{"id":125496,"date":"2021-07-30T05:17:00","date_gmt":"2021-07-30T05:17:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2896294"},"modified":"2021-07-30T05:17:00","modified_gmt":"2021-07-30T05:17:00","slug":"vietnam-pangasius-basa-market-2021-2026-size-business-growth-share-key-players-revenue-and-forecast","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/07\/30\/vietnam-pangasius-basa-market-2021-2026-size-business-growth-share-key-players-revenue-and-forecast\/","title":{"rendered":"Vietnam Pangasius (Basa) Market 2021-2026: Size, Business Growth, Share, Key Players, Revenue, and Forecast"},"content":{"rendered":"

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According to the latest report by IMARC Group, titled\u00a0\u201cVietnam Pangasius (Basa) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026\u201d,<\/strong>\u00a0the\u00a0Vietnam Pangasius market size<\/a><\/strong>\u00a0reached a volume of 1.24 Million Tons in 2020. Looking forward, IMARC Group expects the Vietnam pangasius market to exhibit stable growth during 2021-2026. Pangasius, also known as basa fish, is a genus of medium-large to very large shark catfish that is commonly found in the freshwater of South and Southeast Asia. It is rich in proteins, vitamins and minerals, and contains sufficient amounts of essential amino acids and omega 3 fatty acids, which are required by the body for growth and the maintenance of lean muscle tissues. Besides this, Pangasius is low in saturated fats and cholesterol and offers zero carbohydrates. As a result, its demand is escalating across Vietnam, which, owing to the abundance of fresh water in the country, is one of the largest producers and exporters of Pangasius in the world.<\/p>\n

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally\u2013our estimates about the latest market trends and forecast values after considering the impact of this pandemic.<\/em><\/strong><\/p>\n

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Request Free Sample Report:\u00a0<\/strong>https:\/\/www.imarcgroup.com\/vietnam-pangasius-market\/requestsample<\/a><\/p>\n

Market Trends:<\/strong><\/p>\n

The thriving seafood industry, along with significant growth in the fishing sector, is one of the primary factors driving the market for Pangasius in Vietnam. With a coastline of over 3,000 Kilometers, Vietnam represents an ideal country for seafood production. The Mekong river delta in the country serves as the prime hub for aquaculture of Pangasius, along with open ocean fishing. Favorable government initiatives and increasing investment for the development of fishing ports and the modernization of the existing logistics network are acting as another major growth-inducing factor. For instance, the Government of Vietnam aims to build fishing centers in five provinces, including Hai Phong, Kien Giang, Da Nang, Khanh Hoa and Ba Ria \u2013 Vung Tau, as a part of its five-year plan, which completes in 2020. Furthermore, the expansion in fish feed production in the country is anticipated to catalyze the demand for Pangasius catfish in international markets.<\/p>\n

Ask Customization and Browse Full Report with TOC & List of Figure:\u00a0<\/strong>https:\/\/www.imarcgroup.com\/vietnam-pangasius-market<\/a><\/p>\n<\/div>\n

Key Market Segmentation:<\/strong><\/p>\n

Competitive Landscape with Key Player:<\/strong><\/p>\n

The report has also analyzed the competitive landscape of the market with some of the key players being:<\/p>\n