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Vietnam Aquaculture Market Report and
Forecast Till 2023

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on 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.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.

Report Description and Highlights

Report Description

Vietnam Aquaculture Market Report By Product Type (Freshwater Fish, Crustaceans, Mollusks and
Others), By Environment (Fresh Water, Brackish Water and Marine Water), Distribution Channel,
Region
The Vietnam aquaculture market has witnessed positive growth over the past few years. This can be
accredited to the abundance of natural aquatic resources along with rising demand for seafood in the
region.
Market Overview:
According to the latest report by IMARC Group, titled “Vietnam Aquaculture Market: Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Vietnam aquaculture market reached
a value of US$ 6.8 Billion in 2017. Aquaculture, also known as aquafarming, refers to the breeding,
raising, and harvesting of fish, shellfish, and aquatic plants and other organisms. Vietnam is the third
largest producer of aquaculture products due to its abundant natural aquatic resources, tropical
climate, and the diversity of river and canal systems. Aquaculture is a vital source of nutritious, safe
and sustainable seafood for the Vietnamese people. The aquaculture sector in the country is currently
dominated by catfish and shrimp, with the black tiger shrimp being one of the most popular species
among the aquaculturists. In recent years, the Pacific white leg shrimp (Litopenaeus vannamei) has
also been introduced in Southern Vietnam which has provided a positive thrust to the aquaculture
market.

Report Description and Highlights

Report Description
Market Trends:

Aquaculture has gained momentum in Vietnam as fish sauce, fish and other aquatic animals, such as
squid and eel, are central to the Vietnamese cuisine. The country has also adopted the production of
exportable species at an increasing level to diversify its farming activities. Along with this, the Ministry
of Fisheries is conducting research and development activities to improve the sustainability of the
aquaculture industry in Vietnam. Moreover, the Vietnamese Government is supporting the aquaculture
sector by implementing efficient policies, improving legal frameworks, building fishing ports, integrating
and modernizing fishing logistics and developing offshore fishing facilities. As a result of these factors,
the market is projected to reach a value of US$ 9.1 Billion by 2023, expanding at a CAGR of 4.9% during
2018-2023.
Request for a free sample report: https://www.imarcgroup.com/request?type=report&id=1119&flag=B
Vietnam Aquaculture Market Segmentation:

Market Segmentation by Product Type
o Freshwater Fish,
o Crustaceans,
o Mollusks,

Market Forecast

Sample Figure: Vietnam: Aquaculture Market Forecast: Volumes (in Million
Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description


Others

Based on product types, freshwater fish represents the most popular product type, accounting for the
majority of the market share. Freshwater fish is followed by crustaceans, mollusks and others.
Market Segmentation by Environments





Fresh Water
Brackish Water
Marine Water

On the basis of environments, the market has been divided into fresh water, brackish water and marine
water. Currently, fresh water dominates the market, holding the largest share.
Market Segmentation by Distribution Channel






Traditional Retail
Specialised Retailers
Discount Stores
Supermarkets and Hypermarkets
Online Retailers

Market Segmentation

Report Description


Others

Based on distribution channels, the report finds that specialized retailers form the largest distribution
channel for aquaculture products in Vietnam. Other major channels include traditional retail,
supermarkets and hypermarkets, and online retail.
Market Segmentation by Region




Southern Region
Northern Region
Central Region

Region-wise, the Southern region exhibits a clear dominance in the Vietnam aquaculture market. The
Southern region is followed by the Northern and Central regions.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.



Ca Mau Seafood Processing & Service Joint Stock Corporation
Hung Vuong Corporation

Market Segmentation

Report Description





Quoc Viet seafood
Dong Nam Seafood
Phuong Dong Seafood
Ngoc Sinh seafood

For more information, click here: https://www.imarcgroup.com/vietnam-aquaculture-market
In case you have a very specific customized or specific niche needs, we can work around the scope of
work and assist you with the tailor made solution. The topics covered could be technology, markets,
competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be
supplementing you with the weekly or fortnight reports.

Team Profile

Team Profile
Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent
Consultants from different
sectors.

Average Experience of 7+ Years

A partial List of

We are the trusted business partners to the

Clients
world's
leading corporates, governments, and
ourPartial
ClientsList of
institutions

A partial List of

We are the trusted business partners to the

of Clients
leading corporates, governments, and
ourPartial
ClientsListworld's
institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be
used in any form or by and means graphic electronic or mechanical, including photocopying, recording,
taping or by information storage or retrieval, or by any other form, without the express consent of
International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market
Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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