Key Insights
The Vietnam aquafeed market, valued at approximately $2.63 billion in 2025, is projected to expand at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2033. This growth is driven by rising seafood demand in domestic and international markets, boosting aquaculture output and the need for premium aquafeed. Increasing consumer preference for sustainable and healthy seafood options further elevates demand for nutrient-rich, eco-friendly aquafeed. Key industry players, including Charoen Pokphand Group and Archer Daniels Midland Co., are actively investing in innovative feed formulation research and development. Additionally, government initiatives supporting sustainable aquaculture practices in Vietnam are contributing to market expansion. While challenges like raw material price volatility and disease outbreaks persist, the Vietnam aquafeed market offers significant opportunities. Technological advancements aimed at enhancing feed efficiency and minimizing environmental impact will shape the market. Specific segments, such as shrimp and catfish feed, are expected to see particularly strong growth due to high demand for these species.
Vietnam Aquafeed Market Market Size (In Billion)
The competitive landscape features a blend of global and local entities, with prominent players like Charoen Pokphand Group, Archer Daniels Midland Co., and Biomin GmbH holding substantial market share. The presence of numerous smaller, regional suppliers signifies a dynamic market. Future success hinges on adaptability to evolving consumer preferences, product innovation, and robust supply chain management. Effective risk mitigation strategies for raw material price fluctuations and disease prevention are critical for sustained growth. Market segmentation by feed type and species enables targeted strategies and customized product offerings. A continued emphasis on sustainability and responsible aquaculture will guide long-term strategic decisions for market participants.
Vietnam Aquafeed Market Company Market Share
Vietnam Aquafeed Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Vietnam aquafeed market, offering valuable insights for industry professionals, investors, and stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market structure, dynamics, key players, and future growth potential. The study leverages rigorous data analysis and expert insights to deliver actionable intelligence for strategic decision-making.
Vietnam Aquafeed Market Structure & Innovation Trends
This section analyzes the competitive landscape of the Vietnam aquafeed market, encompassing market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user demographics, and M&A activities. The market is moderately concentrated, with key players holding significant market shares. For example, Charoen Pokphand Group and Cargill Inc. individually hold an estimated xx% and xx% market share, respectively, while other players such as De Heus LLC and Nutreco NV collectively command approximately xx%.
- Market Concentration: Moderately concentrated, with top players holding significant shares.
- Innovation Drivers: Growing demand for sustainable and high-performance aquafeed, technological advancements in feed formulation and production.
- Regulatory Framework: Government initiatives promoting aquaculture development influence market dynamics.
- Product Substitutes: Limited direct substitutes, primarily alternative feed ingredients.
- End-User Demographics: Predominantly focused on commercial aquaculture farms of varying sizes.
- M&A Activities: The past five years have witnessed xx M&A deals, with a total estimated value of $xx Million. These activities primarily focus on expanding market reach and enhancing production capabilities.
Vietnam Aquafeed Market Dynamics & Trends
The Vietnam aquafeed market exhibits strong growth momentum, driven by several key factors. The aquaculture sector’s expansion, fueled by rising seafood demand and government support, is a primary growth catalyst. The market is experiencing a CAGR of xx% during the historical period (2019-2024) and is projected to maintain a CAGR of xx% during the forecast period (2025-2033). Market penetration in key segments, such as shrimp and catfish feed, remains high, exceeding xx%. Technological advancements in feed formulation, such as the incorporation of functional ingredients and precision nutrition, further stimulate market growth. Consumer preferences for sustainably sourced seafood influence the demand for aquafeed produced with environmentally friendly practices. Competitive dynamics are characterized by both intense competition and strategic collaborations among leading players.
Dominant Regions & Segments in Vietnam Aquafeed Market
The Mekong Delta region dominates the Vietnam aquafeed market due to its extensive aquaculture activities and favorable climatic conditions. Key drivers of this dominance include:
- Favorable Climate: Suitable for year-round aquaculture production.
- Established Infrastructure: Well-developed transportation networks supporting feed distribution.
- Government Support: Significant investments in aquaculture infrastructure and technology development within the region.
- High Aquaculture Density: High concentration of shrimp and catfish farms.
Shrimp and catfish remain the dominant species segments, reflecting Vietnam's significant production in these areas. The demand for high-quality feed formulated to meet the specific nutritional needs of these species drives substantial market growth. The premium segment, featuring specialized feeds incorporating functional ingredients, exhibits faster growth compared to the standard segment.
Vietnam Aquafeed Market Product Innovations
Recent product innovations include the development of functional aquafeed incorporating probiotics and prebiotics to enhance fish health and reduce reliance on antibiotics. This aligns with the growing consumer preference for sustainable and healthy seafood. Furthermore, there is a rising trend towards developing specialized feeds tailored to specific species and life stages, optimizing nutrient utilization and enhancing growth performance. These innovations aim to address specific market needs while simultaneously offering competitive advantages.
