Report Overview

A growing demand for livestock products, population growth, increasing disposable income, awareness about animal nutrition, and advancements in feed technology are key driving factors for the growth of Vietnam Animal Feed Market during the forecast period between 2024 and 2031.

Vietnam Animal Feed Market – Industry Trends & Forecast Report, 2031

Vietnam Animal Feed Market size was estimated at USD 1,026.22 million in 2024. During the forecast period from 2025 to 2031, the size of the Vietnam Animal Feed Market is projected to grow at a CAGR of 5.43%, reaching a value of USD 1,485.73 million by 2031. The expansion of Vietnam Animal Feed Market is driven by an increasing demand for meat products from the rising population across the expanding urban areas. Growing awareness about animal nutrition, coupled with a focus on livestock health and productivity, fuels the demand for quality feed. Economic development and a shift towards higher protein diets also contribute to the growth of Vietnam Animal Feed Market.

Source: BlueWeave Consulting

Animal Feed – Overview

Animal feed is a crucial component of modern agriculture, formulated to meet the nutritional needs of livestock, poultry, and aquaculture. Comprising grains, protein-rich sources, vitamins, and minerals, it enhances animal growth, health, and product quality. Feed production involves careful blending to achieve balanced diets, promoting optimal animal performance. Innovations, such as precision nutrition and sustainable sourcing, are gaining prominence. Quality feed is pivotal for efficient livestock farming, impacting food production and global supply chains. As agriculture evolves, the animal feed sector plays a pivotal role in ensuring sustainable and ethical practices for the livestock industry.

Vietnam Animal Feed Market  

Growth Drivers

Rapid Urbanization and Industrialization Boosting Demand for Animal Products

The industrialization of livestock production, driven by the rapid urbanization across the country is as a pivotal growth driver for Vietnam Animal Feed Market. An increasing demand for high quality and efficient feed solutions is propelled by the modernization of farming practices. Advanced technologies, streamlined supply chains, and optimized production processes contribute to enhanced productivity and meet the rising protein requirements. The transformative shift toward industrialized livestock production is fostering significant market expansion, reflecting a dynamic and sustainable trajectory for Vietnam Animal Feed Market.

Challenges

High Volatility in Raw Material Prices

Vietnam Animal Feed Market grapples with the challenge of unpredictable raw material prices, leading to increased operational uncertainties for market players. However, proactive measures, such as strategic hedging, have emerged as crucial safeguards, helping to buffer the market against sudden price fluctuations. Despite this, the ongoing volatility necessitates continuous adaptation and innovative risk management strategies in Vietnam Animal Feed Market.

Impact of Escalating Geopolitical Tensions on Vietnam Animal Feed Market  

Intensifying geopolitical tensions among major global economies, exacerbated by the Russia-Ukraine war, have significantly impacted the growth of Vietnam Animal Feed Market. Political and trade uncertainties have disrupted the global supply chain, leading to increased prices and reduced availability of key feed ingredients. The conflict's spillover effect has heightened market volatility, causing concerns among stakeholders. Import-dependent nations face challenges in securing stable supplies, affecting livestock farmers and food production. Additionally, fluctuating currency values and regulatory uncertainties further compound challenges for the players in the market. Vietnam Animal Feed Market is navigating a complex landscape, with geopolitical tensions serving as a pivotal factor in shaping its trajectory.

Vietnam Animal Feed Market  

Segmental Coverage

Vietnam Animal Feed Market – By Product

Based on product, Vietnam Animal Feed Market is divided into Fodder, Forage, and Compound Feed segments. The fodder segment accounts for the largest market share of Vietnam Animal Feed Market by product, indicating a substantial focus on processed feed products for livestock. It underscores the country's emphasis on nutritionally balanced and formulated feeds to enhance animal health and productivity. The fodder segment's prominence signifies the pivotal role it plays in meeting the diverse dietary needs of livestock across the country, reflecting the evolving trends and demands within Vietnam Animal Feed Market.

Source: BlueWeave Consulting

Vietnam Animal Feed Market – By Ingredients

On the basis of ingredients, Vietnam Animal Feed Market is segmented into Cereals, Oilseed Meal, Molasses, Additives, and other ingredients. The cereals segment, especially corn, accounts for the largest market share of Vietnam Animal Feed Market by raw material. Approximately half of the feed composition comprises cereal & grains, making corn one of the primary elements in farm animal feed. Corn is a good source of carbohydrates and is also high in fiber, vitamins, and minerals. It is usually a major ingredient in processed animal feed. Animal feed producers choose to use it as a recommended ingredient due to its energy contribution, content level, and minimal chemical composition variability.

Source: BlueWeave Consulting

Vietnam Animal Feed Market – By Source

Based on source, Vietnam Animal Feed Market is bifurcated into Organic and Conventional segments. These segments cater to different consumer preferences and requirements. The organic segment focuses on feeding animals with naturally sourced and non-genetically modified ingredients, meeting the rising demand for eco-friendly and sustainable products. On the other hand, the conventional segment encompasses traditional feed products. This market bifurcation reflects diverse options to address the growing need for sustainable and conventional animal feed solutions in the country.

Vietnam Animal Feed Market – By Form

On the basis of form, Vietnam Animal Feed Market is split into Liquid and Dry segments. These segments represent the different physical states of the feed products available in the market. The liquid segment includes feed products in liquid form, while the dry segment comprises feed products in a solid, powdered, or granular state. The dry segment holds a larger market share in Vietnam Animal Feed Market by form. Compared to liquid solutions, dry feed is simpler to handle, transport, and store. They also have a decreased risk of contamination and leakage, which could cause farmers to suffer significant losses. Moreover, dry feed is also reasonably priced, which is a major factor in the market's expansion. However, liquid animal feed is also expected to rise at a high rate over the forecast period, as it is easier to mix into the feed.

Vietnam Animal Feed Market – By Livestock

Vietnam Animal Feed Market by livestock is divided into Pork, Aquatic Animals, Cattle, and Poultry segments. The pork segment is the largest livestock in Vietnam Animal Feed Market. Pork feed commands a significant share, driven by the country's growing demand for pork products. Population growth, urbanization, and changing dietary preferences contribute to the prominence of the pork livestock segment. The segment benefits from the rising consumption of pork across the country, making it a pivotal component of Vietnam Animal Feed Market.

Source: BlueWeave Consulting

Competitive Landscape

Major players in Vietnam Animal Feed Market include Cargill Vietnam, CJ Vina Agri, CP Livestock, Dabaco Group, De Heus Vietnam, GreenFeed Vietnam Corporation, Hong Ha Nutrition, Japfa Comfeed, Mavin Group, Sunjin Vina, and Masan Nutri-Science. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Product

• Fodder

• Forage

• Compound Feed

By Ingredients

• Cereals

• Oilseed Meal

• Molasses

• Additives

• Others

By Source

• Organic

• Conventional

By Form

• Dry

• Liquid

By Livestock

• Pork

• Aquatic Animals

• Cattle

• Poultry