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The Vietnam commercial aquafeed market reached a volume of 7.17 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.5% 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.
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.
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 2021-2026. Our report has categorized the market based on ingredient, additives, product forms and end user.
Breakup by Ingredient
Breakup by Additives
Breakup by Product Forms
Breakup by End User
Breakup by Region
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.
|Base Year of the Analysis||2020|
|Units||Million Tons, US$ Million|
|Segment Coverage||Ingredient, Additives, Product Forms, End User, 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 $ 1999
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Corporate License $ 3999
|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)|
Key Questions Answered in This Report:
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