Vietnam Animal Feed Market, By Product (Fodder, Forage, Others); By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Vietnam Animal Feed Market Size Set to Touch USD 2.3 Billion by 2029
Vietnam animal feed market is gaining traction because of the industrialization of livestock production and expansion of the aquaculture sector.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam animal feed market size at USD 1.65 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Vietnam animal feed market size to grow at a CAGR of 4.6% reaching a value of USD 2.3 billion by 2029. The expanding consumption of meat and other animal products as a result of Vietnamese consumers' rising purchasing power and per capita income is a significant growth factor for the Vietnam animal feed market. The booming tourism and hospitality industries are also emerging as significant driving forces for the Vietnam animal feed market.
Vietnam Animal Feed Market – Overview
The term "animal feed" refers to foods produced and cultivated for ruminants, poultry, swine, and aquatic animals. Forage and fodder are the two primary categories of animal feed. Animal feeds are created by carefully choosing and combining ingredients in order to provide highly nutritious meals that both maintain the health of the animals and enhance the quality of such end products as milk, meat, or eggs. Cereal grains, hay and silage crops, grasses, pastures, and other food crop byproducts, such as sugar beet pulp, are some of the most preferred feeds.
Vietnam Animal Feed Market
Segmental Information
Vietnam Animal Feed Market – By Livestock
Based on livestock, the Vietnam animal feed market is segmented into pork, aquatic animals, cattle, poultry, and others. Pork dominates the Vietnam animal feed market. According to the Organization for Economic Co-operation and Development (OECD), Vietnam emerged as Asia's second-largest consumer of pork in 2022, consuming over 3.4 million metric tons. In the years 2022 through 2030, this would represent a 3.1% yearly growth rate. The expansion of the food and hospitality sectors is emerging as a major driver of the rising demand for swine animal feeds.
Impact of COVID-19 on Vietnam Animal Feed Market
The COVID-19 pandemic affected the growth of the Vietnam animal feed market. The Vietnamese animal feed market is heavily dependent on imports, particularly from Argentina and the United States, to meet its demand. However, restrictions on cross-border trade to prevent the virus spread resulted in a huge shortage of animal feedstock in the market. Furthermore, the rise in awareness regarding the zoonotic disease limited animal meat consumption and directly influenced the demand for meat from the hospitality industry, which further affected the Vietnam animal feed market.
Competitive Landscape
Major players operating in the Vietnam animal feed market include C.P. Group, Vinamilk, Cargill Vietnam, New Hope Group, GreenFeed Vietnam Corporation, De Heus Vietnam, Emivest Feedmill Vietnam Co. Ltd, Proconco, Uni-President Vietnam Co. Ltd, and Dabaco Group.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Animal Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Animal Feed Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Animal Feed Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Drivers
- 3.2.1.1. Growing Population and Increasing Disposable Income
- 3.2.1.2. Industrialization of Livestock Production
- 3.2.1.3. Expansion of the Aquaculture Sector
- 3.2.2. Restraints
- 3.2.2.1. Volatility in Raw Material Prices
- 3.2.2.2. Disease Outbreaks such as Avian Influenza and African Swine Fever
- 3.2.3. Opportunities
- 3.2.3.1. Rising Demand for Specialty Feeds
- 3.2.3.2. High Export Potential
- 3.2.4. Challenges
- 3.2.4.1. Maintaining Feed Safety and Quality
- 3.2.4.2. Competition from Imports
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Animal Feed Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Fodder
- 4.2.1.2. Forage
- 4.2.1.3. Others
- 4.2.2. By Livestock
- 4.2.2.1. Pork
- 4.2.2.2. Aquatic Animals
- 4.2.2.3. Cattle
- 4.2.2.4. Poultry
- 4.2.2.5. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. South Africa Insurance Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid–19 on Vietnam Animal Feed Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. C.P. Group
- 7.2. Vinamilk
- 7.3. Cargill Vietnam
- 7.4. New Hope Group
- 7.5. GreenFeed Vietnam Corporation
- 7.6. De Heus Vietnam
- 7.7. Emivest Feedmill Vietnam Co Ltd
- 7.8. Proconco
- 7.9. Uni-President Vietnam Co Ltd
- 7.10. Dabaco Group
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Animal Feed Segmentation
- Figure 2 Vietnam Animal Feed Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Vietnam Animal Feed Market Size, By Value (USD Billion), 2019–2029
- Figure 5 Vietnam Animal Feed Market Share, By Product, By Value, 2019–2029
- Figure 6 Vietnam Animal Feed Market Share, By Livestock, By Value, 2019–2029
- List of Tables
- Table 1 Vietnam Animal Feed Market Size, By Value (USD Billion), 2019–2029
- Table 2 Vietnam Animal Feed Market Share, By Product, By Value, 2019–2029
- Table 3 Vietnam Animal Feed Market Share, By Livestock, By Value, 2019–2029
- Table 4 C.P. Group Company Overview
- Table 5 C.P. Group Financial Overview
- Table 6 Vinamilk Company Overview
- Table 7 Vinamilk Financial Overview
- Table 8 Cargill Vietnam Company Overview
- Table 9 Cargill Vietnam Financial Overview
- Table 10 New Hope Group Company Overview
- Table 11 New Hope Group Financial Overview
- Table 12 GreenFeed Vietnam Corporation Company Overview
- Table 13 GreenFeed Vietnam Corporation Financial Overview
- Table 14 De Heus Vietnam Company Overview
- Table 15 De Heus Vietnam Financial Overview
- Table 16 Emivest Feedmill Vietnam Co Ltd Company Overview
- Table 17 Emivest Feedmill Vietnam Co Ltd Financial Overview
- Table 18 Proconco Company Overview
- Table 19 Proconco Financial Overview
- Table 20 Uni-President Vietnam Co Ltd Company Overview
- Table 21 Uni-President Vietnam Co Ltd Financial Overview
- Table 22 Dabaco Group Company Overview
- Table 23 Dabaco Group Financial Overview
- Table 24 Other Prominent Players Company Overview
- Table 25 Other Prominent Players Financial Overview
Research Assistance
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