Vietnam Canned and Cured Seafoods Market (2022-2028) | Share, Analysis, Size, Revenue, Outlook, Growth, Industry, Forecast, Trends, Value & COVID-19 IMPACT

Market Forecast By Product (Tuna, Salmon, Sardines, Other Fish, Prawns, Shrimps, Other Seafood), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Store, Online) And Competitive Landscape

Product Code: ETC017450 Publication Date: Oct 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Vietnam Canned and Cured Seafoods Market Synopsis

Vietnam Canned and Cured Seafood Market are expected to register growth as canned seafood is becoming a popular alternative to fresh seafood and expanding the market for canned goods. Canned and cured seafood are those which have been processed for storage in cans or jars, or for preservation by pickling, salting, smoking, or drying. The main types of canned and cured seafood available in the market are tuna, sardines, mackerel, salmon, shrimp, and crab. 

According to 6Wresearch, the Vietnam Canned and Cured Seafoods Market size are expected to grow during 2022-2028. The Vietnam canned and cured seafood market is witnessing a rising demand for canned goods due to their convenience, diversity in the product range, and availability in different sizes and formats (small cans, large cans, small jars), which can be used in various cooking methods. The canned and cured seafood market in Vietnam is being driven by the growing demand for these products from the food service industry. The food service industry in Vietnam is growing at a rapid pace due to the increasing number of tourists visiting the country. As a result, there is a growing demand for canned and cured seafood from restaurants and hotels. 

Market Drivers for Vietnam Canned and Cured Seafoods Market

The Vietnam canned and cured seafood market is driven by several factors. The increasing demand for seafood, the growing tourism industry, and the rising disposable incomes are all contributing to the growth of the market. Additionally, the government’s initiatives to promote the consumption of seafood are also increasing the Vietnam Canned and Cured Seafood Market Share.

The canned and cured seafood market in Vietnam is also being driven by the growing health consciousness among consumers. Consumers are becoming more aware of the health benefits of consuming seafood. Seafood is a rich source of protein, omega-3 fatty acids, vitamins, and minerals. It helps to improve heart health, cognitive function, and joint health. As a result, there is a growing demand for canned and cured seafood.

Market Restraints for Vietnam Canned and Cured Seafood Market

Canned and cured seafood are typically high in salt and fat content, which has led to a decline in their consumption in recent years. Additionally, many Vietnamese consumers are now opting for fresher and healthier seafood options, such as live or frozen fish. As a result, the demand for canned and cured seafood has decreased in recent years.

The canned and cured seafood market is also being affected by the rise of e-commerce in Vietnam. Online sales of these products have grown at a rapid pace in recent years, as more and more consumers are turning to the internet to purchase their groceries. This trend is expected to continue over the forecast period, further eroding the demand for canned and cured seafood. The high cost of seafood, the lack of awareness about canned and cured seafood, and the limited availability of these products are all hindering market growth.

Impact of COVID-19 on Vietnam Canned and Cured Seafood Market

COVID-19 has restricted the activity in sea and on land which led to sudden decline in production of canned and cured seafood, but the demand side has maintained itself due to canned foods long shelf life and less preparation time comparatively.

Competitive Landscape

The competitive landscape of the Vietnam canned and cured seafood market is quite fragmented. There are a large number of small- and medium-sized companies operating in the market. The leading companies in the market include CP Foods, Vinh Hoan Corporation, and Dongwon Industries. These companies hold a significant share of the market. However, there are a large number of other companies operating in the market that is expected to provide tough competition for the leading players.

Key Developments over the years

The Vietnam canned and cured seafood market has seen some key developments over the years.

One of the most significant developments has been the launch of a new line of products from one of the country's leading producers. This new line of products includes canned tuna, mackerel, and sardines, as well as a range of other seafood products.

Another key development has been the introduction of new regulations governing the production and sale of canned and cured seafood. These regulations are designed to ensure that only safe and healthy products are made available to consumers.

The Vietnam canned and cured seafood market is expected to continue to grow in the coming years, thanks to these and other positive developments.

Vietnam Key Statistics

Vietnam is a Southeast Asian country with a population of over 90 million people. The capital city is Hanoi, and the official language is Vietnamese. The currency is the Vietnamese dong. Vietnam's economy has been growing rapidly in recent years, and the country is now one of the world's leading exporters of seafood. Seafood products make up a large part of Vietnam's export earnings, and the country is also a major producer of canned and cured seafood products.

The Vietnam canned and cured seafood industry has been growing rapidly in recent years. Production capacity has increased, and new factories have been built to meet rising demand. A number of foreign companies have invested in the Vietnamese canned and cured seafood industry, attracted by the country's low labour costs and favourable investment climate.

The Vietnam canned and cured seafood market is expected to continue growing in the future, driven by rising domestic consumption and exports.

Analysis Of Major Factors That Impact the Market

  • The canned and cured seafood market in Vietnam is impacted by a number of factors. One of the most important is the country's climate. Vietnam's tropical climate is conducive to the growth of a variety of seafood, which helps to keep prices down.
  • Another major factor that impacts the canned and cured seafood market in Vietnam is the country's proximity to China. China is a major producer of seafood, and much of it is exported to Vietnam. This cheap Chinese seafood often competes with more expensive Vietnamese seafood in the market.
  • Finally, the canned and cured seafood market in Vietnam is also impacted by the preferences of Vietnamese consumers. Many Vietnamese prefer to eat fresh seafood, rather than canned or cured seafood. This preference can limit the demand for canned and cured seafood products in Vietnam.

