The Vietnam compound feed market reached approximately 17.36 MMT in 2025. The market is projected to grow at a CAGR of 3.10% between 2026 and 2035 to reach a volume of around 23.56 MMT by 2035.
Base Year
Historical Period
Forecast Period
In June 2024, the Singapore-based company ‘Japfa Comfeed’ opened a factory expansion project in Huong Canh town, Binh Xuyen district, Vietnam. The project involved an investment of USD 16.66 million.
In April 2024, ‘De Heus’ a nutritional supplier expanded into Southeast Asia, by setting up a new shrimp feed mill in Vinh Long province of Vietnam. The mill spans across an area of 29,300 m2 and has an annual capacity of 50,000 metric tons.
In February 2024, Vietnam’s northern province of Hai Duong gave approvals to American Feeds Company (AFC) for a USD 17 million animal feed project. The project has an annual capacity of 300,000 tons and will operate in a 3.88-hectare area.
Compound Annual Growth Rate
3.1%
Value in MMT
2026-2035
*this image is indicative*
| Vietnam Compound Feed Market Report Summary | Description | Value |
| Base Year | MMT | 2025 |
| Historical Period | MMT | 2019-2025 |
| Forecast Period | MMT | 2026-2035 |
| Market Size 2025 | MMT | 17.36 |
| Market Size 2035 | MMT | 23.56 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 3.10% |
| CAGR 2026-2035 - Market by Region | Red River Delta | 3.5% |
| CAGR 2026-2035 - Market by Region | Southeast | 3.4% |
| CAGR 2026-2035 - Market by Animal Type | Poultry | 3.5% |
| CAGR 2026-2035 - Market by Source | Plant Based | 3.4% |
| Market Share by Region | Southeast | 24.0% |
Key drivers of the market include a growing livestock industry, a rising population, and an increase in income levels. As the number of livestock in the country increases, the demand for compound feed also goes up. Vietnam’s livestock sector is rapidly growing and accounts for 1/4th of the country’s GDP. In the year 2022, the total output of Vietnam’s livestock was estimated at USD 21 billion, with an increase of 5-6% from 2021. Vietnam is also among the countries with the greatest amount of pork production across the globe and more than 4.19 billion tons of pork was produced in the country in 2021.
The rising population of the country also drives the growth of the Vietnam compound feed market. When the population increases, the requirement for food also sees a boom. Pork and poultry have been the most popular food products in Vietnam. This is because they are affordable and easily available across the country. In addition to meat, the market is seeing an increase in the use of other animal products like milk and eggs, which creates an urgent need for compound feed production to keep up with the rising demand for food. Vietnam had spent over USD 4.27 billion on animal feed and raw materials imports in 2023 due to the significant growth in demand, suggesting that the market has potential.
As per the Vietnam compound feed industry analysis, the need for compound feed for various livestock is being driven by the growing need for proper nutrition for animal development. Compound feed consumption has expanded as a result of the expansion of domestic and international food and restaurant chains, the growth of the organised cattle industry in developing nations, and growing awareness of precision nutrition techniques.
Rising exports to China, increasing demand for animal husbandry products, government targets to raise production capacity, and investment in aqua feed have accelerated the Vietnam compound feed market value.
China is the largest importer of compound animal feed from Vietnam, and accounts for 40.7% of Vietnam’s total export turnover. Vietnam’s proximity to China is a major reason for the same. With imports further rising from the country Vietnam is expected to witness an increase in export revenue in the upcoming years.
The drastic increase in Vietnam’s population is a major cause for boost in demand of animal husbandry products, thereby resulting in positive growth of the market. The United Nations Population Fund (UNFPA) projects the population to further grow, reaching 104 million by 2029. Animal husbandry is expected to meet the rising food demand, directly impacting the compound feed market growth in the long run.
To meet the growing demand for compound animal feed, the Vietnam government has targeted an increase in overall production capacity to be around 45 million tonnes with actual production reaching nearly 32 million tonnes by 2030. Further, the government has also directed the conversion of unproductive agricultural land to land for growing animal feed, with an objective of reserving 1 million hectares by 2030. These directives and targets will create new Vietnam compound feed market opportunities for both public and private sector.
Aquafeed is one of the untapped markets for Vietnam compound feed industry. It has high potential to lead the industry’s growth in the upcoming years. Major market players have already realised this potential and have entered the market eyeing future growth. For instance, Netherlands-based animal nutrition company De Heus, which established 4 million tonnes of animal feed production capacity in Vietnam by acquiring its leading producer MNS feed, has opened a new aqua feed mill, Can Thom, dedicated to producing pangasius compound feed.
‘Vietnam Compound Feed Market Report and Forecast 2026-2035’ offers a detailed analysis of the market based on the following segments:
Market Breakup by Animal Type
Market Breakup by Ingredient
Market Breakup by Source
Market Breakup by Form
Market Breakup by Region
| CAGR 2026-2035 - Market by | Animal Type |
| Poultry | 3.5% |
| Swine | 3.4% |
| Ruminants | 3.2% |
| Aquaculture | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Source |
| Plant Based | 3.4% |
| Animal Based | XX% |
| CAGR 2026-2035 - Market by | Region |
| Red River Delta | 3.5% |
| Southeast | 3.4% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
According to the reports, plant-based compound feed is expected to grow at a CAGR of 3.4% between 2026 and 2035. While previously the feed did often include animal derivatives like fish meal, switching to plant-based products alone is beneficial for a lot of different reasons. Plant-based feeds are more pocket-friendly. These are also better for the environment since they help avoid environmental concerns such as overfishing. Furthermore, using plant products helps minimize the risk of spreading diseases among the livestock.
| Market Share by | Region |
| Southeast | 24.0% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
The market players are increasingly incorporating additives in the feed in order to increase its nutritional value.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
It is estimated that the market reached approximately 17.36 MMT in 2025.
The market will likely grow at a CAGR of 3.10% in the period between 2026 and 2035.
The market is projected to reach a volume of around 23.56 MMT by the year 2035.
A growing livestock industry, a rising population, and an increase in income levels are the major drivers of the market.
A key trend in the market is the incorporation of additives to meet the nutritional requirements of the animals.
Based on animal type, the market is divided into ruminants, poultry, swine, aquaculture, and others.
The key players in the market are, Cargill Inc., Archer-Daniels-Midland Co., Alltech Inc., C.P. Pokphand Co. Ltd., Roquette Freres S.A., SHV Holdings N.V. (Nutreco), Land O’Lakes, Inc. (Purina), De Heus Voeders B.V., New Hope Group, Lai Thieu Cattle Feed Co. Ltd., and others.
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 Animal Type |
|
| Breakup by Ingredient |
|
| Breakup by Source |
|
| Breakup by Form |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share