Vietnam Pangasius (Basa) Market 2023-2028, Share, Size, Growth, Key Players and Forecast

The latest report by IMARC Group, titled "Vietnam Pangasius (Basa) Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the Vietnam Pangasius market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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.

Vietnam Pangasius (Basa) Market Overview:

Pangasius Basa, a species of catfish native to the Mekong Delta in Vietnam, is a key component in the aquaculture industry. Known for its mild flavor and firm texture, Pangasius Basa is primarily farmed for its fillets. These fish are adaptable to a range of aquaculture environments, making them a popular choice for fish farming. They are categorized into various types based on size and quality.
The advantages of Pangasius Basa include its cost-effectiveness, ease of farming, and wide acceptance in global seafood markets due to its versatility in various culinary applications. The fish is also a good source of protein and other nutrients, contributing to its popularity. Additionally, the sustainable farming practices associated with Pangasius Basa make it an eco-friendly choice in the seafood industry.

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Vietnam Pangasius (Basa) Market Trends:

The Vietnam market is experiencing significant growth, driven by the country's ideal farming conditions, including its extensive river systems and warm climate, which provide a perfect environment for Pangasius Basa cultivation. Along with this, the increasing global demand for affordable and sustainable seafood options is making Vietnamese Pangasius Basa a popular export product. In addition, technological advancements in aquaculture and processing methods have enhanced the quality and safety of the product, further providing a boost to its market appeal.

Moreover, Vietnam's focus on meeting international standards for seafood exports is opening up new markets, particularly in Europe and North America. Apart from this, the Vietnamese government's supportive policies and initiatives in promoting sustainable aquaculture practices and expanding export markets have been instrumental in this growth. Furthermore, the adaptation of value-added products and diversification into organic and certified farming are creating a positive market outlook.

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Competitive Landscape:

• 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
• NAVICORP
• NTSF Seafood Joint Stock Company
• Vinh Hoan Corporation

Key Market Segmentation:

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 (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• 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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