Vietnam Aquaculture Market Size, Share, Statistics, Industry Trends, Companies, Segmentation and Market Overview by 2027

IMARC Group has recently released a new research study titled "Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The Vietnam aquaculture market reached a volume of 4.8 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 6.0 Million Ton by 2027, exhibiting a CAGR of 3.91% during 2022-2027. Aquaculture, or aquafarming, is a technique that involves the rearing, breeding, and harvesting of aquatic species in a controlled marine habitat. It is used for restoring endrudged marine animals and enhancing their wild stock population by establishing aquariums. This, in turn, balances the ecosystem and ensures the large production and supplies of aquatic animals for different commercial purposes. Currently, Vietnam is one of the leading producers of aquaculture products due to the availability of diversified culture systems, such as ponds, oceans, fences, and cage culture in the country.

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Vietnam Aquaculture Market Trends:

One of the prime factors driving the Vietnam aquaculture market growth is the increasing consumption of seafood, such as shrimp, tuna, pangasius, and marine fish, across the country. This can be attributed to their high nutritional content, ease of digestion, and cost-effectiveness. Moreover, the favorable initiatives being undertaken by the Government of Vietnam (GoV) for investing in sustainable aquafarming methods and semi-intensive shrimp farming projects are propelling the market growth. Apart from this, the introduction of cutting-edge fishery management technologies in the aquaculture sector and the extensive utilization of fish to manufacture pharmaceutical products and dietary supplements, such as fish oil, are creating a positive outlook for the market.

Vietnam Aquaculture Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Vietnam aquaculture 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:

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
SOC Trang Seafood Joint Stock Company
Thuan Hung Fisheries Company Ltd

Key Market Segmentation:

The report has segmented the Vietnam aquaculture market on the basis of  product type, environment and distribution channel.

Breakup by Product Type

Freshwater fish
Crustaceans
mollusks
others

Breakup by Environment

Fresh water
Brackish water
Marine water

Breakup by Distribution Channel

Traditional retail
Specialized retailers
Supermarkets and hypermarkets
Online retailers
Others

Breakup by Region

Northern
Central
Southern regions.

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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States

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.

This release was published on openPR.