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Press Release:

Vietnam Aquafeed Market to Reach US$ 513.5 Million by 2027, Bolstered by Adoption of Modern Feeding Practices

COVID-19
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Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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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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: Values and trends in the above chart consists of dummy data and are 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)

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 Aquafeed 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 Ingredient
    5.5    Market Breakup by Additives
    5.6    Market Breakup by Product Forms
    5.7    Market Breakup by End User
    5.8    Market Breakup by Distribution Channel
    5.9    Market Breakup by Region
    5.10    Market Forecast
    5.11    SWOT Analysis
        5.11.1    Overview
        5.11.2    Strengths
        5.11.3    Weaknesses
        5.11.4    Opportunities
        5.11.5    Threats
    5.12    Value Chain Analysis
        5.12.1    Overview
        5.12.2    Input Suppliers
        5.12.3    Feed Manufacturers
        5.12.4    Marketing
        5.12.5    Distribution
        5.12.6    Exports
        5.12.7    End-Use
    5.13    Porters Five Forces Analysis
        5.13.1    Overview
        5.13.2    Bargaining Power of Buyers
        5.13.3    Bargaining Power of Suppliers
        5.13.4    Degree of Competition
        5.13.5    Threat of New Entrants
        5.13.6    Threat of Substitutes
    5.14    Price Analysis
        5.14.1    Price Indicators
        5.14.2    Price Structure
        5.14.3    Margin Analysis
6   Market Breakup by Ingredient
    6.1    Grains and Cereals
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Soybean
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Fish Meal
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Additives
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Fish Oil
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    Others
        6.6.1    Market Trends
        6.6.2    Market Forecast
7   Market Breakup by Additives
    7.1    Amino Acids
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Antibiotics
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Vitamins
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Feed Acidifiers
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by Product Form
    8.1    Pellets
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Extruded
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Powdered
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Liquid
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by End User
    9.1    Catfish
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Shrimp
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Mollusks
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Tilapia
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Carps
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Salmon
        9.6.1    Market Trends
        9.6.2    Market Forecast
    9.7    Others
        9.7.1    Market Trends
        9.7.2    Market Forecast
10   Market Breakup by Distribution Channel
    10.1    Direct to Farmers
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Local Wholesalers
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Exports
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others
        10.4.1    Market Trends
        10.4.2    Market Forecast
11  Market Breakup by Region
    11.1    Southern Vietnam
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Northern Vietnam
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Central Vietnam
        11.3.1    Market Trends
        11.3.2    Market Forecast
12  Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Cargill Inc.
        12.3.2    De Heus LLC
        12.3.3    Proconco
        12.3.4    GreenFeed Vietnam Corp.
        12.3.5    Charoen Pokphand (CP)
        12.3.6    Uni President Vietnam
 
