Vietnam Aquafeed Market Market Report: Trends and Growth

Vietnam Aquafeed Market by Feed Type (Species), by Vietnam Forecast 2025-2033

Jun 25 2025
Base Year: 2024

197 Pages
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Vietnam Aquafeed Market Market Report: Trends and Growth


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Key Insights

The Vietnam aquafeed market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided 2019-2024 data and 4.30% CAGR), presents a promising investment landscape. Driven by increasing aquaculture production, particularly in shrimp and catfish farming, the market is projected to experience robust growth throughout the forecast period (2025-2033). Rising consumer demand for seafood, coupled with government initiatives promoting sustainable aquaculture practices, are key drivers. Furthermore, the ongoing trend towards higher-quality, functional aquafeed enriched with probiotics and prebiotics is expected to fuel market expansion. However, challenges such as fluctuating raw material prices, environmental concerns related to aquaculture waste, and potential disease outbreaks could act as restraints. The market is segmented by feed type (e.g., shrimp feed, catfish feed, etc.) and species, with significant opportunities for specialized feed formulations catering to specific nutritional needs of various aquatic animals. Major players like Charoen Pokphand Group, Archer Daniels Midland Co., and Biomin GmbH are vying for market share through innovation and strategic partnerships. The regional focus on Vietnam reflects its position as a significant aquaculture producer in Southeast Asia.

The forecast period from 2025-2033 anticipates continued expansion, fueled by technological advancements in feed production, increasing awareness of sustainable aquaculture methods, and the growing importance of food security in Vietnam. Companies are investing in research and development to create innovative feed solutions that improve feed efficiency, reduce environmental impact, and enhance the overall health and productivity of farmed aquatic species. This, coupled with favorable government policies supporting the aquaculture sector, sets the stage for continued growth and increased market competition in the Vietnamese aquafeed market. Specific segment analysis within the feed types and species categories would further refine understanding of market dynamics and investment opportunities. Analyzing consumer preferences and their influence on feed formulation choices is critical for future market success.

Vietnam Aquafeed Market Research Report - Market Size, Growth & Forecast

Vietnam Aquafeed Market: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the Vietnam aquafeed market, covering market dynamics, growth trends, key players, and future outlook. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. This report is crucial for industry professionals, investors, and stakeholders seeking to understand and capitalize on the opportunities within this dynamic market. The report delves into the parent market of animal feed and the child market of aquafeed within Vietnam, providing granular insights into various segments like feed type and species.

Vietnam Aquafeed Market Dynamics & Structure

The Vietnam aquafeed market is characterized by a moderately concentrated structure, with both multinational corporations and domestic players competing for market share. Market concentration is estimated at xx%, with the top five players holding approximately xx% of the market. Technological innovation, particularly in feed formulation and sustainable aquaculture practices, is a key driver, while regulatory frameworks surrounding feed quality and environmental impact play a significant role. The market faces competitive pressure from substitute products, including those utilizing alternative protein sources. End-user demographics are shifting towards larger-scale commercial aquaculture operations, influencing feed demand and product specifications. M&A activity has been moderate in recent years, with xx deals recorded between 2019 and 2024, primarily focused on consolidation and expansion within the industry.

  • Market Concentration: xx% (estimated)
  • Top 5 Players Market Share: xx% (estimated)
  • M&A Deal Volume (2019-2024): xx
  • Key Innovation Drivers: Sustainable feed formulations, precision feeding technologies
  • Regulatory Landscape: Emphasis on feed quality, environmental regulations

Vietnam Aquafeed Market Growth Trends & Insights

The Vietnam aquafeed market experienced significant growth during the historical period (2019-2024), driven by the expanding aquaculture sector and increasing consumer demand for seafood. The market size reached xx million units in 2024, with a CAGR of xx% during this period. This growth trajectory is projected to continue during the forecast period (2025-2033), albeit at a slightly moderated pace. Technological disruptions, such as the adoption of precision feeding and automated systems, are enhancing efficiency and sustainability within the industry. Consumer preferences for sustainably produced seafood are also influencing market trends, driving demand for aquafeed that minimizes environmental impact. Market penetration of advanced feed technologies remains relatively low, presenting significant opportunities for growth. The estimated market size in 2025 is xx million units, projected to reach xx million units by 2033 with a CAGR of xx%.

