Vietnam Aquafeed Market Size, Share, Latest Trends, Insights and Forecast 2022-2027

According to IMARC Group's latest report, titled "Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" the Vietnam aquafeed market size reached a value of US$ 280.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 513.5 Million by 2027, exhibiting at a CAGR of 10.62% during 2022-2027.

Aquafeed is compounded meal that provides nutrition and a balanced diet to aquatic animals. It is primarily prepared by combining various additives and raw materials, such as soybean, fish oil, corn, and fish feed. It is commonly consumed by marine shrimps, catfishes, trout, salmons, tilapias, carp, and freshwater crustaceans. Aquafeed is rich in nutrients, fibers, amino acids, minerals, vitamins, probiotics, and enzymes and is available in two forms, namely extruded bits and pressure-pelleted feed. The feed offers growth-promoting and immune-resistant benefits and high nutritional value to aquatic animals. It also helps mitigate the effects of stress, enhances immunity, and decreases susceptibility to diseases among sea animals.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Get a Free Sample Copy of this Report: https://www.imarcgroup.com/vietnam-aquafeed-market/requestsample

Vietnam Aquafeed Market Trends:

In Vietnam, the increasing consumption of seafood and the changing dietary preferences of consumers are some of the key factors bolstering the market growth. The country has the largest aquaculture market, which has further burgeoned the demand for high-quality aquafeed. Moreover, rapid advancements in feed manufacturing technology and increasing consumer expenditure power are other growth-inducing factors. Additionally, key market players are introducing organic and chemical-free aquafeed that improve metabolism and provide enhanced nutritional requirements to aquatic animals, which is creating a positive outlook for the market. Apart from this, the implementation of government initiatives to encourage farmers to utilize high-quality feed and the emergence of new market players are boosting the market growth.

Vietnam Aquafeed Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the vietnam aquafeed market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Cargill Inc.
• De Heus LLC
• Proconco
• GreenFeed Vietnam Corp.
• Charoen Pokphand (CP)
• Uni President Vietnam, etc.

Key Market Segmentation:

The report has segmented the vietnam aquafeed market on the basis of ingredient, additives, product forms, end-user, distribution channel and region.

Breakup by Ingredient

• Grains and Cereals
• Soybean
• Fish Meal
• Additives
• Fish Oil
• Others

Breakup by Additives

• Amino Acids
• Antibiotics
• Vitamins
• Feed Acidifiers
• Others

Breakup by Product Forms

• Pellets
• Extruded
• Powdered
• Liquid

Breakup by End User

• Catfish
• Shrimp
• Mollusks
• Tilapia
• Carps
• Salmon
• Others

Breakup by Distribution Channel

• Direct to Farmers
• Local Wholesalers
• Exports
• Others

Breakup by Region

• Southern Vietnam
• Northern Vietnam
• Central Vietnam

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/vietnam-aquafeed-market

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.