Vietnam Aquaculture Market Size, Share, Growth & Trend Report and Forecast 2025-2034

Vietnam Aquaculture Market Outlook

The Vietnam aquaculture market reached a volume of approximately 4.80 million tons in 2024. It is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and 2034, ultimately reaching a volume of nearly 7.53 million tons by 2034. The aquaculture industry in Vietnam plays a significant role in both the national economy and the global seafood market. As one of the largest exporters of seafood, Vietnam’s aquaculture sector is driven by increasing domestic and international demand for various aquatic products, including fish, crustaceans, and mollusks.

The country's strategic position along the Southeast Asian coastline, coupled with its extensive river systems, makes it ideal for aquaculture practices. The government’s continued investment in sustainable aquaculture practices and modern farming techniques is further supporting market growth. With a focus on innovation, the Vietnam aquaculture market is evolving to meet the needs of both domestic and global consumers, fostering a sustainable, high-quality seafood production system.

Vietnam Aquaculture Market Trends

Several key trends are shaping the Vietnam aquaculture market, reflecting the sector's growth and transformation:

Sustainability and Eco-Friendly Practices: As the global demand for sustainably sourced seafood increases, the Vietnam aquaculture market is adopting more eco-friendly farming practices. The implementation of sustainable fish farming techniques, such as integrated multi-trophic aquaculture (IMTA), is on the rise. These practices minimize environmental impact and ensure the long-term viability of aquaculture operations, aligning with international sustainability certifications and standards.
Technological Advancements in Aquaculture: Technological innovations are significantly improving the efficiency and productivity of aquaculture farms in Vietnam. The use of automated systems for feeding, water quality monitoring, and disease detection is becoming increasingly common. These technologies enable farmers to better manage their operations, reduce costs, and increase production. Additionally, digital platforms for tracking and managing supply chains are gaining traction, ensuring transparency and traceability for consumers.
Rising Consumer Demand for Healthy and Organic Products: The growing preference for healthy, organic, and chemical-free food products is influencing the aquaculture market in Vietnam. Consumers are increasingly opting for seafood that is produced with minimal use of antibiotics, hormones, and chemicals. This trend is pushing the industry toward more natural and sustainable aquaculture practices to meet consumer expectations for healthier, high-quality products.
Expansion of Export Markets: Vietnam is one of the world’s leading exporters of aquaculture products, with major markets in the United States, Europe, and Japan. The growing global demand for seafood is driving the expansion of the country's aquaculture exports. To cater to these markets, Vietnam is focusing on improving product quality, compliance with international standards, and enhancing the traceability of its aquaculture products.
Government Support for Aquaculture Growth: The Vietnamese government has been proactive in supporting the development of the aquaculture sector. Initiatives include subsidies for research and development in aquaculture technologies, the promotion of sustainable farming practices, and the improvement of infrastructure such as cold storage and transportation networks. These efforts are aimed at boosting productivity, ensuring food security, and maintaining Vietnam’s position as a leading global seafood exporter.
Climate Change and Environmental Challenges: While the aquaculture market in Vietnam is expanding, environmental challenges such as climate change, water pollution, and the depletion of fish stocks are becoming more prominent. These challenges are driving the industry to innovate in areas such as water management, disease control, and the development of more resilient aquaculture systems. Addressing these environmental challenges is crucial for maintaining long-term market growth.

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Vietnam Aquaculture Market Growth

The growth of the Vietnam aquaculture market is being driven by several factors, including both domestic consumption and international export demand:

Increasing Domestic Consumption: As the Vietnamese population grows and urbanization continues, there is a rising demand for seafood products in local markets. Fish and other aquatic products are an essential part of the Vietnamese diet, providing a source of protein for millions of people. With improving living standards and greater access to seafood, domestic consumption is expected to continue driving market growth.
Growing Global Demand for Seafood: The global demand for seafood is steadily increasing, driven by factors such as population growth, changes in dietary preferences, and the expansion of the middle class in emerging markets. Vietnam, as one of the largest seafood exporters in the world, is positioned to capitalize on this growing demand. Key export products include freshwater fish, crustaceans, and mollusks, with key markets in Asia, Europe, and North America.
Rising Investment in Sustainable Aquaculture: The Vietnamese government, along with private investors, is focusing on sustainable aquaculture practices to boost long-term growth. Investments in research and development (RD) are helping develop more efficient farming techniques, such as the use of organic feed and disease-resistant species, which are enhancing productivity while minimizing environmental impact.
Improvement in Aquaculture Infrastructure: The Vietnamese government is investing in the improvement of infrastructure such as aquaculture farms, cold storage facilities, and transportation networks. These investments are helping to improve the overall efficiency of the aquaculture supply chain, reduce post-harvest losses, and meet the increasing demand for fresh and processed seafood.
Expansion of Export Capabilities: Vietnam's robust aquaculture sector has established itself as a major exporter of seafood, and this trend is expected to continue. Export markets are diversifying, with increasing demand from emerging economies. Vietnam’s competitive pricing and high-quality standards position the country as a key supplier to global seafood markets.
Technological Innovations Driving Growth: As the aquaculture industry adopts more efficient farming methods and automation technologies, production costs are expected to decrease, leading to higher profitability. Technologies such as recirculating aquaculture systems (RAS) are helping to conserve water and improve yield, making aquaculture more sustainable and productive. These innovations are likely to further accelerate market growth in the coming years.

