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Vietnam Aquaculture Market

Vietnam Aquaculture Market Size, Share, Growth, Forecast: By Product Type: Freshwater Fish, Crustaceans, Molluscs, Others; By Environment: Fresh Water, Brackish Water, Marine Water; By Distribution Channel; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Vietnam Aquaculture Market Outlook 

The Vietnam aquaculture market size reached a volume of almost 4.80 million tons in the year 2023. The aquaculture industry in Vietnam is further expected to grow at a CAGR of 4.6% between 2024 and 2032 to reach a volume of almost 7.19 million tons by 2032.   

 

Vietnam Aquaculture Market

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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.

 

Vietnam Aquaculture Market By Product Type

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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. 

 

Vietnam Aquaculture Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis. 

 

Key Highlights of the Report

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:

  • Product Type
  • Environment
  • Distribution Channel
  • Region
Breakup by Product Type
  • Freshwater Fish
  • Crustaceans
  • Molluscs
  • Others
Breakup by Environment
  • Fresh Water
  • Brackish Water
  • Marine Water
Breakup by Distribution Channel
  • Traditional Retail
  • Specialised Retailers
  • Supermarkets and Hypermarkets
  • Online Retailers
  • Others
Breakup by Region
  • Southern
  • Northern
  • Central
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hung Vuong Corporation
  • Vinh Hoan Corporation
  • Quoc Viet Co. Ltd
  • Minh Phu
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Opportunities and Challenges in the Market
8    Vietnam Aquaculture Market Analysis

    8.1    Key Industry Highlights
    8.2    Vietnam Aquaculture Historical Market (2018-2023) 
    8.3    Vietnam Aquaculture Market Forecast (2024-2032)
    8.4    Vietnam Aquaculture Market by Product Type
        8.4.1    Freshwater Fish
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Crustaceans
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Molluscs
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Vietnam Aquaculture Market by Environment
        8.5.1    Fresh Water
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Brackish Water
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Marine Water
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Vietnam Aquaculture Market by Distribution Channel
        8.6.1    Traditional Retail
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Specialised Retailers
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Supermarkets and Hypermarkets
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Online Retailers
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Vietnam Aquaculture Market by Region
        8.7.1    Southern
        8.7.2    Northern
        8.7.3    Central
9    Regional Analysis
    9.1    Southern
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Northern
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Central
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
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    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Hung Vuong Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Financial Summary
            12.2.1.5    Certifications
        12.2.2    Vinh Hoan Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Financial Summary
            12.2.2.5    Certifications
        12.2.3    Quoc Viet Co. Ltd
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Financial Summary
            12.2.3.5    Certifications
        12.2.4    Minh Phu
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Financial Summary
            12.2.4.5    Certifications
        12.2.5    Others
13    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Vietnam Aquaculture Market: Key Industry Highlights, 2018 and 2032
2.    Vietnam Aquaculture Historical Market: Breakup by Product Type (Million Tons), 2018-2023
3.    Vietnam Aquaculture Market Forecast: Breakup by Product Type (Million Tons), 2024-2032
4.    Vietnam Aquaculture Historical Market: Breakup by Environment (Million Tons), 2018-2023
5.    Vietnam Aquaculture Market Forecast: Breakup by Environment (Million Tons), 2024-2032
6.    Vietnam Aquaculture Historical Market: Breakup by Distribution Channel (Million Tons), 2018-2023
7.    Vietnam Aquaculture Market Forecast: Breakup by Distribution Channel (Million Tons), 2024-2032
8.    Vietnam Aquaculture Historical Market: Breakup by Region (Million Tons), 2018-2023
9.    Vietnam Aquaculture Market Forecast: Breakup by Region (Million Tons), 2024-2032
10.    Vietnam Aquaculture Market Structure

Key Questions Answered in the Report

In 2023, the Vietnam aquaculture market attained a volume of nearly 4.80 million tons.

The market 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, and molluscs, among 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.  

Traditional retail, specialised retailers, supermarkets and hypermarkets, and online retailers, among others constitute the major distribution channels in the market. 

The major players in the  Vietnam aquaculture market 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 4.80 million tons in 2023, 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 2024-2032, growing at a CAGR of 4.6%. The industry is projected to reach a volume of 7.19 million tons by 2032.        

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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