Key Market Indicators
Vietnam's pet food import is projected to rise from roughly 7.8 million kilograms in 2023 to approximately 9.5 million kilograms by 2028, with a compound annual growth rate (CAGR) of 3%. This marks a continuation of a trend observed since 2005, where demand has increased by an average of 4.8% each year. On the export front, Vietnam's pet food shipments are expected to climb from around 24.9 million kilograms in 2023 to nearly 30.7 million kilograms by 2028, reflecting a CAGR of 3.3%. This upward trajectory has been even more pronounced since 2007, with annual supply growth averaging 6.1%. These figures underscore Vietnam's growing role in the global pet food market, both as a consumer and a supplier.
