PUBLISHER: IMARC | PRODUCT CODE: 1287365
PUBLISHER: IMARC | PRODUCT CODE: 1287365
Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The Vietnam aquaculture market size reached 4.9 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 6.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.8% during 2023-2028.
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 report, along with forecasts at the country and regional level from 2023-2028. 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:
- What was the size of the Vietnam aquaculture market in 2022?
- What is the expected growth rate of the Vietnam aquaculture market during 2023-2028?
- What are the key factors driving the Vietnam aquaculture market?
- What has been the impact of COVID-19 on the Vietnam aquaculture market?
- What is the breakup of the Vietnam aquaculture market based on the product type?
- What is the breakup of the Vietnam aquaculture market based on the environment?
- What is the breakup of the Vietnam aquaculture market based on distribution channel?
- What are the key regions in the Vietnam aquaculture market?
- Who are the key players/companies in the Vietnam aquaculture market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Vietnam Aquaculture Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Environment
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Raw Material Procurement
- 5.10.3 Primary Processing
- 5.10.4 Large Scale Industrial Processing
- 5.10.5 Packaging and Export
- 5.10.6 Distribution
- 5.10.7 End-Use
- 5.11 Porters Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Price Analysis
- 5.12.1 Key Price Indicators
- 5.12.2 Price Structure
- 5.12.3 Margin Analysis
- 5.13 Key Success and Risk Factors
6 Market Breakup by Product Type
- 6.1 Freshwater Fish
- 6.1.1 Market Performance
- 6.1.2 Market Forecast
- 6.2 Crustaceans
- 6.2.1 Market Performance
- 6.2.2 Market Forecast
- 6.3 Mollusks
- 6.3.1 Market Performance
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Performance
- 6.4.2 Market Forecast
7 Market Breakup by Environment
- 7.1 Fresh Water
- 7.1.1 Market Performance
- 7.1.2 Market Forecast
- 7.2 Brackish Water
- 7.2.1 Market Performance
- 7.2.2 Market Forecast
- 7.3 Marine Water
- 7.3.1 Market Performance
- 7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Traditional Retail
- 8.1.1 Market Performance
- 8.1.2 Market Forecast
- 8.2 Specialized Retailers
- 8.2.1 Market Performance
- 8.2.2 Market Forecast
- 8.3 Supermarkets and Hypermarkets
- 8.3.1 Market Performance
- 8.3.2 Market Forecast
- 8.4 Online Retailers
- 8.4.1 Market Performance
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Performance
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 Southern Region
- 9.1.1 Market Performance
- 9.1.2 Market Forecast
- 9.2 Northern Region
- 9.2.1 Market Performance
- 9.2.2 Market Forecast
- 9.3 Central Region
- 9.3.1 Market Performance
- 9.3.2 Market Forecast
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
11 Key Player Profiles
- 11.1 Ca Mau Seafood Processing & Service Joint Stock Corporation
- 11.2 Hung Vuong Corporation
- 11.3 Minh Phu seafood corporation
- 11.4 Vinh Hoan corporation
- 11.5 Quoc Viet seafood
- 11.6 Dong Nam Seafood
- 11.7 Phuong Dong Seafood
- 11.8 Ngoc Sinh seafood
- 11.9 SOC Trang Seafood Joint Stock Company
- 11.10 Thuan Hung Fisheries Company Ltd
List of Figures
- Figure 1: Vietnam: Aquaculture Market: Major Drivers and Challenges
- Figure 2: Vietnam: Aquaculture Market: Production Volume (in Million Tons), 2017-2022
- Figure 3: Vietnam: Aquaculture Market: Production Value (in Billion US$), 2017-2022
- Figure 4: Vietnam: Aquaculture Market: Breakup by Product Type (in %), 2022
- Figure 5: Vietnam: Aquaculture Market: Breakup by Environment (in %), 2022
- Figure 6: Vietnam: Aquaculture Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Vietnam: Aquaculture Market: Breakup by Region (in %), 2022
- Figure 8: Vietnam: Aquaculture Market Forecast: Production Volume (in Million Tons), 2023-2028
- Figure 9: Vietnam: Aquaculture Market Forecast: Production Value (in Billion US$), 2023-2028
