Vietnam Seafood Market to Grow with a CAGR of 3.25% through 2030

Vietnam Seafood Market is expanding rapidly, driven by strong export demand, supportive government policies, and technological advancements in aquaculture.

According to TechSci Research report, “Vietnam Seafood Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Vietnam Seafood Market stood at USD 588.35 Million in 2024 and is anticipated to grow USD 712.74 Million by 2030 with a CAGR of 3.25% during forecast period. Vietnam’s seafood market plays a pivotal role in the nation’s economy, acting as a major source of employment, export revenue, and food security. With its long coastline, extensive river systems, and favorable climate, Vietnam is naturally endowed for both wild catch and aquaculture-based seafood production. Over the years, the sector has evolved from small-scale traditional fishing into a globally competitive industry, particularly in the farming and export of shrimp, pangasius, tuna, and other high-value species. The country's seafood is in high demand across international markets including the United States, European Union, Japan, China, and South Korea, which has encouraged investment in modern farming systems and enhanced post-harvest processing capacities. Vietnam’s strategic participation in global trade agreements has further opened doors for its seafood products, helping diversify export destinations and reduce dependency on any single market.

Programs focused on sustainable fisheries, improved aquaculture practices, and international certification have helped domestic producers meet stringent quality and traceability requirements in global markets. Policies promoting eco-friendly practices, disease management, and cold-chain logistics have encouraged stakeholders across the value chain to upgrade operations. The government has also prioritized integration of small and medium enterprises (SMEs) into global value chains, offering technical training, subsidies, and export facilitation. These supportive measures have not only improved the industry's competitiveness but have also contributed to its resilience in the face of global challenges, such as fluctuating demand and supply chain disruptions.

Technological advancement is playing a transformative role in shaping Vietnam’s seafood landscape. From smart aquaculture systems and IoT-enabled water monitoring to automation in seafood processing and blockchain-based traceability tools, the integration of innovation is helping improve efficiency, reduce costs, and enhance sustainability. This trend is especially evident among larger seafood enterprises, though it is gradually extending to medium-sized operations as well. The use of advanced packaging, freezing, and preservation technologies has allowed producers to deliver higher-quality, value-added seafood products to international markets.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on " Vietnam Seafood Market” 

The Vietnam Seafood Market is segmented into product type, type, distribution channel, and company.

Based on the brand, Traditional retail channels, comprising wet markets and local grocery stores remain the dominant segment in Vietnam’s seafood market. These channels account for approximately 75–83% of total sales, compared to a much smaller share held by supermarkets, hypermarkets, and e-commerce platforms. Wet markets and neighborhood tạp‐hoá stores continue to be the go-to choice for consumers due to their convenience, affordability, and the personal relationships built with vendors. While modern retail formats are expanding rapidly in urban areas, traditional outlets still play a crucial role across both rural and urban regions, thanks to their deep integration in Vietnamese daily life.

Based on the region, Southern Vietnam has emerged as the fastest-growing region in the country’s seafood market, driven by its favorable geography, improved infrastructure, and strategic export positioning. Anchored by the Mekong Delta—comprising key provinces like Can Tho, Soc Trang, and Bac Lieu—the region benefits from abundant freshwater sources, fertile soil, and a tropical climate ideal for diverse aquaculture, particularly shrimp farming. Over the past decade, farmers and cooperatives have invested heavily in modern technologies such as biofloc systems and recirculating aquaculture systems (RAS), significantly improving yields and reducing losses. Investments in cold chain logistics, processing facilities, and upgraded export gateways like Ho Chi Minh City and Cai Mep–Thi Vai ports have catalyzed rapid growth. Combined, these factors position Southern Vietnam as the nation’s seafood powerhouse and fastest-growing region.

Major companies operating in Vietnam Seafood Market are:

• Camau Seafood Processing & Service Joint Stock Corporation
• Hung Vuong Joint Stock Company
• Minh Phu Seafood Joint Stock Company
• Vinh Hoan Corporation
• Quoc Viet company
• Pinetree Vietnam Co., Ltd
• Sao Ta Foods Joint Stock Company
• An Giang Fisheries Import & Export Joint Stock Company
• SOC Trang Seafood Joint Stock Company
• Thuan Hung Fisheries Company Ltd.

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“Vietnam’s seafood market is driven by strong export demand, government support, technological advancements in aquaculture, and growing domestic consumption. Trade agreements have enhanced market access and competitiveness globally. Simultaneously, trends such as sustainability certification, value-added product development, and digital traceability are reshaping the industry. Smart aquaculture and cold-chain investments are improving efficiency and quality.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vietnam Seafood Market By Product Type (Fishes, Shrimps, Oysters, Snails, Others), By Type (Fresh, Frozen), By Distribution Channel (Supermarket/Hypermarket, Traditional Retails, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam Seafood Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Vietnam Seafood Market.

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