DUBLIN–(BUSINESS WIRE)–The “Vietnam Aquaculture Market, By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals), By Culture, By Species, By Culture System, By Production Type, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
Vietnam aquaculture market is projected to witness impressive growth during the forecast period, 2023-2027
The growing demand for aquatic companion animals and increasing consumption of seafood in the country are driving the demand for the Vietnam aquaculture market. Seaweed, fish, mollusks, and other aquatic items can be produced through farming just as easily as they can be obtained by fishing in sea and ocean waters.
The demand for seafood products is expanding quickly, and the country is exporting more goods to its neighbors and to nations like Russia and Poland, which is positively impacting the market growth. Aquatic plants and animals are now being produced at significant levels to meet the growing consumer requirements. Rising penetration of commercial food chains and growing tourism industry are also supporting the growth of the Vietnam aquaculture market.
The rapidly growing e-commerce sector and use of social media platforms are boosting the growth of the FMCG industry. The availability of high-speed internet connection and the proliferation of smart devices are enabling the market players reach a wider set of consumers. Therefore, the emergence of online sales channels and enhanced security on online payments are expected to influence market demand positively.
The Vietnam aquaculture market is segmented on the basis of rearing product type, culture, species, culture system, production type, distribution channel, competitive landscape, and regional distribution. Based on species, the market is bifurcated into Aquatic Animals v/s Aquatic Plants.
Aquatic animals are expected to hold the largest market share in the forecast period, 2023-2027. Fish, shrimp, and other aquatic animals are in high demand as household pets and for consumption. Consumers are also drawn to aquatic plants like seaweed and microalgae to enhance aquarium decor at home, which might lead to significant growth in the Vietnam aquaculture industry over the next five years.
The major market players operating in the Vietnam aquaculture market are Ca Mau Seafood Processing & Service Joint Stock Corporation, Minh Phu Seafood Corporation, Vinh Hoan Corporation, Quoc Viet Co. Ltd, Dong Nam Seafood Corporation, Phuong Dong Seafood Co., Ltd., SOC Trang Seafood Joint Stock Company, Thuan Hung Fisheries Company Ltd.
Objective of the Study:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam aquaculture market.
Report Scope
Years considered for this report:
Vietnam Aquaculture Market, By Rearing Product Type:
Vietnam Aquaculture Market, By Culture:
Vietnam Aquaculture Market, By Species:
Vietnam Aquaculture Market, By Culture System:
Vietnam Aquaculture Market, By Production Type:
Vietnam Aquaculture Market, By Distribution Channel:
Vietnam Aquaculture Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/wwcsn
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