Fueling a nation's protein engine, Vietnam's compound feed production soared to 24.5 million tons in 2022, a vibrant growth story told in the remarkable statistics of its aquafeed dominance, resilient poultry and swine sectors, and an increasingly sophisticated and consolidated industry.
Key Takeaways
- Vietnam's total compound feed production in 2022 reached 24.5 million metric tons, with aquafeed accounting for 52% of the total
- In 2023, Vietnam produced 12.8 million tons of aquafeed, representing a 6.1% year-on-year growth driven by aquaculture expansion
- Poultry feed production in Vietnam hit 6.2 million tons in 2022, up 4.3% from 2021 due to rising broiler demand
- Vietnam's swine feed consumption in 2023 was 5.4 million tons, up 6.2% from 2022 amid herd rebuilding
- Poultry feed demand reached 6.8 million tons in 2022, with broilers consuming 55%
- Aquafeed consumption in Vietnam hit 13.2 million tons in 2023, driven by shrimp and pangasius farming
- Vietnam imported 8.2 million tons of feed ingredients in 2023, primarily corn and soybean meal
- Corn imports for feed reached 7.5 million tons in 2022, 85% from US and Ukraine
- Soybean meal imports totaled 4.1 million tons in 2023, Argentina supplying 45%
- Vietnam's compound feed market size was $6.2 billion in 2023, growing 7.8% YoY
- Aquafeed market valued at $3.4 billion in 2022, projected CAGR 8.5% to 2028
- Poultry feed market reached $1.8 billion in 2023
- Cargill holds 15% market share in Vietnam feed in 2023, capacity 2.5 million tons
- CP Group Vietnam produced 4.2 million tons in 2022, 17% market share
- De Heus Vietnam capacity 1.8 million tons annually in 2023
Vietnam's feed industry is thriving, led by strong aquafeed growth and steady livestock sector recovery.
Consumption Statistics
- Vietnam's swine feed consumption in 2023 was 5.4 million tons, up 6.2% from 2022 amid herd rebuilding
- Poultry feed demand reached 6.8 million tons in 2022, with broilers consuming 55%
- Aquafeed consumption in Vietnam hit 13.2 million tons in 2023, driven by shrimp and pangasius farming
- Swine consumption per pig averaged 2.8 tons of feed in 2022, totaling 5.1 million tons
- Ruminant feed consumption grew to 1.35 million tons in 2023, with dairy at 35%
- Broiler feed consumption was 3.7 million tons in 2022, efficiency improving to 1.65 kg feed/kg gain
- Shrimp farming consumed 4.5 million tons of feed in 2023, FCR at 1.2:1
- Layer hen feed use averaged 110g/bird/day, totaling 2.9 million tons in 2022
- Pangasius sector feed consumption reached 1.6 million tons in 2023
- Pet food consumption surged to 180,000 tons in 2023, dogs at 65%
- Cattle feed consumption per head was 4.2 tons/year in 2022, total 920,000 tons
- Duck feed consumption totaled 720,000 tons in 2023
- Tilapia feed demand was 1.3 million tons in 2022, FCR 1.5:1
- Swine starter feed consumption 850,000 tons in 2023
- Black tiger shrimp feed use 1.9 million tons in 2022
- Beef cattle concentrate consumption 250,000 tons in 2023
- Broiler finisher feed 1.2 million tons in 2022
- Dairy cow TMR consumption averaged 18kg/day/head, total 450,000 tons in 2023
- Total livestock feed consumption excluding aqua was 14.1 million tons in 2022
- Feed use in organic poultry farming reached 120,000 tons in 2023
- Pig finisher feed consumption 2.1 million tons in 2022
- Aquafeed for tra fish (pangasius) consumed 1.4 million tons in 2023
- Pet bird feed consumption 25,000 tons in 2022
- Buffalo feed consumption totaled 430,000 tons in 2023
- Layer breeder feed use 320,000 tons in 2022
Consumption Statistics Interpretation
Vietnam's feed industry is clearly a case of "the pigs are recovering, the shrimp are thriving, and even the pets are eating better than ever," painting a picture of a nation diligently feeding its diverse and growing protein ambitions.
