Vietnam Fish Market (2023-2029) | Trends, Growth, Value, Share, Revenue, Industry, Analysis, Companies, COVID-19 IMPACT, Forecast & Size

Topics Covered in the Vietnam Fish Market

Vietnam Fish Market report thoroughly covers the market by fish type, by product type, by distribution channel, and by sector. The market outlook 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.

Vietnam Fish Market Synopsis

Vietnam Fish Market is a vital component of the country's economy and plays a significant role in both domestic consumption and international trade. Vietnam boasts a diverse range of fisheries, including both marine and freshwater species. The country has a long coastline and an extensive network of rivers, providing favorable conditions for various fish species. The Vietnam fish market includes various species such as shrimp, tuna, squid, and a variety of other marine and freshwater fish. Also, the country has a well-established fish processing industry that prepares and exports a range of seafood products, including frozen and processed fish, shrimp, and other value-added products.

According to 6Wresearch, the Vietnam Fish Market Size is projected to grow by 20.89% resulting in a market volume of US $279.67m during the forecast period of 2023-2029.  The Vietnam Fish Market Growth is driven by an increasing global demand for seafood products. With a rich coastal ecosystem and a long tradition of fishing, Vietnam has emerged as a major player in the global seafood market. This has led to a surge in both export and domestic consumption, creating a robust foundation for the industry's expansion. Furthermore, advancements in technology have revolutionized the fishing and aquaculture practices in Vietnam.

However, the Vietnam Fish Industry is currently facing a complex array of challenges, as well as promising prospects. One of the major threats is the increasing pressure on natural resources, driven by overfishing and environmental degradation. This has led to declining fish stocks and disruptions in the delicate balance of aquatic ecosystems. Additionally, climate change poses a significant threat to the industry, with rising sea levels and unpredictable weather patterns affecting both fish populations and the livelihoods of local fishermen. On the other hand, there are several encouraging trends in the market. The growing demand for seafood, both domestically and internationally, presents a significant opportunity for the industry to expand and diversify. Technological advancements in aquaculture and fish processing are also enhancing productivity and quality standards. 

Government policies and schemes introduced in the Vietnam Fish Market 

Vietnam has implemented measures to combat IUU fishing, including stricter enforcement and enhanced traceability systems. The government has introduced strategies to promote sustainable and efficient aquaculture practices, with a focus on improving production techniques and ensuring environmental sustainability. Various trade promotion initiatives and agreements have been established to facilitate the export of seafood products of Vietnam to international markets.

Market analysis by Product Type

According to Shivankar, Research Manager, 6Wresearch, the frozen fish segment is experiencing substantial growth, driven by the expansion of modern retail and the demand for convenient, longer-lasting fish products.

Market Analysis by Distribution Channel

By Distribution Channel, the retail segment is dominating the Vietnam Fish Market Share due to urbanization and changing consumer preferences. 

Leading players in the Vietnam Fish Market

The fish market involves a multitude of players, including both large companies and smaller enterprises. Some of the key players in the Vietnam fish market include:

• Minh Phu Seafood Corporation
• Thuan Phuoc Seafoods and Trading Corporation
• Vietnam Association of Seafood Exporters and Producers (VASEP)

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Vietnam Fish Market Outlook
• Market Size of Vietnam Fish Market, 2022
• Forecast of Vietnam Fish Market, 2029
• Historical Data and Forecast of Vietnam Fish Revenues & Volume for the Period 2019-2029
• Vietnam Fish Market Trend Evolution
• Vietnam Fish Market Drivers and Challenges
• Vietnam Fish Price Trends
• Vietnam Fish Porter's Five Forces
• Vietnam Fish Industry Life Cycle
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Fish Type for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Inland Fishes for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Marine Fishes for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Shrimps for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Scampi for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Product Type for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Fresh for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Frozen for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Canned for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Others for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Distribution Channel for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Retail for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Institutional for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Sector for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Organised for the Period 2019-2029
• Historical Data and Forecast of Vietnam Fish Market Revenues & Volume By Unorganised for the Period 2019-2029
• Vietnam Fish Import Export Trade Statistics
• Market Opportunity Assessment By Fish Type
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By Sector
• Vietnam Fish Top Companies Market Share
• Vietnam Fish Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Fish Company Profiles
• Vietnam Fish Key Strategic Recommendations

Market Covered

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

By Fish Type

• Inland Fishes
• Marine Fishes
• Shrimps
• Scampi

By Product Type

• Fresh
• Frozen
• Canned
• Others

By Distribution Channel

• Retail
• Institutional
• By Sector
• Organised
• Unorganised

Vietnam Fish Market (2023-2029): FAQs