Research and Markets - Aquaculture Market in Vietnam to Grow 5% by 2020 With Dongnam Seafood, Minh Phu & Oriental Seafood Dominating

The report forecasts the aquaculture market in Vietnam to grow at a CAGR of 5.73% during the period 2016-2020.

With the shift in freshwater aquaculture technology, the steps in the production of seed have changed from intensive water use land-based systems to water-saving and water productivity-enhancing interventions. Irrigation systems and irrigated agriculture are integrated with fish seed production. Optimizing the use of irrigated agricultural land can be further explored for their expansion/commercialization potential. For fry to fingerling rearing, the use of cages and hapas is becoming increasingly popular in Vietnam. Such initiatives contribute to the enhancement of productivity of irrigation water bodies.

According to the report, the aquaculture market in Vietnam is one of the biggest aquaculture markets in the world. The annual domestic consumption of seafood per capita in the country is about 78 lbs. per capita. For the period of 2015-2020, this consumption figure is expected to increase by 5.37% on an average per year. The total consumption of seafood in the domestic market in Vietnam was over 710 thousand metric tons in 2015 and is expected to reach 940 thousand metric tons by 2020.

Further, the report states that with the shift in freshwater aquaculture technology, the steps in the production of seed have changed from intensive water use land-based systems to water-saving and water productivity-enhancing interventions. Irrigation systems and irrigated agriculture are integrated with fish seed production. Optimizing the use of irrigated agricultural land can be further explored for their expansion/commercialization potential. For fry to fingerling rearing, the use of cages and hapas is becoming increasingly popular in Vietnam. Such initiatives contribute to the enhancement of productivity of irrigation water bodies.

Key vendors Include:

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Market drivers

Part 08: Impact of drivers

Part 09: Market challenges

Part 10: Impact of drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/8w4tp4/aquaculture

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