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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Vietnam is one of the most suitable places for the seafood industry, including both aquaculture and open ocean fishing with its coastline of 3,260 kilometres and an Economic Exclusion Zone of 1 million square kilometres. Currently, Vietnam is ranked as the fourth-largest producer of seafood from aquaculture behind China, Indonesia and India. Aquaculture systems are diversified according to different geographical and climatic conditions as one moves from the north, through central to the south of Vietnam.

Over the past few years, there has been an increasing consumption of fish in Vietnam. Some of the key factors driving the consumption of fish in Vietnam is their heir high nutritional value, their easiness to digest and the fact that they are more economical compared to other protein sources such as beef or pork. Moreover, consumers in Vietnam prefer fish in their diet as it’s easy to cook, widely available, and adds variety to the daily diet. Some of the important seafood products include shrimp, pangasius, tuna and marine fish. Shrimp, currently represents the most important export product, and accounted for around 50% of the total export turnover of the country.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam aquaculture market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, environment and distribution channel.

Breakup by Product Type:

Freshwater Fish
Crustaceans
Mollusks
Others

On the basis of product type, the market has been segmented as freshwater fish, crustaceans, mollusks and others. Currently, freshwater fish dominates the market, holding the largest share.

Breakup by Environment:

Fresh Water
Brackish Water
Marine Water

Based on the environment, the market has been divided as fresh water, brackish water and marine water. Fresh water represents the biggest segment, accounting for the largest market share.

Breakup by Distribution Channel:

Traditional Retail
Specialized Retailers
Supermarkets and Hypermarkets
Online Retailers
Others

Based on the distribution channel, the market has been segregated into traditional retail, specialized retailers, supermarkets and hypermarkets, online retailers and others.

Breakup by Region:

Southern Region
Northern Region
Central Region

Based on the region, the market has been segmented into northern, central and southern regions.

Competitive Landscape:
The report has also examined the competitive landscape of the Vietnam aquaculture market. Some of the major 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

This report provides a deep insight into the Vietnam aquaculture 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 aquaculture market in any manner.

Key Questions Answered in This Report
1. What is the market size for the Vietnam aquaculture market?
2. What is the Vietnam aquaculture market growth?
3. What are the Vietnam aquaculture market drivers?
4. What are the key industry trends in the Vietnam aquaculture market?
5. What is the impact of COVID-19 on the Vietnam aquaculture market?
6. What is the Vietnam aquaculture market breakup by product type?
7. What is the Vietnam aquaculture market breakup by environment?
8. What is the Vietnam aquaculture market breakup by distribution channel?
9. What are the major regions in the Vietnam aquaculture market?
10. Who are the key companies/players in the Vietnam aquaculture market?