Key Market Indicators
Vietnam is set to become one of the top seafood exporters in the world, with exports expected to reach $7.2 billion by 2026. This is an average year-on-year growth rate of 1.9% since 2005. In 2021, Vietnam was ranked fourth in exports with $6.3 billion, overtaken by India. Norway, India and Vietnam were the top three countries in this ranking. Vietnam is also expecting a growth in imports of seafood, reaching $2 billion by 2026. This is an average year-on-year growth rate of 3.4% since 2005. In 2021, Vietnam was ranked eighteenth in imports with $1.6 billion, overtaken by Belgium. Japan, China and Spain held the top three spots in this ranking.
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Seafood Industry: Exploring Trends, Challenges and Opportunities in Processing and Retailing
In recent times, there has been a notable shift in the global seafood industry. Enhanced consumer awareness about the health benefits of protein-rich and omega-3 fatty foods has boosted the demand for seafood products. Meanwhile, increasing investment in advanced technologies like novel packaging has reinvigorated seafood processing activities. Innovations such...
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Fish & Seafood Wholesaling and Retailing: Unraveling Growth Strategies and Market Trends
Consumer preference for healthier, protein-rich diets, coupled with growing awareness of environmental sustainability, has been driving the demand for fish and seafood. Improved technologies in preservation, packaging, and distribution have enhanced shelf-life and regional reach in the wholesaling and retailing segment of this market and have allowed for more competitive...
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Aquaculture Industry: Market Trends, Water Treatment Techniques, and Competitive Forecast Analysis
Dwindling wild fish stocks and a growing global population have amplified demand for aquaculture, pioneering strong market trends. Technological innovation, primarily in fish farming techniques, is one of these most notable developments. Integrated Multi-Trophic Aquaculture (IMTA), where various species are farmed together, is gaining prominence as it mirrors natural ecosystems...
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Seaweed Sector Explored: Captivating Insights into Global Growth and Market Trends
The international marketplace for seaweed is experiencing robust growth propelled by diverse factors. These include the increasing utilization of seaweed as a key ingredient in the food and beverage industry, a burgeoning biofuel sector, and the cosmetic industry's growing preference for natural products. Seaweed's rich nutrient content, coupled with its...
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Seafood Markets Innovation: Unveiling Predictive Trends and Opportunities
In the present era, the seafood industry is undergoing significant transformations. Factors such as population growth, urbanization, and increasing consumer preferences towards seafood products are driving these changes. Alongside, technological advancements, efficient supply chain management, and consumer-driven innovations are reshaping the market dynamics. The notable trend includes the adoption of...
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