Vietnam Pangasius (Basa) Market Price, Business Opportunity, Upcoming Demand, In-Depth Analysis Report 2023-2028

Published April 4, 2023

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 Report 2023

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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Competitive Landscape with Key Players:

  • Anvifish Joint-Stock Company
  • Aquatex Ben Tre
  • Bien Dong Seafood Company Limited
  • Can Tho Import Export Seafood JSC
  • Cuu Long Seafood Import and Export JSC
  • Dai Thanh Seafood
  • Fatifish Company Limited
  • Go Dang Joint Stock Company (GODACO)
  • Hung Ca Company Limited
  • IDI Corporation
  • NTSF Seafood Joint Stock Company
  • Vinh Hoan Corporation

Breakup by Culture Type:

  • Fresh Water
  • Brackish Water

Breakup by Feed Type:

  • Commercial Pellets 
  • Home-Made Pellets

Breakup by Rearing Method:

  • Ponds
  • Floating Cage 

Breakup by Product Type:

  • Processed
  • Raw
  • Value-Added 

Breakup by Province:

  • Dong Thap
  • An Giang
  • Can Tho
  • Ben Tre
  • Vinh Long
  • Hau Giang
  • Tien Giang
  • Soc Trang
  • Tra Vinh
  • Kien Giang
  • Others

Key Highlights of the Report:

  • Market Performance
  • Market Outlook 
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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.

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