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Vietnam Animal Feed Market - Forecasts from 2020 to 2025

  • ID: 5125124
  • Report
  • June 2020
  • Region: Vietnam
  • Knowledge Sourcing Intelligence LLP


  • Alltech
  • Archer Daniels Midland
  • Cargill, Incorporated
  • D&B Hoovers
  • Dabaco Group
  • New Hope Group
The Vietnam Animal feed market is expected to grow at a compound annual growth rate of 5.06% over the forecast period to reach a market size of US$12.270 billion in 2025 from US$9.124 billion in 2019. According to the OECD, Vietnam continues to be one of the world’s top per-capita consumers of pork ranking third in Asia after China and Korea. The Vietnamese hog industry has developed rapidly since the 1990s to meet this demand and is the key driver of the local feed industry. After the swine price crash crisis in 2017, small and medium farms took time to rebound, whereas the larger companies following an integrated business model (feed- farm- food, or “3F”) that took advantage of cost-effective supply chains and either expanded their presence or entered the market. The recovery of the sector was seen in 2018. According to the Vietnam Ministry of Agriculture and Rural Development (MARD), commercial farming of livestock and poultry was estimated at 40 % and 48 %, respectively. However, African swine fever (ASF), which hit the northern provinces of Vietnam in February 2019 subsequently spread to the southern provinces in May 2019, has considerably affected the livestock industry. As a result, many small and household swine farms ceased to function, and the adjustment of choosing the source of protein in dietary patterns of the consumer as well as increased shopping patterns in modern retail chains. Therefore, the aforesaid dynamics led to the livestock industry led to the contraction of the Vietnamese feed industry in 2019 that is estimated to remain stagnant during 2020 due to the risk of a resurgence of ASF [Source: USDA].

Nevertheless, the reduced demand for pork after Tet (Lunar New Year) in January 2020 (which was at a 5-year peak just before the occasion ) and the temporary border closure with China in February 2020 due to COVID-19 have recently taken the pressure off of local pork prices, which are still very high compared to the previous year. At these profitable prices, farmers are motivated to restart their businesses and commercial farms to rebuild their pig herds using good biosecurity practices in light of the possibility of ASF recurrence. However, according to the USDA, the production of beef, poultry, and aquaculture in CY2019 increased by 4.4 %, 16.5 %, and 6.5 %, respectively, compared to that of 2018. Despite the aforesaid increasing production of beef, poultry, and aquaculture to offset the declining pork production, it has been estimated that the demand dropped significantly in 2019, in Vietnam. Although aquaculture also witnessed an expansion in2019, overall seafood exports were down by 3% to the tune of $8.54 billion compared to that of 2018, according to Vietnam Customs. The catfish and shrimp exports in 2019 were approximately $2.0 billion and $3.4 billion, respectively, a decline of 10% and 4% from 2018. Additionally, there is downward pressure of COVID-19 on catfish prices, which had already been affected by declining demand from major markets last year. The catfish farm-gate prices in February 2020 fluctuated around $0.82/kg, 42% lower than the previous year as per the statistics of the Vietnam Association of Seafood Exporters and Producers (VASEP). This may discourage catfish production expansion in 2020, thus grow marginally by 2% [Source: USDA]. Despite the dip in the animal feed consumption it is poised to rebound in 2021. Further, it expected to grow at a healthy CAGR during the forecast period.


By Type
  • Fodder
  • Forage
  • Compound Feed
By Livestock
  • Cattle
  • Swine
  • Poultry
  • Aquatic Animals
  • Others
By Source
  • Organic
  • Conventional
By Form
  • Liquid
  • Dry
By Production Systems
  • Integrated
  • Commercial mills
By Raw Material
  • Cereals & grains
  • Wheat
  • Maize
  • Barley
  • Oilseeds
  • Soybean
  • Rapeseed
  • Others
  • Pulses
  • Others
Note: Product cover images may vary from those shown


  • Alltech
  • Archer Daniels Midland
  • Cargill, Incorporated
  • D&B Hoovers
  • Dabaco Group
  • New Hope Group
1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Vietnam Animal Feed Market By Type
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed

6. Vietnam Animal Feed Market By Livestock
6.1. Introduction
6.2. Cattle
6.3. Swine
6.4. Poultry
6.5. Aquatic Animals
6.6. Others

7. Vietnam Animal Feed Market By Source
7.1. Introduction
7.2. Organic
7.3. Conventional

8. Vietnam Animal Feed Market By Form
8.1. Introduction
8.2. Liquid
8.3. Dry

9. Vietnam Animal Feed Market By Production Systems
9.1. Introduction
9.2. Integrated
9.3. Commercial mills

10. Vietnam Animal Feed Market By Raw Material
10.1. Introduction
10.2. Cereals & grains
10.2.1. Wheat
10.2.2. Maize
10.2.3. Barley
10.3. Oilseeds
10.3.1. Soybean
10.3.2. Rapeseed
10.3.3. Others
10.4. Pulses
10.5. Others

11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix

12. Company Profiles
12.1. CP Vietnam Livestock Corporation
12.2. Proconco Group
12.3. Dabaco Group
12.4. D&B Hoovers
12.5. Asia Nutrition Technologies
12.6. Cargill, Incorporated
12.7. New Hope Group
12.8. Alltech
12.9. Archer Daniels Midland

Note: Product cover images may vary from those shown
  • CP Vietnam Livestock Corporation
  • Proconco Group
  • Dabaco Group
  • D&B Hoovers
  • Asia Nutrition Technologies
  • Cargill, Incorporated
  • New Hope Group
  • Alltech
  • Archer Daniels Midland
Note: Product cover images may vary from those shown