VIETNAM ANIMAL FEED MARKET

Vietnam Animal Feed Market Overview

Vietnam Animal Feed Market size was valued at USD 16.1 billion in 2024 and is forecast to touch USD 25.2 billion in 2032, and the market is expected to grow at a CAGR of 5.8% from 2025-2032 owing to the growing demand for meat products, the increasing consumer incomes, the rising requirement for animal feed, and the government initiatives to expand the animal feed industry.

Market Size & Forecast:

• • 2024 – USD 16.1 Billion
  • 2032 – USD 25.2 Billion
  • Market Forecast – CAGR of 5.8% from 2025-2032

Key Segment Insights:

• • Animal Feed Type Insights: Swine type hold the largest market share in 2024 owing to large size of the industry

Vietnam Animal Feed Market Growth Drivers

Growing Demand for Meat Products

Vietnam’s evolving dietary patterns coupled with strong inclinations towards food with high protein results in increased demand for dairy and meat products which has led to substantial increase in the animal feed demand in the country. With the population forecasted to reach 107 million by 2030 along with the rising income among the consumers, it is likely to drive up the demand for high-quality protein from animals which requires high-grade animal feed. Consequently, producers are innovating with premium and advanced feed products to meet the increasing demands of consumers, as there is also a significant focus on developing eco-friendly and high-tech feed products.

The annual requirement for feed in the fisheries and animal husbandry industries ranges from 32 to 33 million tons, which the rising demand for aquafeed, swine feed, and poultry feed is a key driver of revenue growth in Vietnam animal feed market. In addition, the animal feed industry is witnessing a strong rise in the demand for natural feed products as there is a growing recognition among people about the benefits associated with organic foods. To meet the increasing consumer demands, producers are directing their attention towards the production of organic feed products for animals.

Growth in Local Poultry and Swine Production

The poultry population in the country is growing at a robust growth rate owing to growing demand for poultry meat and chicken in the country. According to Viet Nam Poultry Association, the poultry population in the country reached 584.4 million heads and total egg production reached 20.4 billion units in 2024. The country also ranked among the top in pork production globally with a 3.9 million metric tons (Carcass Weight Equivalent) in 2024 as per the USDA.

Government Initiatives to Expand the Animal Feed Industry

Vietnam animal feed market is further supported by government initiatives to foster the development of the animal feed industry through the introduction of various initiatives and laws to strengthen the country’s animal feed production. This involves developing environmentally sustainable animal feed products with a long lifespan, alongside enforcing strict guidelines regarding antibiotics and the use of other harmful ingredients. For instance, the Ministry of Agriculture and Rural Development has employed regulations to oversee the manufacturing of animal feed products in Vietnam. In addition, the Vietnam Competition Authority has set forth regulations to encourage competition in the industry and to prevent unfair trade practices. Meanwhile, the Ministry of Finance has launched a tax incentive scheme to promote investments in the manufacturing and distribution of feed products, which involves lowering taxes on profits generated from selling animal feed items and ingredients.

Challenges Faced by Vietnam Animal Feed Companies

However, the Vietnam animal feed market is facing challenges including the increasing feed costs and scarcity of raw materials which are expected to impact this industry growth. The country anticipates a challenging period for the livestock industry due to its heavy reliance on imported animal feed from Ukraine and Russia. The conflict initiated by both countries has led to significant price increases with corn prices having risen by 50% and wheat prices soaring by 62%. Meanwhile, according to findings from Yuanta Securities Vietnam Quanta, the local animal feed price has climbed about 30% from early 2021. The company also predicts that the animal feed price may decrease as logistics and supply chain improvements are expected to enhance the products circulation, despite the domestic animal feed manufacturers may find it challenging to address the rising costs of raw materials.

Ministry of Industry and Trade has projected that the domestic livestock industry will face numerous challenges due to the ongoing effect of the pandemic as the disruptions in the supply chain globally will persist. Animal feed sector in Vietnam depends on imported raw materials for 90 percent of its needs. Ukraine and Russia collectively contribute approximately 29% of global wheat exports and 19 percent of maize exports, while also being the primary suppliers of the market in Vietnam.

Furthermore, recently there are 265 animal feed factories with 85 of them being foreign direct investment that collectively control 65% of market share, meanwhile local enterprises are facing challenges due to a shortage of raw material. Vietnam’s domestic agricultural production is capable of supplying up to 4.5 to 5 million tons of maize and 4 million tons of bran annually while the total annual demand for these commodities, notably corn and wheat, is estimated at around 26 to 27 million tons each.

Vietnam Animal Feed Market Segment Analysis

Animal Feed Type Market Insights: Swine type hold the largest market share in 2024 owing to large size of the industry

Swine and poultry are the major driver of Vietnam animal feed market and combined together hold the lion’s market share. In term of weight swine meat production accounted for 62% of the total meat production in the country. Poultry comes second with 30% of the meat production by weight in 2024. The demand from swine and poultry feed is consistent and is projected to drive the animal feed market in Vietnam during the forecast period.

Vietnam Animal Feed Market Major Players & Competitive Landscape

Several leading animal feed companies operating in Vietnam are C.P. Group, Cargill, De Heus, Greenfeed, Dabaco Group, Emivest, Uni-Presiden, Sheng Long Bio – Tech International Co., Japfa Comfeed Vietnam and many more.

Key Vietnam Animal Feed Market Developments

• • In October 2025, Royal De Heus signed a Share Purchase Agreement to acquire 100% of CJ Feed & Care’s operations across Vietnam, Indonesia, South Korea, Cambodia, and the Philippines. Covering 17 feed mills, the deal strengthens De Heus’ long-term growth strategy and supports its mission to expand access to safe, nutritious, and affordable food for independent livestock and aquaculture farmers in high-growth markets.
  • In June 2024, Japfa Vietnam has invested nearly VND 400 billion to expand its animal feed mill in Huong Canh town, Vinh Phuc province. Launched in 2024 after construction began in 2022, the project adds key infrastructure and will raise capacity to 444,000 tons per year. The expansion supports northern market demand, creates local jobs, and helps Japfa target one million tons of feed capacity in northern Vietnam, alongside its Hoa Binh and Thai Binh facilities.

Vietnam Animal Feed Market Scope of the Report

Vietnam Animal Feed Market Research Report Segmentation

The Vietnam Animal Feed Market has been segmented on the basis of type and product. Based on the type, the market is segmented into poultry, swine, ruminant, aquaculture and others. Based on the product, the market is segmented into pellets, mash, crumbles.

Vietnam Animal Feed Market by Type

• • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others

Vietnam Animal Feed Market by Product

• • Pellets
  • Mash
  • Crumbles

Vietnam Animal Feed Market Leading players

• • C.P. Group

  • Cargill

  • De Heus

  • Greenfeed

  • Dabaco Group

  • Emivest

  • Uni-Presiden

  • Sheng Long Bio – Tech International Co.

  • Japfa Comfeed Vietnam