echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Vietnamese consumers are willing to pay more for sustainably certified farmed shrimp

    Vietnamese consumers are willing to pay more for sustainably certified farmed shrimp

    • Last Update: 2021-04-08
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    The Fish Site from March 18 news, recently published in the " foodmate.
    net/tag_4826.
    html" class="zdbq" title="Aquaculture related food information" target="_blank">Aquaculture , a study on" magazine found that traditional foodmate.
    net/tag_4369.
    html" class="zdbq" title="Breeding related food information" target="_blank">farming compared to shrimp, Vietnamese foodmate.
    net/tag_2047.
    html" class="zdbq" title="Consumer-related food information" target="_blank">consumers prefer to buy with a sustainable foodmate.
    net/tag_1487.
    html" class="zdbq" title="Certification related food information" target="_blank">certification of foodmate.
    net/tag_3068.
    html" class="zdbq" title="Shrimp related food information" target="_blank">shrimp products.
     
    Most consumers prefer to buy products with ASC certification, rather than certified products, or products with VietGAP, Naturland or GlobalGAP certification, which are not well recognized by consumers.
    The survey also shows that three-quarters of consumers are willing to pay higher foodmate.
    net/tag_2496.
    html" class="zdbq" title="Price related food information" target="_blank">prices for certified shrimp .
     
      This study shows that once shoppers believe that purchasing eco-labeled products contributes to the sustainable development of the aquaculture industry, they are more likely to choose eco-labeled products, which shows that "ethical consumerism" is not only in the West The phenomenon.
     
      Although certified sustainable farmed shrimp brings benefits to the industry, its market share is still small.
    According to a 2016 study, only 6% of the products supplied by the global aquaculture industry in 2015 came from sustainable development certified resources.
    Among these 6%, developed countries such as Norway, Chile and Spain have the largest market share.
    Most countries in the Asia-Pacific region are not major producers of sustainable aquaculture products.
     
      Most research on consumer attitudes towards sustainable aquaculture comes from developed countries, such as the United States and the European Union, and surveys tend to focus more on finfish rather than crustaceans.
    It is more difficult to understand consumers’ attitudes towards aquaculture in developing countries.
    Breeding options.
     
      According to FAO data in 2018, Vietnam is the third largest producer of farmed shrimp, after China and Indonesia.
    Since Vietnam is the main producer and consumer of farmed shrimp, ordinary consumers are not only familiar with the industry, but have been influencing it since the beginning of the 21st century.
     
      Vietnam formulated its own Better Management Practices (BMP) and Good Aquaculture Practices (GAP) standards in 2002, as well as policies to help farmers transition to sustainable production practices.
    The government hopes that the national standards will encourage producers to meet food safety and environmental requirements, and at the same time send a signal to importers that Vietnamese shrimp are improving their farming methods.
     
      Despite these efforts, the implementation progress has been slow.
    Of the nearly 600,000 shrimp farms in Vietnam, only 313 have obtained VietGAP certification.
    Shrimp producers say that the cost of adopting sustainable practices and maintaining compliance is expensive, and government support depends on budgets.
    Policymakers may need to seek other strategies to stimulate the development of sustainable aquaculture.
     
      Generally speaking, when the price of farmed shrimp increases, the purchasing power decreases.
    However, consumers are still willing to pay more for certified shrimp.
    Researchers have learned that consumers have different price sensitivity to sustainable shrimp.
    Some people are willing to pay a 51% premium for 1 kg of certified shrimp, while others are only willing to accept a 6% premium.
     
      Among the four labels for industry certification, consumers prefer the certification mark from an independent third-party agency.
    The first choice for consumers is the ASC mark, followed by other independent certifications, such as GlobalGAP and Naturland.
    Consumers don't seem to value VietGAP certification as much as other sustainability standards.
    They say they will only pay a lower premium for shrimp with this label.
    Nevertheless, they prefer to choose labeled products instead of ordinary shrimp.
     
