Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022 •
  • 131 pages •
  • Report ID: 5808091 •
  • Format: PDF
The Vietnam aquafeed market reached a value of US$ 280.4 Million in 2021. Looking forward, the analyst expects the market to reach US$ 513.5 Million by 2027, exhibiting a CAGR of 10.62% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the Vietnam aquafeed market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on ingredient, additives, product forms, end user and distribution channel.

Breakup by Ingredient

Grains and Cereals
Soybean
Fish Meal
Additives
Fish Oil
Others

Breakup by Additives

Amino Acids
Antibiotics
Vitamins
Feed Acidifiers
Others

Breakup by Product Forms

Pellets
Extruded
Powdered
Liquid

Breakup by End User

Catfish
Shrimp
Mollusks
Tilapia
Carps
Salmon
Others

Breakup by Distribution Channel

Direct to Farmers
Local Wholesalers
Exports
Others

Breakup by Region

Southern Vietnam
Northern Vietnam
Central Vietnam

Competitive Landscape

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 distribution channel?
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?