Vietnam Aquaculture (Freshwater Fish, Crustaceans, Mollusks and Others) Market Trends, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 9, 2019--The “Vietnam Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Vietnam aquaculture market reached a production volume of 3.8 Million Tons in 2017.
Vietnam is one of the most suitable places for seafood industry, including both aquaculture and open ocean fishing with its coastline of 3,260 kilometres and an Economic Exclusion Zone of 1 million square kilometres. Currently Vietnam is ranked as the fourth largest producer of sea food from aquaculture behind China, Indonesia and India. Aquaculture systems are diversified according to different geographical and climatic conditions as one moves from the north, through central to the south of Vietnam.
Over the past few years, there has been an increasing consumption of fish in Vietnam. Some of the key factors driving the consumption of fish in Vietnam is their heir high nutritional value, their easiness to digest and the fact that they are more economical compared to other protein sources such as beef or pork. Moreover, consumers in Vietnam prefer fish in their diet as it’s easy to cook, widely available, and adds variety to the daily diet. Apart from its large domestic market, Vietnam also represents a major exporter of aquaculture products.
In 2017, Vietnam exported aquaculture products worth over US$ 8 Billion, a growth of 18% over 2016. Some of the important seafood products include shrimp, pangasius, tuna and marine fish. Shrimp, currently represents the most important export product, and accounted for around 50% of the total export turnover of the country.
Driven by a strong domestic consumption and increasing exports, the Vietnam aquaculture market is further expected to reach a production volume of 5 Million Tons by 2023, exhibiting a CAGR of around 4% during 2018-2023.
Some of the major players include:Ca Mau Seafood Processing & Service Joint Stock Corporation Hung Vuong Corporation Minh Phu seafood corporation Vinh Hoan corporation Quoc Viet seafood Dong Nam Seafood Phuong Dong Seafood Ngoc Sinh seafood SOC Trang Seafood Joint Stock Company Thuan Hung Fisheries Company Ltd
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Vietnam Aquaculture Market
6 Market Breakup by Product Type
7 Market Breakup by Environment
8 Market Breakup by Distribution Channel
9 Market Break up by Region
10 Competitive Landscape
11 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9df9lq/vietnam?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005299/en/
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KEYWORD: VIET NAM ASIA PACIFIC
INDUSTRY KEYWORD: NATURAL RESOURCES OTHER NATURAL RESOURCES
SOURCE: Research and Markets
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PUB: 01/09/2019 04:30 AM/DISC: 01/09/2019 04:30 AM