Vietnam Aquatic Feed Market to Grow with a CAGR of 8.55% through 2030

Vietnam Aquatic Feed Market is expanding rapidly, driven by rapid aquaculture expansion, rising demand for high‑quality functional feeds, and technological innovation in feed production.

According to TechSci Research report, “Vietnam Aquatic Feed Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Vietnam Aquatic Feed Market stood at USD 377.85 Million in 2024 and is anticipated to grow USD 618.31 Million by 2030 with a CAGR of 8.55% during forecast period. The Vietnam aquatic feed market has emerged as a dynamic and rapidly growing sector, fueled by the country’s robust aquaculture industry. Vietnam ranks among the world’s top seafood exporters, particularly for shrimp and pangasius, and this global demand has created a strong need for efficient, high-quality aquatic feed. Aquaculture is central to the country’s agricultural economy, and the increasing shift toward commercial fish and shrimp farming has driven the transition from traditional, farm-made feeds to nutritionally optimized, industrial feed formulations.

With increasing awareness of the role of feed in animal health, immunity, and growth performance, feed producers are focusing on precise formulations that cater to the nutritional needs of different aquatic species at various life stages. This trend toward precision nutrition is helping improve feed conversion ratios and reduce wastage, thereby increasing productivity for farmers. Moreover, there is a growing emphasis on incorporating functional ingredients such as probiotics, enzymes, and immune boosters into feed formulations to reduce dependency on antibiotics and align with global sustainability and food safety standards.

Environmental concerns, coupled with pressure from international buyers and regulators, are encouraging a shift away from marine-based inputs like fishmeal and fish oil toward more eco-friendly and renewable ingredients. Innovations in plant-based proteins, insect meals, algae-derived nutrients, and microbial proteins are being explored as sustainable alternatives. These developments not only help address environmental issues but also protect feed producers and farmers from price volatility in global commodity markets. Furthermore, improving digestibility and reducing nutrient leaching into the water are becoming top priorities, as stakeholders strive to minimize the ecological footprint of aquaculture operations.

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The Vietnam Aquatic Feed Market is segmented into feed type, form and company.

Based on the form, dry feed segment was the dominating segment in Vietnam’s aquatic feed market, primarily due to its longer shelf life, ease of handling, and cost-effectiveness. Widely used in commercial aquaculture operations, dry feed is especially preferred by farmers cultivating pangasius, tilapia, and other freshwater species. Its advantages include better storage, reduced transportation costs, and suitability for automated and controlled feeding systems. Dry feed also supports large-scale production with consistent quality and nutrient formulation, which is essential for export-focused aquaculture. With ongoing improvements in pellet durability, floatability, and nutritional balance, dry feed continues to be the first choice for many farmers across Vietnam.

Based on the region, Northern Vietnam is rapidly becoming the fastest-growing region in Vietnam’s aquatic feed market, fueled by expanding aquaculture in provinces like Hanoi, Quang Ninh, and Bac Ninh. Traditionally overshadowed by the Mekong Delta, the North is seeing a surge in high-tech shrimp and freshwater fish farming, bolstered by intensive systems such as biofloc, pond-in-pond, and multi-stage shrimp production. Hanoi alone now cultivates over 24,000 hectares using VietGAP and intensive methods, achieving high yields through modern feed input. Quang Ninh is emerging as a marine aquaculture hub, with high-tech shrimp farming expanding across more than 8,800 hectares in brackish water. With increasing investments and farmer adoption of commercial feeds, Northern Vietnam is riding a powerful wave of aquafeed-driven growth.

Major companies operating in Vietnam Aquatic Feed Market are:

• Archer Daniels Midland Co.
• Cargill Vietnam Ltd.
• Nutreco International (Vietnam) Ltd.
• BASF Vietnam Co. Ltd - Chi Nhánh Bình Dương
• Biomin Vietnam Co., Ltd
• INVE Aquaculture Inc.
• Anvet Pharma Jsc
• GreenFeed Vietnam Corp
• De Heus Vietnam
• Alltech Inc.

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“Vietnam’s aquatic feed market is driven by the rapid expansion of aquaculture, particularly shrimp and pangasius farming, and rising demand for high-quality, performance-enhancing feeds. Technological innovations in feed formulation and supportive government policies further boost market growth. A key trend is the shift toward sustainable feed ingredients such as insect meal and plant-based proteins. Precision nutrition and species-specific formulations are gaining popularity among commercial farms.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vietnam Aquatic Feed Market By Feed Type (Fish, Mollusks, Shrimps, Others), By Form (Dry, Wet), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam Aquatic Feed Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Vietnam Aquatic Feed Market.

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