Key Market Indicators
Vietnam's animal feed imports are projected to rise significantly over the next five years. According to recent data, the country is expected to import approximately 508 million kilograms of animal feed by 2028, up from around 438 million kilograms in 2023. This marks an average annual growth rate of 2.4%. Since 2005, the demand for animal feed in Vietnam has seen a steady increase of 4% year on year. On the export front, Vietnam's animal feed industry is also experiencing robust growth. Exports are anticipated to reach roughly 274 million kilograms by 2028, compared to approximately 229 million kilograms in 2023. This represents a compound annual growth rate (CAGR) of 2.8%. The supply of animal feed for export has been on an upward trajectory since 2005, increasing by 5.1% annually. These figures highlight the expanding role of Vietnam in the global animal feed market, driven by both rising domestic demand and growing export capabilities.
