According to the new market research report by IMARC Group “Vietnam Aquaculture Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026; the Vietnam aquaculture market exhibited moderate growth during 2015-2020.Aquaculture, or aquafarming, is a technique used for breeding, rearing, and harvesting aquatic animals or plants in various types of controlled environments. It helps in restoring endangered marine species, enhancing the wild stock population, and establishing aquariums. This, in turn, assists in balancing the ecosystem and ensuring the large production and supply of highly nutritious seafood products. Some of the important seafood products include tuna, shrimp, marine fish, and pangasius. At present, aquaculture is categorized into varying types, such as mariculture, fish farming, open-net pens and cage systems.
COVID-19 scenario-
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The increasing demand for organic seafood products on account of rising consumer awareness regarding its various health benefits and nutritional value is one of the prime factors driving the Vietnam aquaculture market. In line with this, the favorable initiatives undertaken by the Government of Vietnam (GoV) for investing in sustainable aquafarming methods and semi-intensive shrimp farming projects for promoting the growth of black tiger shrimps is propelling the market growth. Apart from this, the extensive utilization of fish oils across various industrial verticals, such as healthcare and pharmaceuticals, for manufacturing dietary supplements are creating a positive outlook for the market. Driven by a strong domestic consumption and increasing exports, the Vietnam aquaculture market is expected to reach a volume of around 6 Million Tons by 2026, exhibiting moderate growth during the forecast period (2021-2026).
Competitive Landscape:
- 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
Market Breakup by Product Type
- Freshwater fish
- Crustaceans
- mollusks
- others
Market Breakup by Environment
- Fresh water
- Brackish water
- Marine water
Market Breakup by Distribution Channel
- Traditional retail
- Specialized retailers
- Supermarkets and hypermarkets
- Online retailers
- Others
Market Breakup by Region
- Northern
- Central
- Southern regions.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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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