Vietnam Aquafeed Market Growth

Dominant Regions, Countries, or Segments in Vietnam Aquafeed Market

The Mekong Delta region dominates the Vietnam aquafeed market, accounting for approximately xx% of total consumption in 2024. This dominance is attributed to the region's extensive aquaculture activities and favorable climatic conditions for fish and shrimp farming. The shrimp segment within the feed type category is the largest, holding a market share of approximately xx% due to high shrimp production and export volumes.

  • Key Drivers in the Mekong Delta: Extensive aquaculture infrastructure, favorable climate, government support for aquaculture development.
  • Shrimp Segment Dominance: High demand from domestic consumption and export markets.
  • Growth Potential: Expansion of aquaculture in other regions, diversification of farmed species.

Vietnam Aquafeed Market Product Landscape

The Vietnam aquafeed market offers a diverse range of products tailored to specific species and farming practices. Innovation focuses on developing feeds with improved nutritional profiles, enhanced digestibility, and reduced environmental impact. Key product features include customized formulations for different life stages, inclusion of functional ingredients for disease resistance, and sustainable sourcing of raw materials. Technological advancements, such as precision feeding systems and automated feed delivery, are enhancing feeding efficiency and optimizing resource utilization.

Key Drivers, Barriers & Challenges in Vietnam Aquafeed Market

Key Drivers:

  • Increasing demand for seafood
  • Expansion of aquaculture industry
  • Government support for aquaculture development
  • Technological advancements in feed production

Challenges and Restraints:

  • Fluctuations in raw material prices
  • Environmental concerns associated with aquaculture
  • Competition from imported feed
  • Regulatory compliance requirements

Emerging Opportunities in Vietnam Aquafeed Market

  • Growing demand for sustainable and eco-friendly aquafeed
  • Development of alternative protein sources for aquafeed
  • Expansion into new aquaculture species
  • Adoption of precision feeding technologies

Growth Accelerators in the Vietnam Aquafeed Market Industry

The long-term growth of the Vietnam aquafeed market will be driven by ongoing investments in aquaculture infrastructure, technological innovations aimed at improving feed efficiency and sustainability, and strategic partnerships between feed producers and aquaculture farms. Government policies promoting sustainable aquaculture practices and increased seafood consumption will also contribute to market expansion.

Key Players Shaping the Vietnam Aquafeed Market Market

  • Charoen Pokphand Group
  • Archer Daniels Midland Co
  • Biomin GmbH
  • Lallemand Vietna
  • Aller Aqua
  • Nutreco NV
  • BASF SE
  • De Heus LLC
  • Altech Inc
  • Cargill Inc
  • INVE Aquaculture Inc

Notable Milestones in Vietnam Aquafeed Market Sector

  • November 2022: Skretting opened its new fish feed factory, Lotus II, in Vietnam, with a production capacity of 100,000 tons per year. This significantly increased production capacity and enhanced market competition.
  • June 2022: Vietnam-based Sheng Long Group opened a new aquafeed mill, expanding domestic production capacity.
  • September 2021: Vietnam's Ministry of Agriculture and Rural Development launched a USD 149 million initiative to develop the aquaculture sector in the Mekong Delta, boosting the overall market.

In-Depth Vietnam Aquafeed Market Outlook

The Vietnam aquafeed market is poised for continued growth, driven by the factors mentioned above. Strategic opportunities exist for companies that can offer innovative, sustainable, and cost-effective feed solutions tailored to the specific needs of the Vietnamese aquaculture industry. The focus on sustainable aquaculture practices and the increasing demand for high-quality seafood will shape the future of this dynamic market. Companies focusing on research and development of advanced feed technologies and those establishing strong partnerships within the aquaculture value chain will be well-positioned to capitalize on the long-term growth potential.

