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| Title | Vietnam Seafood Market Size, Share, Industry Trends, Growth and Report 2025-2033 |
|---|---|
| Category | Business --> Business and Society |
| Meta Keywords | Vietnam Seafood Market |
| Owner | Rahul Kumar |
| Description | |
| Vietnam Seafood Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 1,480.9 Million Market Forecast in 2033: USD 1,874.0 Million Market Growth Rate (2025-33): 2.65% Vietnam seafood market size reached USD 1,480.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,874.0 Million by 2033, exhibiting a growth rate (CAGR) of 2.65% during 2025-2033. The market is thriving due to abundant natural resources, low-cost skilled labor, and strong export demand. Growth is driven by e-commerce expansion, technological adoption, government support, and global partnerships, boosting competitiveness and ensuring sustainable industry practices. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vietnam-seafood-market/requestsample Vietnam Seafood Market Trends and Drivers: Vietnam’s seafood sector is experiencing transformative growth driven by stringent sustainability commitments and traceability advancements, positioning it as a global leader in responsible aquaculture. Producers are rapidly adopting blockchain technology for supply chain transparency, with 65% of major exporters now certified by international standards like ASC and BAP—a 20% YoY increase. This shift responds to escalating EU and U.S. regulations, where 78% of buyers demand eco-certification. Climate-resilient practices, such as recirculating aquaculture systems (RAS), reduce water usage by 40% and disease outbreaks by 30%, enhancing productivity. Vietnam’s pangasius and shrimp exports surged to $9.4 billion in 2024, fueled by ethical sourcing trends. Future demand hinges on circular economy models, including byproduct valorization (e.g., collagen extraction from fish skin), projected to unlock $500 million in added revenue by 2027. Vietnam’s domestic seafood market is expanding at 12% CAGR, propelled by rising middle-class purchasing power and health-conscious urbanization. Retail sales of premium products like ready-to-cook shrimp and value-added surimi reached $2.1 billion in 2024, with e-commerce platforms capturing 35% of distribution—up from 18% pre-pandemic. Innovations include algae-based omega-3 supplements and clean-label frozen meals targeting millennials. Omnichannel retail strategies, blending wet markets with app-based delivery, boost accessibility; 60% of consumers now prioritize locally sourced, traceable products. The government’s "National Nutrition Strategy" further amplifies demand, integrating seafood into school meal programs. With disposable incomes doubling since 2020, Vietnam’s per capita seafood consumption is set to hit 45kg annually by 2027, signaling robust long-term growth. Vietnam’s aquaculture sector is leveraging Industry 4.0 solutions to overcome productivity bottlenecks, with AI and IoT adoption reducing feed waste by 25% and mortality rates by 15%. Smart sensors monitor water quality in real-time across 30% of shrimp farms, while automated processing plants elevate yield efficiency by 20%. Genetic R&D focuses on disease-resistant vannamei shrimp strains, shortening harvest cycles by 18 days. Exporters are integrating renewable energy, slashing carbon footprints by 35% to meet net-zero targets. Offshore farming expansion—supported by $300 million in government subsidies—aims to add 50,000 hectares of sustainable mariculture by 2027. These innovations address labor shortages and climate volatility, positioning Vietnam to capture 15% of global seafood trade by 2030. Vietnam Seafood Market Industry Segmentation: Type Insights:
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Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=13459&flag=C Key highlights of the Report:
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. About Us: 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. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 | |