Vietnam shrimp feed market reached a volume of 560,458 Tons in 2019. Shrimp feed refers to the adequate food formulation required for producing healthy shrimps. It is formulated to meet the nutritional requirements of farmed shrimps and includes vitamins, minerals, amino acids, fatty acids, etc. Apart from the fulfillment of the nutritional requirements, shrimp feed also plays an important role in improving the immunity of shrimps against diseases. There are various types of shrimp feed available in the market which include starter grade, grower grade and finisher grade. A key factor driving the demand of shrimp feed in Vietnam is the rising demand of shrimps in the country. Vietnam represents one of the world’s largest producers and exporters of shrimps across the globe. Shrimp, currently represents the most important export product in the country and accounted for around 50% of the total seafood exports. Other factors driving the demand of shrimp feed in Vietnam include growth of the shrimp aquaculture industry, rising demand for value added feeds, advancement in feed manufacturing technologies, etc.
IMARC Group’s latest report provides a deep insight into the Vietnam shrimp feed 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 shrimp feed market in any manner.
Report Customization: Although IMARC has tried to cover everything in the shrimp feed market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.
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