Vietnam aquaculture market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on the account of surge in the demand for aquatic companion animals. Increasing instances of pet marine animals is further driving the growth of the Vietnam aquaculture market in the upcoming five years.

Surging demand for Seafood Exports Drive Market Growth

Rapidly growing demand for the seafood products outside the country and increasing exports from the country to its neighboring countries and even in the countries like Russia, Poland is further driving the growth of the Vietnam aquaculture market in the upcoming five years. Growing aquaculture practices have led to higher production of aquatic plants and aquatic animals in the recent years.

Production of aquatic products such as seaweeds, fishes, mollusks, etc. through farming has been equally responsible as through catching the aquatic products from the sea and ocean waters. In the year 2021 in Vietnam, 3036.1 thousand metric ton of fishes were caught along with 3259.1 thousand metric tons were harvested through farming. While total aquatic production through natural practices were 3920.8 thousand metric tons, and 4805.8 thousand metric tons through aquatic farming practices.

Growing E-Commerce Sector Supports Market Growth

Rapidly expanding e-commerce sector plays a vital role in recent times of pandemic to promote sales of various FMCG & consumer products. Seafood products through online channels are often seen as convenient source of shopping. With temporary closing of traditional stores, and general stores, online sales channels expanded rapidly and accounted for fastest growing sales segment for the Vietnam aquaculture market.

Be it for the demand of seafood, or for the pet fishes for the home aquariums, the market expanded and provided with home deliveries of the product thus substantiating the growth of the Vietnam aquaculture market in the next five years.


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Market Segmentation

The Vietnam aquaculture market is segmented by rearing product type, culture, species, culture system, production type, distribution channel, competitional landscape, and regional distribution. Based on rearing product type, the market is further bifurcated into equipment such as containment equipment, water pumps and filters, water circulating and aerating equipment, cleaning equipment, feeders, and others, along with, chemicals, fertilizers, pharmaceuticals.  On the basis of culture, the market is further segmented into freshwater, marine, and brackish water. Species based market segment in differentiated between aquatic animals that include shrimps, tilapia, crustaceans, mollusks, etc. and aquatic plants that include seaweeds, microalgae, and others. Also, on the basis of culture system, the market is further distributed into extensive, semi-extensive, and intensive. Based on production type, the market is distinguished among small scale, medium scale, and large scale. Market segments on the basis of distribution channel is further fragmented into traditional retail, supermarkets and hypermarkets, specialized retailers, online stores, others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, Southern region.

Company Profile

Ca Mau Seafood Processing & Service Joint Stock Corporation, Minh Phu Seafood Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, Dong Nam Seafood Corporation, Phuong Dong Seafood Co., Ltd., SOC Trang Seafood Joint Stock Company, Thuan Hung Fisheries Company Ltd, among others is a partial list of major market players of the companies responsible for the growth of Vietnam aquaculture market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Rearing Product Type

·         Culture

·         Species

·         Culture System

·         Production Type

·         Distribution Channel

Regional scope

Northern region, Central region, Southern region

Key companies profiled

Ca Mau Seafood Processing & Service Joint Stock Corporation, Minh Phu Seafood Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, Dong Nam Seafood Corporation, Phuong Dong Seafood Co., Ltd., SOC Trang Seafood Joint Stock Company, Thuan Hung Fisheries Company Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam aquaculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Aquaculture Market, By Rearing Product Type:
    • Equipment
      • Containment Equipment
      • Water Pumps and Filters
      • Water Circulating and Aerating Equipment
      • Cleaning Equipment
      • Feeders
      • Others
    • Chemicals
    • Fertilizers
    • Pharmaceuticals
  • Vietnam Aquaculture Market, By Culture:
    • Freshwater
    • Marine
    • Brackish Water
  • Vietnam Aquaculture Market, By Species:
    • Aquatic Animals
      • Shrimps
      • Tilapia
      • Crustaceans
      • Mollusks
      • Others
    • Aquatic Plants
      • Seaweeds
      • Microalgae
      • Others
  • Vietnam Aquaculture Market, By Culture System:
    • Extensive
    • Semi-Extensive
    • Intensive
  • Vietnam Aquaculture Market, By Production Type:
    • Small Scale
    • Medium & Large Scale
  • Vietnam Aquaculture Market, By Distribution Channel:
    • Traditional Retail
    • Supermarkets and Hypermarkets
    • Specialized Retailers
    • Online Stores
    • Others
  • Vietnam Aquaculture Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam aquaculture market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Aquaculture Market

4.    Executive Summary

5.    Voice of Customers

6.    Vietnam Aquaculture Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume (Metric Tons)

6.2.  Market Share & Forecast

6.2.1.     By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals)

6.2.1.1.         By Equipment (Containment Equipment, Water Pumps and Filters, Water Circulating and Aerating Equipment, Cleaning Equipment, Feeders, Others)

6.2.2.     By Culture (Freshwater, Marine, Brackish Water)

6.2.3.     By Species (Aquatic Animals v/s Aquatic Plants)

6.2.3.1.         By Aquatic Animals (Shrimps, Tilapia, Crustaceans, Molluscs, Others)

6.2.3.2.         By Aquatic Plants (Seaweeds, Microalgae, Others)

6.2.4.     By Culture System (Extensive, Semi-Extensive, Intensive)

6.2.5.     By Production Type (Small Scale v/s Medium & Large Scale)

6.2.6.     By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others)

6.2.7.     By Region

6.2.8.     By Company (2021)

6.3.  Product Market Map

7.    Vietnam Freshwater Aquaculture Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Rearing Product Type

7.2.2.     By Species

7.2.3.     By Culture System

7.2.4.     By Production Type

7.2.5.     By Distribution Channel

8.    Vietnam Marine Water Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Rearing Product Type

8.2.2.     By Species

8.2.3.     By Culture System

8.2.4.     By Production Type

8.2.5.     By Distribution Channel

9.    Vietnam Brackish Water Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Rearing Product Type

9.2.2.     By Species

9.2.3.     By Culture System

9.2.4.     By Production Type

9.2.5.     By Distribution Channel

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Vietnam Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (Inclusive of SWOT Analysis of Top 5 Players Profiled)

14.2.1.  Ca Mau Seafood Processing & Service Joint Stock Corporation

14.2.2.  Minh Phu Seafood Corporation

14.2.3.  Vinh Hoan Corporation

14.2.4.  Quoc Viet Co. Ltd

14.2.5.  Dong Nam Seafood Corporation

14.2.6.  Phuong Dong Seafood Co., Ltd.

14.2.7.  SOC Trang Seafood Joint Stock Company

14.2.8.  Thuan Hung Fisheries Company Ltd

15. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]