Market Forecast By Product (Tuna, Salmon, Sardines, Prawns, Shrimps, Other Seafood), By Distribution Channel (Foodservices, Retail) And Competitive Landscape
Product Code: ETC285870 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Canned Seafood Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 34.20% in 2028, following an initial rate of 10.85%, before easing to 21.95% at the end of the period.
In the Asia region, the Canned Seafood market in Vietnam is projected to expand at a exponential growth rate of 32.53% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam canned seafood market is characterized by a burgeoning demand for convenient and shelf-stable seafood products. Consumers` busy lifestyles and a growing awareness of the nutritional benefits of seafood drive the market`s expansion. Key players are leveraging advanced processing technologies to enhance the quality and taste of canned seafood items. Furthermore, the market is influenced by sustainable sourcing practices and regulatory standards. The increasing popularity of canned seafood as a convenient protein source indicates a promising outlook for the market, with opportunities for innovation and market penetration.
The Vietnam canned seafood market is experiencing a surge in demand, primarily fueled by the growing awareness of the convenience and nutritional benefits of canned seafood products. The market is also driven by the rising health consciousness among consumers who seek protein-rich and easily accessible food options. Increased urbanization and hectic lifestyles have led to a shift in consumer preferences towards convenient and ready-to-eat products, boosting the canned seafood market. Moreover, the expansion of distribution channels and strategic collaborations in the supply chain are contributing factors in the market`s positive trajectory.
The Vietnam Canned Seafood market contends with challenges stemming from global sustainability concerns and environmental regulations. Overfishing and unethical fishing practices pose threats to the long-term availability of seafood resources, impacting the supply chain for canned seafood products. Additionally, stringent regulations on packaging materials and processes to ensure food safety further add complexity to the industry. Manufacturers need to invest in sustainable sourcing practices, adopt eco-friendly packaging, and comply with evolving regulations to address these challenges and maintain consumer trust.
The COVID-19 pandemic had a multifaceted impact on the Vietnam Canned Seafood market. Disruptions in the supply chain, including issues related to sourcing raw materials and processing, influenced the production and availability of canned seafood products. With a decline in global trade and logistical challenges, the export-oriented market segment faced headwinds. However, the domestic market saw a shift in consumer preferences towards shelf-stable and long-lasting products, leading to increased demand for canned seafood. As the market adapted to the new normal, addressing safety concerns, enhancing online presence, and exploring innovative packaging solutions became critical for sustained growth.
In the Vietnam Canned Seafood market, key players include Vinh Hoan Corporation, Minh Phu Seafood Corporation, and Nutifood. Vinh Hoan Corporation is a major player, renowned for its premium canned seafood products and sustainable practices. Minh Phu Seafood Corporation, a leading exporter of seafood, holds a prominent position in the market with its diverse range of canned seafood offerings. Nutifood, with its focus on quality and nutritional value, is a key player contributing to the growth of the Vietnam Canned Seafood market.
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 Seafood Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Canned Seafood Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Canned Seafood Market - Industry Life Cycle |
3.4 Vietnam Canned Seafood Market - Porter's Five Forces |
3.5 Vietnam Canned Seafood Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Vietnam Canned Seafood Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Canned Seafood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Canned Seafood Market Trends |
6 Vietnam Canned Seafood Market, By Types |
6.1 Vietnam Canned Seafood Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Canned Seafood Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Vietnam Canned Seafood Market Revenues & Volume, By Tuna, 2021-2031F |
6.1.4 Vietnam Canned Seafood Market Revenues & Volume, By Salmon, 2021-2031F |
6.1.5 Vietnam Canned Seafood Market Revenues & Volume, By Sardines, 2021-2031F |
6.1.6 Vietnam Canned Seafood Market Revenues & Volume, By Prawns, 2021-2031F |
6.1.7 Vietnam Canned Seafood Market Revenues & Volume, By Shrimps, 2021-2031F |
6.1.8 Vietnam Canned Seafood Market Revenues & Volume, By Other Seafood, 2021-2031F |
6.2 Vietnam Canned Seafood Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Canned Seafood Market Revenues & Volume, By Foodservices, 2021-2031F |
6.2.3 Vietnam Canned Seafood Market Revenues & Volume, By Retail, 2021-2031F |
7 Vietnam Canned Seafood Market Import-Export Trade Statistics |
7.1 Vietnam Canned Seafood Market Export to Major Countries |
7.2 Vietnam Canned Seafood Market Imports from Major Countries |
8 Vietnam Canned Seafood Market Key Performance Indicators |
9 Vietnam Canned Seafood Market - Opportunity Assessment |
9.1 Vietnam Canned Seafood Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Vietnam Canned Seafood Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Canned Seafood Market - Competitive Landscape |
10.1 Vietnam Canned Seafood Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Canned Seafood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |