Compound Feed Market In Vietnam Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Compound Feed Market in Vietnam Report is Segmented by Ingredient (Cereals, Oilseeds and Derivatives, Fish Meal and Fish Oil, Supplements, and Other Ingredients) and Animal Type (Ruminants, Swine, Poultry, Aquaculture, and Other Animal Types). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

Vietnam Compound Feed Market Size

Vietnam Compound Feed Market Summary
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Vietnam Compound Feed Market Analysis

The Vietnam Compound Feed Market size is estimated at USD 12.92 billion in 2025, and is expected to reach USD 17.12 billion by 2030, at a CAGR of 5.8% during the forecast period (2025-2030).

Livestock production across Vietnam has been expanding to support the needs of the changing diet patterns of the regional population. According to the General Statistics Office of Vietnam, poultry production reached 2.3 million metric tons in 2023, up from 2.1 million metric tons in 2022. Vietnam's demographic shifts, marked by a burgeoning middle class and rising incomes, have transformed dietary preferences, leading to heightened per capita consumption of meat and seafood. The increasing share of livestock in agricultural output, coupled with rising disposable incomes, significantly propels the country's compound feed market.

With the rising preference for diverse food options and heightened protein intake, demand is surging for higher-value foods like meat, eggs, and milk, outpacing that for plant-based items such as cereals. Rising health consciousness and increasing income levels are steering the population towards a protein-rich diet, bolstering the consumption of meat and other animal-derived products. This surge in demand for animal-based goods has, in turn, spurred livestock production. Employing innovative feeding methods and products, these livestock receive optimal nutrition and enhanced feed conversion ratios. In Vietnam, milk consumption has seen a notable uptick over recent decades, paralleling improvements in living standards, GDP per capita, and healthcare. Annually, Vietnamese consume approximately 2 billion liters of milk, with 30% being fresh and 70% reconstituted. Projections from Vietnam's General Statistics Office (GSO) indicate a 40% rise in per capita milk consumption, forecasting an increase from 28 liters in 2021 to 40 liters by 2030.

Vietnam's feed industry heavily relies on imports for key raw materials, including soybean, corn, oilseed by-products, and fish meal. In response, the Vietnamese government is actively pursuing strategies to cultivate domestic feed ingredients, aiming to lessen this import dependency. For instance, in 2023, the Vietnamese Ministry, in collaboration with the Department of Livestock Production and several corporations, initiated a joint production model for animal feed and its ingredients in the Central Highlands provinces. This initiative is designed to boost the sourcing of domestic raw materials and curtail the reliance on imported feeds. These strategies not only bolster the sustainability and self-sufficiency of Vietnam’s livestock sector but also propel market growth.

Besides, many prominent players are increasingly fulfilling the compound feed requirements in Vietnam, particularly in the livestock industry. As a result, the market is poised for growth in the coming years, driven by the expansion of production units by major players and a growing awareness of the benefits of protein and nutrient-rich feed components for animals.

Vietnam Compound Feed Industry Overview

The Vietnamese compound feed market is highly fragmented, with several international and domestic players accounting for most of the market share. ADM Vietnam Co. Ltd, Cargill Incorporated, Alltech, Charoen Pokphand (CP) Vietnam, and De Heus Company Ltd are some of the major players in the country. New product launches, mergers and acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. Market players are focusing on making investments in innovation, collaborations, and expansions to increase their market share.

Vietnam Compound Feed Market Leaders

  1. Charoen Pokphand (CP) Vietnam

  2. Cargill, Incorporated

  3. DE HEUS COMPANY LIMITED

  4. Alltech Inc.

  5. ADM VIETNAM CO., LTD.

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Compound Feed Market Concentration
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Vietnam Compound Feed Market News

  • June 2024: Japfa Comfeed Vietnam Limited has expanded a factory project in Huong Canh town, Binh Xuyen district, Vinh Phuc province with an investment of USD 16.6 million to elevate its livestock farming capabilities towards modern industrial standards.
  • September 2023: De Heus Vietnam introduced a shrimp feed mill in Vinh Long province covering an area of 29,300 square meters. The facility has an annual production capacity of 50,000 metric tons and is equipped with five specialized production lines solely dedicated to the manufacturing of shrimp feed products.

