Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Pet Food Market Outlook
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.
Key Takeaways
- The ownership of dogs in Vietnam households rose to 17.2% in 2020 in comparison to 16.2% in 2016.
- In 2020, cat ownership in Vietnam grew at a faster rate compared to dog ownership, registering a CAGR of 3.7% (2.8% for dogs) between 2016 and 2020.
- The emergence of specialised pet shops is a notable trend in major urban cities like Ho Chi Minh City and Hanoi. The growing trend of pet humanisation supports the demand for pet care products and services.
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.
Market Segmentation
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
- Dogs
- Cats
- Others
Market Breakup by Product Type
- Dry Food
- Wet Food
- Snacks and Treats
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online Stores
- Others
Competitive Landscape
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.
- 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.
- Truoo Pet Care
- 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 Pet Type |
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| 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.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
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.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- 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
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
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.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124