Vietnam animal health market report size, share, growth drivers, trends, opportunities & forecast 2025–2030

Vietnam Animal Health Market Overview

• The Vietnam Animal Health Market is valued at USD 195 million, based on a five-year historical analysis. This growth is primarily driven by increasing livestock production, rising pet ownership, and heightened awareness of animal health and welfare. The demand for veterinary products, including vaccines and pharmaceuticals, has surged as farmers and pet owners seek to improve animal health and productivity. Key growth drivers include the expansion of commercial farming, government investment in veterinary infrastructure, and the adoption of preventive healthcare practices among livestock producers and pet owners. The convergence of biotechnology and digital tools is also reshaping animal healthcare delivery in Vietnam .
• Key players in this market include Ho Chi Minh City, Hanoi, and Da Nang, which dominate due to their large populations, significant agricultural activities, and the presence of major veterinary service providers. These cities serve as hubs for distribution and innovation in animal health products, facilitating access to veterinary care and products for both livestock and companion animals. Additionally, provinces such as Tây Ninh are emerging as centers for high-tech and sustainable livestock farming, supported by robust policy initiatives and investment in modern animal husbandry .
• The regulation of veterinary medicines in Vietnam is governed by Circular No. 13/2016/TT-BNNPTNT, issued by the Ministry of Agriculture and Rural Development. This regulation mandates that all veterinary medicines must be registered with the Ministry prior to distribution, ensuring safety, efficacy, and quality standards. The regulation outlines procedures for registration, labeling, and post-market surveillance, and is periodically updated to align with international standards .

Vietnam Animal Health Market Segmentation

By Type:The market can be segmented into various types, including vaccines, pharmaceuticals, feed additives, diagnostics, medical devices, and others. Each of these subsegments plays a crucial role in maintaining animal health and productivity. Vaccines are essential for disease prevention, while pharmaceuticals are used for treatment. Feed additives enhance nutrition, diagnostics aid in disease detection, and medical devices support veterinary practices. The demand for feed additives and diagnostics is rising as producers focus on disease prevention and early detection to maximize productivity and minimize losses .

By Animal Type:The market is also segmented by animal type, which includes livestock (cattle, swine, poultry), companion animals (dogs, cats), aquaculture (fish, shrimp), and others (avian, small mammals). Livestock remains the dominant segment due to the high demand for meat and dairy products, while companion animals are gaining traction as pet ownership increases. The aquaculture sector is also expanding, reflecting Vietnam's leading position in global seafood exports and the growing need for aquatic animal health products .

Vietnam Animal Health Market Competitive Landscape

The Vietnam Animal Health Market is characterized by a dynamic mix of regional and international players. Leading participants such as Zoetis Vietnam, Merck Animal Health (MSD Animal Health Vietnam), Boehringer Ingelheim Vietnam, Elanco Animal Health Vietnam, Vemedim Corporation, Viphavet Co., Ltd., Vetoquinol Vietnam, Huvepharma Vietnam, Dechra Veterinary Products, Phibro Animal Health Vietnam, Bio-Pharmachemie, Intervet Vietnam, Alltech Vietnam, Neogen Corporation, GreenVet Joint Stock Company contribute to innovation, geographic expansion, and service delivery in this space.

Vietnam Animal Health Market Industry Analysis

Growth Drivers

• Increasing Livestock Production:Vietnam's livestock sector is projected to produce approximately 5.5 million tons of pork and 1.2 million tons of beef in future, reflecting a steady increase in demand for animal health products. The country's livestock population is expected to reach approximately 28 million pigs and 6 million cattle, driven by rising consumer demand for meat. This growth necessitates enhanced veterinary care and health products, creating a robust market for animal health services and products.
• Rising Pet Ownership:The pet population in Vietnam is estimated to exceed 8 million in future, with a significant increase in pet ownership among urban households. This trend is accompanied by a growing willingness to spend on pet health, with expenditures on veterinary services and products projected to reach over 1 trillion VND. The increasing focus on pet wellness and preventive care is driving demand for high-quality animal health products, thus expanding the market.
• Growing Awareness of Animal Health:Awareness campaigns and educational initiatives have led to a notable increase in understanding of animal health among farmers and pet owners. In future, it is estimated that approximately 65% of livestock farmers will adopt preventive health measures, up from about 50% previously. This shift is expected to drive demand for vaccines, supplements, and veterinary services, significantly contributing to the growth of the animal health market in Vietnam.

Market Challenges

• Limited Access to Veterinary Services:Approximately 60% of rural areas in Vietnam lack adequate veterinary services, which poses a significant challenge to animal health. The shortage of qualified veterinarians, particularly in remote regions, limits farmers' ability to access essential health care for their livestock. This gap in service availability can lead to increased disease prevalence and reduced productivity, hindering market growth.
• High Cost of Animal Health Products:The average cost of veterinary medicines and health products in Vietnam is rising, with some essential vaccines priced at 200,000 VND per dose. This increase can be prohibitive for small-scale farmers, who often operate on tight margins. As a result, many may forgo necessary treatments, leading to poorer animal health outcomes and limiting the overall market potential for animal health products.

Vietnam Animal Health Market Future Outlook

The Vietnam animal health market is poised for significant transformation, driven by technological advancements and changing consumer preferences. The shift towards preventive healthcare and the adoption of digital veterinary services are expected to enhance service delivery and product accessibility. Additionally, the increasing focus on sustainability in animal farming practices will likely shape product development and regulatory frameworks, fostering a more resilient and innovative market landscape in future.

Market Opportunities

• Expansion of Veterinary Services:There is a substantial opportunity to expand veterinary services in underserved rural areas, where access is currently limited. By establishing mobile clinics and telemedicine options, service providers can reach more farmers, improving animal health outcomes and increasing market penetration for veterinary products.
• Development of Innovative Products:The demand for innovative animal health products, such as organic supplements and disease-resistant vaccines, is on the rise. Companies that invest in research and development to create effective, sustainable solutions will likely capture a significant share of the market, catering to the evolving needs of both livestock and pet owners.