The Vietnam aquafeed market size reached USD 375.0 Million in 2024. Looking forward, the research expects the market to reach USD 779.0 Million by 2033, exhibiting a growth rate (CAGR) of 8.4% during 2025-2033.
A major factor driving the demand of aquafeed in the country is its large aquaculture market. Vietnam is currently ranked as the fourth-largest producer of seafood from aquaculture, after China, Indonesia, and India. Moreover, changes in the diet preferences of consumers coupled with rising incomes have increased the consumption of seafood within the country creating a positive impact on the aquafeed market. Some of the major seafood products in Vietnam include shrimps, pangasius, tuna and marine fish.
Some of the other factors driving the market include rising exports, strong government support, advancements in feed manufacturing technology, rising awareness on the adoption of modern feeding practices, etc. Catalyzed, by the rising demand, existing players in the country have expanded their production capacities and several new players have also recently entered the market.
A major factor driving the demand of aquafeed in the country is its large aquaculture market. Vietnam is currently ranked as the fourth-largest producer of seafood from aquaculture, after China, Indonesia, and India. Moreover, changes in the diet preferences of consumers coupled with rising incomes have increased the consumption of seafood within the country creating a positive impact on the aquafeed market. Some of the major seafood products in Vietnam include shrimps, pangasius, tuna and marine fish.
Some of the other factors driving the market include rising exports, strong government support, advancements in feed manufacturing technology, rising awareness on the adoption of modern feeding practices, etc. Catalyzed, by the rising demand, existing players in the country have expanded their production capacities and several new players have also recently entered the market.
Key Market Segmentation:
The research provides an analysis of the key trends in each sub-segment of the Vietnam aquafeed market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on ingredient, additives, product forms, end user and distribution channel.Breakup by Ingredient:
- Grains and Cereals
- Soybean
- Fish Meal
- Additives
- Fish Oil
- Other.
Breakup by Additives:
- Amino Acids
- Antibiotics
- Vitamins
- Feed Acidifiers
- Other.
Breakup by Product Forms:
- Pellets
- Extruded
- Powdered
- Liqui.
Breakup by End User:
- Catfish
- Shrimp
- Mollusks
- Tilapia
- Carps
- Salmon
- Other.
Breakup by Distribution Channel:
- Direct to Farmers
- Local Wholesalers
- Exports
- Other.
Breakup by Region:
- Southern Vietnam
- Northern Vietnam
- Central Vietna.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Cargill Inc., Charoen Pokphand Foods PCL, De Heus Animal Nutrition, GreenFeed Vietnam Corp., Uni President Vietnam, etc.Key Questions Answered in This Report
- What was the size of the Vietnam aquafeed market in 2024?
- What is the expected growth rate of the Vietnam aquafeed market during 2025-2033?
- What are the key factors driving the Vietnam aquafeed market?
- What has been the impact of COVID-19 on the Vietnam aquafeed market?
- What is the breakup of the Vietnam aquafeed market based on the ingredient?
- What is the breakup of the Vietnam aquafeed market based on the additives?
- What is the breakup of the Vietnam aquafeed market based on the product forms?
- What is the breakup of the Vietnam aquafeed market based on the end user?
- What is the breakup of the Vietnam aquafeed market based on the distribution channel?
- What are the key regions in the Vietnam aquafeed market?
- Who are the key players/companies in the Vietnam aquafeed market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Vietnam Aquafeed Market
6 Market Breakup by Ingredient
7 Market Breakup by Additives
8 Market Breakup by Product Form
9 Market Breakup by End User
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cargill Inc.
- Charoen Pokphand Foods PCL
- De Heus Animal Nutrition
- GreenFeed Vietnam Corp.
- Uni President Vietnam
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 122 |
Published | June 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 375 Million |
Forecasted Market Value ( USD | $ 779 Million |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Vietnam |
No. of Companies Mentioned | 5 |