Import/Export Statistics
- Vietnam imported 8.2 million tons of feed ingredients in 2023, primarily corn and soybean meal
- Corn imports for feed reached 7.5 million tons in 2022, 85% from US and Ukraine
- Soybean meal imports totaled 4.1 million tons in 2023, Argentina supplying 45%
- Fishmeal imports were 320,000 tons in 2022, Peru at 60%
- Wheat imports for feed hit 1.8 million tons in 2023
- Vietnam exported 150,000 tons of compound feed in 2022, mainly to Cambodia and Laos
- DDGS imports reached 950,000 tons in 2023, US dominant supplier
- Cassava chip imports for feed were 1.2 million tons in 2022 from Cambodia
- Palm kernel expeller imports totaled 280,000 tons in 2023
- Vietnam's feed exports grew 12% to 170,000 tons in 2023
- Rice bran imports negligible, but domestic supply 1.1 million tons used in feed 2022
- Lysine imports for feed 85,000 tons in 2023, China 70%
- Methionine imports 45,000 tons in 2022
- Vietnam imported 650,000 tons of meat and bone meal in 2023
- Aquafeed ingredient imports valued at $2.8 billion in 2022
- Corn import value $2.1 billion in 2023
- Soybean imports (whole beans) 2.9 million tons for crushing in 2022
- Feed phosphate imports 220,000 tons in 2023, Morocco 50%
- Vietnam exported 45,000 tons of fishmeal in 2022
- Total feed raw material imports 9.5 million tons in 2023
- Rapeseed meal imports 180,000 tons in 2022
- Vitamin premix imports valued $120 million in 2023
- Sunflower meal imports 150,000 tons in 2022, Ukraine 40%
- Feed export value $85 million in 2023
- Copra meal imports 95,000 tons in 2022, Philippines main source
- Threonine imports 32,000 tons in 2023 for feed
Import/Export Statistics Interpretation
Vietnam's feed industry, in a testament to modern agricultural economics, has essentially outsourced its farmland globally, importing a staggering 9.5 million tons of raw materials to fuel its own livestock and aquaculture production, while quietly becoming a regional feed supplier to its neighbors.
Industry Players and Capacity
- Cargill holds 15% market share in Vietnam feed in 2023, capacity 2.5 million tons
- CP Group Vietnam produced 4.2 million tons in 2022, 17% market share
- De Heus Vietnam capacity 1.8 million tons annually in 2023
- Masan MeatLife feed division output 2.1 million tons in 2022
- Greenfeed Vietnam aquafeed capacity 1.2 million tons in 2023
- Proconco leads aquafeed with 12% share, 1.5 million tons production 2022
- Dabaco Group swine feed capacity 900,000 tons in 2023
- Anco Group total capacity 1.1 million tons, poultry focus 2022
- Japfa Comfeed Vietnam output 750,000 tons in 2023
- Vissan feed mill capacity 400,000 tons annually 2022
- Top 10 companies control 65% of feed market in 2023
- Uni-President Vietnam capacity 850,000 tons in 2022
- Betagro Vietnam aquafeed 600,000 tons production 2023
- Feedmill number reduced to 175 in 2023 from 200 in 2020 due to consolidation
- Cargill's aquafeed plant in Binh Dinh 800,000 tons capacity 2022
- CP's largest feed mill in Dong Nai 1.2 million tons/year 2023
- De Heus expanded to 2.0 million tons total capacity in 2023
- Local firms share 45% market in 2022, multinationals 55%
- Greenfeed's poultry feed output 650,000 tons in 2022
- Proconco shrimp feed capacity 700,000 tons 2023
- Masan targets 3 million tons capacity by 2025, current 2.3M in 2023
- SME feed mills average capacity 50,000 tons/year in 2022
- New Hope Group Vietnam entry with 500,000 tons capacity 2023
- Industry employment 45,000 direct jobs in 2022
- Top 5 aquafeed players: Proconco 18%, CP 15%, Greenfeed 12%, Cargill 10%, others 45% in 2023
- Poultry feed leaders: CP 20%, Cargill 16%, De Heus 14% share 2022
- Swine feed market: Masan 22%, Dabaco 18%, CP 15% in 2023
- Feed R&D investment by top firms $50 million in 2022
- Number of certified feed mills (ISO) 120 in 2023
Industry Players and Capacity Interpretation
While the CP Group and Cargill battle for the throne, the real story in Vietnam's feed industry is a calculated corporate chess match where the remaining 175 mills, having cannibalized the weak, now leverage R&D and niche dominance to secure every last grain of a fiercely consolidated 65% market share.
