The Growing Demand for Aquatic Companion Animals and Increasing Consumption of Seafood in the Country are Driving the Demand for the Vietnam Aquaculture Market.
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The rapidly growing e-commerce sector and use of social media platforms are boosting the growth of the FMCG industry. The availability of high-speed internet connection and the proliferation of smart devices are enabling the market players reach a wider set of consumers. Therefore, the emergence of online sales channels and enhanced security on online payments are expected to influence market demand positively.
The Vietnam aquaculture market is segmented on the basis of rearing product type, culture, species, culture system, production type, distribution channel, competitive landscape, and regional distribution. Based on species, the market is bifurcated into Aquatic Animals v/s Aquatic Plants. Aquatic animals are expected to hold the largest market share in the forecast period, 2023-2027. Fish, shrimp, and other aquatic animals are in high demand as household pets and for consumption. Consumers are also drawn to aquatic plants like seaweed and microalgae to enhance aquarium décor at home, which might lead to significant growth in the Vietnam aquaculture industry over the next five years.
The major market players operating in the Vietnam aquaculture market are 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.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Vietnam aquaculture from 2017 to 2021.
- To estimate and forecast the market size of Vietnam aquaculture market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Vietnam aquaculture market based on rearing product type, culture, species, culture system, production type, distribution channel, region, and company.
- To identify the dominant region or segment in the Vietnam aquaculture market.
- To identify drivers and challenges for the Vietnam aquaculture market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Vietnam aquaculture market.
- To identify and analyze the profiles of leading players operating in the Vietnam aquaculture market.
- To identify key sustainable strategies adopted by market players in Vietnam aquaculture market.
The publisher calculated the market size of the Vietnam aquaculture market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
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:
- Northern Region
- Central Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam aquaculture market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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