Vietnam Aquaculture Market Outlook
According to the report by Expert Market Research (EMR), the Vietnam aquaculture market is projected to grow at a CAGR of 4.6% between 2024 and 2032. Aided by the presence of several oil and gas production facilities and growing demand for poultry feed, the market is expected to grow significantly by 2032.
Aquaculture in Vietnam constitutes a variety of activities ranging from the cultivation of freshwater species like catfish and tilapia to saltwater favourites such as shrimp and molluscs. Owing to its extended coastline and optimal conditions for aquatic farming, Vietnam has emerged as a global powerhouse in the aquaculture sector, catering both to domestic consumption and the international market.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/vietnam-aquaculture-market/requestsample
The noteworthy rise in the consumption of seafood, both locally and globally, are the salient Vietnam aquaculture market trends. As the world becomes increasingly aware of the health benefits tied to seafood consumption, encompassing a rich source of proteins, essential fatty acids, and various vital nutrients, the demand for seafood has escalated. Vietnam, with its robust aquaculture practices, stands poised to capitalise on this trend.
Another significant trend influencing the Vietnam aquaculture market outlook is the progressive technological advancements in aquaculture practices. The infusion of modern techniques, fortified feeds, and advanced breeding practices has propelled the sector’s productivity and quality. This modernisation, juxtaposed with sustainable practices, ensures that the environmental impact remains minimal.
The Vietnam aquaculture market demand is heavily buoyed by the burgeoning export market. As one of the world’s leading exporters of shrimp, particularly to countries like the US, Japan, and the EU, the rigorous demand from these nations significantly bolsters the market. The rigorous standards and requirements of these international markets have further influenced Vietnamese producers to enhance quality, ensuring that the products are both delicious and safe.
Aquaculture products from Vietnam are not only limited to direct consumption. They have, over time, found a plethora of applications. For instance, the processing industry transforms these raw products into a variety of offerings such as frozen seafood, canned seafood, and other value-added products. This versatility further contributes to the increasing Vietnam aquaculture market size.
Beyond the direct consumption and processing industries, aquaculture in Vietnam plays a pivotal role in other sectors too. Aquatic species by-products are increasingly utilised in the production of fish meal and fish oil, which find substantial demand in the global animal feed market.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/vietnam-aquaculture-market
Vietnam Aquaculture Market Segmentation
The market can be divided based on product type, environment, distribution channel, and region.
Market Breakup by Product Type
- Freshwater Fish
- Crustaceans
- Molluscs
- Others
Market Breakup by Environment
- Fresh Water
- Brackish Water
- Marine Water
Market Breakup by Distribution Channel
- Traditional Retail
- Specialised Retailers
- Supermarkets and Hypermarkets
- Online Retailers
- Others
Market Breakup by Region
- Southern
- Northern
- Central
Vietnam Aquaculture Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Vietnam aquaculture market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hung Vuong Corporation
- Vinh Hoan Corporation
- Quoc Viet Co. Ltd
- Minh Phu
- Others
Explore Trending Articles:
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
