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The Vietnam aquafeed market was valued at US$ 280.4 Million in 2021.
We expect the Vietnam aquafeed market to exhibit a CAGR of 10.62% during 2022-2027.
The escalating consumption of seafood, along with the introduction of new feed variants produced from
high-quality natural and organic ingredients, is currently driving the Vietnam aquafeed market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across the nation resulting in temporary halt in various aquaculture activities and disruption
in supply chain for aquafeed.
Based on the ingredient, the Vietnam aquafeed market can be segmented into grains and cereals,
soybean, fish meal, additives, fish oil, and others. Currently, grains and cereals hold the majority of the
total market share.
Based on the additives, the Vietnam aquafeed market has been divided into amino acids, antibiotics,
vitamins, feed acidifiers, and others, where amino acids currently exhibit a clear dominance in the
Based on the product forms, the Vietnam aquafeed market can be categorized into pellets, extruded,
powdered, and liquid. Among these, pellets-form aquafeed currently accounts for the majority of the
total market share.
Based on the end user, the Vietnam aquafeed market has been segregated into catfish, shrimp,
mollusks, tilapia, carps, salmon, and others. Currently, catfish exhibits a clear dominance in the market.
Based on the distribution channel, the Vietnam aquafeed market can be bifurcated into direct to
farmers, local wholesalers, exports, and others. Among these, direct to farmers distribution channel
holds the largest market share.
On a regional level, the market has been classified into Southern Vietnam, Northern Vietnam, and
Central Vietnam, where Southern Vietnam currently dominates the market.
Some of the major players in the Vietnam aquafeed market include Cargill Inc., De Heus LLC, Proconco,
GreenFeed Vietnam Corp., Charoen Pokphand (CP), Uni President Vietnam, etc.
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