Vietnam Aquafeed Market Report Size, Share, Trends and Report 2033

Market Overview

The Vietnam aquafeed market was valued at USD 375.0 Million in 2024 and is projected to reach USD 779.0 Million by 2033. The market is anticipated to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period of 2025–2033. Growth is driven by Vietnam’s position as the fourth-largest seafood aquaculture producer globally, alongside increasing domestic seafood consumption and rising exports.

Study Assumption Years

• Base Year: 2024

• Historical Year/Period: 2019-2024

• Forecast Year/Period: 2025-2033

Vietnam Aquafeed Market Key Takeaways

• Current Market Size: USD 375.0 Million (2024)

• CAGR: 8.4%

• Forecast Period: 2025-2033

• Vietnam is ranked as the fourth-largest global producer of seafood from aquaculture, trailing China, Indonesia, and India.

• Major seafood products in Vietnam include shrimps, pangasius, tuna, and marine fish, sustaining the aquafeed demand.

• The market benefits from strong government support and advancements in feed manufacturing technology.

• Increased consumer incomes and changing diet preferences are driving higher seafood consumption domestically.

• Existing players have expanded production capacities, and new companies have entered the market due to rising demand.

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Market Growth Factors

The demand for aquafeed for aquaculture production in Vietnam is driven by its large scale of aquaculture production, as it is the fourth largest producer of seafood products from aquaculture globally with a large number of shrimp, pangasius, tuna, and other marine fish for feed. With an increase in production and exports in seafood, there is a larger market size and government incentives and policies.

As consumers behave, and as disposable income increases and diets change, seafood consumption grows. This spurred growth in the market for premixes and high-performance aquafeeds that satisfy the nutritional and sustainability requirements for aquaculture. Along with this, awareness of modern feeding practices and advances in feed manufacturing technology have been driving growth.

Additionally, existing manufacturers have expanded their production capacity, and a few new manufacturers have entered the market in the past few years. This increases competition, and expands the product portfolio. As feed formulation technologies improve, aquafeed in Vietnam will gain nutritional quality, feed conversion ratio, sustainability, and international competitiveness.

Market Segmentation

• 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

Each segment reflects critical components of the Vietnamese aquafeed market, enabling in-depth analysis of the industry structure between 2025 and 2033.

Regional Insights

Southern Vietnam dominates the aquafeed market in the country. The high concentration of aquaculture activities in this region supports its leading market position. While exact market share and CAGR figures for regional segments are not provided in the source, the report specifies Southern Vietnam as the primary regional hub within the national market landscape.

Key Players

• Cargill Inc.

• Charoen Pokphand Foods PCL

• De Heus Animal Nutrition

• GreenFeed Vietnam Corp.

• Uni President Vietnam

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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