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

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

Report Format: PDF+Excel | Report ID: SR112023A1264
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Market Overview:

The Vietnam aquafeed market reached a value of US$ 280.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 513.5 Million by 2027, exhibiting at a CAGR of 10.62% 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.

A major factor driving the demand of aquafeed in the country is its large aquaculture market. Vietnam is currently ranked as the fourth-largest producer of seafood from aquaculture, after China, Indonesia, and India. Moreover, changes in the diet preferences of consumers coupled with rising incomes have increased the consumption of seafood within the country creating a positive impact on the aquafeed market. Some of the major seafood products in Vietnam include shrimps, pangasius, tuna and marine fish. Some of the other factors driving the market include rising exports, strong government support, advancements in feed manufacturing technology, rising awareness on the adoption of modern feeding practices, etc. Catalyzed, by the rising demand, existing players in the country have expanded their production capacities and several new players have also recently entered the market.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam aquafeed market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on ingredient, additives, product forms, end user and distribution channel.

Breakup by Ingredient

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Grains and Cereals
  • Soybean
  • Fish Meal
  • Additives
  • Fish Oil
  • Others
     

Breakup by Additives

  • Amino Acids
  • Antibiotics
  • Vitamins
  • Feed Acidifiers
  • Others
     

Breakup by Product Forms

  • Pellets
  • Extruded
  • Powdered
  • Liquid
     

Breakup by End User

  • Catfish
  • Shrimp
  • Mollusks
  • Tilapia
  • Carps
  • Salmon
  • Others
     

Breakup by Distribution Channel

  • Direct to Farmers
  • Local Wholesalers
  • Exports
  • Others
     

Breakup by Region

  • Southern Vietnam
  • Northern Vietnam
  • Central Vietnam
     

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Cargill Inc., De Heus LLC, Proconco, GreenFeed Vietnam Corp., Charoen Pokphand (CP), Uni President Vietnam, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons, US$ Million
Segment Coverage Ingredient, Additives, Product Forms, End User, Distribution Channel, Region
Region Covered  Southern Vietnam, Northern Vietnam, Central Vietnam
Companies Covered Cargill Inc., De Heus LLC, Proconco, GreenFeed Vietnam Corp., Charoen Pokphand (CP) and Uni President Vietnam
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 2299
Five User License $ 3399
Corporate License $ 4499
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)

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