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
1Vietnam's swine feed consumption in 2023 was 5.4 million tons, up 6.2% from 2022 amid herd rebuilding
Verified2Poultry feed demand reached 6.8 million tons in 2022, with broilers consuming 55%
Verified3Aquafeed consumption in Vietnam hit 13.2 million tons in 2023, driven by shrimp and pangasius farming
Verified4Swine consumption per pig averaged 2.8 tons of feed in 2022, totaling 5.1 million tons
Directional5Ruminant feed consumption grew to 1.35 million tons in 2023, with dairy at 35%
Single source6Broiler feed consumption was 3.7 million tons in 2022, efficiency improving to 1.65 kg feed/kg gain
Verified7Shrimp farming consumed 4.5 million tons of feed in 2023, FCR at 1.2:1
Verified8Layer hen feed use averaged 110g/bird/day, totaling 2.9 million tons in 2022
Verified9Pangasius sector feed consumption reached 1.6 million tons in 2023
Directional10Pet food consumption surged to 180,000 tons in 2023, dogs at 65%
Single source11Cattle feed consumption per head was 4.2 tons/year in 2022, total 920,000 tons
Verified12Duck feed consumption totaled 720,000 tons in 2023
Verified13Tilapia feed demand was 1.3 million tons in 2022, FCR 1.5:1
Verified14Swine starter feed consumption 850,000 tons in 2023
Directional15Black tiger shrimp feed use 1.9 million tons in 2022
Single source16Beef cattle concentrate consumption 250,000 tons in 2023
Verified17Broiler finisher feed 1.2 million tons in 2022
Verified18Dairy cow TMR consumption averaged 18kg/day/head, total 450,000 tons in 2023
Verified19Total livestock feed consumption excluding aqua was 14.1 million tons in 2022
Directional20Feed use in organic poultry farming reached 120,000 tons in 2023
Single source21Pig finisher feed consumption 2.1 million tons in 2022
Verified22Aquafeed for tra fish (pangasius) consumed 1.4 million tons in 2023
Verified23Pet bird feed consumption 25,000 tons in 2022
Verified24Buffalo feed consumption totaled 430,000 tons in 2023
Directional25Layer breeder feed use 320,000 tons in 2022
Single sourceConsumption 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
1Vietnam imported 8.2 million tons of feed ingredients in 2023, primarily corn and soybean meal
Verified2Corn imports for feed reached 7.5 million tons in 2022, 85% from US and Ukraine
Verified3Soybean meal imports totaled 4.1 million tons in 2023, Argentina supplying 45%
Verified4Fishmeal imports were 320,000 tons in 2022, Peru at 60%
Directional5Wheat imports for feed hit 1.8 million tons in 2023
Single source6Vietnam exported 150,000 tons of compound feed in 2022, mainly to Cambodia and Laos
Verified7DDGS imports reached 950,000 tons in 2023, US dominant supplier
Verified8Cassava chip imports for feed were 1.2 million tons in 2022 from Cambodia
Verified9Palm kernel expeller imports totaled 280,000 tons in 2023
Directional10Vietnam's feed exports grew 12% to 170,000 tons in 2023
Single source11Rice bran imports negligible, but domestic supply 1.1 million tons used in feed 2022
Verified12Lysine imports for feed 85,000 tons in 2023, China 70%
Verified13Methionine imports 45,000 tons in 2022
Verified14Vietnam imported 650,000 tons of meat and bone meal in 2023
Directional15Aquafeed ingredient imports valued at $2.8 billion in 2022
Single source16Corn import value $2.1 billion in 2023
Verified17Soybean imports (whole beans) 2.9 million tons for crushing in 2022
Verified18Feed phosphate imports 220,000 tons in 2023, Morocco 50%
Verified19Vietnam exported 45,000 tons of fishmeal in 2022
Directional20Total feed raw material imports 9.5 million tons in 2023
Single source21Rapeseed meal imports 180,000 tons in 2022
Verified22Vitamin premix imports valued $120 million in 2023
Verified23Sunflower meal imports 150,000 tons in 2022, Ukraine 40%
Verified24Feed export value $85 million in 2023
Directional25Copra meal imports 95,000 tons in 2022, Philippines main source
Single source26Threonine imports 32,000 tons in 2023 for feed
VerifiedImport/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
1Cargill holds 15% market share in Vietnam feed in 2023, capacity 2.5 million tons
Verified2CP Group Vietnam produced 4.2 million tons in 2022, 17% market share
Verified3De Heus Vietnam capacity 1.8 million tons annually in 2023
Verified4Masan MeatLife feed division output 2.1 million tons in 2022
Directional5Greenfeed Vietnam aquafeed capacity 1.2 million tons in 2023
Single source6Proconco leads aquafeed with 12% share, 1.5 million tons production 2022
Verified7Dabaco Group swine feed capacity 900,000 tons in 2023
Verified8Anco Group total capacity 1.1 million tons, poultry focus 2022
Verified9Japfa Comfeed Vietnam output 750,000 tons in 2023
Directional10Vissan feed mill capacity 400,000 tons annually 2022
Single source11Top 10 companies control 65% of feed market in 2023
Verified12Uni-President Vietnam capacity 850,000 tons in 2022
Verified13Betagro Vietnam aquafeed 600,000 tons production 2023
Verified14Feedmill number reduced to 175 in 2023 from 200 in 2020 due to consolidation
Directional15Cargill's aquafeed plant in Binh Dinh 800,000 tons capacity 2022
Single source16CP's largest feed mill in Dong Nai 1.2 million tons/year 2023
Verified17De Heus expanded to 2.0 million tons total capacity in 2023
Verified18Local firms share 45% market in 2022, multinationals 55%
Verified19Greenfeed's poultry feed output 650,000 tons in 2022
