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 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Canned and Cured Seafoods Market report thoroughly covers the market by Product, and By Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Vietnam canned and cured seafoods market is witnessing steady growth, propelled by the demand for easy-to-cook seafood options and increasing health consciousness among consumers. The market consists of various products such as Tuna, Salmon, Sardines, Other Fish, Prawns, Shrimps, and Other Seafood, catering to diverse consumer preferences. With the expansion of Vietnam's economy and the rise of a health-conscious consumer base, canned and cured seafoods have become essential in daily diets, supporting a dynamic food industry. Innovation in packaging and product diversification remain at the forefront, positioning the sector for significant growth in the coming years.
According to 6Wresearch, the Vietnam Canned and Cured Seafoods Market revenue is projected to grow at a significant CAGR of 4% during the forecast period 2025-2031. The canned and cured seafoods market in Vietnam is thriving due to increased demand across various households and restaurants, driven by the need for convenient and healthy food alternatives. Advances in packaging technology and the rising preference for protein-rich foods are fuelling this growth. As retailers and consumers seek versatile, high-quality canned and cured seafood products, the market is seeing a steady increase in demand for popular items like Tuna, Salmon, and Sardines. This trend highlights the critical role of ongoing innovation to meet the evolving needs of diverse consumers, further boosting Vietnam's Canned and Cured Seafoods Market growth. Despite the positive outlook, the market faces challenges such as the perception of canned foods being less healthy than fresh ones and a lack of awareness about the benefits of canned and cured seafoods. However, with growing health consciousness, increasing urbanization, and the convenience of canned foods, there are ample growth opportunities for players in this market.
The canned and cured seafoods market in Vietnam is experiencing notable growth, driven by increasing health consciousness, demand for convenience foods, and changing dietary habits. Consumers are demanding high-quality canned seafood products that balance nutrition with convenience, especially in urban areas. This includes a preference for sustainably sourced seafood products that promote health and wellbeing, reflecting a growing interest in health and quality over traditional food consumption patterns.
In the Vietnam canned and cured seafoods market, leading players include both international and regional companies that cater to diverse consumer needs. International brands such as Bumble Bee Foods, Chicken of the Sea, and StarKist dominate the market, offering high-quality and diverse seafood products. Meanwhile, regional producers are gaining traction by providing locally sourced and customized seafood products tailored to the Vietnamese market. These providers appeal to consumers seeking reliable, nutritious, and convenient seafood solutions.
Government regulations play a pivotal role in shaping the Vietnam canned and cured seafoods market. Strict compliance with food safety standards, quality control measures, and export regulations ensures that products meet both domestic and international requirements. Vietnam's regulatory authorities, such as the Ministry of Agriculture and Rural Development (MARD), enforce policies to maintain sustainable fishing practices and limit overfishing, which directly influences the supply chain. Additionally, adherence to global standards like HACCP (Hazard Analysis and Critical Control Points) is mandated for canned and cured seafood exporters. These regulations not only enhance the reputation of Vietnam's seafood industry but also help maintain stable trade relationships in key markets like the European Union and the United States.
The Vietnam canned and cured seafoods market is poised for significant growth in the coming years. Increasing global demand for convenient, ready-to-eat protein sources is driving the market forward. Innovations in packaging and product diversification, such as the introduction of organic and sustainably sourced options, are also expected to attract health-conscious consumers worldwide. Furthermore, advancements in cold storage and logistics infrastructure are likely to strengthen Vietnam's competitiveness in global markets. With continued government support, coupled with strong demand for high-quality and sustainably produced seafood, the market is anticipated to expand further, positioning Vietnam as a leading player in this sector.
The report offers a comprehensive study of the subsequent market segments and their leading categories
According to Ravi Bhandari, Research Head, 6Wresearch, Tuna is projected to dominate due to its popularity and nutritional benefits. However, other products like Salmon, Sardines, and Prawns are also gaining traction due to diverse consumer preferences.
In Vietnam’s canned and cured seafoods market, supermarkets and hypermarkets dominate due to their wide range of products and accessible locations. However, online sales channels are also seeing substantial growth due to the convenience and variety they offer to consumers.
The report offers a comprehensive study of the subsequent market segments:
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 & 2031F |
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 & 2031F |
3.6 Vietnam Canned and Cured Seafoods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
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, 2021 - 2031F |
6.1.3 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Tuna, 2021 - 2031F |
6.1.4 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Salmon, 2021 - 2031F |
6.1.5 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Sardines, 2021 - 2031F |
6.1.6 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Other Fish, 2021 - 2031F |
6.1.7 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Prawns, 2021 - 2031F |
6.1.8 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Shrimps, 2021 - 2031F |
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, 2021 - 2031F |
6.2.3 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Convenience Store, 2021 - 2031F |
6.2.4 Vietnam Canned and Cured Seafoods Market Revenues & Volume, By Online, 2021 - 2031F |
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 & 2031F |
9.2 Vietnam Canned and Cured Seafoods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Canned and Cured Seafoods Market - Competitive Landscape |
10.1 Vietnam Canned and Cured Seafoods Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Canned and Cured Seafoods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |