Vietnam Animal Feed Market to Reach USD184.20 Million by 2030 Due to Large-Scale Livestock Production

• Overview
• Table of Content
• Research Methodology
• Download Free Sample

The Vietnam Animal Feed Market size was valued at around USD130 million in 2024 and is expected to reach USD184.20 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.98% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The Vietnam Animal Feed Market’s growth is driven by several factors, including the high commercial production of livestock, such as swine, poultry, etc., the animal husbandry infrastructure development & improvement in the living conditions for these animals, backed by the Vietnamese government through substantial investment, and the innovations in the animal feed formulations for improving the animal health., and many more. Also, a major growth factor is the high pork consumption in the country, which is a staple diet for Vietnamese citizens, as 98% of the families consume pork daily in the country. It has increased the demand for swine production in the country, which ultimately requires a substantial amount of animal feed.

Additionally, the country’s government is actively supporting animal farming and livestock production by allocating a substantial amount of funds every year to develop and maintain the living standards, hygiene, and safety for these animals by providing disease-free zones. These efforts are creating adequate opportunities for market growth. Moreover, the latest formulations for animal feeds are antibiotic-free and are added with natural additives such as probiotics, enzymes, and natural herbs to maintain the overall health of these animals. These innovations are actively transforming and increasing the growth of the animal feed market in Vietnam. However, the frequent disease outbreaks, such as Avian Influenza and African Swine Fever in these animals, are creating challenges for this market, as many of these animals have to be culled from the process if they get hit by these diseases. It is leading to animal feed wastage and causing financial losses to the manufacturers, thus restraining the market growth, further, states the research report, “Vietnam Animal Feed Market Analysis, 2025.”

Vietnam Animal Feed Market Segmentation Analysis

Swine Feed Holds the Largest Market Share

Based on the product type, the market is further bifurcated into Poultry Feed, Swine Feed, Ruminant Feed, Aquaculture Feed, and Others. Out of these, swine feed is the leading segment and holds about 40% market share. The dominance is due to the high demand for pork as a staple diet in Vietnam, which is highly contributing to the high swine production in the country. Vietnam is the world’s 4th largest pork consumer. It is leading to a high demand for swine feed in the country. Millions of tons’ swine animal feed are produced every year in the country to maintain a healthy swine population in the country.

Additionally, most of the Vietnamese citizens, especially rural households, are highly dependent on pig farming for their side businesses. Also, pig farming is significantly subsidized by the country’s government, promoting swine production, thus increasing the demand for swine feed. These factors are contributing to the dominance of the swine feed segment in the Vietnam Animal Feed Market.

Supermarkets & Hypermarkets are the Primary Distribution Channels

The supermarkets or hypermarkets hold the largest market share of more than 60%. The growth is driven by the widespread presence of supermarkets and hypermarkets in almost every part of the country, which contain a large number of animal feed shops. More than a thousand of these facilities are in the country, increasing the growth of this market. Such markets have a wider audience, consumer preference, trust, and customer loyalty, due to trusted brand names.

Additionally, the supermarkets and hypermarkets have a wider reach in rural and remote areas of the country, which increases the accessibility, ultimately resulting in the maximum sales revenue from these modes of distribution. Many famous brands such as Co-opmart, Big C/GO, Vinmart, and many more have a widespread reach in the country, especially in the rural areas; thus, supermarkets and hypermarkets are the most widely used distribution channels for animal feed in Vietnam.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Cargill Vietnam, CP Group (Charoen Pokphand), De Heus Vietnam, Mavin Group, GreenFeed Vietnam, Japfa Comfeed Vietnam, New Hope Group, Masan Group, Proconco (Provimi Vietnam), VNF Company, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?