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Aquaculture Market in Vietnam 2016-2020

Aquaculture Market in Vietnam 2016-2020

About Aquaculture in Vietnam

Vietnam is one of the most suitable places for seafood and fish farming because of its long and rich coast line. Infrastructure development, growing consumption of fish, high disposable income of consumers, and export of farmed fish and seafood are some of the key drivers, which enable Vietnam to contribute a significant revenue to the aquaculture industry in APAC. The need for aquaculture in Vietnam stems from the high demand from wholesalers, retailers, restaurants, and individual consumers.

Technavio’s analysts forecast the aquaculture market in Vietnam to grow at a CAGR of 5.73% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the aquaculture market in Vietnam for 2016-2020. To calculate the market size, the report considers the revenue generated from the the retail sales of the following types of products in the aquaculture market in Vietnam:

  • Freshwater fish
  • Mollusks
  • Crustaceans
  • Others (Marine fish, sea cucumbers, and trout)
Technavio's report, Aquaculture Market in Vietnam 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Camau Seafood Processing and Service Joint
  • Dongnam Seafood
  • PhuongDong Seafood
  • Food Joint Stock Company Ca Mau Seafood Exports
  • Hung Vuong Mekong
  • Minh Phu
  • Ngoc Sinh Seafood
  • Oriental Seafood
  • Quoc Viet
  • Saigib Seafood
  • SOC TRANG Seafood Joint Stock Company
  • Thuan Hung Fisheries Company
  • Trong Nhan Seafood
  • Vinh Hoan
  • Cermaq
  • Nireus Aquaculture
  • Thai Union Frozen Products
Market driver
  • Infrastructure development initiatives
  • For a full, detailed list, view our report
Market challenge
  • Lack of environmental and disease monitoring systems
  • For a full, detailed list, view our report
Market trend
  • Production and distribution of seeds and hygienic practices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Aquaculture Market in Vietnam 2016-2020

Technavio recognizes the following companies as the key players in the aquaculture market in Vietnam: Camau Seafood, Dongnam Seafood, PhuongDong Seafood, Food Joint Stock, Hung Vuong Mekong, Minh Phu, Ngoc Sinh Seafood, Oriental Seafood, Quoc Viet, Saigon Seafood, SOC TRANG, Thuan Hung, Trong Nhan Seafood, Vinh Hoan, Cermaq, Nireus Aquaculture, and Thai Union Frozen Products

Commenting on the report, an analyst from Technavio’s team said: “With the shift in freshwater aquaculture technology, the steps in the production of seed have changed from intensive water use land-based systems to water-saving and water productivity-enhancing interventions. Irrigation systems and irrigated agriculture are integrated with fish seed production. Optimizing the use of irrigated agricultural land can be further explored for their expansion/commercialization potential. For fry to fingerling rearing, the use of cages and hapas is becoming increasingly popular in Vietnam. Such initiatives contribute to the enhancement of productivity of irrigation water bodies.”

According to the report, the aquaculture market in Vietnam is one of the biggest aquaculture markets in the world. The annual domestic consumption of seafood per capita in the country is about 78 lbs. per capita. For the period of 2015-2020, this consumption figure is expected to increase by 5.37% on an average per year. The total consumption of seafood in the domestic market in Vietnam was over 710 thousand metric tons in 2015 and is expected to reach 940 thousand metric tons by 2020.

Further, the report states that with the shift in freshwater aquaculture technology, the steps in the production of seed have changed from intensive water use land-based systems to water-saving and water productivity-enhancing interventions. Irrigation systems and irrigated agriculture are integrated with fish seed production. Optimizing the use of irrigated agricultural land can be further explored for their expansion/commercialization potential. For fry to fingerling rearing, the use of cages and hapas is becoming increasingly popular in Vietnam. Such initiatives contribute to the enhancement of productivity of irrigation water bodies.



Companies Mentioned

Camau Seafood, Dongnam Seafood, PhuongDong Seafood, Food Joint Stock, Hung Vuong Mekong, Minh Phu, Ngoc Sinh Seafood, Oriental Seafood, Quoc Viet, Saigon Seafood, SOC TRANG, Thuan Hung, Trong Nhan Seafood, Vinh Hoan, Cermaq, Nireus Aquaculture, Thai Union Frozen Products.

  • Executive summary
    • Highlights
      • Table Fish consumption by various regions 2025
  • Scope of the report
    • Scope of study
      • Table Aquaculture market in Vietnam market size derivation 2015
    • Vendor segmentation
    • Common currency conversion rates
      • Table Standard conversion rates used in the report
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Categories of aquaculture
    • Aquaculture environment
      • Table Aquaculture environment and associated products
      • Table Aquaculture species distribution
    • Global aquaculture market
      • Table Global aquaculture market 2015-2020 ($ billions)
      • Table Global aquaculture market 2015-2020 (millions of metric tons)
      • Table Production of fish species from inland aquaculture and marine and coastal
    • Aquaculture market in APAC
      • Table Aquaculture market in APAC 2015-2020 ($ billions)
      • Table Aquaculture market in APAC 2015-2020 (Millions of metric tons)
    • Aquaculture market in Vietnam
      • Table Potential area for aquaculture in Vietnam
      • Table Distribution of coastal areas
      • Table Vietnam aquaculture production by volume per province 2015
      • Table Aquaculture market in Vietnam 2015-2020 ($ billions)
      • Table Growth of aquaculture in Vietnam versus other APAC countries 1995-2014 (millions of metric tons)
      • Table Aquaculture market in Vietnam 2015-2020 (thousands of metric tons)
      • Table Factors that drive aquaculture market in Vietnam
      • Table PESTEL analysis of aquaculture market in Vietnam 2015
    • Aquaculture market in Vietnam: Value chain
      • Table Aquaculture in Vietnam value chain analysis 2015
    • Aquaculture distribution channels in Vietnam
    • Export
      • Table Major export destinations for seafood from Vietnam 2011-2015 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Aquaculture market in Vietnam by product: Overview
      • Table Product distribution of Vietnam aquaculture 2015
    • Freshwater fish market in Vietnam
      • Table Freshwater fish market in Vietnam 2015-2020 (thousands of metric tons)
    • Crustaceans market in Vietnam
      • Table Crustaceans market in Vietnam 2015-2020 (thousands of metric tons)
    • Mollusks market in Vietnam
      • Table Mollusks market in Vietnam 2015-2020 (thousands of metric tons)
    • Vietnam aquaculture market by others
      • Table Vietnam aquaculture market by others 2015-2020 (thousands of metric tons)
      • Table Aquaculture market in Vietnam: Lucrativeness by product category 2020
  • Market drivers
    • Infrastructure development initiatives
      • Table Areas of investment and policies
    • Growing seafood and fish consumption
    • Growth in exports
      • Table Segmentation of Vietnam seafood exports by product 2015-2020
  • Impact of drivers
    • Table Impact of driver
  • Market challenges
    • Climate change
      • Table Impact of climate change on aquaculture
    • High disease prevalence
      • Table Prevalent diseases and their potential impact
    • Lack of environmental and disease monitoring systems
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Production and distribution of seed and hygienic practices
      • Table Seed process
    • Improvements in postharvest practices and marketing
    • Sustainable practices
    • Intensification of aquaculture systems
  • Vendor landscape
    • Competitive scenario
    • Key vendor in the market
  • Appendix
    • List of abbreviation
  • Explore Technavio

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