Tuesday, January 3, 2017

04/01/2017: Aquaculture market in Vietnam to grow five percent by 2020

Lack of environmental & disease monitoring systems hinder growth - Research and Markets

Researchand Markets has announced the addition of the "Aquaculture Market in Vietnam 2016-2020" report to their offering.

The report forecasts the aquaculture market in Vietnam to grow at a CAGR of 5.73 percent during the period 2016-2020.
Image: Shanker S

Vietnam is one of the most suitable places for seafood and fish farming because of its long and rich coast line.

Infrastructure development, growing consumption of fish, high disposable income of consumers, and export of farmed fish and seafood are some of the key drivers, which enable Vietnam to contribute a significant revenue to the aquaculture industry in APAC.

The need for aquaculture in Vietnam stems from the high demand from wholesalers, retailers, restaurants, and individual consumers. The report has been prepared based on an in-depth market analysis with inputs from industry experts.

The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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 percent 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. 

Read more about the report

The Aquaculturists
This blog is maintained by The Aquaculturists staff and is supported by the
magazine International Aquafeed which is published by
Perendale Publishers Ltd

For additional daily news from aquaculture around the world: aquaculture-news

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