Future Trends for The Vietnam Canned and Cured Seafood Market

  • The future trends for this market include the development of new products with health benefits, the expansion of online sales channels, and an increase in marketing and promotional activities.
  • The growth of the canned and cured seafood market in Vietnam is driven by factors such as the growing popularity of healthy food options, increasing disposable incomes, and changing lifestyle patterns. The rising health consciousness among consumers is also driving the demand for canned and cured seafood.
  • However, the high cost of these products is restraining the growth of this market. In addition, the stringent regulations regarding food safety are also hampering the market growth.

Key Players in the Vietnam Canned and Cured Seafood Market

Some of the key players active in the market are:

  • Hai Thanh Seafood
  • Vinh Hoan Corporation
  • Ca Mau Seafood Company
  • CP Foods
  • Dongwon Industries

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Vietnam Canned and Cured Seafoods Market Outlook
  • Market Size of Vietnam Canned and Cured Seafoods Market, 2021
  • Forecast of Vietnam Canned and Cured Seafoods Market, 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Revenues & Volume for the Period 2018 - 2028
  • Vietnam Canned and Cured Seafoods Market Trend Evolution
  • Vietnam Canned and Cured Seafoods Market Drivers and Challenges
  • Vietnam Canned and Cured Seafoods Price Trends
  • Vietnam Canned and Cured Seafoods Porter's Five Forces
  • Vietnam Canned and Cured Seafoods Industry Life Cycle
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Product for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Tuna for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Salmon for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Sardines for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Other Fish for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Prawns for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Shrimps for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Other Seafood for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Convenience Store for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Canned and Cured Seafoods Market Revenues & Volume By Online for the Period 2018 - 2028
  • Vietnam Canned and Cured Seafoods Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Distribution Channel
  • Vietnam Canned and Cured Seafoods Top Companies Market Share
  • Vietnam Canned and Cured Seafoods Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Canned and Cured Seafoods Company Profiles
  • Vietnam Canned and Cured Seafoods Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product 

  • Tuna
  • Salmon
  • Sardines
  • Other Fish
  • Prawns
  • Shrimps
  • Other Seafood

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Store
  • Online
Vietnam Canned and Cured Seafoods Market: FAQs
Yes, the report includes the impact of coronavirus.
The market is driven by factors such as growing popularity of healthy food options, the increasing disposable incomes, and the changing lifestyle patterns.
Some of the key customers in the Vietnam Canned and Cured Seafood Market include Working Individuals, Restaurants, and Hotels.
The Vietnam Canned and Cured Seafood Market report covers 2022-2028 as the forecasted years.
Some of the key manufacturers are Hai Thanh Seafood, Vinh Hoan Corporation, CP Foods, Dongwon Industries and Ca Mau Seafood Company.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Vietnam Canned and Cured Seafoods Market Overview
3.1 Vietnam Country Macro Economic Indicators
3.2 Vietnam Canned and Cured Seafoods Market Revenues & Volume, 2021 & 2028F
3.3 Vietnam Canned and Cured Seafoods Market - Industry Life Cycle
3.4 Vietnam Canned and Cured Seafoods Market - Porter's Five Forces
3.5 Vietnam Canned and Cured Seafoods Market Revenues & Volume Share, By Product, 2021 & 2028F
3.6 Vietnam Canned and Cured Seafoods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F
4 Vietnam Canned and Cured Seafoods Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Vietnam Canned and Cured Seafoods Market Trends
6 Vietnam Canned and Cured Seafoods Market, By Types
6.1 Vietnam Canned and Cured Seafoods Market, By Product
6.1.1 Overview and Analysis
6.1.2 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Product, 2018 - 2028F
6.1.3 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Tuna, 2018 - 2028F
6.1.4 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Salmon, 2018 - 2028F
6.1.5 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Sardines, 2018 - 2028F
6.1.6 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Other Fish, 2018 - 2028F
6.1.7 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Prawns, 2018 - 2028F
6.1.8 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Shrimps, 2018 - 2028F
6.2 Vietnam Canned and Cured Seafoods Market, By Distribution Channel
6.2.1 Overview and Analysis
6.2.2 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Supermarkets & Hypermarkets, 2018 - 2028F
6.2.3 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Convenience Store, 2018 - 2028F
6.2.4 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Online, 2018 - 2028F
7 Vietnam Canned and Cured Seafoods Market Import-Export Trade Statistics
7.1 Vietnam Canned and Cured Seafoods Market Export to Major Countries
7.2 Vietnam Canned and Cured Seafoods Market Imports from Major Countries
8 Vietnam Canned and Cured Seafoods Market Key Performance Indicators
9 Vietnam Canned and Cured Seafoods Market - Opportunity Assessment
9.1 Vietnam Canned and Cured Seafoods Market Opportunity Assessment, By Product, 2021 & 2028F
9.2 Vietnam Canned and Cured Seafoods Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F
10 Vietnam Canned and Cured Seafoods Market - Competitive Landscape
10.1 Vietnam Canned and Cured Seafoods Market Revenue Share, By Companies, 2021
10.2 Vietnam Canned and Cured Seafoods Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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