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Vietnam Aquafeed Market Report Overview
The Vietnam aquafeed market reached a value of USD 2.63 Billion at 2025 and is projected to expand at a CAGR of around 4.60% during the forecast period of 2026-2035. Rapid expansion of aquaculture production, rising seafood export demand, Vietnam's target to produce 7 million MT of farmed seafood annually by 2030 with USD 12 billion in export value, and government aquaculture development programmes are driving Vietnam aquafeed market growth. The market is expected to reach USD 4.12 Billion by 2035.
Key Market Trends and Insights
- The Shrimps end-use segment is expected to record a CAGR of approximately 5.2% over the forecast period, reflecting Vietnam's position as one of the world's leading shrimp exporters with a government target of over 1.15 million metric tonnes of shrimp output and USD 10 billion in shrimp export revenue.
- The Additives ingredient segment is expected to exhibit a CAGR of approximately 5.5% over the forecast period, driven by the growing adoption of functional feed additives including amino acids, probiotics, vitamins, and feed acidifiers to improve feed conversion ratios, disease resistance, and growth performance.
- The Mekong River Delta region is anticipated to account for the largest Vietnam aquafeed market share and grow at approximately 5.0% CAGR over the forecast period, reflecting the dominant aquaculture production from Vietnam's densest shrimp and pangasius catfish farming provinces including Can Tho, Soc Trang, Bac Lieu, and Vinh Long.
Market Size & Forecast
- Market Size in (2025): USD 2.63 Billion
- Projected Market Size in (2035): USD 4.12 Billion
- Compound Annual Growth Rate (CAGR) (2026-2035): 4.60%
Compound Annual Growth Rate
4.6%
Value in USD Billion
2026-2035
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| Vietnam Aquafeed Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 2.63 |
| Market Size 2035 | USD Billion | 4.12 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.60% |
| CAGR 2026-2035 - Market by Region | Red River Delta | 5.0% |
| CAGR 2026-2035 - Market by Region | Mekong River Delta | 4.9% |
| CAGR 2026-2035 - Market by Ingredient | Additives | 5.2% |
| CAGR 2026-2035 - Market by Additives | Amino Acids | 5.1% |
| Market Share by Region | Southeast | 22.3% |
Key Trends and Recent Developments
The Vietnam aquafeed market is driven by expanding aquaculture production, rising shrimp and pangasius export demand, government aquaculture development programmes, functional feed additive adoption, and product innovation from domestic and international aquafeed manufacturers.
Skretting, the aquafeed brand of Nutreco N.V., launched the next generation of its flagship shrimp feeds Lorica and Optiline in October 2025. The new formulations include the novel EDGEOS PhytoComplexes, a functional ingredient system developed by Nutreco Exploration, designed to enhance shrimp health, improve disease resistance, and support feed conversion efficiency.
De Heus Animal Nutrition opened a new shrimp feed mill in the Co Chien Industrial Zone, Vinh Long province, in March 2025. The new facility expands international aquafeed manufacturing capacity in Vietnam's key aquaculture region, strengthening De Heus as a leading shrimp aquafeed producer in the Mekong Delta.
De Heus Animal Nutrition inaugurated a new marine research and development facility at the Vinh Long Aqua Research and Development Center in Vietnam in August 2024. The facility enhances De Heus's global expertise in aqua farming, benefiting shrimp and marine fish customers through advanced nutrition research and species-specific aquafeed formulation.
The Vietnamese government issued Decree 38/2024 in May 2024, establishing comprehensive administrative penalties for aquafeed violations including fines of up to VND 50 million for unauthorized ingredients and mandatory product recalls for non-compliant formulations. Decree 38/2024 reinforces Vietnam's commitment to aquafeed quality standards, incentivising manufacturers to invest in quality control.
Shrimps - Dominant End Use Through Vietnam's Export-Oriented Shrimp Aquaculture Industry
Shrimps are the dominant Vietnam aquafeed end-use segment, driven by Vietnam's position as one of the world's leading shrimp exporters with a government target of over 1.15 million metric tonnes of shrimp output and USD 10 billion in shrimp export revenue. Key producers including Skretting (Nutreco N.V.), De Heus Animal Nutrition, and Charoen Pokphand Foods PCL operate shrimp feed mills in Vietnam's Mekong Delta.
Additives - Fastest-Growing Ingredient Through Functional Feed Adoption
Additives are the fastest-growing Vietnam aquafeed ingredient segment through the growing adoption of functional feed additives including amino acids, probiotics, vitamins, and feed acidifiers. Strict EU and United States import inspections and Vietnam's ASC and BAP certification requirements are accelerating adoption of certified functional additives across Vietnam's shrimp, pangasius, and marine fish sectors.
