The Vietnam aquafeed market size reached US$ 345.1 Million in 2023. Looking forward, the market is projected to reach US$ 755.2 Million by 2032, exhibiting a growth rate (CAGR) of 9.09% during 2023-2032.
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.
2. What is the expected growth rate of the Vietnam aquafeed market during 2024-2032?
3. What are the key factors driving the Vietnam aquafeed market?
4. What has been the impact of COVID-19 on the Vietnam aquafeed market?
5. What is the breakup of the Vietnam aquafeed market based on the ingredient?
6. What is the breakup of the Vietnam aquafeed market based on the additives?
7. What is the breakup of the Vietnam aquafeed market based on the product forms?
8. What is the breakup of the Vietnam aquafeed market based on the end user?
9. What is the breakup of the Vietnam aquafeed market based on the distribution channel?
10. What are the key regions in the Vietnam aquafeed market?
11. Who are the key players/companies in the Vietnam aquafeed 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
This report 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 2024-2032. The 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
- Others
Breakup by Additives:
- Amino Acids
- Antibiotics
- Vitamins
- Feed Acidifiers
- Others
Breakup by Product Forms:
- Pellets
- Extruded
- Powdered
- Liquid
Breakup by End User:
- Catfish
- Shrimp
- Mollusks
- Tilapia
- Carps
- Salmon
- Others
Breakup by Distribution Channel:
- Direct to Farmers
- Local Wholesalers
- Exports
- Others
Breakup by Region:
- Southern Vietnam
- Northern Vietnam
- Central Vietnam
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
1. What was the size of the Vietnam aquafeed market in 2023?2. What is the expected growth rate of the Vietnam aquafeed market during 2024-2032?
3. What are the key factors driving the Vietnam aquafeed market?
4. What has been the impact of COVID-19 on the Vietnam aquafeed market?
5. What is the breakup of the Vietnam aquafeed market based on the ingredient?
6. What is the breakup of the Vietnam aquafeed market based on the additives?
7. What is the breakup of the Vietnam aquafeed market based on the product forms?
8. What is the breakup of the Vietnam aquafeed market based on the end user?
9. What is the breakup of the Vietnam aquafeed market based on the distribution channel?
10. What are the key regions in the Vietnam aquafeed market?
11. 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 | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 345.1 Million |
| Forecasted Market Value ( USD | $ 755.2 Million |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 5 |
