The demand for soybean feed in Vietnam has seen varying trends from 2014 to 2023. In 2023, the volume stood at 440 thousand metric tons, reflecting a year-on-year increase of 1.38%. From 2018 to 2023, the compound annual growth rate (CAGR) was 1.27%, indicating steady but slow growth. Historically, the market experienced significant fluctuations, notably in 2015 with a -22.41% drop and a strong rebound in 2017 with a 49.16% increase. The market showed a consistent rise from 2019 onwards, albeit at a decreasing year-on-year growth rate.

Future trends to watch for:

Projected CAGR over the next five years is 0.92%, indicating modest growth.
Increasing focus on sustainable agriculture and alternative feed ingredients could influence soybean feed demand.
Government policies and macroeconomic factors will play crucial roles in shaping the market landscape.