According to the latest report by IMARC Group, titled “Vietnam Pangasius (Basa) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Vietnam Pangasius market size reached 1.2 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 1.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.02% during 2023-2028. Pangasius is a genus of medium-large to very-large shark catfishes found in the freshwater of South and Southeast Asia. It has a distinctive appearance with a sleek, silver-gray body and a flat head, and has a mild flavor and is low in cost. It is boneless and has a firm texture, which makes it easy to cook and suitable for various cooking methods, such as grilling, baking, and frying. It is enriched with a high amount of proteins and hence, is used in nutraceuticals and dietary supplements. It is also considered an excellent source of omega-3 fatty acid, which is essential for the good health of the heart. On account of the increasing demand for seafood among the masses, there has been a considerable rise in the demand for Pangasius across Vietnam.
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Vietnam Pangasius (Basa) Market Trends:
The rising prevalence of cardiovascular diseases among the masses
is driving the market in Vietnam. Moreover, the wide utilization of Pangasius
in cooking is catalyzing the market as it can be grilled, baked, fried, or used
in soups and stews. Apart from this, the introduction of sustainable farming
practices and certifications to hatcheries and farms is creating a positive
market outlook. Furthermore, the Government in Vietnam has implemented
sustainable farming techniques to cultivate high-quality Pangasius and minimize
the environmental impact of aquaculture, which in turn is providing a boost to
the market. Other factors, including the emerging food and beverage industry
and ease of transportation, are also influencing the market across Vietnam.
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