Vietnam Animal Feed Market Size Study by Type, Application and Regional Forecasts 2017 - 2027
Bharat Book Bureau Provides the Trending Market Research Report on “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” under Food & Beverage Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
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.
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