Vietnam COD Market

Market Overview:

Vietnam cod market size is projected to exhibit a growth rate (CAGR) of 4.70% during 2024-2032. The growing adoption of seafood, along with the escalating demand among individuals for protein-rich diet, is primarily driving the market growth.

Cod represents a species of dark-spotted fish categorized within the Gadidae family. Diverse types include the Atlantic cod fish, Pacific cod fish, Greenland cod fish, and others. It serves as a valuable reservoir of crucial nutrients, including but not limited to vitamin A, vitamin B-12, vitamin D, vitamin E, protein, niacin, omega-3 fatty acids, and phosphorus. Consequently, its consumption aids in the reduction of blood cholesterol levels, reinforcement of the immune system, management of blood pressure, mitigation of the risks associated with cardiovascular diseases, and enhancement of cognitive abilities.

Vietnam COD Market Trends:

The Vietnam cod market is experiencing a notable upsurge, primarily driven by several factors contributing to the heightened demand for cod fish and its related products. The increasing awareness among consumers regarding the importance of maintaining optimal health and well-being has significantly propelled the consumption of cod liver oil, thereby stimulating the market growth. Additionally, the shifting consumer preferences from calorie-dense food items to protein-enriched diets have further accelerated the consumption of cod fish within the region. Furthermore, the prevalent occurrence of various lifestyle diseases, including hypertension, obesity, and arthritis, has amplified the demand for cod fish, underlining its role in promoting better health. The busy work schedules and sedentary lifestyles of consumers have also emphasized the need for processed, canned, and chilled cod fish with extended shelf life and convenient storage advantages. Moreover, the pharmaceutical industry's extensive utilization of cod liver oil, owing to its rich content of bioactive elements such as Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA), has fueled the market growth. Additionally, the expanding non-food applications of cod liver oil in the production of skincare nourishment products like creams, gels, and lotions have further bolstered the demand for cod fish. The introduction of innovative aquaculture practices aimed at enhancing productivity and controlling disease outbreaks within the cod fish species has also positively influenced the market's trajectory. Looking ahead, the continual emergence of organic product variants, driven by the growing occurrences of foodborne illnesses caused by pathogens found in conventionally cultured cod fish, is expected to sustain the market growth momentum in the forthcoming years.

Vietnam COD Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on species, source, product type, and distribution channel.

Species Insights:

• Atlantic Cod Fish
• Pacific Cod Fish
• Greenland Cod Fish
• Others
   

The report has provided a detailed breakup and analysis of the market based on the species. This includes atlantic cod fish, pacific cod fish, greenland cod fish, and others.

Source Insights:

• Farmed
• Wild Capture
   

A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes farmed and wild capture.

Product Type Insights:

• Fresh
• Canned
• Frozen
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product type. This includes fresh, canned, frozen, and others.

Distribution Channel Insights:

• Institutional
• Retail
  • Direct Sales
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others
     

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes institutional and retail (direct sales, supermarkets and hypermarkets, online stores, and others).

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam COD Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam COD market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam COD market?
• What is the breakup of the Vietnam COD market on the basis of species?
• What is the breakup of the Vietnam COD market on the basis of source?
• What is the breakup of the Vietnam COD market on the basis of product type?
• What is the breakup of the Vietnam COD market on the basis of distribution channel?
• What are the various stages in the value chain of the Vietnam COD market? 
• What are the key driving factors and challenges in the Vietnam COD?
• What is the structure of the Vietnam COD market and who are the key players?
• What is the degree of competition in the Vietnam COD market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam COD market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam COD market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam COD industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.