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), By Culture (Freshwate

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), By Culture (Freshwater, Marine, Brackish Water), By Species (Aquatic Animals {Shrimps, Tilapia, Crustaceans, Mollusks, Others} v/s Aquatic Plants {Seaweeds, Microalgae, Others}), By Culture System (Extensive, Semi-Extensive, Intensive), By Production Type (Small Scale v/s Medium & Large Scale), By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others), By Region, Competition Forecast & Opportunities, 2027

Vietnam aquaculture market is projected to witness impressive growth during the forecast period, 2023-2027. The growing demand for aquatic companion animals and increasing consumption of seafood in the country are driving the demand for the Vietnam aquaculture market. Seaweed, fish, mollusks, and other aquatic items can be produced through farming just as easily as they can be obtained by fishing in sea and ocean waters. The demand for seafood products is expanding quickly, and the country is exporting more goods to its neighbors and to nations like Russia and Poland, which is positively impacting the market growth. Aquatic plants and animals are now being produced at significant levels to meet the growing consumer requirements. Rising penetration of commercial food chains and growing tourism industry are also supporting the growth of the Vietnam aquaculture market.

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.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies who could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major players across the country.

TechSci Research 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. TechSci Research 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 by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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.

Company Information

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

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights