Vietnam Crustaceans Market (2025-2031) | Value, Industry, Growth, Size, Revenue, Companies, Share, Outlook, Forecast, Trends & Analysis

Topics Covered in Vietnam Crustaceans Market Report

The Vietnam Crustaceans Market Report thoroughly covers the market by product type, product, categories, marketing channels, and end-use. The Vietnam Crustaceans Market Outlook report provides an unbiased and detailed analysis of the ongoing Vietnam Crustaceans market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

Vietnam Crustaceans Market Synopsis

Vietnam crustacean market has been progressing faster and is anticipated to obtain major success during the forecast period on the back of the country's strong economic growth, favourable climate conditions, as well as competitive labour market. The market is also facing some challenges which it can overcome in the future.

According to 6Wresearch, the Vietnam Crustaceans Market size is projected to expand at a CAGR of 4.8% during 2025-2031. Vietnam's crustacean market is driven by the country's strong economic growth, favourable climate conditions, and competitive labour market. Over the past few years, the Vietnamese government has been focusing on developing its marine agriculture sector to boost food security and enhance the country's export portfolio. As a result, the country has seen an increase in private investment in the industry, leading to improved infrastructure, technology adoption, and better-quality products. These factors are boosting the Vietnam Crustaceans Market Growth.

Vietnam's crustacean market, like many others, is not without challenges. For starters, the industry is characterized by low productivity, poor-quality products, and inadequate supply chain infrastructure. The country's limited technological capabilities and low skill levels of employees also pose challenges to the industry's growth. Additionally, the industry is vulnerable to climate change, which affects the productivity of the farming ponds and has adverse environmental implications. Another significant challenge is the competition from other global producers in the market.

Crustaceans Market in Vietnam: Leading Companies

Vietnam has established itself as a top global producer of crustaceans, and there are some key players in the market. The largest producers and exporters of crustaceans are located in the Mekong Delta region, where the water environment is appropriate. Some of the notable producers include the Vietnam Association of Seafood Exporters and Producers (VASEP), Minh Phu Seafood Corp, Saigon Seafood Corporation, and Hung Vuong Corporation. These firms have invested significantly in the industry, from production to quality control, and export marketing.

Vietnam Crustaceans Industry: Government Initiatives

The Vietnamese government has placed great emphasis on agricultural development and has dedicated funds to support the industry. In 2021, the government launched the ShrimpSMILE program (Sustainable and Inclusive Shrimp Value Chain Enhancement), which aims to enhance sustainable shrimp production and trade to achieve better livelihoods, increased income, and social well-being. The program seeks to create an integrated value chain for the industry, from production, processing, distribution, and marketing. Other initiatives include policies to enhance the industry's productivity and protect the environment.

Market Segmentation by Product Type

According to Sumit, a Senior Research Analyst, all these product types segments such as crab, prawns, and lobsters, have been experiencing significant growth in Vietnam's crustacean market. While the crab market has been around for longer and has seen steady growth, the prawn and lobster markets are relatively young but have been growing rapidly over the years.

Key Attractiveness of the Report 

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Crustaceans Market Outlook
• Market Size of Vietnam Crustaceans Market, 2024
• Forecast of Vietnam Crustaceans Market, 2031
• Historical Data and Forecast of Vietnam Crustaceans Revenues & Volume for the Period 2021-2031
• Vietnam Crustaceans Market Trend Evolution
• Vietnam Crustaceans Market Drivers and Challenges
• Vietnam Crustaceans Price Trends
• Vietnam Crustaceans Porter's Five Forces
• Vietnam Crustaceans Industry Life Cycle
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Crab for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Prawn for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Lobsters for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Product Categories for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Dried Crustacean for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Salted Crustacean for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Frozen Crustacean for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Marketing Channels for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Store-Based for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Non-Store Based for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By End-use for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Residential for the Period 2021-2031
• Historical Data and Forecast of Vietnam Crustaceans Market Revenues & Volume By Restaurants for the Period 2021-2031
• Vietnam Crustaceans Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Product Categories
• Market Opportunity Assessment By Marketing Channels
• Market Opportunity Assessment By End-use
• Vietnam Crustaceans Top Companies Market Share
• Vietnam Crustaceans Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Crustaceans Company Profiles
• Vietnam Crustaceans Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

• Crab
• Prawn
• Lobsters

By Product Categories

• Dried Crustacean
• Salted Crustacean
• Frozen Crustacean

By Marketing Channels

• Store-Based
• Non-Store Based

By End-Use

• Residential
• Restaurants