Theo tin Technavio
November 21, 2016 SKU: IRTNTR10861 This market research study analyzes the leading vendors in the aquaculture market in Vietnam such as Camau Seafood, Dongnam Seafood, PhuongDong Seafood, Food Joint Stock, Hung Vuong Mekong, Minh Phu, Ngoc Sinh Seafood, Oriental Seafood, Quoc Viet, Saigon Seafood, SOC TRANG, Thuan Hung, Trong Nhan Seafood, Vinh Hoan, Cermaq, Nireus Aquaculture, and Thai Union Frozen Products. A competitive analysis of this market is also presented by product (freshwater fish, mollusks, and crustaceans). Overview of the aquaculture market in Vietnam According to the market research analysts at Technavio, the aquaculture market in Vietnam is anticipated to witness steady growth and will post a CAGR of close to 6% during the forecast period. With the significant increase in the export of fish and seafood products by Vietnam, the market is likely to have a positive outlook over the coming years. The Vietnamese Fisheries and Aquaculture Department (FAD) has recently reported that the country is the fifth largest exporter of aquaculture products in the world. Although the export of seafood declined considerably in 2015, during the first half of 2016, export remained high, and the market witnessed a healthy rise of 4% in exports over the same period. Also, the majority of the exporters are Hazard Analysis of Critical Control Points (HACCP) certified, and the others are Good Manufacturing Practices (GMP) certified, which further increases the credibility of the export market of the country. Furthermore, the Vietnamese government is planning to increase its marine aquaculture production and has set a target to produce about 200,000 metric tons of marine fish through aquaculture by 2020, which will boost this market’s growth over the next four years. One of the latest trends gaining traction in the market is the increasing use of sustainable practices owing to the increasing environmental concerns and awareness about the consequences of certain fishing techniques. The Vietnam government is following technical standards to reduce the casualties caused by growing instances of diseases and climate change, which includes product certification, farmers to use equipment that is product certified, among other initiatives. Moreover, the majority of vendors in the market are increasingly focusing on all aspects of aquaculture production, from the use of quality inputs to the efficient use of land, water, and energy resources. In addition, efforts are being directed to increase productivity and minimize the risk of diseases, pollution, and fish escapes, which will contribute to this growth of the aquaculture market in Vietnam in the coming years. Competitive landscape and key vendors The aquaculture market in Vietnam is highly fragmented and comprises a large number of small and medium-sized vendors, largely consisting of self-employed farmers. The aquaculture players in the market are constantly looking for ways to enhance their production techniques, in terms of efficiency and effectiveness. They are also paying increasing attention to improving the use of resources and human capacity. The vendors compete with each other on various factors such as price, quality, availability, and variety. However, the price is set to become a major base for competition, with players specializing in certain species to gain an edge in the market. The market is highly competitive with all the players competing to gain a greater market share. Intense competition, rapid advances in aquaculture techniques and technology, and changes in consumer preferences constitute significant risks for vendors. Key vendors in this market are – Camau Seafood Processing and Service Joint Dongnam Seafood PhuongDong Seafood Food Joint Stock Company Ca Mau Seafood Exports Hung Vuong Mekong Minh Phu Ngoc Sinh Seafood Oriental Seafood Quoc Viet Saigib Seafood SOC TRANG Seafood Joint Stock Company Thuan Hung Fisheries Company Trong Nhan Seafood Vinh Hoan Cermaq Nireus Aquaculture Thai Union Frozen Products Product segmentation and analysis of the aquaculture market in Vietnam Freshwater fish Mollusks Crustaceans Others During 2015, the freshwater fish segment was the highest revenue contributing product segment and is likely to dominate the market over the next few years. Pangasius accounts for the largest share of this segment has witnessed increased consumption in the last 20 years till 2015, followed by Carps. The growth of this segment is attributed to the low value and easy cultivation of this fish variety, which makes them a popular choice, especially in rural areas. Key questions answered in the report include What will the market size and the growth rate be in 2020? What