Product Code: ETC094309 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Shrimp Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 14.30% in 2025, climbs to a high of 15.89% in 2027, and moderates to 13.08% by 2029.
By 2027, the Shrimp market in Vietnam is anticipated to reach a growth rate of 15.89%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Vietnam Shrimp market is a vital component of the country`s seafood industry, contributing significantly to export revenue. Vietnam is renowned for its high-quality shrimp production, with a focus on both farmed and wild-caught varieties. The market is influenced by factors such as sustainable aquaculture practices, stringent quality standards, and global demand for premium shrimp products. With a commitment to meeting international standards and exploring new markets, the Vietnam Shrimp market is poised for continued growth as a major player in the global seafood trade.
Vietnam`s shrimp market is being propelled by its status as one of the world`s leading shrimp exporters. The country`s competitive advantage in shrimp production, thanks to favorable geographical conditions and technological advancements, is a significant driver. International demand for Vietnamese shrimp is growing due to its quality and safety standards. The government`s support for the shrimp industry and efforts to enhance production efficiency also contribute to the market`s growth.
The Vietnam Shrimp market faces challenges related to disease outbreaks in shrimp farms, environmental concerns, and international trade regulations. Shrimp farming is susceptible to diseases that can lead to significant production losses. Maintaining disease-free environments and sustainable farming practices is crucial but can be costly and complex. Furthermore, environmental concerns related to shrimp farming`s impact on coastal ecosystems and water quality necessitate responsible and eco-friendly practices. Compliance with international trade regulations, especially for exporting, can be burdensome due to various import standards and tariffs imposed by different countries.
The Vietnam Shrimp Market experienced disruptions during the COVID-19 pandemic, particularly in the export-oriented shrimp industry. Lockdowns, logistical challenges, and reduced demand from key international markets impacted shrimp farming and processing activities. However, the market also saw increased domestic consumption of shrimp as consumers turned to home-cooked meals. As global trade and economic activities resume, the Vietnam Shrimp Market is expected to recover, with a focus on adapting to changing consumer preferences and implementing measures to ensure the resilience of the shrimp farming sector.
In the Vietnam Shrimp market, major players such as OceanHarvest Seafoods and AquaMarine Exports are pivotal in driving the country`s thriving shrimp industry. These companies are recognized for their sustainable shrimp farming practices and adherence to quality standards, contributing to Vietnam`s position as a significant player in the global shrimp 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 Shrimp Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Shrimp Market - Industry Life Cycle |
3.4 Vietnam Shrimp Market - Porter's Five Forces |
3.5 Vietnam Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Vietnam Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Vietnam Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Vietnam Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Vietnam Shrimp Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Shrimp Market Trends |
6 Vietnam Shrimp Market, By Types |
6.1 Vietnam Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Shrimp Market Revenues & Volume, By Species, 2021-2031F |
6.1.3 Vietnam Shrimp Market Revenues & Volume, By Gulf Shrimps, 2021-2031F |
6.1.4 Vietnam Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2021-2031F |
6.1.5 Vietnam Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2021-2031F |
6.1.6 Vietnam Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2021-2031F |
6.1.7 Vietnam Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2021-2031F |
6.1.8 Vietnam Shrimp Market Revenues & Volume, By Blue Shrimps, 2021-2031F |
6.2 Vietnam Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Shrimp Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 Vietnam Shrimp Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Vietnam Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Shrimp Market Revenues & Volume, By Canned, 2021-2031F |
6.3.3 Vietnam Shrimp Market Revenues & Volume, By Breaded, 2021-2031F |
6.3.4 Vietnam Shrimp Market Revenues & Volume, By Peeled, 2021-2031F |
6.3.5 Vietnam Shrimp Market Revenues & Volume, By Cooked & Peeled, 2021-2031F |
6.3.6 Vietnam Shrimp Market Revenues & Volume, By Shell-On, 2021-2031F |
6.3.7 Vietnam Shrimp Market Revenues & Volume, By Frozen, 2021-2031F |
6.4 Vietnam Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Shrimp Market Revenues & Volume, By Direct, 2021-2031F |
6.4.3 Vietnam Shrimp Market Revenues & Volume, By Indirect, 2021-2031F |
6.5 Vietnam Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Shrimp Market Revenues & Volume, By Food, 2021-2031F |
6.5.3 Vietnam Shrimp Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.5.4 Vietnam Shrimp Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.5.5 Vietnam Shrimp Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.6 Vietnam Shrimp Market Revenues & Volume, By Biotechnology, 2021-2031F |
7 Vietnam Shrimp Market Import-Export Trade Statistics |
7.1 Vietnam Shrimp Market Export to Major Countries |
7.2 Vietnam Shrimp Market Imports from Major Countries |
8 Vietnam Shrimp Market Key Performance Indicators |
9 Vietnam Shrimp Market - Opportunity Assessment |
9.1 Vietnam Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Vietnam Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Vietnam Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Vietnam Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Vietnam Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Shrimp Market - Competitive Landscape |
10.1 Vietnam Shrimp Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |