 2026.
According to the estimates by IMARC Group, the Vietnam aquaculture market is expected to exhibit moderate growth during the forecast period (2021-2026).
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.
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