05 Nov Vietnam Pet Food Market Size Share Growth Report 2024-2032
Vietnam Pet Food Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.76% (2024-2032)
The Vietnam pet food market is experiencing strong growth, driven by rising pet ownership, increased focus on pet health, and demand for high-quality, nutritious products. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.76% from 2024 to 2032.
Vietnam Pet Food Market Trends and Drivers:
Vietnam’s pet food market is driven by urban areas in Vietnam have seen a marked rise in pet ownership, driven by the lifestyle changes associated with urbanization. Many Vietnamese, especially younger individuals and families, view pets as part of the family, which has significantly boosted spending on pet-related products, including pet food. Moreover, this trend is not limited to cats and dogs; other pets such as fish, birds, and even exotic animals are becoming more popular, increasing the demand for diverse pet food products. Besides this, as Vietnamese pet owners grow more aware of the importance of nutrition for their pets, the demand for high-quality pet food products is surging. Previously, many pet owners fed their pets leftovers, although with access to information about pet health through the internet and social media, there is now a preference for specialized food tailored to pets’ age, breed, and dietary needs.
Vietnam’s pet food market is propelled by economic growth that has led to an increase in disposable income, empowering more individuals to afford pet ownership and higher-quality pet food products. Households now have the financial capability to spend on not just basic pet care, but although premium options. This economic factor also means pet owners are more likely to spend on convenience products, such as ready-to-eat and highly nutritious packaged pet foods, further driving market growth.
Besides this, pets are increasingly viewed as family members, a trend sometimes called “pet humanization.” This shift is evident in how pet owners in Vietnam are interested in quality food though are also looking for products that provide specific health benefits, similar to human health supplements. As a result, pet food brands are now offering a variety of premium products that cater to these preferences, such as organic, grain-free, and hypoallergenic options. In line with this, the expansion of e-commerce platforms in Vietnam has made it easier for pet owners to access a variety of pet food brands and products. Online shopping has become particularly popular in urban areas where convenience is a key factor. E-commerce sites such as Tiki, Shopee, and Lazada now offer a range of pet food options that consumers can have delivered directly to their homes.
Vietnam Pet Food Market Segmentation:
The report provides an analysis of the key trends in each segment of the Vietnam pet food market size, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and end-use industry.
Product Type Insights:
- Dry Food
- Wet Food
- Treat/Snacks
- Others
Animal Type Insights:
- Dogs
- Cats
- Birds
- Others
Distribution Channel Insights:
- Specialized Pet Shops
- Online Channel
- Supermarkets and Hypermarkets
- Others
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
For an in-depth analysis, you can refer sample copy of the report:
https://www.imarcgroup.com/vietnam-pet-food-market/requestsample
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024- 2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the report’s scope, we can provide it to you as a part of the customization.
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