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Report Overview

The Vietnam animal feed market reached approximately 26.90 Million Tons in 2024. The Vietnam animal feed market is projected to grow at a CAGR of 2.80% between 2025 and 2034, reaching a volume of around 35.46 Million Tons by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2022, Vietnam's pork production hit around 3.5 million tonnes, making it an essential part of the country's agriculture and a major protein source for its population according to MARD, 2022.

  • As per industry reports, in 2021, Vietnam's aquaculture production reached 4.4 million tonnes, playing a vital role in supplying animal feed for the country's fishing industry.

  • According to MARD, 2022, Vietnam's poultry production reached approximately 1.5 million tonnes, with chicken being the most popular poultry meat consumed across the country.

Compound Annual Growth Rate

Value in Million Tons

2.8%

2025-2034


Vietnam Animal Feed Market Outlook

*this image is indicative*

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 is driving the Vietnam animal feed market demand.

The Vietnam animal feed market dynamics and trends are being influenced by advancements in feed formulation technology, which are increasing the nutritional value and effectiveness of animal feed. This progress is leading to better growth and health outcomes for 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.

Key Trends and Recent Developments

Vietnam Animal Feed Market Analysis

The growth of the Vietnam animal feed industry is being driven by the expansion of industrial farms, which is increasing the demand for high-quality feed to ensure consistent animal growth and efficiency. There is a noticeable shift towards adopting well-balanced, nutrient-rich feed that meets the specific dietary requirements of different animal breeds.

Vietnam Animal Feed Industry Outlook

As per the USDA-FAS, in the 2011/12 marketing year, Vietnam's corn imports were minimal, standing at around 1 million metric tons (MT). Between 2012/2013 and 2014/2015, the import value rose between 2 million MT to 5 million MT. By 2015/16, imports had surged to over 8 million MT. The trend continued to accelerate, with imports reaching around 10 million MT by 2018/19. By 2019/2020, the import value surged to 11 million MT. The most significant increase happened during the 2020/21 marketing year, with imports surging to nearly 13 million MT, which boosted the Vietnam animal feed market volume. Corn, a vital ingredient in animal feed, delivers essential carbohydrates and energy, making up a large portion of the feed blend and supporting livestock growth and productivity.

According to the General Statistics Office, Vietnam's poultry population has experienced significant growth across all regions from 2011 to 2019. The Red River Delta (RRD) emerged as the leading region, with its poultry population increasing from 83.2 million in 2011 to 120.1 million in 2019, averaging 94.2 million over the period and contributing 26% to the national total. The Northern Midlands and Mountainous Areas (NMMA) also saw substantial growth, with the population rising from 65.9 million to 97.9 million, representing 20.5% of the national average. Similarly, the Northern Central and Central Coastal Areas (NC&CC) increased their poultry numbers from 68.7 million to 100.5 million, accounting for 20.8% of the total. The Mekong River Delta (MRD) showed steady growth, moving from 66.4 million to 82.5 million, contributing 18% to the national figure. The Southeast (SE) region experienced the most rapid growth, with its poultry population nearly doubling from 24.1 million to 55.3 million, making up 9.8% of the total. The Central Highlands (CH), though smaller in scale, grew from 14.3 million to 24.8 million, contributing 4.8% to the national average. Overall, Vietnam's poultry population increased from 322.6 million in 2011 to 481.1 million in 2019, averaging 361.7 million birds across the country. The increase in Vietnam's poultry population has significantly driven the growth of Vietnam animal feed industry revenue by escalating the demand for specialised, nutritionally balanced feed to support the expanding poultry industry and intensified farming practices.

Rising meat consumption drives demand for animal feed, bolstering Vietnam animal feed market growth.

  • A strong agricultural sector supports feed ingredient supply, ensuring market stability.
  • Pro-government initiatives and subsidies promote the development of the animal feed industry.

Inconsistent feed quality and safety concerns can impact consumer trust and market stability.

  • Reliance on imported raw materials makes the market vulnerable to global price fluctuations.
  • Outdated production technology may hinder efficiency and competitiveness.

The growing interest in sustainable and organic feed presents new opportunities in the Vietnam animal feed market.

  • Expanding into international markets can diversify revenue streams and increase growth.
  • Adoption of modern technologies can enhance production efficiency and product quality.

Economic fluctuations can affect purchasing power and feed demand.

  • Stringent regulations on feed safety and quality may increase operational costs.
  • Animal diseases can disrupt feed demand and supply chains, impacting market stability.

Key Players in the Vietnam Animal Feed Market and Their Key Initiatives

Alltech Inc.

  • Opened Vietnam's first organic mineral production facility in 2022. 
  • Designed innovative feed additives for Vietnam’s rapidly growing aquaculture sector.

Nutreco N.V.

  • Committed to switching to green electricity for its Vietnam operations by the end of 2024. 
  • Partnered with cell-based protein companies to meet the growing demand of the Vietnam animal feed market.

Archer-Daniels-Midland Company

  • Opened a $22 million livestock feed plant in Ha Nam, Vietnam to capture the Vietnam animal feed market opportunities.
  • Integrated automated micro-dosing and biomass energy systems in its new Vietnam facility.

Cargill, Incorporated

  • Opened a new animal feed mill in Dong Nai. 
  • Launched Feeding Intelligence to helps farmers navigate the changing food production landscape.

Vietnam Animal Feed Industry Segmentation

“Vietnam Animal Feed Market Report and Forecast 2025-2034” 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

The Vietnam animal feed industry is segmented by livestock types, including pork, aquatic animals, cattle, and poultry, among others. Pork holds a significant market share due to its status as a staple in Vietnamese cuisine and its popularity as the preferred meat choice for most 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 company’s focus on converting corn, soybeans, and wheat into vital products used for food, animal feed, and fuel.

  • 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

*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.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate volume of 26.90 Million Tons.

The Vietnam animal feed market value is projected to grow at a CAGR of 2.80% between 2025 and 2034.

The animal feed market in Vietnam is estimated to witness healthy growth during 2025-2034 to reach around 35.46 Million Tons by 2034.

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, forage, and compound feed.

The market is broken down into pork, aquatic animals, cattle, poultry, and others.

The competitive landscape consists of 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.

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
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

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