Directional20Proconco shrimp feed capacity 700,000 tons 2023
Single source21Masan targets 3 million tons capacity by 2025, current 2.3M in 2023
Verified22SME feed mills average capacity 50,000 tons/year in 2022
Verified23New Hope Group Vietnam entry with 500,000 tons capacity 2023
Verified24Industry employment 45,000 direct jobs in 2022
Directional25Top 5 aquafeed players: Proconco 18%, CP 15%, Greenfeed 12%, Cargill 10%, others 45% in 2023
Single source26Poultry feed leaders: CP 20%, Cargill 16%, De Heus 14% share 2022
Verified27Swine feed market: Masan 22%, Dabaco 18%, CP 15% in 2023
Verified28Feed R&D investment by top firms $50 million in 2022
Verified29Number of certified feed mills (ISO) 120 in 2023
DirectionalIndustry 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
1Vietnam's compound feed market size was $6.2 billion in 2023, growing 7.8% YoY
Verified2Aquafeed market valued at $3.4 billion in 2022, projected CAGR 8.5% to 2028
Verified3Poultry feed market reached $1.8 billion in 2023
Verified4Swine feed sector valued $1.5 billion in 2022, recovering 10% post-ASF
Directional5Overall feed industry CAGR 6.2% from 2018-2023, reaching $6.8 billion projected 2025
Single source6Pet food market grew to $250 million in 2023, 15% YoY
Verified7Ruminant feed market $420 million in 2022, CAGR 4.1%
Verified8Feed additive market valued $180 million in 2023, enzymes 25%
Verified9Shrimp feed market $1.2 billion in 2022
Directional10Pangasius feed market $650 million in 2023
Single source11Broiler feed pricing averaged $450/ton in Q4 2023, up 8%
Verified12Compound feed price index rose 12% in 2022 to 15,200 VND/kg
Verified13Aquafeed market share 55% of total in 2023, valued $3.7 billion
Verified14Swine feed market forecast $1.7 billion by 2025, CAGR 7%
Directional15Total feed market projected $8.1 billion in 2028
Single source16Layer feed market $780 million in 2022
Verified17Organic feed market grew 18% to $45 million in 2023
Verified18Feed premix market $95 million in 2022
Verified19Dairy feed segment $220 million in 2023, CAGR 5.2%
Directional20Concentrate feed market $1.1 billion in 2022
Single source21Vietnam feed industry growth rate 7.1% in 2023, highest in SEA
Verified22Pet feed premium segment $80 million in 2023
Verified23Poultry feed market share 28% of total in 2022, $1.7 billion
Verified24Feed cost as % of pork production 65% in 2023
Directional25Aquafeed price averaged $520/ton in 2022
Single source26Total industry revenue $6.5 billion in 2023
VerifiedMarket 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
1Vietnam's total compound feed production in 2022 reached 24.5 million metric tons, with aquafeed accounting for 52% of the total
Verified2In 2023, Vietnam produced 12.8 million tons of aquafeed, representing a 6.1% year-on-year growth driven by aquaculture expansion
Verified3Poultry feed production in Vietnam hit 6.2 million tons in 2022, up 4.3% from 2021 due to rising broiler demand
Verified4Swine feed output in Vietnam was 5.1 million tons in 2023, reflecting recovery post-ASF outbreaks
Directional5Vietnam's cattle and buffalo feed production stood at 1.2 million tons in 2022, with a CAGR of 3.5% over 2018-2022
Single source6Aquafeed production capacity in Vietnam exceeded 15 million tons annually by end-2023
Verified7In Q4 2023, monthly feed production averaged 2.1 million tons, peaking at 2.3 million in December
Verified8Vietnam's pet food production grew to 150,000 tons in 2022, a 12% increase
Verified9Ruminant feed production reached 850,000 tons in 2023, supported by dairy herd expansion
Directional10Vietnam manufactured 3.4 million tons of premixes and concentrates in 2022
Single source11Shrimp feed production in Vietnam was 4.2 million tons in 2023, up 7.8% YoY
Verified12Tilapia feed output hit 1.1 million tons in 2022, driven by export growth
Verified13Layer feed production in Vietnam reached 2.8 million tons in 2023
Verified14Broiler starter feed production was 1.9 million tons in 2022
Directional15Vietnam's aquafeed pellet production capacity utilization was 92% in 2023
Single source16Total feed mills in Vietnam numbered 182 in 2023, producing 25.1 million tons annually
Verified17Corn-based feed production in Vietnam was 13.5 million tons in 2022
Verified18Soybean meal incorporated feed reached 9.8 million tons in 2023 production
Verified19Fishmeal usage in feed production totaled 450,000 tons in 2022
Directional20Vietnam's extruded aquafeed production grew 8.2% to 2.7 million tons in 2023
Single source21Pig grower feed production was 3.2 million tons in 2022
Verified22Dairy cattle feed production hit 420,000 tons in 2023
Verified23Vietnam produced 1.5 million tons of specialty aquafeed for pangasius in 2022
Verified24Total concentrate feed production reached 4.1 million tons in 2023
Directional25Poultry finisher feed output was 1.6 million tons in 2022
Single source26Vietnam's feed production for ducks and geese totaled 650,000 tons in 2023
Verified27Aquafeed for black tiger shrimp production was 1.8 million tons in 2022
Verified28Beef cattle feed production grew to 380,000 tons in 2023
Verified29Vietnam's total complete feed production was 20.3 million tons in 2022
Directional30Layer mash feed production reached 1.4 million tons in 2023
Single sourceProduction 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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