In terms of volume, the demand was 35,000.0 kilo tons in 2012 and is expected to reach 72,207.8 kilo tons in 2019, growing at a CAGR of 10.9% from 2013 to 2019.
Increasing aquaculture activity has been one of the major factors driving the demand for aqua feed over the past few years and the trend is expected to continue over the next few years. In addition, growing human consumption of fish owing to rising consumer awareness about health benefits is expected to fuel the demand for aqua feed over the next few years. However, fluctuating prices of key ingredients used in manufacturing fish feed such as fish meal and fish oil is expected to affect the growth of the market adversely. Growing demand for conventional and functional feed for fishes, particularly fromAsia Pacific is expected to provide new opportunities for the market growth in near future.
Carps were the largest end-user of aqua feed accounting for over 25% of the market share in 2012. Crustaceans and carps are expected to be the fastest growing end-users of the market owing to their increasing farming activities in aquaculture. Carps are being increasingly reared due to their growing demand in the retail market and high mortality rates in less than ideal climatic conditions. Demand for crustaceans is expected to grow rapidly over the next few years on account of its growing demand in the food and pharmaceutical industry. The demand for aqua feed is expected to be above average for species such as mollusks and salmons owing to their increasing demand for human consumption.
Asia Pacific led the demand for aqua feed in 2012 and accounted for over 65% of the market share. Europe was the second largest market for aqua feed in 2012. Asia Pacific is expected to witness the highest growth over the next few years on account of rising aquaculture activities in this region. In addition, regional demand for fish for food and non-food use is expected to contribute to the growth of the market significantly over the next few years. Some of the key players of the markets are Alltech Inc., BioMar A/S, Cargill Incorporated, Cermaq ASA and many others.
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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