Vietnam Aquafeed Market to Reach USD 779.0 Million by 2033, Bolstered by Adoption of Modern Feeding Practices

February 03, 2025 | Food & Beverages

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The latest report by IMARC Group, titled “Vietnam Aquafeed Market Report by Ingredient (Grains and Cereals, Soybean, Fish Meal, Additives, Fish Oil, and Others), Additives (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, and Others), Product Forms (Pellets, Extruded, Powdered, Liquid), End User (Catfish, Shrimp, Mollusks, Tilapia, Carps, Salmon, and Others), Distribution Channel (Direct to Farmers, Local Wholesalers, Exports, and Others), and Region 2025-2033,” finds that the Vietnam aquafeed market reached a value of USD 375.0 Million in 2024. Aquafeed is a compounded meal that is used to feed various aquatic animals like fish, crustaceans, and mollusks. It is produced from a mixture of additives, other supplements, and raw materials such as soybean meal, fishmeal, fish oil, and carp, depending on the age and requirement of the species. Aquafeed offers high nutritional value, growth-promoting, and immune-resistant benefits to aquatic animals. It also mitigates the effects of stress, decreases susceptibility to diseases, and enhances immunity among sea animals.

Vietnam Aquafeed Market Trends:

Vietnam is one of the largest aquaculture markets, with a high production volume of shrimp, pangasius, tuna, and marine fish. The market is primarily driven by the growing consumption of seafood among individuals, owing to the inflating per capita income level. Besides this, fish is widely preferred as a source of protein compared to cattle and poultry due to its low-fat, and high protein and vitamin content. As a result, the has been a rising demand for high-quality seafood products, which is propelling the market growth. Moreover, the market is also driven by the rising adoption of modern feeding practices and advancements in feed manufacturing technology. Furthermore, the introduction of new market players and the expansion of production capacities are also creating a positive outlook for the market. Looking forward, the market value is expected to reach USD 779.0 Million by 2033, exhibiting a CAGR of 8.4% during the forecast period (2025-2033).

Market Summary:

Based on the ingredient, the market has been segmented into grains and cereals, soybean, fish meal, additives, fish oil, and others.
On the basis of the additive, the market has been classified into amino acids, antibiotics, vitamins, feed acidifiers, and others.
The market has been categorized based on the product form into pellets, extruded, powdered, and liquid.
On the basis of the end user, the market has been segregated into catfish, shrimp, mollusks, tilapia, carps, salmon, and others.
Based on the distribution channel, the market has been segmented into direct to farmers, local wholesalers, exports, and others.
Region-wise, the market has been divided into Southern, Northern, and Central Vietnam.
The competitive landscape of the market has been examined, with some of the key players being Cargill Inc., Charoen Pokphand Foods PCL, De Heus Animal Nutrition, GreenFeed Vietnam Corp. and Uni President Vietnam.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons, Million USD
Segment Coverage	Ingredient, Additives, Product Forms, End User, Distribution Channel, Region
Region Covered	Southern Vietnam, Northern Vietnam, Central Vietnam
Companies Covered	Cargill Inc., Charoen Pokphand Foods PCL, De Heus Animal Nutrition, GreenFeed Vietnam Corp. and Uni President Vietnam
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Vietnam Aquafeed Market to Reach USD 779.0 Million by 2033, Bolstered by Adoption of Modern Feeding Practices

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