IMARC Group has recently released a new research study titled "Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Vietnam aquaculture market reached a volume of 4.8 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 6.0 Million Ton by 2027, exhibiting a CAGR of 3.91% during 2022-2027.

Aquaculture, or aquafarming, is a technique that involves the rearing, breeding, and harvesting of aquatic species in a controlled marine habitat. It is used for restoring endrudged marine animals and enhancing their wild stock population by establishing aquariums. This, in turn, balances the ecosystem and ensures the large production and supplies of aquatic animals for different commercial purposes. Currently, Vietnam is one of the leading producers of aquaculture products due to the availability of diversified culture systems, such as ponds, oceans, fences, and cage culture in the country.

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Vietnam Aquaculture Market Trends:

One of the prime factors driving the Vietnam aquaculture market growth is the increasing consumption of seafood, such as shrimp, tuna, pangasius, and marine fish, across the country. This can be attributed to their high nutritional content, ease of digestion, and cost-effectiveness. Moreover, the favorable initiatives being undertaken by the Government of Vietnam (GoV) for investing in sustainable aquafarming methods and semi-intensive shrimp farming projects are propelling the market growth. Apart from this, the introduction of cutting-edge fishery management technologies in the aquaculture sector and the extensive utilization of fish to manufacture pharmaceutical products and dietary supplements, such as fish oil, are creating a positive outlook for the market.

Vietnam Aquaculture Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Vietnam aquaculture market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Ca Mau Seafood Processing & Service Joint Stock Corporation
• Hung Vuong Corporation
• Minh Phu seafood corporation
• Vinh Hoan corporation
• Quoc Viet seafood
• Dong Nam Seafood
• Phuong Dong Seafood
• Ngoc Sinh seafood
• SOC Trang Seafood Joint Stock Company
• Thuan Hung Fisheries Company Ltd

Key Market Segmentation:

The report has segmented the Vietnam aquaculture market on the basis of  product type, environment and distribution channel.

Breakup by Product Type

• Freshwater fish
• Crustaceans
• mollusks
• others

Breakup by Environment

• Fresh water
• Brackish water
• Marine water

Breakup by Distribution Channel

• Traditional retail
• Specialized retailers
• Supermarkets and hypermarkets
• Online retailers
• Others

Breakup by Region

• Northern
• Central
• Southern regions.

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We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Key highlights of the report:                                                           

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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