Vietnam Animal Feed Market, By Type (Swine Animal Feed, Poultry Animal Feed, Ruminant Feed, Aquatic Feed, Others), By Product (Fodder, Forage, Others), By Region, Competition Forecast & Opportunities,2017-2027

Vietnam animal feed market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising per capita disposable income and poultry and cattle meat consumption. Rapid urbanization and growing consumption of meat and other end products are also supporting the growth of Vietnam animal feed market. Besides, rising incidences of diseases in animals and the growing need to enhance animal's abilities by providing enriched nutrients along with the feedstuff are aiding the increasing adoption of animal feed, which is contributing to its market growth. Moreover, growth strategies of major players in the form of expansion and investments and increasing livestock population are contributing to the growth of Vietnam animal feed market in the coming years. Owing to the growing health-consciousness among consumers, the demand for dairy and meat products has grown multifold in recent years. Additionally, companies are incorporating non-genetically modified organisms in animal feed to accommodate the consumers' need for all-natural food sources and ensure the production of premium quality eggs, milk, and meat, which is anticipated to boost the growth of Vietnam animal feed market. Vietnam animal feed market is heavily dependent on imports from Argentina, the United States, and Brazil.

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 feed segment is expected to dominate the Vietnam animal feed market through 2027 due to increased consumption of red meat, especially pork, and the development of the food & hospitality industry.

Based on product, the Vietnam animal feed market is segmented into fodder, forage, and others. The fodder segment is anticipated to register the highest growth in the Vietnam animal feed market due to changing eating patterns and increasing livestock breeding.

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, etc. are some of the top players dominating the Vietnam animal feed market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze and forecast the market size of Vietnam animal feed market.
• To classify and forecast Vietnam Animal feed market based on type, product, company and regional distribution.
• To identify drivers and challenges for Vietnam animal feed market.
• To examine competitive developments such as expansions, new product launches in Vietnam animal feed market.
• To conduct pricing analysis for Vietnam animal feed market.
• To identify and analyze the profile of leading players operating in Vietnam animal feed market.

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 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:

• Animal feed manufacturers/partners
• Sales channel/distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to animal feed

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.

Report Scope:

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:

• Vietnam Animal Feed Market, By Type:

Swine Animal Feed

Poultry Animal Feed

Ruminant Feed

Aquatic Feed

Others

• Vietnam Animal Feed Market, By Product:

Fodder

Forage

Others

• Vietnam Animal Feed Market, By Region:

South Vietnam

North Vietnam

Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam animal feed market.

Available Customizations:

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:

Company Information

• Detailed analysis and profiling of additional market players (up to five).