Vietnam Shrimp Market Analysis Report, Size, Share, Trends & Demand 2024-2032

IMARC Group has published a market research report titled "Vietnam Shrimp Market Report by Environment (Farmed Shrimp, Wild Shrimp), Specie (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Shrimp Size (<21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, >70), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Sales, and Others), and Region 2024-2032" Vietnam shrimp market size is projected to exhibit a growth rate (CAGR) of 2.33% during 2024-2032.

The strong position of the country as one of the leading shrimp exporters and the increasing global demand for seafood, are the factors responsible for the growth of the Vietnam shrimp market. Additionally, the presence of favorable geographical conditions for shrimp farming, along with advancements in aquaculture technologies, has enabled the country to boost its shrimp production efficiently, which is fueling the market. This growth is further supported by governmental initiatives aimed at expanding export markets and improving the quality and sustainability of shrimp farming practices. Besides this, the rising health consciousness among consumers worldwide, who are seeking protein-rich and healthy food options, has also played a crucial role in driving the demand for shrimp in Vietnam. Moreover, the shrimp industry in Vietnam has adapted to global quality standards and certifications, which has helped enhance the reputation and trust of shrimp products in international markets, which is contributing to the expansion of the market. 

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Vietnam Shrimp Market Trends and Drivers:

A growing emphasis on sustainable and eco-friendly farming practices in response to the increasing consumer and international demand for responsibly sourced seafood is further augmenting the Vietnam shrimp market. In addition to this, the adoption of advanced aquaculture techniques, including biofloc technology and recirculating aquaculture systems (RAS), is on the rise, aiming to minimize environmental impact while maximizing production efficiency, thereby escalating the market. Furthermore, the elevating need for value-added shrimp products, such as ready-to-eat and ready-to-cook options, caters to the convenience sought by consumers worldwide, which is anticipated to drive the Vietnam shrimp market in the coming years.

Leading Companies Operating in the Vietnam Shrimp Industry:

Ca Mau Seafood Processing and Service Joint Stock Corporation

Minh Phu Seafood Joint Stock Company

Quoc Viet Co. Ltd.

Sao Ta Foods Joint Stock Company

Seaprimexco Vietnam

Report Segmentation:

The report has segmented the market into the following categories:

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

Note: 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.

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