Vietnam Shrimp Feed Market Report by Type (Grower, Finisher, Starter), Ingredients (Soybean Meal, Fish Meal, Wheat Flour, Fish Oil, and Others), Additives (Vitamin and Protein, Fatty Acid, Antioxidant, Feed Enzyme, Antibiotics, and Others) 2024-2032

Vietnam Shrimp Feed Market Report by Type (Grower, Finisher, Starter), Ingredients (Soybean Meal, Fish Meal, Wheat Flour, Fish Oil, and Others), Additives (Vitamin and Protein, Fatty Acid, Antioxidant, Feed Enzyme, Antibiotics, and Others) 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1254
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Market Overview:

The Vietnam shrimp feed market size reached 1.5 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 3.0 Million Tons by 2032, exhibiting a growth rate (CAGR) of 7.79% during 2024-2032. 

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
1.5 Million Tons
Market Forecast in 2032
3.0 Million Tons
Market Growth Rate 2024-2032 7.79%


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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam shrimp feed market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on type, ingredients and additives.

Breakup by Type:

  • Grower
  • Finisher
  • Starter
     

Breakup by Ingredients:

  • Soybean Meal
  • Fish Meal
  • Wheat Flour
  • Fish Oil
  • Others
     

Breakup by Additives:

  • Vitamin and Protein
  • Fatty Acid
  • Antioxidant
  • Feed Enzyme
  • Antibiotics
  • Others
     

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape

  • Competitive Structure
  • Key Player Profiles
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million, Million Tons
Segment Coverage Type, Ingredients, Additives
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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

The Vietnam shrimp feed market reached a volume of 1.5 Million Tons in 2023.

We expect the Vietnam shrimp feed market to exhibit a CAGR of 7.79% during 2024-2032.

The introduction of high-quality shrimp feed with improved water stability, nutrition density, hygienic raw materials, palatability, etc., is primarily driving the Vietnam shrimp feed market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous aquaculture practices, thereby negatively impacting the Vietnam shrimp feed market.

Based on the type, the Vietnam shrimp feed market can be categorized grower, finisher, and starter. Currently, grower accounts for the majority of the total market share.

Based on the ingredients, the Vietnam shrimp feed market has been segregated into soybean meal, fish meal, wheat flour, fish oil, and others. Among these, soyabean meal currently exhibits a clear dominance in the market.

Based on the additives, the Vietnam shrimp feed market can be bifurcated into vitamin and protein, fatty acid, antioxidant, feed enzyme, antibiotics, and others. Currently, vitamin and protein holds the largest market share.

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Vietnam Shrimp Feed Market Report by Type (Grower, Finisher, Starter), Ingredients (Soybean Meal, Fish Meal, Wheat Flour, Fish Oil, and Others), Additives (Vitamin and Protein, Fatty Acid, Antioxidant, Feed Enzyme, Antibiotics, and Others) 2024-2032
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