Vietnam’s shrimp feed market will achieve continued healthy growth to 2023, albeit at a more modest pace. Excess global supply capacity, in the absence of disease, will mean lower protein prices which will drive increasing farm professionalisation and demand for higher quality nutrition.

The global shrimp market has grown 10% since 2015 with new leaders emerging – Vietnam has maintained its share

Plural expects commercial shrimp feed growth to slow to c. 6% per year to 2023

A more intense global competitive landscape and sustained lower prices will drive professionalisation including increasing demand for higher quality nutrition

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