- Figure 10: Vietnam: Aquaculture Industry: SWOT Analysis
- Figure 11: Vietnam: Aquaculture Industry: Value Chain Analysis
- Figure 12: Vietnam: Aquaculture Industry: Porter's Five Forces Analysis
- Figure 13: Vietnam: Aquaculture Market (Freshwater Fish): Production Volume (in '000 Tons), 2017 & 2022
- Figure 14: Vietnam: Aquaculture Market Forecast (Freshwater Fish): Production Volume (in '000 Tons), 2023-2028
- Figure 15: Vietnam: Aquaculture Market (Crustaceans): Production Volume (in '000 Tons), 2017 & 2022
- Figure 16: Vietnam: Aquaculture Market Forecast (Crustaceans): Production Volume (in '000 Tons), 2023-2028
- Figure 17: Vietnam: Aquaculture Market (Mollusks): Production Volume (in '000 Tons), 2017 & 2022
- Figure 18: Vietnam: Aquaculture Market Forecast (Mollusks): Production Volume (in '000 Tons), 2023-2028
- Figure 19: Vietnam: Aquaculture Market (Other Product Types): Production Volume (in '000 Tons), 2017 & 2022
- Figure 20: Vietnam: Aquaculture Market Forecast (Other Product Types): Production Volume (in '000 Tons), 2023-2028
- Figure 21: Vietnam: Aquaculture Market (Fresh Water): Production Volume (in '000 Tons), 2017 & 2022
- Figure 22: Vietnam: Aquaculture Market Forecast (Fresh Water): Production Volume (in '000 Tons), 2023-2028
- Figure 23: Vietnam: Aquaculture Market (Brackish Water): Production Volume (in '000 Tons), 2017 & 2022
- Figure 24: Vietnam: Aquaculture Market Forecast (Brackish Water): Production Volume (in '000 Tons), 2023-2028
- Figure 25: Vietnam: Aquaculture Market (Marine Water): Production Volume (in '000 Tons), 2017 & 2022
- Figure 26: Vietnam: Aquaculture Market Forecast (Marine Water): Production Volume (in '000 Tons), 2023-2028
- Figure 27: Vietnam: Aquaculture Market (Traditional Retail): Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 28: Vietnam: Aquaculture Market Forecast (Traditional Retail): Consumption Volume (in '000 Tons), 2023-2028
- Figure 29: Vietnam: Aquaculture Market (Specialized Retailers): Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 30: Vietnam: Aquaculture Market Forecast (Specialized Retailers): Consumption Volume (in '000 Tons), 2023-2028
- Figure 31: Vietnam: Aquaculture Market (Supermarkets and Hypermarkets): Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 32: Vietnam: Aquaculture Market Forecast (Supermarkets and Hypermarkets): Consumption Volume (in '000 Tons), 2023-2028
- Figure 33: Vietnam: Aquaculture Market (Online Retailers): Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 34: Vietnam: Aquaculture Market Forecast (Online Retailers): Consumption Volume (in '000 Tons), 2023-2028
- Figure 35: Vietnam: Aquaculture Market (Other Distribution Channels): Consumption Volume (in '000 Tons), 2017 & 2022
- Figure 36: Vietnam: Aquaculture Market Forecast (Other Distribution Channels): Consumption Volume (in '000 Tons), 2023-2028
- Figure 37: Southern Region: Aquaculture Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 38: Southern Region: Aquaculture Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 39: Northern Region: Aquaculture Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 40: Northern Region: Aquaculture Market Forecast: Production Volume (in '000 Tons), 2023-2028
- Figure 41: Central Region: Aquaculture Market: Production Volume (in '000 Tons), 2017 & 2022
- Figure 42: Central Region: Aquaculture Market Forecast: Production Volume (in '000 Tons), 2023-2028
List of Tables
- Table 1: Vietnam: Aquaculture Market: Key Industry Highlights, 2022 and 2028
- Table 2: Vietnam: Aquaculture Market Forecast: Breakup by Product Type (in '000 Tons), 2023-2028
- Table 3: Vietnam: Aquaculture Market Forecast: Breakup by Environment (in '000 Tons), 2023-2028
- Table 4: Vietnam: Aquaculture Market Forecast: Breakup by Distribution Channel (in '000 Tons), 2023-2028
- Table 5: Vietnam: Aquaculture Market Forecast: Breakup by Region (in '000 Tons), 2023-2028
- Table 6: Vietnam: Aquaculture Market: Competitive Structure
- Table 7: Vietnam: Aquaculture Market: Key Players
