Vietnam Aquafeed Market Key Takeaways

• The Vietnam aquafeed market size was valued at USD 1.81 billion in 2025 and is projected to grow from USD 1.98 billion in 2026 to USD 3.72 billion by 2032.
• The industry is projected to sustain growth at a steady CAGR of 11.08% during 2026-2032.
• By species, crustacean feed holds a significant share of about 47% in 2026.
• By form, dry feed seized a significant share of about 63% in 2026.
• The industry is highly fragmented. However, the top five players collectively account for nearly 26% share.

Vietnam Aquafeed Market Size and Outlook

The aquafeed market size in Vietnam was valued at USD 1.81 billion in 2025 and is projected to grow from USD 1.98 billion in 2026 to USD 3.72 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 11.08% during the forecast period, i.e., 2026-32.

The demand for aquafeed in Vietnam is expanding steadily, supported by rising aquaculture production, strong shrimp and pangasius demand, and increasing adoption of intensive farming practices. Vietnam targets 6.25 million tons of aquaculture output in 2026, up 2.2% from 2025, creating a larger requirement for commercial feed. Strong seafood exports are further encouraging farmers to improve productivity, feed efficiency, and product quality. Policy support is also significant, with the national aquaculture program targeting 7 million tons annually by 2030 and promoting advanced, climate-resilient and sustainable farming systems. Future opportunities include functional feeds, alternative proteins, precision feeding, RAS, and species-specific formulations, supporting a favorable long-term outlook.

Vietnam Aquafeed Market Key Indicators

• Vietnam produced roughly 1.41 million tonnes of shrimp in the first 11 months of 2025, up 5.5% year-on-year, per VnSeafood Insider citing Ca Mau provincial data. Export earnings hit a record USD 4.6 billion for 2025, up 19% versus 2024, per VASEP. Since shrimp feed is Vietnam's largest aquafeed segment, this dual growth reflects strong demand for high-protein feed, with whiteleg shrimp alone worth USD 2.98 billion.
• Pangasius output reached about 1.67 million tonnes in 2025, while export value hit roughly USD 2.1 billion, up 7.5% year-on-year, per VASEP and VietnamPlus reporting. Pangasius is Vietnam's second-largest aquafeed-consuming species, farmed intensively across Mekong Delta ponds covering roughly 6,400 hectares. Its comparatively high feed conversion ratio means steady tonnage growth sustains large-volume demand for floating pellet feed, a key secondary indicator alongside shrimp.
• Vietnam's total seafood exports reached USD 11.3 billion in 2025, up 12.4% year-on-year and 7.8% above the government's USD 10.5 billion target, per VOV and SeafoodSource reporting. Since most of this value derives from farmed species like shrimp and pangasius rather than wild catch, sustained double-digit export growth signals continued aquaculture expansion requiring feed inputs, despite rising costs and stricter import requirements abroad.
• Under Decision 985/QD-TTg, Vietnam targets 7 million tonnes of aquaculture output by 2030, up from a 4.8 million tonnes 2021 baseline (roughly 46% growth), alongside a seafood export target of USD 12 billion by 2030, up from a USD 7.8 billion 2025 projection, per SeafoodSource reporting on MARD's program. Marine aquaculture area is also planned to reach 300,000 hectares by 2030, from 280,000 in 2025.
• Key aquafeed input costs eased in 2025, with soybean meal prices down 17.8% and DDGS prices down 7.2% year-on-year, while retail feed prices fell 2.5-3.5%, per industry data reported by AVINews. Vietnam imported 24.78 million tonnes of feed raw materials worth USD 8.22 billion, mainly corn and soybean meal, since domestic supply cannot meet feed-grade demand. Falling input costs improve margins and support continued aquafeed adoption.

Vietnam Aquafeed Market Scope

Vietnam Aquafeed Market Growth Drivers

Rapid Aquaculture Expansion and Rising Farmed Fish and Shrimp Production Driving Aquafeed Demand

Rapid expansion of aquaculture production is a key growth driver for Vietnam’s aquafeed market, as increasing farmed seafood output directly translates into higher requirements for commercial feed. During the first half of 2026, Vietnam’s aquaculture production reached nearly 3 million tons, increasing 5.7% year over year. Within this total, farmed fish production increased 4.4% to 1.98 million tons, while shrimp production rose 8.1% to approximately 702,500 tons.

