Product Code: ETC387090 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The molluscs market in Vietnam encompasses a wide variety of shellfish, including clams, oysters, and snails. Vietnam has a long coastline and an extensive network of rivers, providing suitable habitats for mollusc farming. Over the years, the market for molluscs has grown steadily, with both domestic consumption and exports playing a significant role. Molluscs are not only a crucial part of Vietnamese cuisine but are also exported to international markets, particularly to neighboring countries. With increasing awareness of the health benefits of molluscs, this market is expected to continue its growth trajectory.
The Vietnam molluscs market is driven by several key factors. Firstly, molluscs such as clams, mussels, and oysters are highly regarded for their taste and nutritional value, contributing to their popularity among consumers. Secondly, Vietnam extensive coastline and favorable environmental conditions support the cultivation of molluscs, ensuring a stable supply. Advances in aquaculture practices and hatchery technology have improved production efficiency. Moreover, the export-oriented nature of the Vietnamese seafood industry has spurred investment in mollusc farming to meet international demand. Lastly, increased awareness of sustainable seafood practices has driven the adoption of responsible harvesting and farming methods in the molluscs industry, further fueling its growth.
The Vietnam molluscs market encounters various challenges, with environmental factors being a major concern. Pollution and habitat degradation in coastal areas can harm mollusc populations and affect their quality. Moreover, the market faces competition from imported mollusc products, which may be cheaper due to different production standards. Sustainable aquaculture practices and improved water quality management are crucial for addressing these issues and securing the future of the Vietnamese molluscs market.
The Vietnam molluscs market, which includes products like clams, snails, and other shellfish, faced significant challenges due to the COVID-19 pandemic. The closure of restaurants, hotels, and the decline in tourism had a direct impact on the demand for molluscs, as these are popular ingredients in many Vietnamese dishes. The disruption in the supply chain also posed challenges for mollusc farmers and suppliers. Many of them struggled to maintain their operations and ensure the safety of their workers during the pandemic. However, as Vietnam gradually recovered from the initial shock of the pandemic, the molluscs market showed signs of resilience. With the reopening of restaurants and an increasing focus on domestic tourism, demand began to pick up. Additionally, exporters adapted to changing international regulations and found new ways to access global markets, helping to stabilize the industry.
The Vietnam molluscs market is a thriving sector within the country`s seafood industry. Leading players in this market include established seafood processing companies like Vinh Hoan Corporation and Minh Phu Seafood Corporation. Vinh Hoan Corporation is renowned for its high-quality pangasius fish products, but it has also diversified into molluscs like clams and mussels. Minh Phu Seafood Corporation, on the other hand, specializes in shrimp production but has ventured into the molluscs segment, particularly with a focus on exports. These companies have gained prominence due to their commitment to sustainable practices and adherence to international quality standards.