Vietnam’s feed market is valued at US$729 million in 2025 and is projected to reach US$1.49 billion by 2034, growing at a compound annual rate of 8.3 percent, according to a report from Markets and Research → view source.
Key details:
- Value outlook: US$729 million in 2025; US$1.49 billion by 2034..
- Growth drivers: Population increase, higher protein consumption, urbanisation, government push for large-scale farming, aquaculture expansion, and rising exports.
- Imports: US$663 million in 2024, up 10 percent year on year. China (31 percent), Thailand (17 percent), and the US (9 percent) supply over half of imports. Other suppliers include South Korea, Taiwan, Malaysia, and the Netherlands.
- Market players: CP, New Hope, CJ, and GreenFeed expanding production capacity.
- Constraints: Heavy reliance on imported raw materials; occasional regional supply shortages, particularly for high-quality feed.
See also: Vietnam’s Animal Feed Industry 2025: Trends, Challenges & Key Players