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Vietnam Animal Feed Market Size, Share, Trends, Growth: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
Vietnam Animal Feed Market Size
The Vietnam animal feed market reached approximately 26.9 million tons in 2023. The market is projected to grow at a CAGR of 2.80% between 2024 and 2032, reaching a volume of around 34.56 million tons by 2032.
Vietnam Animal Feed Market Outlook
- As per the industry reports, the total consumption of soybeans for feed purposes reached a volume of 5.85 million tonnes in the year 2023-24 in Vietnam.
- Vietnam has established itself as one of the leading nations in the production of pork worldwide, which fuels the demand for feed products for pigs.
- The Vietnamese government aims to achieve 3 to 4 per cent growth in the livestock sector between 2026 to 2030, creating ample opportunities for demand for animal feed.
Vietnam Animal Feed Market Growth
Growing demand for animal-based protein, the rising popularity of meat and dairy products, and favourable government incentives promoting livestock production are some of the crucial market drivers. The growing population in Vietnam is fuelling the demand for animal protein, resulting in an increased consumption of meat, eggs, and dairy products and consequently, this demand is driving the need for animal feed.
Advances in feed formulation technology are enhancing the nutritional value and effectiveness of animal feed, resulting in improved growth and health of livestock. Furthermore, incorporating advanced machinery and automation in feed production boosts efficiency and cuts down expenses, thereby increasing the availability of high-quality feed for farmers.
The expansion of industrial farms is fuelling the demand for superior quality animal feed to guarantee steady animal development and efficiency. A shift is occurring towards the adoption of well-balanced, nutrient-dense feed in Vietnam that fulfils the distinct dietary needs of various animal breeds.
Vietnam Animal Feed Industry Segmentation
“Vietnam Animal Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fodder and Forage
- Compound Feed
Market Breakup by Livestock
- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others
Market Breakup by Raw Material
- Soy
- Corn
- Others
Vietnam Animal Feed Market Share
Based on livestock, the market is divided into pork, aquatic animal, cattle, and poultry, among others. Pork accounts for a substantial market share as it is one of the staple dishes in the Vietnamese culinary tradition and is the preferred choice of meat for the majority of the population. This widespread popularity results in a substantial need for pig feed to meet the high demand for pork. Vietnam also consists of a robust pig farming sector in which numerous farms, both small-scale and large-scale, play a pivotal role in meeting the substantial requirement for pig feed.
Leading Companies in the Vietnam Animal Feed Market
The market players are expanding their product offerings to gain a competitive edge in the market.
- Alltech Inc.
- Nutreco N.V.
- Archer-Daniels-Midland Company
- New Hope Liuhe Co., Ltd.
- De Heus Voeders BV
- BRF S.A.
- Cargill, Incorporated
- Sunjin Vina Co., Ltd.
- ANOVA FEED JSC
- Charoen Pokphand Foods PCL
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Animal Feed Historical Market (2018-2023)
8.3 Asia Pacific Animal Feed Market Forecast (2024-2032)
9 Vietnam Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Animal Feed Historical Market (2018-2023)
9.3 Vietnam Animal Feed Market Forecast (2024-2032)
10 Vietnam Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Vietnam Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alltech Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nutreco N.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Archer-Daniels-Midland Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 New Hope Liuhe Co., Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 De Heus Voeders BV
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 BRF S.A.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Cargill, Incorporated
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Sunjin Vina Co., Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 ANOVA FEED JSC
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Charoen Pokphand Foods PCL
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
2. Asia Pacific Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
3. Vietnam Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
4. Vietnam Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
5. Vietnam Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
6. Vietnam Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
7. Vietnam Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
8. Vietnam Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. Vietnam Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
10. Vietnam Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
11. Vietnam Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
12. Vietnam Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
13. Vietnam Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
14. Vietnam Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
15. Vietnam Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
16. Vietnam Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
17. Vietnam Animal Feed Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 26.9 million tons.
The market is estimated to grow at a CAGR of 2.80% between 2024 and 2032.
The animal feed market in Vietnam is estimated to witness a healthy growth during 2024-2032 to reach around 34.56 million tons by 2032.
The market is being driven due to growing demand for animal-based protein, the rising popularity of meat and dairy products, and favourable government incentives promoting livestock production.
The key trends aiding the market include advances in feed formulation technology, expansion of industrial farms, and investment by market players in research and development activities.
Based on type, market segmentations include fodder and forage and compound feed.
Various types of livestock are pork, aquatic animal, cattle, and poultry, among others.
The major players in the market are Alltech Inc., Nutreco N.V., Archer-Daniels-Midland Company, New Hope Liuhe Co., Ltd., De Heus Voeders BV, BRF S.A., Cargill, Incorporated, Sunjin Vina Co., Ltd., ANOVA FEED JSC, and Charoen Pokphand Foods PCL, among others.
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