The wheat feed consumption in Vietnam saw significant fluctuations from 2014 to 2023, increasing from 0.586 million metric tons in 2014 to 2.75 million metric tons in 2023. The most notable growth occurred between 2015 and 2016, with a staggering year-on-year increase of 325.06%. After 2017, the consumption level stabilized, maintaining a steady growth rate year-on-year, averaging a 5.52% compound annual growth rate (CAGR) over the past five years. In 2023, the wheat feed consumption stood at 2.75 million metric tons, a 4.61% rise from the previous year.
Looking ahead from 2024 to 2028, the forecast predicts a continued upward trend, with a forecasted five-year CAGR of 2.98% and a total growth rate of 15.8% by 2028. This indicates a more moderate but consistent growth trajectory for wheat feed consumption in Vietnam.
Future trends to watch for include the impact of agricultural policies, technological advancements in feed production, and potential shifts in the livestock industry that could influence wheat feed demand. Additionally, global market dynamics and local dietary changes could play significant roles in shaping future consumption patterns.
