Vietnam Aquaculture Market Trends, Growth, Business Strategy and Outlook by 2023

1. Vietnam Aquaculture Market Report and Forecast Till 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Vietnam Aquaculture Market Report By Product Type (Freshwater Fish, Crustaceans, Mollusks and Others), By Environment (Fresh Water, Brackish Water and Marine Water), Distribution Channel, Region The Vietnam aquaculture market has witnessed positive growth over the past few years. This can be accredited to the abundance of natural aquatic resources along with rising demand for seafood in the region. Market Overview: According to the latest report by IMARC Group, titled “Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Vietnam aquaculture market reached a value of US$ 6.8 Billion in 2017. Aquaculture, also known as aquafarming, refers to the breeding, raising, and harvesting of fish, shellfish, and aquatic plants and other organisms. Vietnam is the third largest producer of aquaculture products due to its abundant natural aquatic resources, tropical climate, and the diversity of river and canal systems. Aquaculture is a vital source of nutritious, safe and sustainable seafood for the Vietnamese people. The aquaculture sector in the country is currently dominated by catfish and shrimp, with the black tiger shrimp being one of the most popular species among the aquaculturists. In recent years, the Pacific white leg shrimp (Litopenaeusvannamei) has also been introduced in Southern Vietnam which has provided a positive thrust to the aquaculture market.

4. Report Description and Highlights Report Description Market Trends: Aquaculture has gained momentum in Vietnam as fish sauce, fish and other aquatic animals, such as squid and eel, are central to the Vietnamese cuisine. The country has also adopted the production of exportable species at an increasing level to diversify its farming activities. Along with this, the Ministry of Fisheries is conducting research and development activities to improve the sustainability of the aquaculture industry in Vietnam. Moreover, the Vietnamese Government is supporting the aquaculture sector by implementing efficient policies, improving legal frameworks, building fishing ports, integrating and modernizing fishing logistics and developing offshore fishing facilities. As a result of these factors, the market is projected to reach a value of US$ 9.1 Billion by 2023, expanding at a CAGR of 4.9% during 2018-2023. Request for a free sample report: https://www.imarcgroup.com/request?type=report&id=1119&flag=B

5. Market Forecast Sample Figure: Vietnam: Aquaculture Market Forecast: Volumes (in Million Tons), 2018-2023

6. Market Segmentation Report Description • Vietnam Aquaculture Market Segmentation: • Market Segmentation by Product Type • Freshwater Fish, • Crustaceans, • Mollusks, • Others • Based on product types, freshwater fish represents the most popular product type, accounting for the majority of the market share. Freshwater fish is followed by crustaceans, mollusks and others. • Market Segmentation by Environments • Fresh Water  • Brackish Water  • Marine Water  • On the basis of environments, the market has been divided into fresh water, brackish water and marine water. Currently, fresh water dominates the market, holding the largest share.

7. Market Segmentation Report Description • Market Segmentation by Region • Southern Region • Northern Region • Central Region • Region-wise, the Southern region exhibits a clear dominance in the Vietnam aquaculture market. The Southern region is followed by the Northern and Central regions. • Market Segmentation by Distribution Channel • Traditional Retail • Specialised Retailers • Discount Stores • Supermarkets and Hypermarkets • Online Retailers • Others  • Based on distribution channels, the report finds that specialized retailers form the largest distribution channel for aquaculture products in Vietnam. Other major channels include traditional retail, supermarkets and hypermarkets, and online retail.

8. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • 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 • For more information, click here: https://www.imarcgroup.com/vietnam-aquaculture-market • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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12. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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