Pellets - Dominant Product Form Through Stability and Nutrient Efficiency
Pellets are the dominant Vietnam aquafeed product form, reflecting the widespread use of sinking and floating pelleted feeds across Vietnam's freshwater and marine aquaculture operations. Extruded aquafeed is the fastest-growing product form through enhanced buoyancy, water stability, and nutrient absorption. Skretting Vietnam's Lotus II factory, which commenced operations in November 2022 with 100,000-tonne annual capacity, improves nutritional uniformity through ultra-fine grinding.
Catfish - Key End Use Through Vietnam's Pangasius Export Market
Catfish (pangasius) is a key Vietnam aquafeed end-use segment, driven by Vietnam's position as the world's leading pangasius exporter. Vietnam targets 100% domestic supply of pangasius broodstock by 2030 under the National Program on Aquaculture Development 2021-2030. An Giang, Dong Thap, and Can Tho provinces dominate Vietnam's pangasius catfish farming.
Vietnam Aquafeed Market Segmentation
“Vietnam Aquafeed Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Ingredient
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Key Insight: Soybean is the dominant ingredient at 4.4% CAGR as a cost-effective fishmeal substitute. Additives is the fastest-growing ingredient through functional feed and disease prevention adoption.
Market Breakup by Additives
- Amino Acids
- Antibiotics
- Vitamins
- Feed Acidifiers
- Others
Key Insight: Amino Acids is the dominant additive category supporting high-protein shrimp and fish feed formulations. Feed Acidifiers and Vitamins are growing through functional aquafeed adoption.
Market Breakup by Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Key Insight: Pellets is the dominant aquafeed product form across Vietnam's aquaculture operations. Extruded is the fastest-growing form through water stability, buoyancy, and nutrient absorption advantages.
Market Breakup by End Use
- Carps
- Shrimps
- Tilapia
- Molluscs
- Catfish
- Salmon
- Lobsters
- Others
Key Insight: Shrimps is the dominant end use at approximately 5.2% CAGR through Vietnam's export-oriented shrimp aquaculture. Catfish (pangasius) is a key end use through Vietnam's leading global pangasius export position.
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Key Insight: Mekong River Delta is the largest aquafeed region through dense shrimp and pangasius catfish farming. South Central Coast is growing through marine fish and lobster aquaculture development.
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Vietnam Aquafeed Market Share
By Ingredient, Soybean leads while Additives is the fastest-growing ingredient segment
Soybean leads the Vietnam aquafeed ingredient mix as the dominant high-protein ingredient at 4.4% CAGR as a cost-effective fishmeal substitute. Fish Meal and Fish Oil provide essential proteins and omega-3 fatty acids for high-value species. Additives is the fastest-growing ingredient through amino acids, vitamins, feed acidifiers, and functional additives.
By Additives, Amino Acids is the dominant additive supporting high-protein aquafeed
Amino Acids is the dominant Vietnam aquafeed additive category, supporting high-protein nutritional requirements of shrimp, pangasius catfish, and marine fish aquafeed formulations. Feed Acidifiers improve digestibility and gut health. Antibiotics use is declining under Vietnam's regulatory pressure and EU and United States export compliance requirements, driving the shift toward functional additive alternatives.
By Product Form, Pellets leads while Extruded is the fastest-growing form
Pellets command the largest Vietnam aquafeed market share by product form, reflecting the widespread use of sinking and floating pelleted feeds across Vietnam's freshwater and marine aquaculture operations. Extruded is the fastest-growing form through water stability, buoyancy, and improved nutrient uniformity, reducing feed waste and improving feed conversion ratios.
By End Use, Shrimps is the dominant end use while Catfish is a key aquafeed segment
Shrimps command the largest Vietnam aquafeed market share by end use, reflecting Vietnam's position as one of the world's leading shrimp exporters. Catfish (pangasius) is the second-largest end use through Vietnam's dominant global pangasius export position. Carps, Tilapia, Molluscs, Salmon, and Lobsters serve growing aquaculture segments. Vietnam and Indonesia agreed in March 2024 to expand bilateral aquaculture cooperation.
By Region, Mekong River Delta is the largest while South Central Coast is a growth region
The Mekong River Delta commands the largest Vietnam aquafeed market share, driven by dense shrimp and pangasius catfish farming provinces including Can Tho, Soc Trang, Bac Lieu, and Vinh Long. The Southeast region serves growing aquaculture demand. The South Central Coast is a growing region for marine fish, lobster, and seaweed aquaculture.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Vietnam Aquafeed Market Regional Analysis
Vietnam is a rapidly growing Asia Pacific aquafeed market, driven by shrimp and pangasius export demand, government aquaculture development targets, and functional feed adoption across the Mekong River Delta
The Vietnam aquafeed market operates within the broader Asia Pacific aquafeed market. Vietnam has a coastline of over 3,260 kilometres and aims to produce 7 million MT of farmed seafood annually by 2030 with USD 12 billion in export value. The Mekong River Delta accounts for the majority of Vietnam's shrimp and catfish aquaculture production, creating concentrated aquafeed demand.
