Vietnam Aquafeed Market Size, Share and Forecast 2019-2024

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Vietnam commercial aquafeed market reached a volume of 3.9 Million Tons in 2018. 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. Some of the key players in the market include Cargill Inc., De Heus LLC, Proconco, GreenFeed Vietnam Corp, Charoen Pokphand (CP), Uni President Vietnam.

Report Scope

Market Breakup by Ingredient

Grains and Cereals
Soybean
Fish Meal
Additives
Fish Oil
Others

Market Break up by Additives

Amino Acids
Antibiotics
Vitamins
Feed Acidifiers
Others

Market Break up by Product Forms

Pellets
Extruded
Powdered
Liquid

Market Break up by End User

Catfish
Shrimp
Mollusks
Tilapia
Carps
Salmon
Others

Market Break up 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.

IMARC Group’s new report provides a deep insight into the Vietnam aquafeed 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 aquafeed market in any manner.

Key Questions Answered in This Report:

How has the Vietnam aquafeed market performed so far and how will it perform in the coming years?
What is the breakup of the Vietnam aquafeed market based on the ingredient?
What is the breakup of the Vietnam aquafeed market based on the additives?
What is the breakup of the Vietnam aquafeed market based on the product forms?
What is the breakup of the Vietnam aquafeed market based on the end user?
What is the breakup of the Vietnam aquafeed market based on the region?
What are the various stages in the value chain of the Vietnam aquafeed market?
What are the key driving factors and challenges in Vietnam aquafeed market?
What is the structure of the Vietnam aquafeed market and who are the key players?
What is the degree of competition in the Vietnam aquafeed market?