Vietnam Compound Feed Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increase in Meat and Seafood Consumption
    • 4.2.2 Focus on Animal Health and Nutrition
    • 4.2.3 Initiatives by the Major Players
  • 4.3 Market Restraints
    • 4.3.1 Changing Raw Material Prices
    • 4.3.2 Strict Government Regulations
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Ingredient Type
    • 5.1.1 Grains and Cereals
    • 5.1.2 Oilseeds and Derivatives
    • 5.1.3 Fish Meal and Fish Oil
    • 5.1.4 Supplements
    • 5.1.5 Other Ingredient Types
  • 5.2 Animal Type
    • 5.2.1 Ruminants
    • 5.2.2 Swine
    • 5.2.3 Poultry
    • 5.2.4 Aquaculture
    • 5.2.5 Other Animal Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Share Analysis
  • 6.2 Most Adopted Strategies
  • 6.3 Company Profiles
    • 6.3.1 Charoen Pokphand (CP) Vietnam
    • 6.3.2 Cargill Incorporated
    • 6.3.3 ADM Vietnam Co. Ltd
    • 6.3.4 De Heus Company Limited
    • 6.3.5 Alltech Vietnam
    • 6.3.6 Land O'Lakes Purina
    • 6.3.7 Archer Daniels Midland
    • 6.3.8 GreenFeed (Vietnam) Co. Ltd
    • 6.3.9 New Hope Group
    • 6.3.10 DeKalb Feeds
    • 6.3.11 Kent Feeds
    • 6.3.12 Proconco
    • 6.3.13 Lai Thieu Feed Mill Co. Ltd
    • 6.3.14 Nutreco NV
    • 6.3.15 Austfeed
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vietnam Compound Feed Industry Segmentation

Compound feed is a nutritionally adequate feed for animals other than humans made by a specific formula, compounded to be fed as the sole ration, and capable of maintaining life and promoting production without any additional substance being consumed except water. It is a combination of different concentrate feed ingredients in suitable proportions. The Vietnamese compound feed market is segmented by Ingredients (Cereals, Oilseeds, and Derivatives, Fish Meal and Fish Oil, Supplements, and Other Ingredients) and Animal types (Ruminants, Swine, Poultry, Aquaculture, and Other Animal Types). The report offers market size and forecast in terms of value (USD) for all the above segments.

Ingredient Type Grains and Cereals
Oilseeds and Derivatives
Fish Meal and Fish Oil
Supplements
Other Ingredient Types
Animal Type Ruminants
Swine
Poultry
Aquaculture
Other Animal Types
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Vietnam Compound Feed Market Research Faqs

How big is the Vietnam Compound Feed Market?

The Vietnam Compound Feed Market size is expected to reach USD 12.92 billion in 2025 and grow at a CAGR of 5.80% to reach USD 17.12 billion by 2030.

What is the current Vietnam Compound Feed Market size?

In 2025, the Vietnam Compound Feed Market size is expected to reach USD 12.92 billion.

Who are the key players in Vietnam Compound Feed Market?

Charoen Pokphand (CP) Vietnam, Cargill, Incorporated, DE HEUS COMPANY LIMITED, Alltech Inc. and ADM VIETNAM CO., LTD. are the major companies operating in the Vietnam Compound Feed Market.

What years does this Vietnam Compound Feed Market cover, and what was the market size in 2024?

In 2024, the Vietnam Compound Feed Market size was estimated at USD 12.17 billion. The report covers the Vietnam Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Compound Feed Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Compound Feed Industry Report

Statistics for the 2025 Vietnam Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Compound Feed analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Vietnam Compound Feed Market Report Snapshots

Compare market size and growth of Vietnam Compound Feed Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed Market In Vietnam Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)