The Vietnam compound feed market is poised for significant expansion through 2031, driven by rising livestock production, growing meat and seafood consumption, and modernization of farming practices across the country. According to recent industry estimates, the market value is expected to grow from around USD 7.40 billion in 2025 to approximately USD 12.13 billion by 2031, representing a robust CAGR of around 8.6 % over 2026‑2031. This growth reflects Vietnam’s emergence as one of Southeast Asia’s fastest‑growing feed markets, supported by recovery from animal disease outbreaks and the expanding aquaculture export sector. Key Growth Drivers
Urbanization and increasing disposable incomes are driving higher consumption of poultry, pork, and seafood, fueling demand for quality compound feed formulations. Expanded commercial farming and integrated livestock systems are favoring scientifically formulated feeds that improve growth performance and efficiency. Vietnam’s role as a key exporter of shrimp and pangasius supports greater use of high‑performance aquatic feeds with traceable quality standards.
Producers are increasing formulation innovation—including functional additives and sustainable ingredient alternatives—to meet both regulatory requirements and market demand for eco‑friendly products. Poultry feeds accounted for the largest share of the market in 2025 (about 33.7 %) while aquaculture feeds are among the fastest‑growing segments due to export‑linked demand.
Grains and cereals remain the dominant ingredient group due to their energy contribution, though supplements and functional additives are gaining share with higher growth rates.
Despite strong growth prospects, the market faces raw material price volatility, as Vietnam relies heavily on imported corn, soybean, and fishmeal feed ingredients. Fluctuating commodity prices can impact production costs and margins for feed manufacturers. Additionally, regulatory efforts to limit antimicrobial feed additives and stricter environmental compliance are reshaping feed formulations and manufacturing practices, potentially increasing reformulation costs for producers.
Key players operating in the Vietnam compound feed market include multinational and domestic firms such as Charoen Pokphand Group, Cargill, Royal De Heus, GreenFeed Group, and CJ CheilJedang. These companies are leveraging advanced production technologies, value‑added products, and distribution networks to capture market share.
