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Vietnam Aquaculture Market: By Product Type: Freshwater Fish, Crustaceans, Molluscs; By Environment: Fresh Water, Brackish Water, Marine Water; By Distribution Channel: Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Vietnam Aquaculture Market Outlook 

The Vietnam aquaculture market size reached a volume of almost 4.2 million tons in the year 2019. The aquaculture industry in Vietnam is further expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach a volume of almost 5.5 million tons by 2025. 

The Vietnam aquaculture market 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 the majority 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.

 

Properties and Applications

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 is segmented on the basis of product type into:

  • Freshwater Fish
  • Crustaceans
  • Molluscs
  • Others

Among all of these, freshwater fishes are the most popular product type as they are relatively economical, easily digestible, and rich in nutrients.

Based on the environment, the industry is divided into:

  • Fresh Water
  • Brackish Water
  • Marine Water

Out of these, fresh water represents the largest segment used for cultivating and capturing silver carp, grass carp, catfishes, rohu, and mrigal.

On the basis of the distribution channel, the industry is segmented into:

  • Traditional Retail
  • Specialised Retailers
  • Supermarkets and Hypermarkets
  • Online Retailers
  • Others

At present, traditional retailers display a clear dominance in the industry as they offer more flexibility and convenience to consumers, especially in rural areas.

The report also covers the regional markets of aquaculture in Vietnam like Southern, Northern, and Central regions. 

 

Market Analysis 

The Vietnam aquaculture market is driven by the initiatives taken by the government to develop its brackish shrimp industry until 2030 in order to enhance productivity, production, and the commercial value of the products. The production volume is projected to reach approximately 1.3 million tons with a shrimp farming area of around 750,000 hectares. Apart from this, the United Nations Conference on Trade and Development (UNCTAD) and the Nha Trang University of Vietnam recently launched a new Regional Centre of Excellence in Vietnam. The centre will help enhance the industry growth as it is a hub for aquaculture and fisheries in slightly developed countries across Asia and Africa.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the Vietnam aquaculture market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hung Vuong Corporation
  • Vinh Hoan Corporation
  • Quoc Viet Co. Ltd
  • Minh Phu
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis. 

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Vietnam Aquaculture Market Snapshot
7    Industry Opportunities and Challenges
8    Vietnam Aquaculture Market Analysis

    8.1    Key Industry Highlights
    8.2    Vietnam Aquaculture Historical Market (2015-2019) 
    8.3    Vietnam Aquaculture Market Forecast (2020-2025)
    8.4    Vietnam Aquaculture Market by Product Type
        8.4.1    Freshwater Fish
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Crustaceans
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Molluscs
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Others
    8.5    Vietnam Aquaculture Market by Environment
        8.5.1    Fresh Water
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Brackish Water
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Marine Water
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    Vietnam Aquaculture Market by Distribution Channel
        8.6.1    Traditional Retail
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Specialised Retailers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Supermarkets and Hypermarkets
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Online Retailers
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Others
    8.7    Vietnam Aquaculture Market by Region
        8.7.1    Market Share
            8.7.1.1    Southern
            8.7.1.2    Northern
            8.7.1.3    Central
9    Regional Analysis
    9.1    Southern
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
    9.2    Northern
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
    9.3    Central
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players' Market Share
    12.3    Company Profiles
        12.3.1    Hung Vuong Corporation
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    Vinh Hoan Corporation
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Quoc Viet Co. Ltd
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Minh Phu
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Vietnam Aquaculture Market: Key Industry Highlights, 2015 and 2025
2.    Vietnam Aquaculture Historical Market: Breakup by Product Type (Million Tons), 2015-2019
3.    Vietnam Aquaculture Market Forecast: Breakup by Product Type (Million Tons), 2020-2025
4.    Vietnam Aquaculture Historical Market: Breakup by Environment (Million Tons), 2015-2019
5.    Vietnam Aquaculture Market Forecast: Breakup by Environment (Million Tons), 2020-2025
6.    Vietnam Aquaculture Historical Market: Breakup by Distribution Channel (Million Tons), 2015-2019
7.    Vietnam Aquaculture Market Forecast: Breakup by Distribution Channel (Million Tons), 2020-2025
8.    Vietnam Aquaculture Historical Market: Breakup by Region (Million Tons), 2015-2019
9.    Vietnam Aquaculture Market Forecast: Breakup by Region (Million Tons), 2020-2025
10.    Vietnam Aquaculture Market Structure

Key Questions Answered in the Report

In 2019, the Vietnam aquaculture market attained a volume of nearly 4.2 million tons. 

The market is projected to grow at a CAGR of 4.5% between 2020 and 2025.

The market is estimated to grow in the forecast period of 2020-2025 to reach a volume of about 5.5 million tons by 2025. 

The major drivers of the industry, such as the adoption of advanced fishery management tools, rising disposable incomes, and increased acceptance of technology in the region, are expected to aid the market growth.

The key trend guiding the growth of the aquaculture market includes the 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 industry are Southern, Northern, and Central Vietnam, with Southern Vietnam accounting for the largest share in the market.

Freshwater fishes segment represents the leading aquaculture product type in the industry.

The aquaculture segment is led by the fresh water segment.  

Traditional retailers constitute the leading distribution channel in the industry. 

The major players in the industry are Hung Vuong Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, and Minh Phu, among others.

Analyst Review

The Vietnam aquaculture market attained a volume of 4.2 million tons in 2019, driven by the growing adoption of advanced fishery management tools and escalating disposable incomes in the region. Aided by the increased government initiatives towards the development of brackish shrimp industry, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The industry is projected to reach a volume of 5.5 million tons by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product type, the aquaculture market industry can be segmented into freshwater fish, crustaceans, molluscs, and others, with freshwater fish segment accounting for the largest market share. On the basis of environment, the industry can be categorised into fresh water, brackish water, and marine water, where fresh water segment leads the overall industry. On the basis of distribution channels, the traditional retail segment accounts for the leading share in the industry. The major regional markets for the aquaculture market are Southern, Northern, and Central Vietnam, with Southern Vietnam accounting for the largest share of the market. The key players in the above market include Hung Vuong Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, and Minh Phu, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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