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Aquaculture is the raising, breeding, and harvesting of aquatic organisms, such as fish, shellfish, and aquatic plants, in both inland as well as coastal areas.
The Vietnam aquaculture market dynamics and trends are driven by its role in ensuring a steady seafood supply, stimulating economic growth through job creation, and enhancing global food security. When managed properly, aquaculture can be environmentally sustainable and promote research and innovation in marine biology, improving breeding methods and environmental practices.
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The Vietnam aquaculture industry growth is driven by the adoption of advanced fishery management tools globally. Currently, the country represents one of the leading producers of aquaculture products across the globe.
The Southern region represents the largest market for aquaculture in Vietnam, holding most of the market share. This is due to the availability of diversified culture systems, such as fence, pond, and cage culture of catfish and many indigenous species like snakehead fish, giant river prawn, and climbing perch driving the Vietnam aquaculture demand growth.
According to the General Statistics Office of Vietnam, in 2011, the total aquaculture fish production from the Mekong River Delta was approximately 1.5 million metric tons (MT), while the Red River Delta contributed around 500,000 MT. By 2012, production in the Mekong River Delta had slightly increased to around 1.6 million MT, while the Red River Delta also saw a modest increase, reaching approximately 550,000 MT. The combined output from these two regions approached 2.2 million MT. Throughout the period from 2013 to 2016, the Mekong River Delta maintained its leadership position, with production steadily rising to approximately 1.7 million MT by 2016. The Red River Delta's output during this period remained relatively stable, hovering around 600,000 MT. The years 2017 and 2018 marked a significant phase of growth, with the Mekong River Delta’s production increasing to around 1.8 million MT in 2017 and further to nearly 2 million MT by 2018. The Red River Delta also experienced growth during this period, contributing approximately 650,000 MT in 2017 and approaching 700,000 MT in 2018. In 2019, the Mekong River Delta reached a production volume of approximately 2 million MT. The Red River Delta's production continued to rise, reaching about 700,000 MT. By 2020, preliminary figures suggest that the Mekong River Delta’s output stabilized at around 2.2 million MT, while the Red River Delta sustained its contribution of approximately 700,000 MT. This growth supports the Vietnam aquaculture market revenue, leveraging abundant natural resources and a substantial export presence, significantly benefiting the national economy.
As per the General Statistics Office of Vietnam, in 2011, the total shrimp production was around 450,000 metric tons (MT), with the Mekong River Delta contributing approximately 300,000 MT. The South-Central Coast added around 100,000 MT. The upward trajectory continued in 2019 and 2020, with production figures reaching approximately 850,000 MT by 2020. The Mekong River Delta was the primary driver of this growth, contributing around 750,000 MT. The South-Central Coast saw growth as it contributed around 180,000 MT, boosting the Vietnam aquaculture industry revenue, as the country excels as a leading shrimp exporter, benefiting from advantageous coastal conditions and advanced farming methods.
Hung Vuong Corporation
Vinh Hoan Corporation
Quoc Viet Co. Ltd
Minh Phu
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“Vietnam Aquaculture Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Breakup by Environment
Breakup by Distribution Channel
Breakup by Region
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The growth of the Vietnam aquaculture industry is driven by the advantages of freshwater and brackish water systems. Freshwater aquaculture supports a variety of species, such as tilapia and catfish, with stable conditions that minimise disease and enhance yields, utilising abundant river and lake resources for sustainability.
Brackish water aquaculture, in contrast, focuses on high-value species like shrimp, offers economic efficiency with reduced infrastructure requirements, and adjusts easily to fluctuating salinity, enabling versatile production.
The companies specialise in seafood processing and export, focusing on pangasius and shrimp. They boost Vietnam’s global seafood presence with its quality, innovation, and sustainable production practices.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the Vietnam aquaculture market attained a volume of nearly 4.80 million tons.
The Vietnam aquaculture market value is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach a volume of about 7.19 million tons by 2032.
The major drivers of the market are the adoption of advanced fishery management tools, and increased acceptance of technology in the region.
The key trends guiding the growth of the aquaculture market include the rising disposable incomes and growing government initiatives such as the launch of new Regional Centre of Excellence and others, aiming to develop brackish shrimp industry by 2030 in the region.
The major regions in the market are Southern, Northern, and Central Vietnam.
Freshwater fish, crustaceans, molluscs and others are the leading aquaculture product types in the market.
The leading environments in the aquaculture are the fresh water, brackish water, and marine water.
The market is broken down into traditional retail, specialised retailers, supermarkets and hypermarkets, online retailers, and others.
The competitive landscape consists of Hung Vuong Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, and Minh Phu, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Environment |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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