Vietnam Feed Concentrate and Basemix Market Trends

Amino acid, a form of protein, is an important ingredient of base mix and is also an important component added to feed concentrates. Presently, Vietnam imports a large amount of input materials, like protein for feed processing. In the future, the demand for animal feed and feedstuffs may continue to increase, due to the growth of livestock production, particularly by large-scale commercial farms. The domestic demand for protein in the manufacturing of base mix may increase the import of amino acids in the country, which is expected to increase the price of base mix and feed concentrates in the country. The major sources of protein for base mix are soymeal, fishmeal, and synthetic amino acid. Vietnam is not self-sufficient to meet the domestic demand for protein. As a result, the country is primarily dependent on the import of these products, which in turn, increases the price of the final product, base mix, and feed concentrates.