Vietnam Pangasius (Basa) Market To Reach 1.3 Million Tons by 2027 | IMARC Group

IMARC

Published

July 27, 2022

According to the latest report by IMARC Group, titled “Vietnam Pangasius (Basa) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Vietnam Pangasius market size reached 1.2 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 1.3 Million Tons by 2027, exhibiting a growth rate (CAGR) of 1.12% during 2022-2027. Pangasius is a genus of medium-large to huge shark catfishes native to fresh water in South and Southeast Asia. They are a rich source of omega-3 fatty acids and proteins and contain low to medium fat content. The regular consumption of pangasius fish promotes better eyesight, enhanced cardiovascular health, fortified bone health, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Vietnam Pangasius (Basa) Market Trends:

Continuous technological advancements have minimized the labor cost and processing time, resulting in the decline in the Pangasius processing cost, thereby driving the market growth in Vietnam. In addition to this, several government bodies have introduced sustainable farming practices to grow high-quality fish and reduce the environmental impact due to Pangasius aquaculture, which is further propelling the market growth. Besides this, numerous key manufacturers are investing in hatcheries, farms, and processing facilities to improve vertical integration. Additionally, the expanding production capacities, sustainable trade initiatives, and escalating demand from various countries for export of pangasius, are some of the other factors that will continue to bolster the market growth in Vietnam over the forecasted period.

Vietnam Pangasius (Basa) Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

The report has also analyzed the competitive landscape of the market with some of the key players being:

Vinh Hoan Corporation
IDI Corporation
NAVICORP
Go Dang Joint Stock Company (GODACO)
NTSF Seafood Joint Stock Company
Anvifish Joint-Stock Company
Fatifish Company Limited
Cuu Long Seafood Import and Export JSC
Can Tho Import Export Seafood JSC

Breakup by Province:

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

Breakup by Culture Type:

Fresh Water
Brackish Water

Breakup by Feed Type:

Commercial
Home-Made

Breakup by Rearing Methods:

Pond
Floating Cage

Breakup by Product Type:

Processed
Raw
Value-Added

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
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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