Market Segmentation

The Vietnam aquaculture market is segmented based on product type, environment, distribution channel, and region, each contributing to the overall growth and dynamics of the industry.

Breakup by Product Type
- Freshwater Fish: Freshwater fish, such as tilapia, catfish, and carp, dominate the Vietnamese aquaculture market. These species are farmed extensively in the country’s rivers and ponds, and they represent a major source of protein for domestic consumption as well as export.
- Crustaceans: Vietnam is a leading global exporter of shrimp, with both farmed and wild-caught shrimp playing a key role in the country’s aquaculture industry. Crustaceans such as shrimp, prawns, and crabs are also among the top products exported to international markets.
- Mollusks: Mollusks, particularly oysters, clams, and mussels, are another important segment of the market. Vietnam’s mollusk farming industry is expanding, driven by both domestic demand and the growing international market for seafood.
- Others: This category includes less common aquaculture products such as amphibians, reptiles, and other specialty fish species, which are gaining popularity both domestically and internationally.
Breakup by Environment
- Fresh Water: Freshwater aquaculture is the largest segment in Vietnam, with species such as catfish and tilapia being widely farmed in freshwater ponds and lakes.
- Brackish Water: Brackish water aquaculture is growing rapidly, particularly for shrimp farming. The coastal areas of Vietnam are well-suited for brackish water farming, and the country is a major exporter of farmed shrimp.
- Marine Water: Marine water aquaculture involves farming species such as fish, crustaceans, and mollusks in coastal and offshore areas. This segment is growing as demand for marine products increases globally.
Breakup by Distribution Channel
- Traditional Retail: Traditional retail channels, such as local markets and street vendors, remain a significant distribution channel for aquaculture products in Vietnam, particularly for domestic consumption.
- Specialized Retailers: Specialized retailers, such as fish markets and seafood stores, play a key role in the distribution of high-quality aquaculture products to consumers.
- Supermarkets and Hypermarkets: Supermarkets and hypermarkets are becoming increasingly popular for purchasing packaged seafood, particularly in urban areas.
- Online Retailers: Online retail is a growing segment in Vietnam, driven by the rise of e-commerce platforms and increased consumer convenience in purchasing seafood products online.
- Others: Other distribution channels include wholesalers, export markets, and food service providers.
Breakup by Region
- Southern: The southern region of Vietnam, including the Mekong Delta, is the primary hub for aquaculture production, particularly for shrimp and freshwater fish. This region benefits from abundant freshwater resources and a favorable climate for aquaculture.
- Northern: Northern Vietnam has a growing aquaculture industry, with a focus on freshwater fish farming. The region is also seeing increased investment in technology and infrastructure to support aquaculture.
- Central: The central region is becoming an important aquaculture hub, particularly for marine water farming, including fish and mollusk production. The region’s coastal areas offer ideal conditions for marine aquaculture.

Market Key Players

Several key players dominate the Vietnam aquaculture market, contributing to its growth and development:

Hung Vuong Corporation: One of Vietnam's largest seafood companies, Hung Vuong Corporation specializes in the processing and export of shrimp and fish, particularly catfish, to global markets.
Vinh Hoan Corporation: A major player in the Vietnamese aquaculture industry, Vinh Hoan is known for its high-quality farmed fish, particularly tilapia, and exports its products worldwide.
Quoc Viet Co. Ltd: Quoc Viet is a leading producer and exporter of shrimp and other aquaculture products in Vietnam, known for its commitment to sustainable farming practices.
Minh Phu: Minh Phu is a prominent seafood producer in Vietnam, specializing in shrimp farming and processing. The company is known for its advanced farming techniques and high-quality products.

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