List of Figures

Figure 1: Vietnam: Aquafeed Market: Major Drivers and Challenges
Figure 2: Vietnam: Aquafeed Market: Production Volume (in Million Tons), 2016-2021
Figure 3: Vietnam: Aquafeed Market: Consumption Volume (in Million Tons), 2016-2021
Figure 4: Vietnam: Aquafeed Market: Consumption Value (in Million US$), 2016-2021
Figure 5: Vietnam: Aquafeed Market: Breakup by Ingredient (in %), 2021
Figure 6: Vietnam: Aquafeed Market: Breakup by Additives (in %), 2021
Figure 7: Vietnam: Aquafeed Market: Breakup by Product Forms (in %), 2021
Figure 8: Vietnam: Aquafeed Market: Breakup by End User (in %), 2021
Figure 9: Vietnam: Aquafeed Market: Breakup by Distribution Channel (in %), 2021
Figure 10: Vietnam: Aquafeed Market: Breakup by Region (in %), 2021
Figure 11: Vietnam: Aquafeed Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 12: Vietnam: Aquafeed Market Forecast: Consumption Volume (in Million Tons), 2022-2027
Figure 13: Vietnam: Aquafeed Market Forecast: Consumption Value (in Million US$), 2022-2027
Figure 14: Vietnam: Aquafeed Industry: SWOT Analysis
Figure 15: Vietnam: Aquafeed Industry: Value Chain Analysis
Figure 16: Vietnam Aquafeed Industry: Porter’s Five Forces Analysis
Figure 17: Vietnam: Aquafeed (Grains and Cereals) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 18: Vietnam: Aquafeed (Grains and Cereals) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 19: Vietnam: Aquafeed (Soybean) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 20: Vietnam: Aquafeed (Soybean) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 21: Vietnam: Aquafeed (Fish Meal) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 22: Vietnam: Aquafeed (Fish Meal) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 23: Vietnam: Aquafeed (Additives) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 24: Vietnam: Aquafeed (Additives) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 25: Vietnam: Aquafeed (Fish Oil) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 26: Vietnam: Aquafeed (Fish Oil) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 27: Vietnam: Aquafeed (Other Ingredients) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 28: Vietnam: Aquafeed (Other Ingredients) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 29: Vietnam: Aquafeed (Amino Acids) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 30: Vietnam: Aquafeed (Amino Acids) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 31: Vietnam: Aquafeed (Antibiotics) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 32: Vietnam: Aquafeed (Antibiotics) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 33: Vietnam: Aquafeed (Vitamins) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 34: Vietnam: Aquafeed (Vitamins) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 35: Vietnam: Aquafeed (Feed Acidifiers) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 36: Vietnam: Aquafeed (Feed Acidifiers) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 37: Vietnam: Aquafeed (Other Additives) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 38: Vietnam: Aquafeed (Other Additives) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 39: Vietnam: Aquafeed (Pellets) Market: Production Volume in ‘000 Tons), 2016 & 2021
Figure 40: Vietnam: Aquafeed (Pellets) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 41: Vietnam: Aquafeed (Extruded) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 42: Vietnam: Aquafeed (Extruded) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 43: Vietnam: Aquafeed (Powdered) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 44: Vietnam: Aquafeed (Powdered) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 45: Vietnam: Aquafeed (Liquid) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 46: Vietnam: Aquafeed (Liquid) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 47: Vietnam: Aquafeed (Catfish) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 48: Vietnam: Aquafeed (Catfish) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 49: Vietnam: Aquafeed (Shrimp) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 50: Vietnam: Aquafeed (Shrimp) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 51: Vietnam: Aquafeed (Mollusks) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 52: Vietnam: Aquafeed (Mollusks) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 53: Vietnam: Aquafeed (Tilapia) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 54: Vietnam: Aquafeed (Tilapia) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 55: Vietnam: Aquafeed (Carps) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 56: Vietnam: Aquafeed (Carps) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 57: Vietnam: Aquafeed (Salmon) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 58: Vietnam: Aquafeed (Salmon) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 59: Vietnam: Aquafeed (Other End Users) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 60: Vietnam: Aquafeed (Other End Users) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 61: Vietnam: Aquafeed (Direct to Farmers) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 62: Vietnam: Aquafeed (Direct to Farmers) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 63: Vietnam: Aquafeed (Local Wholesalers) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 64: Vietnam: Aquafeed (Local Wholesalers) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 65: Vietnam: Aquafeed (Exports) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 66: Vietnam: Aquafeed (Exports) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 67: Vietnam: Aquafeed (Others) Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 68: Vietnam: Aquafeed (Others) Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 69: Southern Vietnam: Aquafeed Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 70: Southern Vietnam: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 71: Northern Vietnam: Aquafeed Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 72: Northern Vietnam: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 73: Central Vietnam: Aquafeed Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 74: Central Vietnam: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2022-2027

List of Tables

Table 1: Vietnam: Aquafeed Market: Key Industry Highlights, 2021 and 2027
Table 2: Vietnam: Aquafeed Market Forecast: Breakup by Ingredient (in ‘000 Tons), 2022-2027
Table 3: Vietnam: Aquafeed Market Forecast: Breakup by Additives (in ‘000 Tons), 2022-2027
Table 4: Vietnam: Aquafeed Market Forecast: Breakup by Product Form (in ‘000 Tons), 2022-2027
Table 5: Vietnam: Aquafeed Market Forecast: Breakup by End User (in ‘000 Tons), 2022-2027
Table 6: Vietnam: Aquafeed Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2022-2027
Table 7: Vietnam: Aquafeed Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 8: Vietnam: Aquafeed Market: Competitive Structure
Table 9: Vietnam: Aquafeed Market: Key Players


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Key Questions Answered in This Report

The Vietnam aquafeed market was valued at US$ 280.4 Million in 2021.

We expect the Vietnam aquafeed market to exhibit a CAGR of 10.62% during 2022-2027.

The escalating consumption of seafood, along with the introduction of new feed variants produced from
high-quality natural and organic ingredients, is currently driving the Vietnam aquafeed market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across the nation resulting in temporary halt in various aquaculture activities and disruption
in supply chain for aquafeed.

Based on the ingredient, the Vietnam aquafeed market can be segmented into grains and cereals,
soybean, fish meal, additives, fish oil, and others. Currently, grains and cereals hold the majority of the
total market share.

Based on the additives, the Vietnam aquafeed market has been divided into amino acids, antibiotics,
vitamins, feed acidifiers, and others, where amino acids currently exhibit a clear dominance in the
market.

Based on the product forms, the Vietnam aquafeed market can be categorized into pellets, extruded,
powdered, and liquid. Among these, pellets-form aquafeed currently accounts for the majority of the
total market share.

Based on the end user, the Vietnam aquafeed market has been segregated into catfish, shrimp,
mollusks, tilapia, carps, salmon, and others. Currently, catfish exhibits a clear dominance in the market.

Based on the distribution channel, the Vietnam aquafeed market can be bifurcated into direct to
farmers, local wholesalers, exports, and others. Among these, direct to farmers distribution channel
holds the largest market share.

On a regional level, the market has been classified into Southern Vietnam, Northern Vietnam, and
Central Vietnam, where Southern Vietnam currently dominates the market.

Some of the major players in the Vietnam aquafeed market include Cargill Inc., De Heus LLC, Proconco,
GreenFeed Vietnam Corp., Charoen Pokphand (CP), Uni President Vietnam, etc.

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