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Vietnam Shrimp Market 2025-2033
According to IMARC Group's 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 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
How Big is the Vietnam Shrimp Industry ?
Vietnam shrimp market size was valued at USD 360.0 Million in 2024 and expects the market to reach USD 500.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033.
Vietnam Shrimp Market Trends:
The Vietnamese shrimp sector is witnessing dynamic trends driven by the growing demand for seafood across the world and better aquaculture practices. The growing application of sustainable and eco-friendly shrimp farming technologies, such as biofloc technology and integrated multi-trophic aquaculture (IMTA), that reduce the environmental impact and increase output is one of the key trends. In addition, value-added shrimp products, such as peeled, cooked, and frozen shrimp, are meeting the consumers' and foodservice operators' demand for convenience.
Moreover, the integration of digital technologies such as IoT and AI is enhancing the efficiency in shrimp farming since it makes it possible to monitor water quality, feeding, and disease control in real time. In essence, the market trend for organic and antibiotic-free shrimp is growing, with food safety and health being a major concern for consumers. Furthermore, the increased focus on traceability and certification is growing Vietnamese shrimp products' consumer trust through quality and sustainability assurance. All these trends reflect a market transforming to respond to the needs of the world while focusing on sustainability, innovation, and quality.
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Vietnam Shrimp Market Scope and Growth Analysis:
The Vietnamese shrimp market is poised for significant growth supported by the geopolitically strategic location of the country and dynamic export-oriented aquaculture industry. Rising demand from overseas markets, particularly in the United States, Europe, and Japan, are stimulating production and export. Domestic and international companies are also transforming the competitive dynamics as they turn their focus towards product innovation, sustainability, and quality control to increase their market share.
Moreover, the government's supportive policies, including investments in research and infrastructure, are conducive to the market-friendly climate for growth. Basically, the increasing awareness of the value of Vietnamese shrimp, i.e., competitive price and high quality, is compelling international buyers to buy from Vietnam. Moreover, the increased application of high-tech farming and the cultivation of new varieties of shrimp are enhancing the efficiency of production and product quality. Overall, the Vietnam shrimp industry is set to experience sustained growth on the strength of favorable economic trends, global demand, and strong focus on sustainability and innovation.
Competitor Landscape:
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
Vietnam Shrimp Industry 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
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 & Development
Ask an analyst: https://www.imarcgroup.com/request?type=report&id=19477&flag=C
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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