Vietnam Aquatic Feed Market, By Feed Type (Fish, Mollusks, Crustaceans {Shrimps}, Others) By Ingredient (Grain and Cereals, Soybean, Fish meal, Additives, Fish Oil, Others) By Form, By Company By Region, Competition Forecast & Opportunities, 2027

Report
74 Pages
July 2022
Region: Vietnam
TechSci Research
ID: 5632970

The Vietnam Aquatic Feed market is expected to witness growth with an impressive CAGR in the forecast period, 2023-2027

The Vietnam Aquatic Feed market is expected to witness growth with an impressive CAGR in the forecast period, 2023-2027. All kinds of aquatic creatures that are inbred by the providers for use as food, pets, and exports are fed on aquatic feed. The animals are grown, and fed with aquatic foods that contain additives. These aquatic creatures can be divided into fresh, frozen, and preserved varieties. To lessen the impact of the environment on aquatic animals, the government is assisting in the supply of healthier feed for the animals.

The market is driven by ongoing aquaculture and pisciculture trends and the high consumption of fish and shrimp in the country. One of the biggest exporters of seafood to nations like Japan, Russia, etc., is Vietnam. During the forecast period, the inbreeding culture of fish and other aquatic animals would improve due to the demand for export.

The consumption patterns of both the Vietnamese people and those of the importing nations have a significant impact on the development of the aquatic feed market in Vietnam between 2023 and 2027.

The Vietnam aquatic feed market is segmented into feed type, ingredient, form,

Competitive Landscape

, and regional distribution. Based on feed type, the market is fragmented into fish, mollusks, crustaceans {shrimps}, and others. The fish feed segment is expected to capture the highest market share in the forecast period, 2023-2027. Due to the population's preference for eating fish, which is also a major source of protein, the demand for fish is increasing at a significant rate. The other factor driving the demand for fish is its easy availability and ease of cooking, and that it adds variety to the diet of an individual.
The major market players operating in Vietnam aquatic feed market are Archer Daniels Midland Co., Cargill Vietnam Ltd., Nutreco International (Vietnam) Ltd., BASF Vietnam Co. Ltd - Chi Nhánh Bình Duong, Biomin Vietnam Co., Ltd, INVE Aquaculture Inc., ANVET PHARMA JSC, GreenFeed Vietnam Corp, De Heus Vietnam, Alltech Inc., among others.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze the historical growth in the market size of Vietnam aquatic feed market from 2017 to 2021.
To estimate and forecast the market size of Vietnam aquatic feed market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast Vietnam aquatic feed market based on feed type, ingredient, form, and regional distribution.
To identify dominant region or segment in the Vietnam aquatic feed market.
To identify drivers and challenges for Vietnam aquatic feed market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam aquatic feed market.
To identify and analyze the profile of leading players operating in Vietnam aquatic feed market.
To identify key sustainable strategies adopted by market players in Vietnam aquatic feed market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufactures which could not be identified due to the limitations of secondary research. The publisher analyzed the manufactures, distribution channels and presence of all major players across the country.

The publisher calculated the market size of Vietnam aquatic feed market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

Aquatic feed manufacturers, and other stakeholders
Distributers and suppliers of aquatic feeds and other stakeholders
Organizations, forums and alliances related to aquatic feed
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam aquatic feed market has been segmented into following categories, in addition to the industry trends which have also been detailed below: