Reports
Sale
Vietnam Aquafeed Market Analysis, Trends, Share, Forecast: By Ingredient: Soybean, Corn, Fish Meal, Fish Oil, Additives, Others; By Additives: Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, Others; By Product Form: Pellets, Extruded, Powdered, Liquid; By End Use: Carps, Shrimp, Others; Regional Analysis; Competitive Landscape; 2024-2032
Vietnam Aquafeed Market Size
The Vietnam aquafeed market reached approximately USD 2.51 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of around USD 3.76 billion by 2032.
| Vietnam Aquafeed Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 2.51 |
| Market Size 2032 | USD Billion | 3.76 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.6% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 5.0% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 4.9% |
| CAGR 2024-2032 - Market by Ingredient | Additives | 5.2% |
| CAGR 2024-2032 - Market by Additives | Amino Acids | 5.1% |
| Market Share by Region | Southeast | 22.3% |
Vietnam Aquafeed Market Outlook
- Aquaculture is expected to account for over a quarter of Vietnam's total fisheries output and surpass $4 billion in export value by 2045.
- The National Program on Aquaculture Development for the period 2021-2030 was initiated in August 2022, aimed at developing effective and sustainable aquaculture practices.
- As per the Vietnam Association of Seafood Exporters and Producers (VASEP), exports of shrimp to the United States surpassed USD 1 billion for the first time in 2021.
Vietnam Aquafeed Market Growth
Vietnam has unveiled a strategy to significantly boost its aquaculture production. The country aims to produce 5.6 million metric tons (MT) of farmed seafood annually by 2025, marking a 16.7% increase from the 4.8 million MT produced in 2021. Additionally, Vietnam plans to raise its aquaculture output to 7 million MT per year by 2030, with an estimated export value of USD 12 billion (EUR 12 billion) annually. By 2030, the country also aims to meet more than 60 per cent of its domestic demand for vannamei broodstock and black tiger shrimp, and 100 per cent of its demand for pangasius broodstock.
Vietnam's extensive coastline of over 3,260 kilometres (2,026 miles) and its abundance of islands and bays provide a vast geographic opportunity for aquaculture. The government of Vietnam has been proactively backing the aquaculture sector by introducing a range of measures and policies designed to encourage sustainable aquaculture methods. These efforts encompass financial assistance, support for research and development, and the enforcement of regulations to uphold superior standards in feed quality.
Vietnam stands as a prominent nation in aquaculture production, especially for shrimp, pangasius, and tilapia. As income levels and urbanisation continue to rise, there is a noticeable trend towards protein-rich diets, which include seafood. The expanding middle-class demographic in Vietnam is playing a role in the heightened consumption of seafood, consequently boosting the demand for high-quality aquafeed.
Vietnam Aquafeed Industry Segmentation
“Vietnam Aquafeed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Ingredient |
| Additives | 5.2% |
| Soybean | 4.4% |
| Corn | 4.1% |
| Fish Meal | XX% |
| Fish Oil | XX% |
| Others | XX% |
Market Breakup by Ingredient
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
| CAGR 2024-2032 - Market by | Additives |
| Amino Acids | 5.1% |
| Feed Acidifiers | 4.7% |
| Antibiotics | XX% |
| Vitamins | XX% |
| Others | XX% |
Market Breakup by Additives
- Amino Acids
- Antibiotics
- Vitamins
- Feed Acidifiers
- Others
Market Breakup by Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Market Breakup by End Use
- Carps
- Shrimps
- Tilapia
- Molluscs
- Catfish
- Salmon
- Lobsters
- Others
| CAGR 2024-2032 - Market by | Region |
| Red River Delta | 5.0% |
| Mekong River Delta | 4.9% |
| Southeast | XX% |
| South Central Coast | XX% |
| Others | XX% |
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Aquafeed Market Share
Based on the ingredients, the market is segmented into soybean, corn, fish meal, fish oil, and additives, among others. Soybean is projected to grow at a CAGR of 4.4% during the forecast period of 2024-2032. Soybean plays a crucial role as a high-protein component in the diets of certain aquaculture species, serving as a viable substitute for fishmeal. Soybean meal is typically a more economical choice compared to fish meal, due to which it is a popular option for both feed producers and aquaculture practitioners.
| Market Share by | Region |
| Southeast | 22.3% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
Leading Companies in the Vietnam Aquafeed Market
Major market players are focusing on technological advancements in feed formulation and sustainable aquaculture practices to gain a competitive edge.
- Charoen Pokphand Foods PCL
- Nutreco N.V.
- De Heus Animal Nutrition
- Grobest Group Limited
- GREENFEED VIETNAM CORPORATION
- UNI-PRESIDENT VIETNAM CO,. LTD.
- 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:
|
| Breakup by Ingredient |
|
| Breakup by Additives |
|
| Breakup by Product Form |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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.
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 Aquafeed Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Aquafeed Historical Market (2018-2023)
8.3 Asia Pacific Aquafeed Market Forecast (2024-2032)
9 Vietnam Aquafeed Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Aquafeed Historical Market (2018-2023)
9.3 Vietnam Aquafeed Market Forecast (2024-2032)
10 Vietnam Aquafeed Market by Ingredient
10.1 Soybean
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Corn
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fish Meal
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Fish Oil
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Additives
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Vietnam Aquafeed Market by Additives
11.1 Amino Acids
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Antibiotics
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Vitamins
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Feed Acidifiers
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Vietnam Aquafeed Market by Product Form
12.1 Pellets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Extruded
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Powdered
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Liquid
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Vietnam Aquafeed Market by End Use
13.1 Carps
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Shrimps
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Tilapia
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Molluscs
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Catfish
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Salmon
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Lobsters
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 Vietnam Aquafeed Market by Region
14.1 Southeast
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Red River Delta
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Mekong River Delta
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Central Coast
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Charoen Pokphand Foods PCL
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 Nutreco N.V.
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 De Heus Animal Nutrition
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 Grobest Group Limited
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 GREENFEED VIETNAM CORPORATION
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 UNI-PRESIDENT VIETNAM 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 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Aquafeed Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Aquafeed Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Aquafeed Historical Market: Breakup by Ingredient (USD Billion), 2018-2023
4. Vietnam Aquafeed Market Forecast: Breakup by Ingredient (USD Billion), 2024-2032
5. Vietnam Aquafeed Historical Market: Breakup by Additives (USD Billion), 2018-2023
6. Vietnam Aquafeed Market Forecast: Breakup by Additives (USD Billion), 2024-2032
7. Vietnam Aquafeed Historical Market: Breakup by Product Form (USD Billion), 2018-2023
8. Vietnam Aquafeed Market Forecast: Breakup by Product Form (USD Billion), 2024-2032
9. Vietnam Aquafeed Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Vietnam Aquafeed Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Vietnam Aquafeed Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Vietnam Aquafeed Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Vietnam Aquafeed Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.51 billion.
The market is estimated to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 3.76 billion by 2032.
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.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER