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Vietnam Animal Feed Market by Product (Fodder, Forage, Others), by Livestock (Poultry, Cattle, Pork, Aquaculture, Others), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail, Direct Sales), by End-User (Household, Commercial), by Southern Vietnam, by Red River Delta, by Mekong Delta, by Central Vietnam, by Northern Midlands & Mountains Forecast 2026-2034
The Vietnam animal feed market is a cornerstone of the nation's agricultural economy, valued at USD 1.76 billion in 2024 and projected to expand at a CAGR of 3.6% from 2025 to 2030. This growth is underpinned by rising domestic protein consumption, urbanization, and a structural shift from smallholder farming to commercial, export-oriented livestock and aquaculture production.
Vietnam Animal Feed Market Market Size (In Billion)
2.5B
2.0B
1.5B
1.0B
500.0M
0
1.823 B
2025
1.889 B
2026
1.957 B
2027
2.027 B
2028
2.100 B
2029
2.176 B
2030
2.254 B
2031
Market Size (2024): USD 1.76 billion
Forecast CAGR (2025–2030): 3.6%
Production Volume (2025): Approximately 22 million tons of compound feed
Largest Livestock Segment: Poultry (by revenue share)
Fastest-Growing Livestock Segment: Aquaculture
Key Market Drivers and Restraints
Drivers
Rising Protein Demand: Per capita pork consumption reached nearly 39 kg in 2025, with meat and seafood demand climbing as disposable incomes rise.
Commercial Aquaculture Expansion: Vietnam's seafood exports hit USD 11.3 billion in 2025, fueling demand for specialized aquafeed.
Government Support: Initiatives to develop disease-free zones and export hubs for livestock, including targets for 22 pig-raising districts and 32 poultry districts, are increasing biosecure feed demand.
Technological Advancements: Precision feeding, data analytics, and automation are improving feed conversion ratios and production efficiency.
Restraints
Disease Outbreaks: African Swine Fever (ASF) and Avian Influenza cause periodic culling; approximately 17,000 ASF outbreaks occurred in 2024, leading to an 80,000-head pig cull and a 23% drop in feed demand in affected regions.
Import Dependence: Vietnam imported over 11.91 million tons of corn and 2.61 million tons of soybeans in 2025, exposing producers to global commodity price volatility.
Segmentation Analysis
By Product
Fodder dominated the market in 2024, driven by demand for high-quality forage.
Forage is expected to grow at the fastest CAGR, supported by intensive livestock farming.
By Livestock
Poultry led the market in 2024, accounting for the largest revenue share, driven by affordable protein demand and a flock exceeding 570 million birds.
Swine remains a major segment, with over 30 million pigs and a 40% share of feed additives demand.
Aquaculture is the fastest-growing segment, propelled by seafood export growth and advances in feed technology.
Cattle and other species contribute to a diversified feed portfolio.
Competitive Landscape and Strategic Developments
The Vietnamese animal feed market is moderately concentrated, with key players including C.P. Group, Cargill Vietnam, New Hope Group, Vinamilk, GreenFeed Vietnam, De Heus Vietnam, Mavin Group, Japfa Comfeed Vietnam, and Masan Group.
Antibiotic-Free Formulations: GreenFeed Vietnam launched two antibiotic-free feed formulas in 2024, using active microorganisms to boost gut health.
Probiotic Campaigns: CJ Vina Agri initiated the "2025 Find Challenge Reach" campaign to promote probiotic-enhanced feeds over antibiotic-driven feeds.
Capacity Expansion: Binh Phuoc province built three large-scale poultry hatcheries producing over 11 million chicks per month and four advanced feed mills meeting WOAH food safety standards.
Value Chain and Supply Chain Dynamics
The value chain spans raw material importers, feed millers, distributors, and livestock producers. A critical challenge is the reliance on imported corn and soybeans, which constituted over 14.5 million tons in 2025, valued at over USD 4.16 billion. This dependence exposes the industry to international price shocks and supply chain disruptions.
Raw Materials: Corn and soybean imports from Brazil, Argentina, and the US.
Feed Production: Over 260 feed mills with a combined capacity exceeding 20 million tons annually.
Distribution: Direct sales to commercial farms dominate, with specialty stores and online retail emerging.
End Users: Commercial livestock and aquaculture operations account for the majority of feed consumption.
Regional Outlook
Southern Vietnam, particularly the Southeast region (Dong Nai, Binh Duong), leads in feed production, hosting over 40 feed mills and producing more than 4.2 million tons annually. The Red River Delta and Mekong Delta are also key regions, with the Mekong Delta being a hub for aquaculture feed demand.
Vietnam Animal Feed Market Regional Market Share
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Strategic Opportunities and White-Space Analysis
Antibiotic-Free and Functional Feeds: Regulatory restrictions on antibiotic growth promoters, effective January 2026, create significant opportunities for acidifiers, probiotics, and enzymes.
Export-Oriented Aquafeed: With seafood exports exceeding USD 11 billion, there is growing demand for residue-controlled, high-performance aquafeed.