Vietnam Aquafeed Market Segmentation

  • 1. Feed Type
    • 1.1. Species
      • 1.1.1. White Leg Shrimp (Litopenaeus vannamei)
      • 1.1.2. Giant Tiger Prawn (Penaeus Monodon)
      • 1.1.3. Pangasius
      • 1.1.4. Carp
      • 1.1.5. Catfish
      • 1.1.6. Tilapia
      • 1.1.7. Other Species

Vietnam Aquafeed Market Segmentation By Geography

  • 1. Vietnam
Vietnam Aquafeed Market Regional Share


Vietnam Aquafeed Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 4.30% from 2019-2033
Segmentation
    • By Feed Type
      • Species
        • White Leg Shrimp (Litopenaeus vannamei)
        • Giant Tiger Prawn (Penaeus Monodon)
        • Pangasius
        • Carp
        • Catfish
        • Tilapia
        • Other Species
  • By Geography
    • Vietnam


Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increased Demand for Meat; Initiatives By the Key Players; Focus on Animal nutrition and Health
      • 3.3. Market Restrains
        • 3.3.1. Shift Toward Vegan- Based Diet; Changing Raw Material Prices and Strict Government Rules to Restrict Market Growth
      • 3.4. Market Trends
        • 3.4.1. Increase in Export Demand for Aquaculture Products
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Vietnam Aquafeed Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Feed Type
      • 5.1.1. Species
        • 5.1.1.1. White Leg Shrimp (Litopenaeus vannamei)
        • 5.1.1.2. Giant Tiger Prawn (Penaeus Monodon)
        • 5.1.1.3. Pangasius
        • 5.1.1.4. Carp
        • 5.1.1.5. Catfish
        • 5.1.1.6. Tilapia
        • 5.1.1.7. Other Species
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1. Vietnam
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Charoen Pokphand Group
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Archer Daniels Midland Co
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Biomin GmbH
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Lallemand Vietna
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Aller Aqua
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Nutreco NV
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 BASF SE
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 De Heus LLC
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Altech Inc
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Cargill Inc
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 INVE Aquaculture Inc
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Vietnam Aquafeed Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Vietnam Aquafeed Market Share (%) by Company 2024

List of Tables

  1. Table 1: Vietnam Aquafeed Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Vietnam Aquafeed Market Revenue Million Forecast, by Feed Type 2019 & 2032
  3. Table 3: Vietnam Aquafeed Market Revenue Million Forecast, by Region 2019 & 2032
  4. Table 4: Vietnam Aquafeed Market Revenue Million Forecast, by Country 2019 & 2032
  5. Table 5: Vietnam Aquafeed Market Revenue Million Forecast, by Feed Type 2019 & 2032
  6. Table 6: Vietnam Aquafeed Market Revenue Million Forecast, by Country 2019 & 2032


Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Vietnam Aquafeed Market?

The projected CAGR is approximately 4.30%.

2. Which companies are prominent players in the Vietnam Aquafeed Market?

Key companies in the market include Charoen Pokphand Group, Archer Daniels Midland Co, Biomin GmbH, Lallemand Vietna, Aller Aqua, Nutreco NV, BASF SE, De Heus LLC, Altech Inc, Cargill Inc, INVE Aquaculture Inc.

3. What are the main segments of the Vietnam Aquafeed Market?

The market segments include Feed Type.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

Increased Demand for Meat; Initiatives By the Key Players; Focus on Animal nutrition and Health.

6. What are the notable trends driving market growth?

Increase in Export Demand for Aquaculture Products.

7. Are there any restraints impacting market growth?

Shift Toward Vegan- Based Diet; Changing Raw Material Prices and Strict Government Rules to Restrict Market Growth.

8. Can you provide examples of recent developments in the market?

November 2022: Skretting opened its new fish feed factory, Lotus II, in Vietnam. The fish feed factory consists of two independent lines with a production capacity of 100,000 tons per year.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Vietnam Aquafeed Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Vietnam Aquafeed Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Vietnam Aquafeed Market?

To stay informed about further developments, trends, and reports in the Vietnam Aquafeed Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.



Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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