| Product Code: ETC10074144 | Publication Date: Sep 2024 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam fish meal market is experiencing steady growth driven by the country`s increasing aquaculture industry. Fish meal, a valuable protein source in aquafeed, is in high demand due to the rising consumption of seafood domestically and for export. The market is competitive with both domestic and international players offering a wide range of fish meal products to meet the diverse needs of aquaculture farmers. Key factors influencing the market include government regulations on sustainable fishing practices, fluctuating raw material prices, and the impact of diseases on fish populations. As Vietnam continues to invest in aquaculture development and modernize its fish meal production processes, the market is expected to expand further, presenting opportunities for both existing and new entrants in the industry.
The Vietnam Fish Meal Market is experiencing growth due to increasing demand for high-protein animal feed in the livestock and aquaculture industries. The market is also benefiting from the rising popularity of fish meal as a sustainable and nutritious ingredient. With Vietnam being one of the world`s leading producers of seafood, there is a strong supply of raw materials for fish meal production, creating opportunities for further market expansion. Additionally, the growing awareness of the benefits of fish meal in promoting animal growth and health is driving demand among farmers and feed manufacturers. Overall, the Vietnam Fish Meal Market is poised for continued growth and presents opportunities for investment and innovation in the sector.
In the Vietnam Fish Meal Market, challenges include fluctuations in raw material availability, such as fish waste and byproducts, which can impact production levels and prices. The industry also faces competition from other feed ingredients, such as soybean meal, which can affect demand for fish meal products. Quality control and consistency in fish meal production are crucial to meet the nutritional requirements of aquafeed manufacturers, posing a challenge due to variations in processing techniques and sources of raw materials. Additionally, environmental concerns and regulations regarding overfishing and sustainability of fish stocks can influence the supply chain and sourcing practices within the market. Overall, navigating these challenges requires market players to adapt to changing conditions, invest in sustainable practices, and maintain high product standards to remain competitive in the Vietnam Fish Meal Market.
The Vietnam Fish Meal Market is primarily driven by the rapid growth of the aquaculture industry in the region, leading to increased demand for high-quality fish meal as a key source of protein in aquafeed. The rising disposable income of consumers in Vietnam has also contributed to the growing demand for seafood products, further boosting the need for fish meal as a feed ingredient. Additionally, the focus on sustainable and environmentally friendly practices in aquaculture is driving the adoption of fish meal sourced from responsibly managed fisheries. Government initiatives supporting the development of the aquaculture sector and increasing investments in fish meal production facilities are expected to fuel the growth of the Vietnam Fish Meal Market in the coming years.
Government policies related to the Vietnam Fish Meal Market include regulations on fishing quotas, sustainability practices, and food safety standards. The government has implemented measures to control overfishing and ensure the long-term viability of fish stocks. Additionally, there are strict guidelines in place to monitor the production and distribution of fish meal to maintain quality and safety for consumers. Authorities also enforce regulations to promote sustainable fishing practices and reduce environmental impacts. Overall, the government`s policies aim to support the growth of the Vietnam Fish Meal Market while protecting the environment and ensuring the health and safety of consumers.
The Vietnam Fish Meal Market is expected to witness steady growth in the coming years, driven by the increasing demand for fish meal as a key ingredient in aquaculture feed production. With Vietnam being one of the top seafood exporters in the world, the domestic fish meal market is likely to benefit from the strong presence of the aquaculture industry in the country. Furthermore, the rising awareness about the nutritional benefits of fish meal in animal feed formulations is anticipated to boost market growth. However, challenges such as fluctuating raw material prices and environmental concerns related to overfishing could potentially impact the market dynamics. Overall, the Vietnam Fish Meal Market is poised for growth, supported by the expanding aquaculture sector and the increasing focus on sustainable feed ingredients.
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 Fish Meal Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Fish Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Fish Meal Market - Industry Life Cycle |
3.4 Vietnam Fish Meal Market - Porter's Five Forces |
3.5 Vietnam Fish Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Vietnam Fish Meal Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Vietnam Fish Meal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Vietnam Fish Meal Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.9 Vietnam Fish Meal Market Revenues & Volume Share, By Source of Species, 2021 & 2031F |
3.10 Vietnam Fish Meal Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Vietnam Fish Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Fish Meal Market Trends |
6 Vietnam Fish Meal Market, By Types |
6.1 Vietnam Fish Meal Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Fish Meal Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Vietnam Fish Meal Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.1.4 Vietnam Fish Meal Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.1.5 Vietnam Fish Meal Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.6 Vietnam Fish Meal Market Revenues & Volume, By Fertilisers, 2021- 2031F |
6.2 Vietnam Fish Meal Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Fish Meal Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.3 Vietnam Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Vietnam Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Vietnam Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Vietnam Fish Meal Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Fish Meal Market Revenues & Volume, By Salmon and Trout, 2021- 2031F |
6.3.3 Vietnam Fish Meal Market Revenues & Volume, By Marine Fish, 2021- 2031F |
6.3.4 Vietnam Fish Meal Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.3.5 Vietnam Fish Meal Market Revenues & Volume, By Tilapia, 2021- 2031F |
6.3.6 Vietnam Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Vietnam Fish Meal Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Fish Meal Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Vietnam Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.4 Vietnam Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.5 Vietnam Fish Meal Market Revenues & Volume, By Aquatic Animals, 2021- 2031F |
6.4.6 Vietnam Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Vietnam Fish Meal Market, By Source of Species |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Fish Meal Market Revenues & Volume, By Anchovy, 2021- 2031F |
6.5.3 Vietnam Fish Meal Market Revenues & Volume, By Blue Whiting, 2021- 2031F |
6.5.4 Vietnam Fish Meal Market Revenues & Volume, By Sardines, 2021- 2031F |
6.5.5 Vietnam Fish Meal Market Revenues & Volume, By Norway Pout, 2021- 2031F |
6.5.6 Vietnam Fish Meal Market Revenues & Volume, By Send eel, 2021- 2031F |
6.5.7 Vietnam Fish Meal Market Revenues & Volume, By Sprat, 2021- 2031F |
6.6 Vietnam Fish Meal Market, By Nature |
6.6.1 Overview and Analysis |
6.6.2 Vietnam Fish Meal Market Revenues & Volume, By Organic, 2021- 2031F |
6.6.3 Vietnam Fish Meal Market Revenues & Volume, By Conventional, 2021- 2031F |
7 Vietnam Fish Meal Market Import-Export Trade Statistics |
7.1 Vietnam Fish Meal Market Export to Major Countries |
7.2 Vietnam Fish Meal Market Imports from Major Countries |
8 Vietnam Fish Meal Market Key Performance Indicators |
9 Vietnam Fish Meal Market - Opportunity Assessment |
9.1 Vietnam Fish Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Vietnam Fish Meal Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Vietnam Fish Meal Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Vietnam Fish Meal Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.5 Vietnam Fish Meal Market Opportunity Assessment, By Source of Species, 2021 & 2031F |
9.6 Vietnam Fish Meal Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Vietnam Fish Meal Market - Competitive Landscape |
10.1 Vietnam Fish Meal Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Fish Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |