Vietnam Feed Base Mix Market - Growth, Trends, and Forecast (2018 - 2023)

Vietnam Feed Base Mix Market - Growth, Trends, and Forecast (2018 - 2023)

Purchase Report

The Vietnam feed base mix market was valued at USD 1.49 billion in 2017, and is expected to register a CAGR of 4.69%, during the forecast period.

                                                 

Self-made feed is more common in Vietnam, since the price of feed ingredients is declining, while the price of industrial feed is stable. To reduce the production cost, Vietnamese farmers buy feed ingredients and mix them based on their experience. However, the exact ratio is known to very less number of farmers. Smallholders utilize a variety of feedstuffs, despite limited knowledge.

Improvement in the Meat Export Sector Driving the Market

The  export market for meat in Vietnam is growing, owing to the free trade agreement between Vietnam and EU. Therefore, pressure on improving the domestic production of livestock and meat is rising, which is expected to increase the domestic demand for animal feed, thereby boosting the demand for feed base mix. The export meat market had grown from 2013 to 2016, at an average rate of USD 25,000 thousand, which is expected to increase the demand for animal feed.

Many commercial companies in Vietnam are moving toward international standards of meat production for exports and are adhering to the US standard, in order to provide a well-balanced nutritional feed to the animals in their farms, which means that they are looking for a well-balanced diet containing protein in the form of amino acid and carbohydrates, along with other nutrition.

Poultry Accounts for a Major Segment in the Market

There is a high requirement for carbohydrate-based feed for poultry in Vietnam, and the country depends on imports for high-protein sources, due to the demand-supply gap. Amino acids like lysine, methionine, threonine, and tryptophan are imperative in the livestock production. Lysine is a major amino acid required for livestock production, and is predominantly used for poultry applications in the country.

The birds in a non-intensive farming system are fed the by-products of local agricultural crops, such as corn, wheat, dry cassava, dry potato, broken rice, and rice bran. For a non-intensive poultry farmer, this procedure is very expensive, owing to the rising prices of fish powder and soybean seed cake. As a result, many farmers mix them at a lower rate, thereby compromising on the feed efficiency. Moreover, more than half of the farmers rely on the home-made feed that lacks nutritional balance. It also gets contaminated with fungus, toxicants, and poisons, due to the poor maintenance of raw materials and animal feed.

Major Players: EuromiX, Cargill Inc., Nutreco, Mixscience, The Honest Kitchen, and Dachan Food, among others.

Reasons to Purchase the Report

  • To have an understanding of the Vietnam feed base mix market and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently affecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

1. Introduction

                1.1 Scope of the Study

                1.2 Market Definition

                1.3 Executive Summary

2. Research Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Analysis Methodology

                2.4 Research Phases

3. Market Insights

                3.1 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.1.1 Bargaining Power of Suppliers

                                3.1.2 Bargaining Power of Consumers

                                3.1.3 Threat of New Entrants

                                3.1.4 Threat of Substitute Products and Services

                                3.1.5 Degree of Competition

                3.2 Regulatory Policy Analysis

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increasing Consumption of Animal and Animal By-products

                                4.1.2 Government Strategies to Improve the Agricultural Condition of the Country

                                4.1.3 Improvement in the Meat Export Sector

                4.2 Restraints

                                4.2.1 Fluctuation in Grain Prices in the Country

                                4.2.2 Government Regulations

                                4.2.3 Demand-supply Gap in Protein Sources for Animal Feed

5. Market Segmentation and Analysis

                5.1 By Animal Type

                                5.1.1 Ruminant

                                5.1.2 Poultry

                                5.1.3 Swine

                                5.1.4 Companion Animals

6. Competitive Landscape

                6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements

                6.2 Market Share Analysis

                6.3 Strategies Adopted by Leading Players

7. Company Profiles

                7.1 Manufacturers

                                7.1.1 EuromiX

                                7.1.2 Cargill Inc.

                                7.1.3 Nutreco

                                7.1.4 Mixscience

                7.2 Others

                                7.2.1 The Honest Kitchen

                                7.2.2 Dachan Food

8. Future Outlook of the Market

9. Appendix

10. Disclaimer

Purchase Report

Our Clients Include View All

Looking to Customize Report?

Complete your payment details below

Shipping & Billing Information

Payment Information