Market Research Report
Vietnam Animal feed Market By Type (Swine Animal Feed, Poultry Animal Feed, Ruminant Feed, Aquatic Feed, Others), By Product (Fodder, Forage, Others), By Region, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||941968|
|Published||Content info||71 Pages
Delivery time: Inquiry
|Vietnam Animal feed Market By Type (Swine Animal Feed, Poultry Animal Feed, Ruminant Feed, Aquatic Feed, Others), By Product (Fodder, Forage, Others), By Region, Forecast & Opportunities, 2025|
|Published: June 1, 2020||Content info: 71 Pages||
Vietnam animal feed market is poised to witness substantial growth during the forecast period owing to the increasing per capita disposable income of the country which has enhanced people's purchasing power. The country is witnessing increasing consumption of poultry and cattle meat which is serving as a key factor behind the market growth. The development in tourism and hospitality industry are expected to further propel the growth of Vietnam animal feed market by 2025.
Vietnam animal feed market is heavily dependent on imports and the biggest import market is Argentina followed by United States and Brazil. The country increased the import of animal feeds by 70% in 2019 as diseases and food safety issues led to shrinking of animal husbandry industry. The animal feed market is anticipated to undergo high rate of growth in the next five years owing to increasing consumption of pork and other red meat in the country.
Vietnam animal feed market is segmented based on type, product and region. Based on type, the market is categorized into swine animal feed, poultry animal feed, ruminant feed, aquatic feed and others. The swine animal fed segment is anticipated to lead the market in terms of revenue by 2025 owing to increasing consumption of pork in the country. The growth in food and hospitality industry is also a prime factor behind the increasing demand for swine animal feeds.
Based on product, the Vietnam animal feed market is segmented into fodder, forage and others. Among them, the fodder segment is expected to undergo the fastest growth with increase in livestock breeding and changing eating pattern in the country. Industrialization has led to shrinkage in grazing land and hence the demand for fodder has increased considerably over the years.
Major players operating in the Vietnam animal feed market are Thanh Nhon Corporation, Cargill Vietnam, Royal De Heus, GreenFeed (Vietnam) Co., Ltd., The Charoen Pokphand (CP) Group, Japfa Comfeed, Proconco (Masan Nutri-Science), East Hope Group Company, Lai Thieu Feed Mill Co., Ltd. (Vietnam) and American Feeds Vietnam, among others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of animal feed manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturing companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels and presence of all major players across Vietnam.
TechSci Research calculated the market size of Vietnam animal feed market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Vietnam animal feed market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Swine Animal Feed
Poultry Animal Feed
Company Profiles: Detailed analysis of the major companies present in Vietnam animal feed market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: