Vietnam Shrimp Market 2025 Edition: Industry Reaching USD 500.0 Million by 2033, At a CAGR of 3.3%

Vietnam Shrimp Market 2025-2033

According to IMARC Group's report titled "Vietnam Shrimp Market Report by Environment (Farmed Shrimp, Wild Shrimp), Specie (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Shrimp Size (less than 21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, greater than 70), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Sales, and Others), and Region 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

How Big is the Vietnam Shrimp Industry ?

Vietnam shrimp market size was valued at USD 360.0 Million in 2024 and is expected to reach USD 500.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033.

Vietnam Shrimp Market Trends:

The Vietnamese shrimp sector is witnessing dynamic trends driven by the growing demand for seafood worldwide and advances in aquaculture practices. The growing adoption of sustainable and eco-friendly shrimp farming techniques, such as biofloc technology and integrated multi-trophic aquaculture (IMTA), that reduce environmental impact and increase yield is one of the key trends. In addition, value-added shrimp products such as peeled, cooked, and frozen shrimp are fulfilling the convenience needs of customers as well as foodservice providers.

In addition, integration of digital technologies such as IoT and AI is enhancing shrimp farming efficiency since it makes it possible to monitor water quality, feeding, and disease management in real-time. Fundamentally, the demand for organic and antibiotic-free shrimp is growing, with food safety and health being a major issue for consumers. Furthermore, the increased focus on traceability and certification is building Vietnamese shrimp products' consumer trust through quality and sustainability assurance. All these trends indicate a market transforming to suit the world's needs while focusing on sustainability, innovation, and quality.

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Vietnam Shrimp Market Scope and Growth Analysis:

The Vietnamese shrimp sector is poised for significant growth supported by the geographical advantage of the country and strong export-oriented aquaculture industry. The international markets' increasing appetite for shrimp, particularly the United States, Europe, and Japan, are stimulating production as well as exports. Domestic as well as foreign companies are also altering the competitive framework as they are inclined towards product innovation, ensuring quality, and sustainability in an attempt to increase market share.

Moreover, the government's supportive policies, including investment in research and infrastructure, are constructing the market-friendly climate for growth. Basically, the increased awareness of the strengths of Vietnamese shrimp, i.e., good quality and reasonable prices, is compelling the international buyers to buy from Vietnam. Moreover, the enhanced application of high-tech farming and growing new types of shrimp are enhancing production efficiency and quality. Overall, the Vietnam shrimp industry is going to experience sustained growth on the back of favorable economic conditions, global demand, and strong focus on sustainability and innovation.

Competitor Landscape:

• Ca Mau Seafood Processing and Service Joint Stock Corporation
• Minh Phu Seafood Joint Stock Company
• Quoc Viet Co. Ltd.
• Sao Ta Foods Joint Stock Company
• Seaprimexco Vietnam

Vietnam Shrimp Industry Segmentation:

The report has segmented the market into the following categories:

Environment Insights:

• Farmed Shrimp
• Wild Shrimp

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Shrimp Size Insights:

• Less than 21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• Greater than 70

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

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

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