The expansion of shrimp farming is particularly important for aquafeed demand because shrimp production relies heavily on formulated feed, especially under intensive and high-density farming systems. Vietnam’s continued shift toward industrial, intensive and high-technology aquaculture is further increasing feed requirements per unit of production. During H1 2026, growth in aquaculture was supported by stronger production of key species, reinforcing demand for nutritionally optimized commercial feeds.

This production momentum is also consistent with Vietnam’s 2026 aquaculture target of approximately 6.25 million tons, representing a 2.2% increase from 2025. Consequently, continued expansion of feed-intensive fish and shrimp farming, combined with greater production intensity, is expected to increase aquafeed consumption and support market growth.

Recent Trends

Growing Shift Toward High-Tech and Intensive Aquaculture

The shift toward high-tech and intensive aquaculture is emerging as an important trend in Vietnam’s aquafeed market, as farmers increasingly adopt controlled production systems that require more precise feeding and specialized nutrition. In 2025, high-tech shrimp farming models in Vietnam incorporated biofloc technology, greenhouse and net-house systems, and two- to three-stage production, enabling farmers to monitor pond conditions, adjust stocking densities, and optimize feed use more accurately. These systems help improve productivity, quality, and production efficiency while reducing farming risks.

The trend is also encouraging investment in specialized aquafeed manufacturing. In July 2026, De Heus opened a marine and cold-water fish feed mill in Vinh Long Province with an annual production capacity of 168,000 tons. The facility is the company's first mill specifically dedicated to marine and cold-water fish feed, reflecting growing demand for specialized nutrition as Vietnam expands beyond conventional shrimp and pangasius production. De Heus stated that the facility incorporates advanced production technology and is designed to provide species-specific nutritional solutions.

Consequently, the increasing adoption of intensive farming systems is shifting aquafeed demand from basic commodity products toward high-performance, species-specific and technically optimized formulations. This trend provides feed manufacturers with opportunities to develop specialized diets for marine fish, shrimp and other high-value species while supporting farmers seeking improved feed efficiency, productivity and production consistency.

Vietnam Aquafeed Market Opportunities and Challenges

Disease Outbreaks and Shrimp Health Risks Driving Demand for Functional Aquafeeds

Disease outbreaks and declining shrimp health are a major challenge for Vietnam’s aquafeed industry, as disease-related mortality reduces farm productivity, stocking confidence and, consequently, feed consumption. The problem became particularly evident with translucent post-larvae disease (TPD) in Vietnam during 2025. Field experience from a 10-hectare shrimp farm in Bac Lieu showed that TPD affected multiple ponds and forced farmers to reduce production density; affected ponds were harvested at only 60–80 shrimp/m³ compared with the farm’s usual 150+ shrimp/m³

However, this challenge is creating a significant opportunity for functional and health-oriented aquafeeds containing probiotics, postbiotics and immunostimulants. A 2025 study involving whiteleg shrimp demonstrated that commercial probiotic supplementation improved growth and survival and enhanced resistance against Vibrio parahaemolyticus; the researchers reported approximately 50% lower mortality after eight weeks of probiotic supplementation under challenge conditions. Similarly, research published in 2025 found that probiotic supplementation improved shrimp resistance to Vibrio infection, supporting the development of functional nutritional solutions.

A particularly useful example is Skretting's AquaCare Control, a probiotic solution launched specifically in Vietnam. Skretting identified that Vietnamese shrimp producers were increasingly moving toward “super-intensive” farming, where optimal water quality is essential to reduce potentially harmful pathogens. Its AquaCare Control uses beneficial bacteria to improve water quality, utilize ammonia, and reduce organic waste, with the objective of improving farm productivity and biosecurity. Skretting also established a technical team in Vietnam to support farmers with water-quality monitoring

Consequently, disease pressure can accelerate the premiumization and functionalization of Vietnam’s aquafeed market, supporting both market value and long-term demand.

Segmentation Insights

Crustacean Feed Accounts for Approximately 47% of Vietnam Aquafeed Revenue

Crustacean feed remains the leading species segment, accounting for approximately 47% of revenue in 2026, mainly because of strong demand for shrimp feed. Whiteleg shrimp alone represented 46.5% of aquafeed revenue in Vietnam in 2026, making it the largest individual species segment. The strong economics of shrimp farming are reinforced by export demand, with Vietnam’s shrimp exports reaching a record USD 4.6 billion in 2025, up 19% year over year.

Feed demand is further supported by intensive shrimp production, which requires regular use of formulated feed to maintain growth and feed-conversion efficiency. Industry estimates indicate that Vietnam produced up to 920,000 tons of shrimp feed in 2025, supporting nearly 800,000 tons of shrimp production. The combination of expanding shrimp production, strong export earnings, and intensive farming practices therefore makes crustacean feed the leading revenue-generating segment. Based on species, the scope has been segmented into:

• Fish Feed
• Crustacean Feed
• Mollusk Feed
• Other Aquafeed

Dry Feed Represents the Largest Form Segment, Accounting for Approximately 63% of Revenue

Dry feed represents approximately 63% of revenue, making it the leading form because of its superior storage stability, handling convenience, transportation efficiency, and suitability for intensive farming systems. In Vietnam, the importance of efficient formulated feeding is particularly evident in intensive shrimp production.

A 2025 study of whiteleg shrimp farming in Ninh Thuan found that formulated feed was applied 2–4 times daily using feeding trays or mechanical dispensers, demonstrating the need for stable, easily handled feed products. Furthermore, Vietnam’s growing adoption of automated and precision feeding is reinforcing demand for standardized feed formats. A 2026 field study demonstrated 94.5% feeding accuracy using an autonomous feeding system for shrimp farming. These characteristics make dry feed particularly suitable for large-scale commercial operations. By form, the scope has been classified into

• Dry
• Wet
• Moist

Vietnam Aquafeed Market Competitive Analysis

Top 5 Companies Account for Approximately 26% Market Share

The Vietnam aquafeed market is highly fragmented, with leading companies such as C.P. Vietnam Corporation, Grobest Industrial (Vietnam) Co., Ltd., Sheng Long Bio-Tech International Co., Ltd., Unci-President Vietnam Co., Ltd., and Tongwei Vietnam Co., Ltd. collectively accounting for an estimated 26% of the shrimp aquafeed market.

Key Players in Vietnam Aquafeed Market

• C.P. Vietnam Corporation
• Grobest Industrial (Vietnam) Co., Ltd.
• Nutreco International (Vietnam) Co., Ltd.
• Cargill Vietnam Limited
• De Heus LLC
• Uni-President Vietnam Co., Ltd.
• Sheng Long Bio-Tech International Co., Ltd.
• Tongwei Vietnam Co., Ltd.
• GreenFeed Vietnam Corporation
• Viet Thang Feed Joint Stock Company
• Others

Vietnam Aquafeed Industry News and Recent Developments

August 2026: C.P. Vietnam Opens New Aquaculture Feed Mill

C.P. Vietnam inaugurated its fourth aquaculture feed mill in Ca Mau in August 2026, investing approximately USD 67 million (VND 1.725 trillion). The facility has annual capacity of 124,800 tons, specializes in shrimp feed, and uses automated production and SCADA systems to improve formulation accuracy and production efficiency.

Impact Analysis: The new 124,800-ton-per-year facility strengthens C.P. Vietnam’s domestic aquafeed production capacity and reinforces its position in Vietnam’s shrimp-feed segment. Automated manufacturing and SCADA systems can improve production consistency, formulation precision and operational efficiency. The investment also increases local supply availability, enabling C.P. Vietnam to serve Vietnam’s expanding intensive shrimp-farming sector while supporting demand for higher-performance commercial aquafeeds.

November 2025: Skretting Vietnam launches commercial shrimp feed with insect meal

Skretting Vietnam partnered with Entobel to commercialize shrimp feed containing insect meal in Vietnam in November 2025. The product incorporates Entobel’s H-Meal insect protein, providing an alternative to conventional protein sources such as fishmeal. The launch represents a shift toward more sustainable aquafeed formulations and demonstrates growing adoption of novel protein ingredients in Vietnam’s shrimp-feed industry

Impact Analysis: The commercialization of insect-meal-based shrimp feed strengthens the shift toward alternative and sustainable protein sources in Vietnam’s aquafeed industry. Using Entobel’s H-Meal can reduce reliance on conventional marine protein ingredients and support more resource-efficient feed formulations. The launch also encourages product innovation and premiumization, creating opportunities for aquafeed manufacturers to develop sustainable feeds addressing growing environmental and traceability requirements.