are the key factors driving the aquaculture market in Vietnam? What are the key market trends impacting the growth of the aquaculture market in Vietnam? What are the challenges to market growth? Who are the key vendors in the aquaculture market in Vietnam? What are the market opportunities and threats faced by the vendors in the aquaculture market in Vietnam? What are the trending factors influencing the market shares of Vietnam? What are the key outcomes of the five forces analysis of the aquaculture market in Vietnam? Technavio also offers customization on reports based on specific client requirement.This market research study analyzes the leading vendors in the aquaculture market in Vietnam such as Camau Seafood, Dongnam Seafood, PhuongDong Seafood, Food Joint Stock, Hung Vuong Mekong, Minh Phu, Ngoc Sinh Seafood, Oriental Seafood, Quoc Viet, Saigon Seafood, SOC TRANG, Thuan Hung, Trong Nhan Seafood, Vinh Hoan, Cermaq, Nireus Aquaculture, and Thai Union Frozen Products. A competitive analysis of this market is also presented by product (freshwater fish, mollusks, and crustaceans). Table of Contents PART 01: Executive summary Highlights PART 02: Scope of the report Scope of study Vendor segmentation Common currency conversion rates PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Aquaculture environment Global aquaculture market Aquaculture market in APAC Aquaculture market in Vietnam Aquaculture market in Vietnam: Value chain Aquaculture distribution channels in Vietnam Export Five forces analysis PART 06: Market segmentation by product Market overview Freshwater fish market in Vietnam Crustaceans market in Vietnam Mollusks market in Vietnam Vietnam aquaculture market by others PART 07: Market drivers Infrastructure development initiatives Growing seafood and fish consumption Growth in exports PART 08: Impact of drivers PART 09: Market challenges Climate change High disease prevalence Lack of environmental and disease monitoring systems PART 10: Impact of drivers and challenges Impact of drivers and challenges PART 11: Market trends Production and distribution of seed and hygienic practices Improvements in postharvest practices and marketing Sustainable practices Intensification of aquaculture systems PART 12: Vendor landscape Competitive scenario Key vendor in the market PART 13: Appendix List of abbreviation PART 14: Explore Technavio List of Exhibits Exhibit 01: Fish consumption by various regions 2025 Exhibit 02: Aquaculture market in Vietnam market size derivation 2015 Exhibit 03: Standard conversion rates used in the report Exhibit 04: Categories of aquaculture Exhibit 05: Aquaculture environment and associated products Exhibit 06: Aquaculture species distribution Exhibit 07: Global aquaculture market 2015-2020 ($ billions) Exhibit 08: Global aquaculture market 2015-2020 (millions of metric tons) Exhibit 09: Production of fish species from inland aquaculture and marine and coastal aquaculture 2014 Exhibit 10: Aquaculture market in APAC 2015-2020 ($ billions) Exhibit 11: Aquaculture market in APAC 2015-2020 (Millions of metric tons) Exhibit 12: Potential area for aquaculture in Vietnam Exhibit 13: Distribution of coastal areas Exhibit 14: Vietnam aquaculture production by volume per province 2015 Exhibit 15: Aquaculture market in Vietnam 2015-2020 ($ billions) Exhibit 16: Growth of aquaculture in Vietnam versus other APAC countries 1995-2014 (millions of metric tons) Exhibit 17: Aquaculture market in Vietnam 2015-2020 (thousands of metric tons) Exhibit 18: Factors that drive aquaculture market in Vietnam Exhibit 19: PESTEL analysis of aquaculture market in Vietnam 2015 Exhibit 20: Aquaculture in Vietnam value chain analysis 2015 Exhibit 21: Major export destinations for seafood from Vietnam 2011-2015 ($ millions) Exhibit 22: Five forces analysis Exhibit 23: Aquaculture market in Vietnam by product: Overview Exhibit 24: Product distribution of Vietnam aquaculture 2015 Exhibit 25: Freshwater fish market in Vietnam 2015-2020 (thousands of metric tons) Exhibit 26: Crustaceans market in Vietnam 2015-2020 (thousands of metric tons) Exhibit 27: Mollusks market in Vietnam 2015-2020 (thousands of metric tons) Exhibit 28: Vietnam aquaculture market by others 2015-2020 (thousands of metric tons) Exhibit 29: Aquaculture market in Vietnam: Lucrativeness by product category 2020 Exhibit 30: Areas of investment and policies Exhibit 31: Segmentation of Vietnam seafood exports by product 2015-2020 Exhibit 32: Impact of driver Exhibit 33: Impact of climate change on aquaculture Exhibit 34: Prevalent diseases and their potential impact Exhibit 35: Impact of drivers and challenges Exhibit 36: Seed process
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