Vietnam Shrimp Market Size & Outlook, 2022-2030
The shrimp market in Vietnam is expected to reach a projected revenue of US$ 3,037.4 million by 2030. A compound annual growth rate of 4.1% is expected of Vietnam shrimp market from 2023 to 2030.
Revenue, 2022 (US$M)
$2,205.1
Forecast, 2030 (US$M)
$3,037.4
CAGR, 2023 - 2030
4.1%
Report Coverage
Vietnam
Vietnam shrimp market, 2017-2030 (US$M)
Related Markets
Vietnam shrimp market highlights
- The Vietnam shrimp market generated a revenue of USD 2,205.1 million in 2022 and is expected to reach USD 3,037.4 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- In terms of segment, l. vannamei was the largest revenue generating species in 2022.
- P. chinensis is the most lucrative species segment registering the fastest growth during the forecast period.
Shrimp market data book summary
| Market revenue in 2022 | USD 2,205.1 million |
| Market revenue in 2030 | USD 3,037.4 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | L. vannamei |
| Fastest growing segment | P. chinensis |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L. vannamei, Trachipenaeus curvirostris, Pleoticus muelleri, P. monodon, Acetes japonicus, Pandalus borealis, P. chinensis |
| Key market players worldwide | Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct |
Other key industry trends
- In terms of revenue, Vietnam accounted for 3.2% of the global shrimp market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China shrimp market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,591.5 million by 2030.
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Shrimp market segmentation & scope
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Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Vietnam shrimp market size, by species, 2017-2030 (US$M)
Vietnam Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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