The Vietnam Pangasius market size reached 1.20 Million Tons in 2023. Looking forward, the market is projected to reach 1.30 Million Tons by 2032.
Pangasius is a genus of medium-large to very large shark cat fishes native to fresh water in South and Southeast Asia. They have a low to medium fat content with high levels of protein. The Mekong river delta in Vietnam is the prime hub for aquaculture of Pangasius due to its abundance of fresh water. By far, Vietnam is the largest producer and exporter of Pangasius in the world.
It has a long coastline and abundant supply of fresh water through the Mekong river. The Mekong delta has several inter connecting rivers and canals, primarily contributed to the rise of Pangasius aquaculture. Furthermore, technological advancements have reduced the labour cost and processing time, resulting in the decline in the Pangasius processing cost. Apart from this, the Vietnamese government has introduced sustainable farming practices to grow high-quality fish and also to minimize the environmental impact due to Pangasius aquaculture. The government has also implied various standards such as ASC, GLOBALG.A.P., VietGAP, BAP etc. to gain consumer confidence in the export market.
Introduction of sustainable farming practices and certifications to hatcheries, farms and processing companies have also strongly contributed to the growth of the Pangasius industry in Vietnam. In addition to this, expansion of production capacities, sustainable trade initiatives and increased demand from China, United States and Europe are some of the other factors that are driving the growth of the market.
2. What are the key factors driving the Vietnam Pangasius (Basa) market?
3. What has been the impact of COVID-19 on the Vietnam Pangasius (Basa) market?
4. What is the breakup of the Vietnam Pangasius (Basa) market based on the culture type?
5. What is the breakup of the Vietnam Pangasius (Basa) market based on the feed type?
6. What is the breakup of the Vietnam Pangasius (Basa) market based on the rearing method?
7. What is the breakup of the Vietnam Pangasius (Basa) market based on the product type?
8. What are the key regions in the Vietnam Pangasius (Basa) market?
9. Who are the key players/companies in the Vietnam Pangasius (Basa) market?
Pangasius is a genus of medium-large to very large shark cat fishes native to fresh water in South and Southeast Asia. They have a low to medium fat content with high levels of protein. The Mekong river delta in Vietnam is the prime hub for aquaculture of Pangasius due to its abundance of fresh water. By far, Vietnam is the largest producer and exporter of Pangasius in the world.
It has a long coastline and abundant supply of fresh water through the Mekong river. The Mekong delta has several inter connecting rivers and canals, primarily contributed to the rise of Pangasius aquaculture. Furthermore, technological advancements have reduced the labour cost and processing time, resulting in the decline in the Pangasius processing cost. Apart from this, the Vietnamese government has introduced sustainable farming practices to grow high-quality fish and also to minimize the environmental impact due to Pangasius aquaculture. The government has also implied various standards such as ASC, GLOBALG.A.P., VietGAP, BAP etc. to gain consumer confidence in the export market.
Introduction of sustainable farming practices and certifications to hatcheries, farms and processing companies have also strongly contributed to the growth of the Pangasius industry in Vietnam. In addition to this, expansion of production capacities, sustainable trade initiatives and increased demand from China, United States and Europe are some of the other factors that are driving the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Vietnam pangasius market report, along with forecasts at the country and province level from 2023-2032. The report has categorized the market based on culture type, feed type, rearing method and product type.Breakup by Culture Type:
- Fresh Water
- Brackish Water
Breakup by Feed Type:
- Commercial Pellets
- Home-Made Pellets
Breakup by Rearing Method:
- Ponds
- Floating Cage
Breakup by Product Type:
- Processed
- Raw
- Value-Added
Breakup by Province:
- Dong Thap
- An Giang
- Can Tho
- Ben Tre
- Vinh Long
- Hau Giang
- Tien Giang
- Soc Trang
- Tra Vinh
- Kien Giang
- Others
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Anvifish Joint-Stock Company, Aquatex Ben Tre, Bien Dong Seafood Company Limited, Can Tho Import Export Seafood JSC, Cuu Long Seafood Import and Export JSC, Dai Thanh Seafood, Fatifish Company Limited, Go Dang Joint Stock Company (GODACO), Hung Ca Company Limited, IDI Corporation, NAVICORP, NTSF Seafood Joint Stock Company and Vinh Hoan Corporation.Key Questions Answered in This Report
1. What was the size of the Vietnam Pangasius (Basa) market in 2023?2. What are the key factors driving the Vietnam Pangasius (Basa) market?
3. What has been the impact of COVID-19 on the Vietnam Pangasius (Basa) market?
4. What is the breakup of the Vietnam Pangasius (Basa) market based on the culture type?
5. What is the breakup of the Vietnam Pangasius (Basa) market based on the feed type?
6. What is the breakup of the Vietnam Pangasius (Basa) market based on the rearing method?
7. What is the breakup of the Vietnam Pangasius (Basa) market based on the product type?
8. What are the key regions in the Vietnam Pangasius (Basa) market?
9. Who are the key players/companies in the Vietnam Pangasius (Basa) market?
Table of Contents
1 Preface3 Executive Summary14 Market Drivers and Challenges15 Pangasius Farming Practices in Vietnam
2 Scope and Methodology
4 Introduction
5 Vietnam Pangasius Farming
6 Market Breakup by Feed Type
7 Market Breakup by Rearing Method
8 Market Breakup by Product Type
9 Market Breakup by Province
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
16 Trade Data
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Anvifish Joint-Stock Company
- Aquatex Ben Tre
- Bien Dong Seafood Company Limited
- Can Tho Import Export Seafood JSC
- Cuu Long Seafood Import and Export JSC
- Dai Thanh Seafood
- Fatifish Company Limited
- Go Dang Joint Stock Company (GODACO)
- Hung Ca Company Limited
- IDI Corporation
- NAVICORP
- NTSF Seafood Joint Stock Company
- Vinh Hoan Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 1.2 Million Tons |
| Forecasted Market Value by 2032 | 1.3 Million Tons |
| Compound Annual Growth Rate | 0.8% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 13 |
