Market Size of vietnam feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 404.64 Million |
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Market Size (2029) | USD 517.42 Million |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 5.04 % |
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Fastest Growing by Additive | Acidifiers |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Feed Additives Market Analysis
The Vietnam Feed Additives Market size is estimated at 404.64 million USD in 2024, and is expected to reach 517.42 million USD by 2029, growing at a CAGR of 5.04% during the forecast period (2024-2029).
404.64 Million
Market Size in 2024 (USD)
517.42 Million
Market Size in 2029 (USD)
7.02 %
CAGR (2017-2023)
5.04 %
CAGR (2024-2029)
Largest Market by Additive
23.51 %
value share, Amino Acids, 2023
The amino acid is the largest segment owing to its benefits and application in animals for different purposes such as gut health, muscle development, and egg formation.
Largest Market by Animal
42.02 %
value share, Swine, 2023
The swine segment is the largest in the market because of the rising demand for exporting pork meat, the increase in the swine population, and the increasing feed production.
Fastest-growing Market by Additive
5.66 %
Projected CAGR, Acidifiers, 2024-2029
Acidifiers are the fastest growing segment as it helps in increasing animal feed intake, provide resistance to bacteria, and reduce dependence on antibiotics.
Fastest-growing Market by Animal
6.11 %
Projected CAGR, Poultry, 2024-2029
The poultry segment has witnessed the fastest growth in the market due to increased demand for eggs and poultry meat for consumption and muscle development.
Leading Market Player
12.05 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader, focusing on expanding its market penetration by partnering with Novozymes AS and acquiring Biomin Holding to expand its product portfolio.
- In 2022, the Vietnamese feed additives market was dominated by amino acids, binders, minerals, and probiotics, accounting for 54.7% of the market share, owing to their significant impact on the animal's growth and feed intake. Swine held a 42.5% share due to high feed intake and production, i.e., 6.6 million metric tons in 2022.
- In 2020, the market value of feed additives increased by 25.6% compared to 2019, primarily driven by the growing demand for pork meat, which accounted for 65-70% of protein consumption in the country.
- In 2022, lysine and methionine were Vietnam's most significant feed amino acids, accounting for 30.4% and 22.9% of the market value, respectively. The increased efficiency of these amino acids, such as improved gut health and digestion in animals and meat production, resulted in their higher market share.
- Synthetic binders held the largest share in 2022 in the binders segment, accounting for 64.4%. Synthetic binders serve in pellet feed and help prevent diseases by improving the animal’s digestion and nutrition intake.
- Acidifiers were the fastest-growing segment in the feed additives market. They are projected to record a CAGR of 5.6% during the forecast period. Acidifiers promote growth and increase metabolism, leading to higher feed intake in animals.
- Considering the significant impact of feed additives on animal nutrition, the demand for feed additives in Vietnam is expected to record a CAGR of 5.0% during the forecast period.
Understand The Key Trends Shaping This Market
