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The Vietnam pet food market size was approximately USD 129.93 million in 2023. The market is estimated to grow at a CAGR of 9.10% between 2024 and 2032, reaching a value of USD 284.53 million by 2032.
The Vietnam pet food market is in a developmental stage with countries like Japan entering into private pet food manufacturing agreements with local companies. This is because of the presence of non-restrictive regulatory laws for business outsourcing and low cost of manufacturing pet food. The United States of America, Cambodia, and China import a great variety of pet food products from Vietnam.
As per the Vietnam pet food market analysis, dog food sales accounted for more than half of the total market size in 2020. With the rising consumer disposable incomes and changing perception of pets as family members, pet ownership is expected to increase in the coming years. Moreover, there is a strong demand for mid-priced dog food in the country due to its affordability and the ability to meet the nutritional requirements of pets. Over the forecast period, the demand for premium dog food, including dog treats, is expected to record a significant uptick with the increasing awareness regarding pet care.
In 2020, cat food sales in Vietnam accounted for 35.6% of the total market size. Dry cat food dominated the overall category in food sales with more than 90% share, because of affordable pricing rates and convenience of serving.
Vietnam Pet Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Pet Type
Market Breakup by Product Type
Market Breakup by Distribution Channel
The market participants are increasingly prioritising the manufacturing of organically-certified and premium pet food products to meet the local as well as international demands.
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 Pet Type |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Pet Food Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Pet Food Historical Market (2018-2023)
8.3 Asia Pacific Pet Food Market Forecast (2024-2032)
8.4 Asia Pacific Pet Food Market breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Vietnam
8.4.7 Others
9 Vietnam Pet Food Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Pet Food Historical Market (2018-2023)
9.3 Vietnam Pet Food Market Forecast (2024-2032)
10 Vietnam Pet Food Market by Pet Type
10.1 Dogs
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cats
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Vietnam Pet Food Market by Product Type
11.1 Dry Food
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wet Food
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Snacks and Treats
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Vietnam Pet Food Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 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 for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 2309)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Archer-Daniels-Midland Co.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Mars Incorporated
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schell & Kampeter, Inc. (Diamond Pet Foods)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Alltech Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 DoggyMan H.A. Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Perfect Companion Group Co. Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Virbac S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Truoo Pet Care
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Pet Food Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Pet Food Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Pet Food Historical Market: Breakup by Pet Type (USD Million), 2018-2023
4. Vietnam Pet Food Market Forecast: Breakup by Pet Type (USD Million), 2024-2032
5. Vietnam Pet Food Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Vietnam Pet Food Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Vietnam Pet Food Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Vietnam Pet Food Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Vietnam Pet Food Market Structure
In 2023, the market reached an approximate value of USD 129.93 million.
The market is estimated to grow at a CAGR of 9.10% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 284.53 million by 2032.
The market is driven by the increasing adoption of pets due to their benefits like positive impact on mental health, and the rising disposable incomes of the population.
The key trends aiding the market expansion include the growing trend of pet humanisation, rising demand for premium pet products, and the growing influence of social media.
Dogs and cats, among others are the major pet types considered in the market report.
The major product types include dry food, wet food, and snacks and treats, among others.
The major players in the market are Archer-Daniels-Midland Co., Mars Incorporated, Schell & Kampeter, Inc. (Diamond Pet Foods), Alltech Inc., DoggyMan H.A. Co., Ltd., Perfect Companion Group Co. Ltd., Virbac S.A., and Truoo Pet Care, among others.
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