Market Value and Growth
- Vietnam's compound feed market size was $6.2 billion in 2023, growing 7.8% YoY
- Aquafeed market valued at $3.4 billion in 2022, projected CAGR 8.5% to 2028
- Poultry feed market reached $1.8 billion in 2023
- Swine feed sector valued $1.5 billion in 2022, recovering 10% post-ASF
- Overall feed industry CAGR 6.2% from 2018-2023, reaching $6.8 billion projected 2025
- Pet food market grew to $250 million in 2023, 15% YoY
- Ruminant feed market $420 million in 2022, CAGR 4.1%
- Feed additive market valued $180 million in 2023, enzymes 25%
- Shrimp feed market $1.2 billion in 2022
- Pangasius feed market $650 million in 2023
- Broiler feed pricing averaged $450/ton in Q4 2023, up 8%
- Compound feed price index rose 12% in 2022 to 15,200 VND/kg
- Aquafeed market share 55% of total in 2023, valued $3.7 billion
- Swine feed market forecast $1.7 billion by 2025, CAGR 7%
- Total feed market projected $8.1 billion in 2028
- Layer feed market $780 million in 2022
- Organic feed market grew 18% to $45 million in 2023
- Feed premix market $95 million in 2022
- Dairy feed segment $220 million in 2023, CAGR 5.2%
- Concentrate feed market $1.1 billion in 2022
- Vietnam feed industry growth rate 7.1% in 2023, highest in SEA
- Pet feed premium segment $80 million in 2023
- Poultry feed market share 28% of total in 2022, $1.7 billion
- Feed cost as % of pork production 65% in 2023
- Aquafeed price averaged $520/ton in 2022
- Total industry revenue $6.5 billion in 2023
Market Value and Growth Interpretation
Vietnam's feed industry is swimmingly prosperous, where aquafeed's dominant tide lifts all boats, but the real star might just be the pampered pet whose premium kibble signals a nation feeding its ambition as voraciously as its livestock.
Production Statistics
- Vietnam's total compound feed production in 2022 reached 24.5 million metric tons, with aquafeed accounting for 52% of the total
- In 2023, Vietnam produced 12.8 million tons of aquafeed, representing a 6.1% year-on-year growth driven by aquaculture expansion
- Poultry feed production in Vietnam hit 6.2 million tons in 2022, up 4.3% from 2021 due to rising broiler demand
- Swine feed output in Vietnam was 5.1 million tons in 2023, reflecting recovery post-ASF outbreaks
- Vietnam's cattle and buffalo feed production stood at 1.2 million tons in 2022, with a CAGR of 3.5% over 2018-2022
- Aquafeed production capacity in Vietnam exceeded 15 million tons annually by end-2023
- In Q4 2023, monthly feed production averaged 2.1 million tons, peaking at 2.3 million in December
- Vietnam's pet food production grew to 150,000 tons in 2022, a 12% increase
- Ruminant feed production reached 850,000 tons in 2023, supported by dairy herd expansion
- Vietnam manufactured 3.4 million tons of premixes and concentrates in 2022
- Shrimp feed production in Vietnam was 4.2 million tons in 2023, up 7.8% YoY
- Tilapia feed output hit 1.1 million tons in 2022, driven by export growth
- Layer feed production in Vietnam reached 2.8 million tons in 2023
- Broiler starter feed production was 1.9 million tons in 2022
- Vietnam's aquafeed pellet production capacity utilization was 92% in 2023
- Total feed mills in Vietnam numbered 182 in 2023, producing 25.1 million tons annually
- Corn-based feed production in Vietnam was 13.5 million tons in 2022
- Soybean meal incorporated feed reached 9.8 million tons in 2023 production
- Fishmeal usage in feed production totaled 450,000 tons in 2022
- Vietnam's extruded aquafeed production grew 8.2% to 2.7 million tons in 2023
- Pig grower feed production was 3.2 million tons in 2022
- Dairy cattle feed production hit 420,000 tons in 2023
- Vietnam produced 1.5 million tons of specialty aquafeed for pangasius in 2022
- Total concentrate feed production reached 4.1 million tons in 2023
- Poultry finisher feed output was 1.6 million tons in 2022
- Vietnam's feed production for ducks and geese totaled 650,000 tons in 2023
- Aquafeed for black tiger shrimp production was 1.8 million tons in 2022
- Beef cattle feed production grew to 380,000 tons in 2023
- Vietnam's total complete feed production was 20.3 million tons in 2022
- Layer mash feed production reached 1.4 million tons in 2023
Production Statistics Interpretation
Vietnam’s feed industry has firmly cast its lot with aquaculture, producing more fish food than anything else, but it hasn't forgotten to fatten the pigs, plump the poultry, and even cater to the family pet, all while grinding out millions of tons to keep the nation's protein engine humming.
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