Vietnam Pet Food Market 2024

Description

The pet food market in Vietnam is projected to rise by USD 84.2 million by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 9.4 percent during the forecast period. In Vietnam, the pet food market is driven by a surge in pet ownership, with increasing numbers of households adopting pets as companions and family members. This trend is supported by a growing middle class and rising disposable incomes, which are enhancing consumer spending on pet care products. There is also a notable shift towards premium and specialized pet food products, reflecting heightened awareness of pet health and nutrition. The expansion of modern retail channels and e-commerce platforms has made a wider range of pet food options more accessible, further fueling market growth. Additionally, urbanization and changing lifestyles are contributing to a greater focus on high-quality and convenient pet food solutions.

This report provides a thorough assessment of the Vietnam pet food industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like pet type, type, pricing, ingredient, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the pet food industry.

Market Segmentation

The pet food market in Vietnam is categorized into the following segments:
Pet type: cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, others
Type: therapeutic pet foods, non-therapeutic pet foods
Pricing: economy pet food, premium/super premium pet food
Ingredient: acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, others
Distribution channel: supermarkets and hypermarkets, grocery stores, pet shops, e-commerce, veterinary clinics, others

The Vietnam pet food market is segmented on the basis of pet type, type, pricing, ingredient, and distribution channel. By pet type, the pet food market in Vietnam has been segmented into cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, and others. Based upon type, the pet food market in Vietnam is categorized into therapeutic pet foods, and non-therapeutic pet foods. On the basis of pricing, the pet food market in Vietnam has been segmented into economy pet food, and premium/super premium pet food. By ingredient, the pet food market in Vietnam has been segmented into acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, and others. Based on distribution channel, the pet food market in Vietnam is categorized into supermarkets and hypermarkets, grocery stores, pet shops, e-commerce, veterinary clinics, and others.

Competitive Landscape

The Vietnam pet food market is highly competitive. The pet food market is dominated by key players, which are Wooriwa Co. Ltd., Vuong Viet Anh Co. Limited, The Archer-Daniels-Midland Company, Nestle S.A., Natural Core Co. Ltd., Mars Incorporated, Grobest Group Limited, Daejoo Co. Ltd., CTCBIO Inc., Charoen Pokphand Foods Public Company Limited, Bowwow Korea Co. Ltd., All Aquariums Co. Ltd. (Sakura).

This report provides a comprehensive analysis of the key players in the Vietnam pet food market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Vietnam pet food market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam pet food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam pet food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewVietnam pet food market – pet type analysis
Vietnam pet food market – type analysis
Vietnam pet food market – pricing analysis
Vietnam pet food market – ingredient analysis
Vietnam pet food market – distribution channel analysis
Key players and market share
– Wooriwa Co., Ltd.
– Vuong Viet Anh Co., Limited
– The Archer-Daniels-Midland Company
– Nestle S.A.
– Natural Core Co., Ltd.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Vietnam pet food market 2019-2029
Chart Vietnam pet food market, net growth, 2019-2029
Chart Vietnam pet food market, growth rates, 2019-2029
Table Vietnam pet food market by pet type, 2019-2029
Chart Vietnam pet food market by pet type, CAGR historic and forecast, 2019-2029
Chart Vietnam pet food market by pet type, 2019-2029
Table Vietnam pet food market by type, 2019-2029
Chart Vietnam pet food market by type, CAGR historic and forecast, 2019-2029
Chart Vietnam pet food market by type, 2019-2029
Table Vietnam pet food market by pricing, 2019-2029
Chart Vietnam pet food market by pricing, CAGR historic and forecast, 2019-2029
Chart Vietnam pet food market by pricing, 2019-2029
Table Vietnam pet food market by ingredient, 2019-2029
Chart Vietnam pet food market by ingredient, CAGR historic and forecast, 2019-2029
Chart Vietnam pet food market by ingredient, 2019-2029
Table Vietnam pet food market by distribution channel, 2019-2029
Chart Vietnam pet food market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Vietnam pet food market by distribution channel, 2019-2029
Table Vietnam pet food market share (%), by companies, 2019-2023
Chart Vietnam pet food market, by companies, 2023
Table Vietnam pet food market share (%), by brands, 2019-2023
Chart Vietnam pet food market, by brands, 2023
Table Vietnam – population (millions) and forecast
Table Vietnam – consumer price index (CPI) and forecast
Table Vietnam – gross domestic product and forecast
Table Vietnam pet food market: spend as a proportion of GDP (%)
Table Vietnam pet food market: consumption per capita (population)