Competitive Landscape
The Vietnam aquafeed market is contested by international and domestic aquafeed producers competing through feed formulation technology, species-specific product portfolios, manufacturing capacity in key aquaculture regions, and certifications.
Charoen Pokphand Foods PCL
Charoen Pokphand Foods PCL (CP Foods) is a Thailand-based global agri-food conglomerate with a significant Vietnam aquafeed presence through its CP Vietnam Corporation subsidiary. CP Vietnam holds the largest Vietnam shrimp feed market share through its integrated aquaculture model and extensive dealer network. CP Foods is investing USD 100 million in Vietnam through new feed meal plant capacity in Hai Duong province.
Nutreco N.V.
Nutreco N.V. operates in the Vietnam aquafeed market through its Skretting brand. In November 2022, Skretting Vietnam opened its Lotus II fish feed factory with 100,000 tonnes/year production capacity. In October 2025, Skretting launched next-generation shrimp feeds Lorica and Optiline with novel EDGEOS PhytoComplexes to enhance shrimp health and disease resistance in Vietnam's shrimp aquaculture.
De Heus Animal Nutrition
De Heus Animal Nutrition is a Dutch animal nutrition company focused on shrimp and marine fish feed manufacturing in the Mekong River Delta. In August 2024, De Heus inaugurated a marine R&D facility at Vinh Long Aqua Research and Development Center, Vietnam. In March 2025, De Heus opened a new shrimp feed mill in the Co Chien Industrial Zone, Vinh Long province, expanding its Vietnam shrimp aquafeed manufacturing capacity.
Grobest Group Limited
Grobest Group Limited is a Taiwan-based aquafeed specialist with a strong Vietnam shrimp feed market presence, competing through R&D-driven feed performance and an extensive dealer network in the Mekong River Delta. Grobest focuses on high-performance shrimp and marine fish aquafeed formulations, leveraging strong R&D capabilities across the Mekong River Delta and South Central Coast regions.
Other key players in the market include GREENFEED VIETNAM CORPORATION and UNI-PRESIDENT VIETNAM CO., LTD., among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key Findings from the Vietnam Aquafeed Market Report
- Comprehensive analysis of the Vietnam aquafeed market from 2019 to 2035, covering ingredient, additives, product form, end use, and regional dimensions
- Segment breakdowns across soybean, corn, fish meal, fish oil, additives, and other ingredients; amino acids, antibiotics, vitamins, feed acidifiers, and other additives; pellets, extruded, powdered, and liquid product forms; carps, shrimps, tilapia, molluscs, catfish, salmon, lobsters, and other end uses; and Southeast, Red River Delta, Mekong River Delta, and South Central Coast
- Competitive benchmarking of Charoen Pokphand Foods PCL, Nutreco N.V., De Heus Animal Nutrition, and Grobest Group Limited covering Vietnam aquafeed activities and product portfolios
- Analysis of Skretting's October 2025 next-generation shrimp feed launch, De Heus's March 2025 Vinh Long shrimp feed mill opening, De Heus's August 2024 R&D centre inauguration, and Vietnam's May 2024 Decree 38/2024 aquafeed regulatory framework
- Strategic insights for aquafeed producers, aquaculture investors, and feed ingredient suppliers on Vietnam's shrimp and catfish aquafeed opportunity, functional additive adoption, and sustainable certification requirements
Why Choose Expert Market Research?
- Aquafeed producers, aquaculture investors, and feed ingredient suppliers in Vietnam rely on our market intelligence for market sizing, segment strategy, and investment decisions.
- Every report draws on experienced aquaculture analysts with deep knowledge of Vietnam aquafeed market dynamics, shrimp and catfish feed demand, and the competitive landscape.
- Whether sizing an ingredient, additive, product form, or end-use segment, or benchmarking competitor aquafeed strategies in Vietnam, our research provides the specific intelligence required.
- Coverage is tailored: a specific species, regional analysis, or competitive benchmarking can be addressed through customised research.
Call to Action
Our full report for 2026-2035 delivers the market data, competitive intelligence, and strategic analysis to capture Vietnam's growing aquafeed market. Reach out to our team to access the complete report or request a customised version.
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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.*
Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 2.63 Billion.
The market is estimated to grow at a CAGR of 4.60% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 4.12 Billion by 2035.
The market is being driven by the increasing aquaculture production and rising demand for seafood.
The key trends aiding the market include technological advancements in feed formulation and the rising adoption of sustainable aquaculture practices.
The major regions considered in the market report are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different ingredients used in aquafeed include soybean, corn, fish meal, fish oil, additives, and others.
The major players in the market are Charoen Pokphand Foods PCL, Nutreco N.V., De Heus Animal Nutrition, Grobest Group Limited, GREENFEED VIETNAM CORPORATION, and UNI-PRESIDENT VIETNAM CO, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Ingredient |
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| Breakup by Additives |
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| Breakup by Product Form |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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