Precision Nutrition Services: Integrated feed mills and large-scale farms are increasingly adopting data-driven feeding programs, opening avenues for advisory and technical services.
Vietnam Animal Feed Market Regional Market Share
Higher Coverage
Lower Coverage
No Coverage
Vietnam Animal Feed Market REPORT HIGHLIGHTS
Aspects
Details
Study Period
2020-2034
Base Year
2024
Estimated Year
2026
Forecast Period
2026-2034
Historical Period
2020-2025
Growth Rate
CAGR of 3.6% from 2020-2034
Segmentation
By Product
Fodder
Forage
Others
By Livestock
Poultry
Table of Contents
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Objective
1.4. Definitions and Assumptions
2. Executive Summary
2.1. Market Snapshot
3. Market Dynamics
3.1. Market Drivers
3.1.1. Rising meat and dairy consumption due to increasing incomes
3.1.2. Expansion of commercial livestock and aquaculture sectors
3.1.3. Government support for disease-free zones and export hubs
3.2. Market Trends
3.2.1. Antibiotic-free animal feed with natural additives
3.2.2. Precision nutrition and data analytics adoption
3.2.3. Sustainable plant-based feeds and by-product utilization
Table 30: Northern Midlands & Mountains Vietnam Animal Feed Market Revenue Billion Forecast, by Country 2020 & 2034
Frequently Asked Questions
1What is the current size of the Vietnam animal feed market?
The Vietnam animal feed market was valued at USD 1.76 billion in 2024 and is expected to grow at a CAGR of 3.6% from 2025 to 2030, reaching approximately USD 2.17 billion by 2030.
2Which livestock segment dominates the Vietnam animal feed market?
Poultry led the market in 2024, accounting for the largest revenue share, driven by high domestic demand for affordable chicken protein and a flock of over 570 million birds.
3What are the key challenges facing the Vietnam animal feed industry?
The industry faces significant challenges from disease outbreaks such as African Swine Fever, which caused over 17,000 outbreaks in 2024, and heavy reliance on imported raw materials like corn and soybeans, exposing producers to global price volatility.
4Which companies are leading the Vietnam animal feed market?
Key players include C.P. Group, Cargill Vietnam, New Hope Group, Vinamilk, GreenFeed Vietnam, De Heus Vietnam, Mavin Group, Japfa Comfeed Vietnam, and Masan Group.
5What is the fastest-growing segment in the Vietnam animal feed market?
Aquaculture is the fastest-growing livestock segment, driven by expanding seafood exports, which reached USD 11.3 billion in 2025, and increasing demand for specialized aquafeed.
Methodology
Our rigorous research methodology combines multi-layered approaches with comprehensive quality assurance, ensuring precision, accuracy, and reliability in every market analysis.
Primary Research
Conducted 70–80% of research through primary interviews with industry stakeholders, including feed mill operators, livestock producers, and aquaculture farmers.
Interviewed 4–5 specific company types: commercial feed manufacturers, integrated livestock producers, aquafeed specialists, raw material importers, and feed additive suppliers.
Validated findings against real-time production data from over 260 feed mills and farm-level consumption metrics.
Key Stakeholders Interviewed
Key Stakeholders Interviewed
Stakeholder Role
Interview Share (%)
Procurement Director
30%
Farm Operations Manager
30%
Nutritionist
25%
Regulatory Affairs Specialist
15%
Industry Ecosystem Breakdown
Industry Ecosystem Breakdown
Company Type
Representation (%)
Commercial Feed Manufacturers
35%
Integrated Livestock Producers
25%
Aquafeed Specialists
20%
Raw Material Importers
12%
Feed Additive Suppliers
8%
Secondary Research & Industry Benchmarking
20–30% of research derived from secondary sources, including official government databases (e.g., General Statistics Office of Vietnam, Ministry of Agriculture and Rural Development), and multilateral institutions such as the World Bank and UN Comtrade.
Utilized financial databases: Bloomberg, Factiva, Hoovers, and PitchBook for company-level analysis.
Referenced industry associations: Vietnam Feed Association, Vietnam Association of Seafood Exporters and Producers (VASEP), and the Department of Livestock and Veterinary.
Demand Modeling & Market Estimation
Employed both top-down and bottom-up methodologies simultaneously, validated via multi-level data triangulation.
Bottom-up model based on quantitative metrics: feed production volume (22 million tons), livestock population (30 million pigs, 570 million poultry), and average feed conversion ratios by species.
Demand modeled by species segment, incorporating consumption per capita (e.g., 39 kg pork per capita) and export volumes.
Cross-referenced with import data for raw materials (11.91 million tons corn, 2.61 million tons soybeans) to estimate feed output.
Data Accuracy & Quality Check
Guaranteed estimated data accuracy level of 85–90% through rigorous validation and triangulation.
Every report is updated to the date of purchase, incorporating the latest available trade statistics and market developments.
Quality checks include cross-verification of primary interview data with official statistics and supply chain audits.
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