Vietnam Pet Food Market 2023


Market Overview

According to the latest estimates, the pet food market in Vietnam is set to achieve an incremental growth of USD 76.6 million, accelerating at a CAGR of almost 13.2% during the forecast period 2023-2028. Rising pet guardianship in the country stems from evolving sociocultural perspectives that are more accommodating of companion animal inclusion. As attitudes adjust and individual circumstances allow for responsible care commitments, the number of pet-owning households is expanding. This enlarges the potential customer base for pet foods.

Concurrently, more individuals are viewing pets as valued family members rather than merely animal property. Caretakers wish to provide their charges with nutrition commensurate to human standards and tailored to individual needs. This stokes escalating demand for premium and specialized pet food formulations focused on optimal health and wellness.

Underpinning these dynamics is the nation’s growing financial capacity. As national prosperity and household disposable incomes rise, additional discretionary funds can be allocated to pet expenditures, including premium food options. Where basic needs are met, owners demonstrate greater willingness to spend on nutrition aligning with their empathetic philosophies.

The report provides a comprehensive overview of the Vietnam pet food industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as animal type, product type, ingredient, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the pet food industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the pet food industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.


Market Segmentation

The pet food market in Vietnam is segmented as below:
Animal type: birds, cats, dogs, fish, and others
Product type: dry pet food, treats and mixers, wet pet food, and others
Ingredient: animal derived, cereals and cereal derivatives, plant derived, and others
Distribution channel: supermarkets and hypermarkets, grocery stores, pet stores, e-commerce, and veterinary clinics

The Vietnam pet food market is segmented on the basis of animal type, product type, ingredient, and distribution channel. On the basis of animal type, the pet food market in Vietnam has been segmented into birds, cats, dogs, fish, and others. By product type, the pet food market in Vietnam has been segmented into dry pet food, treats and mixers, wet pet food, and others. Based on ingredient, the pet food market in Vietnam is categorized into animal derived, cereals and cereal derivatives, plant derived, and others. On the basis of distribution channel, the pet food market in Vietnam has been segmented into supermarkets and hypermarkets, grocery stores, pet stores, e-commerce, and veterinary clinics.


Competitive Landscape

The Vietnam pet food market is highly competitive. Top players covered in Vietnam Pet Food Market Study are Charoen Pokphand Foods Public Company Limited, Mars Incorporated, The Archer-Daniels-Midland Company, Daejoo Co. Ltd., Wooriwa Co. Ltd., All Aquariums Co. Ltd. (Sakura), CTCBIO Inc., Grobest Group Limited, Natural Core Co. Ltd., Vuong Viet Anh Co. Limited, Bowwow Korea Co. Ltd.

The report is an indispensable tool for companies and organizations operating in the pet food industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the pet food market.


Why Buy This Report?

Provide statistical data or estimations for the Vietnam pet food market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the pet food market in Vietnam
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the pet food market in Vietnam looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities


Table of Contents

TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Vietnam Pet Food Market – Animal Type Analysis
3.1 Birds
3.2 Cats
3.3 Dogs
3.4 Fish
3.5 Others
4. Vietnam Pet Food Market – Product Type Analysis
4.1 Dry pet food
4.2 Treats and mixers
4.3 Wet pet food
4.4 Others
5. Vietnam Pet Food Market – Ingredient Analysis
5.1 Animal derived
5.2 Cereals and cereal derivatives
5.3 Plant derived
5.4 Others
6. Vietnam Pet Food Market – Distribution Channel Analysis
6.1 Supermarkets and hypermarkets
6.2 Grocery stores
6.3 Pet stores
6.4 E-commerce
6.5 Veterinary clinics
7. Company Profiles
7.1 Charoen Pokphand Foods Public Company Limited
7.2 Mars, Incorporated
7.3 The Archer-Daniels-Midland Company
7.4 Daejoo Co., Ltd.
7.5 Wooriwa Co., Ltd.
7.6 All Aquariums Co., Ltd. (Sakura)
7.7 CTCBIO Inc.
7.8 Grobest Group Limited
7.9 Natural Core Co., Ltd.
7.10 Vuong Viet Anh Co., Limited
7.11 Bowwow Korea Co., Ltd.
DISCLAIMER


Companies Mentioned

Charoen Pokphand Foods Public Company Limited
Mars, Incorporated
The Archer-Daniels-Midland Company
Daejoo Co., Ltd.
Wooriwa Co., Ltd.
All Aquariums Co., Ltd. (Sakura)
CTCBIO Inc.
Grobest Group Limited
Natural Core Co., Ltd.
Vuong Viet Anh Co., Limited
Bowwow Korea Co., Ltd.


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