Vietnam Animal Feed Market Size, Share, Trends and Forecast 2026-2034

The Vietnam animal feed market was valued at USD 2.24 Billion in 2025 and is expected to reach USD 3.5 Billion by 2034, growing at a CAGR of 4.98% over the forecast period from 2026 to 2034. This growth is driven by the expanding livestock and aquaculture industries, rising domestic consumption of meat and seafood, and increasing urbanization and disposable incomes. Government initiatives promoting sustainable livestock production and modern practices further accelerate market development.

Study Assumption Years

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Vietnam Animal Feed Market Key Takeaways

• The Vietnam animal feed market size was valued at USD 2.24 Billion in 2025 and is projected to reach USD 3.5 Billion by 2034, growing at a CAGR of 4.98% from 2026-2034.
• Poultry animal feed dominates the market with a 30% share in 2025, driven by rising demand for affordable protein sources and expanding commercial poultry farming.
• Fodder leads the product category with a 54% share in 2025, reflecting increasing demand for high-quality forage supporting livestock production and sustainable farming.
• Northern Vietnam leads the regional market with a 28.3% share, benefiting from concentrated livestock farming and established feed manufacturing infrastructure.
• The market features a moderately competitive landscape with both multinational and domestic manufacturers focusing on advanced formulations and sustainable practices.
• Government regulations under the Law on Animal Husbandry promote quality standards, encouraging adoption of advanced feed technologies.

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Market Growth Factors

Vietnam's economic growth and corresponding rise in purchasing power led to an increase in the availability and consumption of protein-rich foods including poultry, pork and fish and seafood. In 2023 Vietnam imported US$1.5 billion (783,800 tonnes) worth of fresh and processed meat products, making it the 27th largest import market for meat globally. Main suppliers are China (15.9%), the United States (8.3%) and Japan (7.7%). Growing demand for meat products has led to the need for nutritionally balanced animal feed, to increase livestock productivity. Government initiatives exist to address and improve food security and nutrition.

The livestock industry is in a transition period from backyard homesteads to commercial and semi-industrial production, requiring standardized compound feeds. Large poultry and pig production farms exist throughout the country, owned by local and foreign investors, and applying modern technology and management processes. The aquaculture sector is growing with shrimp and fish farming for both domestic and export markets, providing a dependable source of customers for feed manufacturers, who can provide consistent and quality products at competitive prices.

The processing technology includes automatic micro-dosing technology combined with nutrition technology and functional ingredients (e.g., probiotics, prebiotics, enzymes, amino acids) to improve the health of livestock and feed conversion. Major related companies in Vietnam have invested in research and development to meet the needs of the livestock sector in the domestic market to increase quality and output.

Market Segmentation

• Type:
• Poultry Animal Feed: Holds a leading 30% market share in 2025, driven by expanding commercial poultry farming and consumer preference for affordable chicken meat.
• Product:
• Fodder: Dominates with a 54% share in 2025, reflecting widespread use in sustainable livestock feeding systems across traditional and commercial farms.
• Region:
• Northern Vietnam: Largest regional market with 28.3% share in 2025, supported by intensive livestock farming, developed infrastructure, and feed manufacturing clusters.

Regional Insights

Northern Vietnam holds the dominant position in the Vietnam animal feed market with a 28.3% share in 2025. The region benefits from intensive livestock farming activities in the Red River Delta, advanced agricultural infrastructure, proximity to major consumption centers, and established distribution networks. Cooler climate conditions and government investments in veterinary and breeding programs further enhance livestock productivity, supporting sustained market growth.

Recent Developments & News

• In December 2025, Vietnam Agribusiness Limited inaugurated its second soybean crushing line at Phu My Industrial Park, increasing capacity to nearly two million tonnes of soybean meal annually, meeting 30% of the domestic animal feed demand.
• In June 2024, Japfa Comfeed expanded its factory in Binh Xuyen district, investing significantly to boost animal feed production capacity in Northern Vietnam.
• In January 2024, a major international feed producer launched a state-of-the-art premix plant in Binh Duong province, catering to Vietnam's growing animal feed market.

Key Players

• Vietnam Agribusiness Limited
• Japfa Comfeed
• Aboitiz Foods Group

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