Market Overview
The Vietnam Animal Feed Market is anticipated to grow significantly, reaching approximately USD 184.2 million by 2030, driven by a compound annual growth rate (CAGR) of around 5.98% from 2025 to 2030. Key factors boosting market growth include the substantial livestock population, government support for infrastructure in animal husbandry, and a shift toward antibiotic-free feed formulations. The market encompasses diverse product types such as poultry, swine, and aquaculture feed, catering to the rising demand for high-quality livestock products amidst increasing consumer preferences for protein-rich diets.
Snapshot of Key Vietnam Animal Feed Market Insights
- Market valued at USD 130 million in 2024, projected to reach USD 184.2 million.
- CAGR of approximately 5.98% during the forecast period from 2025 to 2030.
- High livestock production drives demand, especially for swine feed and poultry.
- Significant government support for livestock infrastructure and disease-free zones.
- Growing trend of antibiotic-free formulations boosts market innovation and growth.
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Vietnam Animal Feed Market Dynamics
Key Driver:
Large-scale livestock production significantly fuels the growth of the Vietnam Animal Feed Market. The country's strong preference for protein-rich diets, notably pork and chicken, has led to a surge in the livestock sector. With more than 30 million pigs and approximately 570 million poultry raised in 2024, the demand for high-quality animal feed is robust. The Vietnamese government’s proactive approach, including financial support and the establishment of disease-free zones, aims to enhance livestock productivity. Consequently, these initiatives result in increasing production volumes of animal feed, fostering market expansion in Vietnam.
Upcoming Challenge:
The Vietnam Animal Feed Market faces substantial challenges from frequent disease outbreaks among livestock, notably African Swine Fever (ASF) and Avian Influenza. These diseases have drastically impacted livestock populations, leading to significant financial losses for producers. In 2024 alone, Vietnam reported around 17,000 ASF outbreaks, with over 80,000 pigs culled. This instability has resulted in a sharp decline in feed demand—by over 23% nation-wide compared to the previous year. Such occurrences not only increase production costs but also hinder growth potential, as manufacturers grapple with waste and financial strain due to declining consumer confidence in livestock health.
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Vietnam Animal Feed Market Segmentation and Regional Insight
By Product Type:
- Poultry Feed
- Swine Feed (holds the largest market share, accounting for approximately 40%)
- Ruminant Feed
- Aquaculture Feed
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets (hold the largest market share of more than 60%)
- Specialty Stores
- Online Retail
- Direct Sales
By End-User:
- Household
- Commercial
By Region:
- Northern
- Central
- Southeast
- Mekong Delta
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Industry Leaders
- 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
- Others
Frequently Asked Questions (FAQs)
- What is the current market size of the Vietnam Animal Feed industry?
- How fast is the Vietnam Animal Feed market expected to grow?
- What are the key factors driving growth in the Vietnam Animal Feed sector?
- Who are the leading companies in the Vietnam Animal Feed market?
- What are the major challenges facing the Vietnam Animal Feed market?
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