Summary

Vietnam seafood market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the growing consumption of seafood by foreign and domestic population and increasing awareness among consumers regarding the health benefits of seafood. Besides, the changing lifestyle of consumers and the increasing shift towards pescetarianism (the eating pattern that involves consumption of vegetarian food and seafood but does not include other meat products like beef, pork, etc.) are driving the growth of Vietnam seafood market. Additionally, growing health awareness among consumers and an increase in disposable income among the middle-income groups shifting their consumption trend from essential to premium goods & services are other factors driving the growth of the Vietnam seafood market. Moreover, high penetration of the number of seafood suppliers and an increasing number of restaurants offering exotic seafood, owing to changing eating habits and tastes of individuals, are adding to the market growth. Increasing improvements and variations in seafood by the market players and rising demand for fat-free proteinaceous food are further anticipated to fuel the growth of the Vietnam seafood market. Strong penetration of the organized retail and foodservice industry, growing demand for fresh and frozen foods across the country, and the emergence of seafood brands are factors contributing to the growth of the Vietnam seafood market during the forecast period.
Vietnam seafood market is segmented by product, process, distribution channel, end-user, regional distribution and company. Based on product, the market is further fragmented into fishes, shrimp, oysters, snails, and others. The fishes segment is expected to dominate the Vietnam seafood market due to its increased adoption. Fishes have high nutritional value compared to other seafood varieties and are widely accessible and affordable, contributing to their dominance in the Vietnam seafood market during the forecast period.
Ca Mau Seafood Processing & Service Joint Stock Corporation, Hung Vuong Corporation, Minh Phu Seafood Corporation, Vinh Hoan Corporation, Quoc Viet Seafood Co. Ltd., Dong Nam Seafood Corp, Phuong Dong Seafood, Ngoc Sinh Seafood, SOC Trang Seafood Joint Stock Company, Thuan Hung Fisheries Company Ltd, etc. are the leading players in the Vietnam seafood market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the historical growth in the market size of Vietnam seafood market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam seafood market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam seafood market based on product, process, distribution channel, end user, and regional distribution.
• To identify dominant region or segment in the Vietnam seafood market.
• To identify drivers and challenges for Vietnam seafood market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam seafood market.
• To identify and analyze the profile of leading players operating in Vietnam seafood market.
• To identify key sustainable strategies adopted by market players in Vietnam seafood market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies, suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam seafood market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Seafood companies, and other stakeholders
• Distributers and suppliers of seafoods and other stakeholders
• Organizations, forums, and alliances related to seafood
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam seafood market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Seafood Market, By Product:
o Fishes
o Shrimps
o Oysters
o Snails
o Others
• Vietnam Seafood Market, By Process:
o Fresh
o Frozen
• Vietnam Seafood Market, By Distribution Channel:
o Supermarket/Hypermarket
o Traditional Retails
o Specialized Retails
o Online Retails
o Others
• Vietnam Seafood Market, By End User:
o Household
o PBCL {Pubs, Bar, Cafes, and Lounges}
o QSR {Quick Service Restaurants}
o Others
• Vietnam Seafood Market, By Region:
o Northern
o Central
o Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam seafood market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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