Vietnam Animal Feed Market
Description
Vietnam Animal Feed Market, By Type (Fodder, Forage, Compound Feed); By Ingredients (Cereals, Oilseed Meal, Molasses, Additives, Others); By Source (Organic, Conventional); By Form (Dry, Liquid); By Livestock (Pork, Aquatic Animals, Cattle, Poultry), Trend Analysis, Competitive Landscape & Forecast, 2019–2031Vietnam Animal Feed Market Size Set to Reach USD 1.5 Billion by 2031
Vietnam Animal Feed Market is flourishing primarily due to a spurring demand for meat and dairy products from the growing population across the country’s expanding urban areas and growing awareness about animal nutrition.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam Animal Feed Market size at USD 1,026.22 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Animal Feed Market size to grow at a CAGR of 5.43% reaching a value of USD 1,485.70 million by 2031. The growth of Vietnam Animal Feed Market is propelled by an increasing demand for meat and dairy products from growing population and rapid urbanization. Growing awareness about animal nutrition, coupled with a focus on livestock health and productivity, fuels the demand for quality feed. Economic development and a shift toward higher protein diets are forecast to contribute further to the expansion of Vietnam Animal Feed Market during the period in analysis.
Opportunity – Spurring Demand for Specialty Animal Feed
In the dynamic landscape of Vietnam Animal Feed Market, the escalating demand for specialty feeds could emerge as a major growth driver in the coming years. The surge, driven by evolving consumer preferences and a heightened focus on animal nutrition, propels the market to unprecedented heights. Stakeholders are capitalizing on this trend, fostering innovations in specialized feed formulations to meet the unique dietary needs of diverse livestock, ultimately contributing to the robust expansion of the regional animal feed industry.
Impact of Escalating Geopolitical Tensions on Vietnam Animal Feed Market
Escalating geopolitical tensions across the major regions, exacerbated by the Russia-Ukraine war, have significantly impacted the growth of Vietnam Animal Feed Market. Political, military, trade, and tariff uncertainties have disrupted the supply chain, leading to increased prices and reduced availability of key feed ingredients. The conflict's spillover effect has heightened market volatility, causing concerns among stakeholders. Import-dependent nations face challenges in securing stable supplies, affecting livestock farmers and food production. Additionally, fluctuating currency values and regulatory uncertainties further compound the challenges for the players in Vietnam Animal Feed Market.
Fodder Segment Dominates Vietnam Animal Feed Market by Product
The fodder segment accounts for largest market share of Vietnam Animal Feed Market by product. It indicates a substantial focus on processed feed products for livestock. This underscores the country's emphasis on nutritionally balanced and formulated feeds to enhance animal health and productivity. The fodder segment's market prominence signifies the pivotal role it plays in meeting the diverse dietary needs of livestock across the country, reflecting the evolving trends and demands within Vietnam Animal Feed Market.
Competitive Landscape
Vietnam Animal Feed Market is fiercely competitive. Major companies in the market include Cargill Vietnam, CJ Vina Agri, CP Livestock, Dabaco Group, De Heus Vietnam, GreenFeed Vietnam Corporation, Hong Ha Nutrition, Japfa Comfeed, Mavin Group, Sunjin Vina, and Masan Nutri-Science. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Vietnam Animal Feed Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Animal Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Animal Feed Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Vietnam Animal Feed Market is flourishing primarily due to a spurring demand for meat and dairy products from the growing population across the country’s expanding urban areas and growing awareness about animal nutrition.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam Animal Feed Market size at USD 1,026.22 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Animal Feed Market size to grow at a CAGR of 5.43% reaching a value of USD 1,485.70 million by 2031. The growth of Vietnam Animal Feed Market is propelled by an increasing demand for meat and dairy products from growing population and rapid urbanization. Growing awareness about animal nutrition, coupled with a focus on livestock health and productivity, fuels the demand for quality feed. Economic development and a shift toward higher protein diets are forecast to contribute further to the expansion of Vietnam Animal Feed Market during the period in analysis.
Opportunity – Spurring Demand for Specialty Animal Feed
In the dynamic landscape of Vietnam Animal Feed Market, the escalating demand for specialty feeds could emerge as a major growth driver in the coming years. The surge, driven by evolving consumer preferences and a heightened focus on animal nutrition, propels the market to unprecedented heights. Stakeholders are capitalizing on this trend, fostering innovations in specialized feed formulations to meet the unique dietary needs of diverse livestock, ultimately contributing to the robust expansion of the regional animal feed industry.
Impact of Escalating Geopolitical Tensions on Vietnam Animal Feed Market
Escalating geopolitical tensions across the major regions, exacerbated by the Russia-Ukraine war, have significantly impacted the growth of Vietnam Animal Feed Market. Political, military, trade, and tariff uncertainties have disrupted the supply chain, leading to increased prices and reduced availability of key feed ingredients. The conflict's spillover effect has heightened market volatility, causing concerns among stakeholders. Import-dependent nations face challenges in securing stable supplies, affecting livestock farmers and food production. Additionally, fluctuating currency values and regulatory uncertainties further compound the challenges for the players in Vietnam Animal Feed Market.
Fodder Segment Dominates Vietnam Animal Feed Market by Product
The fodder segment accounts for largest market share of Vietnam Animal Feed Market by product. It indicates a substantial focus on processed feed products for livestock. This underscores the country's emphasis on nutritionally balanced and formulated feeds to enhance animal health and productivity. The fodder segment's market prominence signifies the pivotal role it plays in meeting the diverse dietary needs of livestock across the country, reflecting the evolving trends and demands within Vietnam Animal Feed Market.
Competitive Landscape
Vietnam Animal Feed Market is fiercely competitive. Major companies in the market include Cargill Vietnam, CJ Vina Agri, CP Livestock, Dabaco Group, De Heus Vietnam, GreenFeed Vietnam Corporation, Hong Ha Nutrition, Japfa Comfeed, Mavin Group, Sunjin Vina, and Masan Nutri-Science. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Vietnam Animal Feed Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Animal Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Animal Feed Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
130 Pages
- 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. Technology Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth 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. Consumer Behavior and Insights
- 3.5. Regulatory Framework
- 3.6. Porter’s Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of New Entrants
- 3.6.4. Threat of Substitutes
- 3.6.5. Intensity of Rivalry
- 4. Vietnam Animal Feed Market Overview
- 4.1. Market Size & Forecast by Value, 2019–2031
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Fodder
- 4.2.1.2. Forage
- 4.2.1.3. Compound Feed
- 4.2.2. By Ingredients
- 4.2.2.1. Cereals
- 4.2.2.2. Oilseed Meal
- 4.2.2.3. Molasses
- 4.2.2.4. Additives
- 4.2.2.5. Others
- 4.2.3. By Source
- 4.2.3.1. Organic
- 4.2.3.2. Conventional
- 4.2.4. By Form
- 4.2.4.1. Dry
- 4.2.4.2. Liquid
- 4.2.5. By Livestock
- 4.2.5.1. Pork
- 4.2.5.2. Aquatic Animals
- 4.2.5.3. Cattle
- 4.2.5.4. Poultry
- 4.2.5.5. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Vietnam Animal Feed Company Market Share Analysis, 2024
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Mergers, Acquisitions, Partnerships)
- 6. Impact of Escalating Geopolitical Tensions on Vietnam Animal Feed Market
- 7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Cargill Vietnam
- 7.2. CJ Vina Agri
- 7.3. CP Livestock
- 7.4. Dabaco Group
- 7.5. De Heus Vietnam
- 7.6. GreenFeed Vietnam Corporation
- 7.7. Hong Ha Nutrition
- 7.8. Japfa Comfeed
- 7.9. Mavin Group
- 7.10. Sunjin Vina
- 7.11. Masan Nutri-Science
- 7.12. 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 Country
- 9.5. Assumption & Limitation
- *Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1Vietnam Animal Feed Market Segmentation
- Figure 2Vietnam Animal Feed Value Chain Analysis
- Figure 3Company Market Share Analysis, 2023
- Figure 4 Vietnam Animal Feed Market Size, By Type, By Value, 2019−2031
- Figure 5 Vietnam Animal Feed Market Size, By Ingredients, By Value, 2019−2031
- Figure 6 Vietnam Animal Feed Market Size, By Source, By Value, 2019−2031
- Figure 7 Vietnam Animal Feed Market Size, By Form, By Value, 2019−2031
- Figure 8 Vietnam Animal Feed Market Size, By Livestock, By Value, 2019−2031
- List of Tables
- Table 1 Vietnam Animal Feed Market Size, By Type, By Value, 2019−2031
- Table 2 Vietnam Animal Feed Market Size, By Ingredients, By Value, 2019−2031
- Table 3 Vietnam Animal Feed Market Size, By Source, By Value, 2019−2031
- Table 4 Vietnam Animal Feed Market Size, By Form, By Value, 2019−2031
- Table 5 Vietnam Animal Feed Market Size, By Livestock, By Value, 2019−2031
- Table 6 Cargill Vietnam Company Overview
- Table 7 Cargill Vietnam Financial Overview
- Table 8 CJ Vina Agri Company Overview
- Table 9 CJ Vina Agri Financial Overview
- Table 10 CP Livestock Company Overview
- Table 11 CP Livestock Financial Overview
- Table 12 De Heus Vietnam Company Overview
- Table 13 De Heus Vietnam Financial Overview
- Table 14 GreenFeed Vietnam Corporation Company Overview
- Table 15 GreenFeed Vietnam Corporation Financial Overview
- Table 16 Hong Ha Nutrition Company Overview
- Table 17 Hong Ha Nutrition Financial Overview
- Table 18 Japfa Comfeed Company Overview
- Table 19 Japfa Comfeed Financial Overview
- Table 20 Mavin Group Company Overview
- Table 21 Mavin Group Financial Overview
- Table 22 Sunjin Vina Company Overview
- Table 23 Sunjin Vina Financial Overview
- Table 24 Masan Nutri-Science Company Overview
- Table 25 Masan Nutri-Science Financial Overview
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