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Vietnam Animal Feed Market

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 Market

 

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:

  • Type
  • Livestock
  • Raw Material
Breakup by Type
  • Fodder and Forage
  • Compound Feed 
Breakup by Livestock
  • Pork
  • Aquatic Animal
  • Cattle
  • Poultry
  • Others
Breakup by Raw Material
  • Soy
  • Corn
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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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