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Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. 

Key Market Segmentation:

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:

  • Freshwater Fish
  • Crustaceans
  • Mollusks
  • Others
     

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:

  • Fresh Water
  • Brackish Water
  • Marine Water
     

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:

  • Traditional Retail
  • Specialized Retailers
  • Supermarkets and Hypermarkets
  • Online Retailers
  • Others
     

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:

  • Southern Region
  • Northern Region
  • Central 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.

Report Coverage:

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)

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    Specialized 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), 2016-2021
Figure 3: Vietnam: Aquaculture Market: Production Value (in Billion US$), 2016-2021
Figure 4: Vietnam: Aquaculture Market: Breakup by Product Type (in %), 2021
Figure 5: Vietnam: Aquaculture Market: Breakup by Environment (in %), 2021
Figure 6: Vietnam: Aquaculture Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Vietnam: Aquaculture Market: Breakup by Region (in %), 2021
Figure 8: Vietnam: Aquaculture Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 9: Vietnam: Aquaculture Market Forecast: Production Value (in Billion US$), 2022-2027
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), 2016 & 2021
Figure 14: Vietnam: Aquaculture Market Forecast (Freshwater Fish): Production Volume (in ‘000 Tons), 2022-2027
Figure 15: Vietnam: Aquaculture Market (Crustaceans): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 16: Vietnam: Aquaculture Market Forecast (Crustaceans): Production Volume (in ‘000 Tons), 2022-2027
Figure 17: Vietnam: Aquaculture Market (Mollusks): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 18: Vietnam: Aquaculture Market Forecast (Mollusks): Production Volume (in ‘000 Tons), 2022-2027
Figure 19: Vietnam: Aquaculture Market (Other Product Types): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 20: Vietnam: Aquaculture Market Forecast (Other Product Types): Production Volume (in ‘000 Tons), 2022-2027
Figure 21: Vietnam: Aquaculture Market (Fresh Water): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 22: Vietnam: Aquaculture Market Forecast (Fresh Water): Production Volume (in ‘000 Tons), 2022-2027
Figure 23: Vietnam: Aquaculture Market (Brackish Water): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 24: Vietnam: Aquaculture Market Forecast (Brackish Water): Production Volume (in ‘000 Tons), 2022-2027
Figure 25: Vietnam: Aquaculture Market (Marine Water): Production Volume (in ‘000 Tons), 2016 & 2021
Figure 26: Vietnam: Aquaculture Market Forecast (Marine Water): Production Volume (in ‘000 Tons), 2022-2027
Figure 27: Vietnam: Aquaculture Market (Traditional Retail): Consumption Volume (in ‘000 Tons), 2016 & 2021
Figure 28: Vietnam: Aquaculture Market Forecast (Traditional Retail): Consumption Volume (in ‘000 Tons), 2022-2027
Figure 29: Vietnam: Aquaculture Market (Specialized Retailers): Consumption Volume (in ‘000 Tons), 2016 & 2021
Figure 30: Vietnam: Aquaculture Market Forecast (Specialized Retailers): Consumption Volume (in ‘000 Tons), 2022-2027
Figure 31: Vietnam: Aquaculture Market (Supermarkets and Hypermarkets): Consumption Volume (in ‘000 Tons), 2016 & 2021
Figure 32: Vietnam: Aquaculture Market Forecast (Supermarkets and Hypermarkets): Consumption Volume (in ‘000 Tons), 2022-2027
Figure 33: Vietnam: Aquaculture Market (Online Retailers): Consumption Volume (in ‘000 Tons), 2016 & 2021
Figure 34: Vietnam: Aquaculture Market Forecast (Online Retailers): Consumption Volume (in ‘000 Tons), 2022-2027
Figure 35: Vietnam: Aquaculture Market (Other Distribution Channels): Consumption Volume (in ‘000 Tons), 2016 & 2021
Figure 36: Vietnam: Aquaculture Market Forecast (Other Distribution Channels): Consumption Volume (in ‘000 Tons), 2022-2027
Figure 37: Southern Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 38: Southern Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 39: Northern Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 40: Northern Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 41: Central Region: Aquaculture Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 42: Central Region: Aquaculture Market Forecast: Production Volume (in ‘000 Tons), 2022-2027

List of Tables

Table 1: Vietnam: Aquaculture Market: Key Industry Highlights, 2021 and 2027
Table 2: Vietnam: Aquaculture Market Forecast: Breakup by Product Type (in ‘000 Tons), 2022-2027
Table 3: Vietnam: Aquaculture Market Forecast: Breakup by Environment (in ‘000 Tons), 2022-2027
Table 4: Vietnam: Aquaculture Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2022-2027
Table 5: Vietnam: Aquaculture Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 6: Vietnam: Aquaculture Market: Competitive Structure
Table 7: Vietnam: Aquaculture Market: Key Players

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Key Questions Answered in This Report

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.

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