Vietnam Pangasius Market Demand Production And Fish Farming Leaders

Aquaculture represents one of the major occupations in Vietnam on account of an extensive coastline, which extends to more than 3,000 Kilometers. The country contributes to around 90% of the world's pangasius production. Pangasius is a rich source of proteins, vitamins and minerals, essential amino acids and omega-3 fatty acids, which are utilized by the body for the growth of lean muscle tissue. Also known as basa fish, it is currently available in different sizes, shapes and forms, which includes skinless and boneless fillets. According to IMARC Group, the Vietnam pangasius market size reached 1.22 Million Tons in 2019.

The spread of the coronavirus disease (COVID19) represents one of the significant factors that is impacting the consumption and overall sales of pangasius across the globe. For instance, the People's Republic of China, which is a leading importer of pangasius, has witnessed the closure of hotels, restaurants and other food outlets since the outbreak of the disease. Consequently, the fish price is continuously falling and the Vietnam Association of Seafood Exporters and Producers (VASEP) has asked farmers operating in the country to reduce fish farming. Nonetheless, the free trade agreement with the European Union (EU), which is another major importer, is anticipated to provide a boost to pangasius production in the country. Furthermore, due to the increasing erosion, deforestation and salinity levels near the Mekong River, the Government of Vietnam, along with various non-governmental organizations (NGOs), is adopting sustainable farming practices. It is also implementing standards, such as ASC, GLOBALG.A.P., VietGAP and BAP, to build consumer confidence in the export market. On account of these factors, the market is anticipated to witness stable growth during the forecast period (2020-2025).


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Market Segmentation: Based on the Feed Type, Rearing Method, Product Type
The market has been bifurcated on the basis of the feed type into commercial and homemade pallets. At present, commercial pallets hold the largest market share. Based on the rearing method, the market has been segmented into ponds and floating cages. Ponds account for the majority of the total market share. On the basis of the product type, the market has been segregated into processed, raw and value-added. Currently, processed pangasius products dominate the market.
Dong Thap Holds the Most Significant Market Share

The market has been analyzed on the basis of the province, which includes Dong Thap, An Giang, Can Tho, Ben Tre, Vinh Long, Hau Giang, Tien Giang, Soc Trang, Tra Vinh, Kien Giang and others. Amongst these, Dong Thap holds the most significant market share.

The competitive landscape of the market has been analyzed in the Vietnam pangasius market report, along with the detailed profiles of the major players operating in the industry. Some of these players include Anvifish Joint Stock Company, kynghidongduong.vn Aquatex Ben Tre, Bien Dong Seafood Company Limited, Cantho Import-Export Seafood JSC, tour hồ ba bể từ hà nội Cuu Long Seafood Import and Export JSC, Dai Thanh Seafoods Company Limited, Fatifish Company Limited, Go Dang Joint Stock Company (GODACO), Hung Ca Company Limited, IDI Corporation, Nam Viet Co., Ltd., NTSF Seafood Joint Stock Company and Vinh Hoan Corporation.







IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the [ ], which has enabled the clients to set up and expand their businesses successfully. Some of the company's offerings include: • Market Research • Plant setup • Plant Expansion • Marketing and sales • Procurement and tour thác bản giốc Distribution • Innovation and Product Development







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