Vietnam Aquafeed Market Trends, Scope, Demand, Opportunity and Forecast by 2022-2027

 The latest report by IMARC Group, titled Vietnam Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Vietnam market reached a value of US$ 280.4 Million in 2021. Aquafeed is a compounded meal that is used to feed various aquatic animals like fish, crustaceans, and mollusks. It is produced from a mixture of additives, other supplements, and raw materials such as soybean meal, fishmeal, fish oil, and carp, depending on the age and requirement of the species. Aquafeed offers high nutritional value, growth-promoting, and immune-resistant benefits to aquatic animals. It also mitigates the effects of stress, decreases susceptibility to diseases, and enhances immunity among sea animals.

Vietnam Aquafeed Market

Request Free Report Sample: https://www.imarcgroup.com/vietnam-aquafeed-market/requestsample

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. 

Vietnam Aquafeed Market Trends: 

Vietnam is one of the largest aquaculture markets, with a high production volume of shrimp, pangasius, tuna, and marine fish. The market is primarily driven by the growing consumption of seafood among individuals, owing to the inflating per capita income level. Besides this, fish is widely preferred as a source of protein compared to cattle and poultry due to its low-fat, and high protein and vitamin content. As a result, the has been a rising demand for high-quality seafood products, which is propelling the market growth. Moreover, the market is also driven by the rising adoption of modern feeding practices and advancements in feed manufacturing technology. Furthermore, the introduction of new market players and the expansion of production capacities are also creating a positive outlook for the market. Looking forward, the Vietnam aquafeed market value is expected to reach US$ 513.5 Million by 2027, exhibiting a CAGR of 10.62% during the forecast period (2022-2027).

Checkout Now: https://www.imarcgroup.com/checkout?id=1264&method=1

Market Summary: 

  • Based on the ingredient, the market has been segmented into grains and cereals, soybean, fish meal, additives, fish oil, and others.
  • On the basis of the additive, the market has been classified into amino acids, antibiotics, vitamins, feed acidifiers, and others.
  • The market has been categorized based on the product form into pellets, extruded, powdered, and liquid.
  • On the basis of the end user, the market has been segregated into catfish, shrimp, mollusks, tilapia, carps, salmon, and others.
  • Based on the distribution channel, the market has been segmented into direct to farmers, local wholesalers, exports, and others.
  • Region-wise, the market has been divided into Southern, Northern, and Central Vietnam.
  • The competitive landscape of the market has been examined, with some of the key players being Cargill Incorporated, De Heus Voeders B.V., Proconco, GreenFeed Vietnam Corp., The Charoen Pokphand (CP) Group, and Uni President Vietnam Corporation Limited.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/vietnam-aquafeed-market

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Leave a Reply