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.
Market Breakup by Ingredient
Market Break up by Additives
Market Break up by Product Forms
Market Break up by End User
Market Break up 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.
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:
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