Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Vietnam commercial aquafeed market reached a volume of 7.17 Million Tons in 2020. A major factor driving the demand of aquafeed in the country is its large aquaculture market. Vietnam is currently ranked as the fourth-largest producer of seafood from aquaculture, after China, Indonesia, and India. Moreover, changes in the diet preferences of consumers coupled with rising incomes have increased the consumption of seafood within the country creating a positive impact on the aquafeed market. Some of the major seafood products in Vietnam include shrimps, pangasius, tuna and marine fish. Some of the other factors driving the market include rising exports, strong government support, advancements in feed manufacturing technology, rising awareness on the adoption of modern feeding practices, etc. Catalyzed, by the rising demand, existing players in the country have expanded their production capacities and several new players have also recently entered the market. Looking forward, IMARC Group expects the Vietnam commercial aquafeed market to exhibit moderate growth during the next five years.
Market Breakup by Ingredient
Grains and Cereals
Market Breakup by Additives
Market Breakup by Product Forms
Market Breakup by End User
Market Breakup by Region
The report has also analysed the competitive landscape of the market with some of the key players being Cargill Inc., De Heus LLC, Proconco, GreenFeed Vietnam Corp., Charoen Pokphand (CP), Uni President Vietnam, etc.
Key Questions Answered in This Report:
How has the Vietnam aquafeed market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Vietnam aquafeed market?
What is the breakup of the Vietnam aquafeed market based on the ingredient?
What is the breakup of the Vietnam aquafeed market based on the additives?
What is the breakup of the Vietnam aquafeed market based on the product forms?
What is the breakup of the Vietnam aquafeed market based on the end user?
What is the breakup of the Vietnam aquafeed market based on the region?
What are the various stages in the value chain of the Vietnam aquafeed market?
What are the key driving factors and challenges in Vietnam aquafeed market?
What is the structure of the Vietnam aquafeed market and who are the key players?
What is the degree of competition in the Vietnam aquafeed market?
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