The Vietnam Animal Feed Market size was valued at around USD 130 million in 2024 and is expected to reach USD 184.20 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.98% during the forecast period, i.e., 2025-30.
Vietnam Animal Feed Market Driver:
Large-Scale Livestock Production – In recent years, Vietnam has witnessed a rapid growth in the livestock production on a large scale in the country due to the high customer preference for rich protein diets, including pork, chicken, etc. Additionally, Vietnam is one of the largest exporters of both livestock and animal feed due to the high global demand for livestock. It has increased the demand for a significant amount of animal feed for these animals. For instance, in 2022, there were more than 6 million cattle raised in Vietnam. Also, as of 2024, Vietnam has produced over 30 million pigs and over 570 million poultry animals. This has increased the demand for animal feed in large quantities. Consequently, the country has produced over 15 million tons of animal feed for their animals, which shows about 6% increase in animal feed production every year.
Moreover, the demand is mainly coming from the Dong Nai region, which alone produced over 27 million poultry animals and more than 2.5 million swine in 2024. Similarly, the region has over 40 feed mills with an annual production of more than 4.2 metric tons. These factors are contributing to the market growth.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Vietnam Animal Feed Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
By Volume (Million Tons)
- By Product Type
- Poultry Feed – Market Size & Forecast 2025–2030, USD Million
- Swine Feed – Market Size & Forecast 2025–2030, USD Million
- Ruminant Feed – Market Size & Forecast 2025–2030, USD Million
- Aquaculture Feed – Market Size & Forecast 2025–2030, USD Million
- Others – Market Size & Forecast 2025–2030, USD Million
- By Distribution Channel
- Supermarkets/Hypermarkets – Market Size & Forecast 2025–2030, USD Million
- Specialty Stores – Market Size & Forecast 2025–2030, USD Million
- Online Retail – Market Size & Forecast 2025–2030, USD Million
- Direct Sales – Market Size & Forecast 2025–2030, USD Million
- By End–User
- Household – Market Size & Forecast 2025–2030, USD Million
- Commercial – Market Size & Forecast 2025–2030, USD Million
- By Region
- Northern
- Central
- Southeast
- Mekong Delta
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Cargill Vietnam, CP Group (Charoen Pokphand), De Heus Vietnam, Mavin Group, GreenFeed Vietnam, Japfa Comfeed Vietnam, New Hope Group, Masan Group, Proconco (Provimi Vietnam), VNF Company, and Others
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