      Researchers believe that this trend provides an opportunity for policy makers and farmers.
    Among the four sustainable development standards, it is easier for Vietnamese farmers to comply with VietGAP standards, and then work towards more comprehensive standards, such as ASC certification and GlobalGAP certification.
    foodmate.
    net/tag_4826.
    html" class="zdbq" title="Aquaculture related food information" target="_blank">Aquaculture foodmate.
    net/tag_4369.
    html" class="zdbq" title="Breeding related food information" target="_blank">breeding foodmate.
    net/tag_2047.
    html" class="zdbq" title="Consumer-related food information" target="_blank">consumer foodmate.
    net/tag_1487.
    html" class="zdbq" title="Certification related food information" target="_blank">authentication foodmate.
    net/tag_3068.
    html" class="zdbq" title="Shrimp related food information" target="_blank">shrimp
     
      Most consumers prefer to buy products with ASC certification, rather than certified products, or products with VietGAP, Naturland or GlobalGAP certification, which are not well recognized by consumers.
    The survey also shows that three-quarters of consumers are willing to pay higher foodmate.
    net/tag_2496.
    html" class="zdbq" title="Price related food information" target="_blank">prices for certified shrimp .
    foodmate.
    net/tag_2496.
    html" class="zdbq" title="Price related food information" target="_blank">price
     
      This study shows that once shoppers believe that purchasing eco-labeled products contributes to the sustainable development of the aquaculture industry, they are more likely to choose eco-labeled products, which shows that "ethical consumerism" is not only in the West The phenomenon.
     
      Although certified sustainable farmed shrimp brings benefits to the industry, its market share is still small.
    According to a 2016 study, only 6% of the products supplied by the global aquaculture industry in 2015 came from sustainable development certified resources.
    Among these 6%, developed countries such as Norway, Chile and Spain have the largest market share.
    Most countries in the Asia-Pacific region are not major producers of sustainable aquaculture products.
     
      Most research on consumer attitudes towards sustainable aquaculture comes from developed countries, such as the United States and the European Union, and surveys tend to focus more on finfish rather than crustaceans.
    It is more difficult to understand consumers’ attitudes towards aquaculture in developing countries.
    Breeding options.
     
      According to FAO data in 2018, Vietnam is the third largest producer of farmed shrimp, after China and Indonesia.
    Since Vietnam is the main producer and consumer of farmed shrimp, ordinary consumers are not only familiar with the industry, but have been influencing it since the beginning of the 21st century.
     
      Vietnam formulated its own Better Management Practices (BMP) and Good Aquaculture Practices (GAP) standards in 2002, as well as policies to help farmers transition to sustainable production practices.
    The government hopes that the national standards will encourage producers to meet food safety and environmental requirements, and at the same time send a signal to importers that Vietnamese shrimp are improving their farming methods.
     
      Despite these efforts, the implementation progress has been slow.
    Of the nearly 600,000 shrimp farms in Vietnam, only 313 have obtained VietGAP certification.
    Shrimp producers say that the cost of adopting sustainable practices and maintaining compliance is expensive, and government support depends on budgets.
    Policymakers may need to seek other strategies to stimulate the development of sustainable aquaculture.
     
      Generally speaking, when the price of farmed shrimp increases, the purchasing power decreases.
    However, consumers are still willing to pay more for certified shrimp.
    Researchers have learned that consumers have different price sensitivity to sustainable shrimp.
    Some people are willing to pay a 51% premium for 1 kg of certified shrimp, while others are only willing to accept a 6% premium.
     
      Among the four labels for industry certification, consumers prefer the certification mark from an independent third-party agency.
    The first choice for consumers is the ASC mark, followed by other independent certifications, such as GlobalGAP and Naturland.
    Consumers don't seem to value VietGAP certification as much as other sustainability standards.
    They say they will only pay a lower premium for shrimp with this label.
    Nevertheless, they prefer to choose labeled products instead of ordinary shrimp.
     
      Researchers believe that this trend provides an opportunity for policy makers and farmers.
    Among the four sustainable development standards, it is easier for Vietnamese farmers to comply with VietGAP standards, and then work towards more comprehensive standards, such as ASC certification and GlobalGAP certification.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.