Vietnam Shrimp Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.33% (2024-2032)

Vietnam Shrimp Market Trends and Drivers

Expanding aquaculture infrastructure and increasing global demand for seafood are the factors responsible for the growth of the Vietnam shrimp market. The favorable geographical location of the country, including an extensive coastline and a tropical climate, provides an ideal environment for shrimp farming. Consequently, Vietnam has positioned itself as a leading exporter of shrimp, with rising demand from international markets such as the United States, Japan, and the European Union contributing substantially to industry expansion.

Moreover, the growing domestic demand for shrimp is also supporting market growth, as rising incomes and a preference for seafood in Vietnamese cuisine drive consumption. Restaurants, retail chains, and e-commerce platforms are also playing a significant role in making shrimp products more accessible to consumers. Additionally, the rising production of value-added shrimp products to meet changing consumer preferences is a significant growth-inducing factor.

Products such as shrimp-based snacks, pre-cooked meals, and frozen shrimp are gaining popularity in both domestic and international markets, driven by the rising demand for convenience foods. Furthermore, the shrimp industry is also expanding its presence in high-value markets through branding and marketing initiatives, highlighting the reputation of the country as a reliable and high-quality supplier.

Key trends in the Vietnam shrimp market include a growing emphasis on sustainability and product traceability. Consumers and international buyers are demanding eco-friendly and ethically sourced shrimp, prompting producers to adopt certified practices, such as the Aquaculture Stewardship Council (ASC). These certifications are enhancing the marketability of Vietnamese shrimp in premium segments.

Digital technologies such as IoT and AI are also being increasingly integrated into aquaculture operations to monitor water quality, optimize feeding schedules, and prevent diseases, ensuring consistent output and high-quality products. Additionally, the adoption of advanced farming techniques, including biofloc technology and recirculating aquaculture systems, is improving shrimp yield and quality.

Vietnamese producers are increasingly focusing on diversifying shrimp varieties, such as black tiger shrimp and white-leg shrimp, to cater to different market preferences. Furthermore, competitive production costs and a well-established supply chain are attracting foreign investments and boosting the global competitiveness of Vietnam in the shrimp market.

Other than this, government initiatives aimed at modernizing the aquaculture sector and supporting sustainable shrimp farming practices are further facilitating industry expansion. Investments in infrastructure development, such as cold storage facilities and processing plants, are enhancing the capacity of Vietnam to meet global standards and export requirements.

Vietnam Shrimp Market Segmentation

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Vietnam shrimp market size. It includes forecasts for 2024-2032 and historical data from 2018-2023 for the following segments.

Environment Insights:

• Farmed Shrimp
• Wild Shrimp

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Shrimp Size Insights:

• <21 
• 21-25
• 26-30  
• 31-40
• 41-50
• 51-60
• 61-70
• >70

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Regional Insights

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

For an in-depth analysis, you can refer to a sample copy of the report:

https://www.imarcgroup.com/vietnam-shrimp-market/requestsample

Competitor Landscape

The market research report provides a comprehensive analysis of the competitive landscape, including:

• Market Structure
• Key Player Positioning
• Top Winning Strategies
• Competitive Dashboard
• Company Evaluation Quadrant

Detailed profiles of all major companies have been provided in the report.

Other Key Areas Covered in the Report

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Developments

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

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