Report Scope & Segmentation Analysis
This report segments the Vietnam aquafeed market based on feed type (e.g., shrimp feed, catfish feed, other fish feed) and species (shrimp, catfish, tilapia, other fish). Each segment’s growth projections, market sizes, and competitive dynamics are analyzed. For instance, the shrimp feed segment is expected to dominate, driven by robust shrimp farming activities. Similarly, the catfish feed segment will also witness significant growth, reflecting the expansion of catfish farms.
Key Drivers of Vietnam Aquafeed Market Growth
The Vietnam aquafeed market's growth is driven by several factors:
- Growing Aquaculture Production: Vietnam is a major global aquaculture producer, leading to high demand for aquafeed.
- Rising Seafood Consumption: Increasing domestic and international demand for seafood fuels aquaculture growth.
- Government Support for Aquaculture: Government initiatives aimed at modernizing the aquaculture industry stimulate market expansion.
- Technological Advancements: Improvements in feed formulation and production technologies enhance efficiency and sustainability.
Challenges in the Vietnam Aquafeed Market Sector
Challenges include:
- Fluctuating Raw Material Prices: Dependence on imported raw materials leads to price volatility.
- Environmental Concerns: Sustainable aquaculture practices remain a significant challenge.
- Disease Outbreaks: Disease outbreaks can disrupt production and negatively impact market growth. For example, a disease outbreak in 2022 impacted production by approximately xx Million USD.
- Competition: Intense competition from both domestic and international players poses a challenge.
Emerging Opportunities in Vietnam Aquafeed Market
Emerging opportunities include:
- Sustainable and Eco-friendly Aquafeed: Growing demand for sustainable and environmentally friendly aquafeed offers opportunities for innovation.
- Functional Aquafeed: Development and application of functional aquafeed with added health benefits.
- Expansion into New Species: Exploration of alternative aquaculture species can drive market diversification.
- Technological Advancements: Implementation of advanced feed production technologies to improve efficiency.
Leading Players in the Vietnam Aquafeed Market Market
- Charoen Pokphand Group (Charoen Pokphand Group)
- Archer Daniels Midland Co (Archer Daniels Midland Co)
- Biomin GmbH (Biomin GmbH)
- Lallemand Vietnam
- Aller Aqua (Aller Aqua)
- Nutreco NV (Nutreco NV)
- BASF SE (BASF SE)
- De Heus LLC (De Heus LLC)
- Altech Inc
- Cargill Inc (Cargill Inc)
- INVE Aquaculture Inc (INVE Aquaculture Inc)
Key Developments in Vietnam Aquafeed Market Industry
- 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 increases production capacity and strengthens Skretting's position in the Vietnamese market.
- June 2022: Vietnam-based Sheng Long Group opened a new aquafeed mill, expanding domestic production capacity. This boosts local competition and provides more choices for aquaculture farmers.
- September 2021: The Vietnamese Ministry of Agriculture and Rural Development launched a USD 149 Million initiative to support the aquaculture sector in the Mekong Delta. This government investment significantly boosts the sector's growth and attracts further investment in the aquafeed industry.
Future Outlook for Vietnam Aquafeed Market Market
The Vietnam aquafeed market is poised for continued growth, driven by increasing aquaculture production, rising seafood demand, and government support. Opportunities exist in developing sustainable and innovative aquafeed solutions, catering to the evolving needs of the aquaculture industry. Strategic partnerships, technological advancements, and investments in research and development will play crucial roles in shaping the market's future. The market is expected to reach $xx Million by 2033.
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
-
1.1. Species
Vietnam Aquafeed Market Segmentation By Geography
- 1. Vietnam
Vietnam Aquafeed Market Regional Market Share
Geographic Coverage of Vietnam Aquafeed Market
Vietnam Aquafeed Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.6% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 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. 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. Vietnam Aquafeed Market Analysis, Insights and Forecast, 2020-2032
- 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
- 5.1.1. Species
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Vietnam
- 5.1. Market Analysis, Insights and Forecast - by Feed Type
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 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)
- 6.2.1 Charoen Pokphand Group
List of Figures
- Figure 1: Vietnam Aquafeed Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Vietnam Aquafeed Market Share (%) by Company 2025
List of Tables
- Table 1: Vietnam Aquafeed Market Revenue billion Forecast, by Feed Type 2020 & 2033
- Table 2: Vietnam Aquafeed Market Revenue billion Forecast, by Region 2020 & 2033
- Table 3: Vietnam Aquafeed Market Revenue billion Forecast, by Feed Type 2020 & 2033
- Table 4: Vietnam Aquafeed Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Vietnam Aquafeed Market?
The projected CAGR is approximately 4.6%.
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 2.63 billion 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 billion.
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 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
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
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