Vietnam Plasma Feed Market, By Source (Bovine, Swine, Poultry, Synthetic, Shark, Others); By Application (Industrial, Commercial); By End Use (Swine Feed, Aquafeed, Pet Food, Others (Poultry and Ruminants)), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Vietnam Plasma Feed Market Size Expanding to Cross USD 138 Million by 2029
Vietnam plasma feed market is gaining traction because of the government support for the development of the livestock and poultry industry and increased plasma feed acceptance in pet food.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam plasma feed market size at USD 97.9 million in 2022. During the forecast period between 2023 and 2029, the Vietnam plasma feed market size is projected to grow at an impressive CAGR of 9.2% reaching a value of USD 138.21 million by 2029. Expanding applications from the aquafeed industry, increased demand for plasma feed due to its advantages against antibiotics, rising need for a variety of high-protein feed ingredients, and mounting pressure to use sustainable food production methods are some of the major growth factors for the Vietnam plasma feed market. However, limited availability of raw materials for plasma feed production may acts as a huge restraining factor for the Vietnam plasma feed market growth.
Vietnam Plasma Feed Market – Overview
Plasma feed is a highly digested animal protein source used to enhance feed palatability and intestinal health. A natural source of bioactive components, spray-dried plasma powder can be used as an in-feed substitute for zinc oxide and preventive antibiotics. Plasma feed contains significant amounts of vitamin phosphorus, vitamin B12, calcium, salt, potassium, chloride, and magnesium. It has been demonstrated to outperform other protein sources, including skim milk, and is also abundant in critical amino acids.
Vietnam Plasma Feed Market – By Application
Based on application, Vietnam plasma feed market is segmented into industrial and commercial. The industrial segment holds a higher market share. The demand for plasma feed is gaining huge traction in the food industry. Innovative food business technologies are becoming more popular as a result of the need to improve microbiological food safety and quality without sacrificing the foods' nutritional, functional, and sensory qualities. Plasma is a new, environmentally friendly processing technology with a wide range of possible uses that satisfies the demands of the sector.
Competitive Landscape
Major players operating in the Vietnam Plasma Feed market include Thanh Nhon Corporation, Cargill Vietnam, Royal De Heus, GreenFeed Co., Ltd., The Charoen Pokphand Group, Japfa Comfeed, Proconco, East Hope Group Company, Lai Thieu Feed Mill Co., Ltd., American Feeds Vietnam, Dabaco Group, and Vissan. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Impact of COVID-19 on the Vietnam Plasma Feed Market
The COVID-19 pandemic severely affected the market for plasma feed in Vietnam. Vietnam managed to contain the virus' spread, but several COVID-19 hotspots, including major cities, had to be placed under lockdown. The plasma feed supply chains were a little bit hampered as a result, and the producers suffered significant losses. Additionally, the country's extremely low demand for meat during this time slowed down the demand for animal-based proteins, which had a negative impact on the growth of the Vietnam plasma feed industry.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Plasma Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Plasma 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 Plasma Feed Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing demand for animal feed in the agriculture industry due to an increase in population and rising incomes
- 3.2.1.2. Government support for the development of the livestock and poultry industry
- 3.2.1.3. Increased plasma feed acceptance in pet food
- 3.2.2. Restraints
- 3.2.2.1. Limited availability of raw materials for plasma feed production
- 3.2.2.2. High cost of plasma feed compared to traditional feed ingredients
- 3.2.3. Opportunities
- 3.2.3.1. Increasing exports of plasma feed to other countries in Southeast Asia
- 3.2.3.2. Development of new plasma feed products and formulations
- 3.2.4. Challenges
- 3.2.4.1. Stringent government regulations and strict quality control measures
- 3.2.4.2. Lack of awareness about the benefits of plasma feed among farmers and other industry stakeholders
- 3.3. Technology 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 Plasma Feed Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Source
- 4.2.1.1. Bovine
- 4.2.1.2. Swine
- 4.2.1.3. Poultry
- 4.2.1.4. Synthetic
- 4.2.1.5. Shark
- 4.2.1.6. Others
- 4.2.2. By Application
- 4.2.2.1. Industrial
- 4.2.2.2. Commercial
- 4.2.3. By End Use
- 4.2.3.1. Swine Feed
- 4.2.3.2. Aquafeed
- 4.2.3.3. Pet Food
- 4.2.3.4. Others (Poultry and Ruminants)
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Range
- 5.2. Vietnam Plasma Feed Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
- 6. Impact of Covid-19 on Vietnam Plasma Feed Market Industry
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Thanh Nhon Corporation
- 7.2. Cargill Vietnam
- 7.3. Royal De Heus
- 7.4. GreenFeed Co., Ltd.
- 7.5. The Charoen Pokphand Group
- 7.6. Japfa Comfeed
- 7.7. Proconco
- 7.8. East Hope Group Company
- 7.9. Lai Thieu Feed Mill Co., Ltd.
- 7.10. American Feeds Vietnam
- 7.11. Dabaco Group
- 7.12. Vissan
- 7.13. 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
- 9.5. Assumption & Limitation
- *Financial information of case 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 Plasma Feed Market Segmentation
- Figure 2 Vietnam Plasma Feed Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Vietnam Plasma Feed Market Size, By Value (USD Million), 2019–2029
- Figure 5 Vietnam Plasma Feed Market Share, By Source, By Value, 2019–2029
- Figure 6 Vietnam Plasma Feed Market Share, By Application, By Value, 2019–2029
- Figure 7 Vietnam Plasma Feed Market Share, By End Use, By Value, 2019–2029
- List of Tables
- Table 1 Vietnam Plasma Feed Market Size, By Source, By Value, 2019–2029
- Table 2 Vietnam Plasma Feed Market Size, By Application, By Value, 2019–2029
- Table 3 Vietnam Plasma Feed Market Size, By End Use, By Value, 2019–2029
- Table 4 Thanh Nhon Corporation Company Overview
- Table 5 Thanh Nhon Corporation Financial Overview
- Table 6 Cargill Vietnam Company Overview
- Table 7 Cargill Vietnam Financial Overview
- Table 8 Royal De Heus Company Overview
- Table 9 Royal De Heus Financial Overview
- Table 10 GreenFeed Co., Ltd. Company Overview
- Table 11 GreenFeed Co., Ltd. Financial Overview
- Table 12 The Charoen Pokphand Group Company Overview
- Table 13 The Charoen Pokphand Group Financial Overview
- Table 14 Japfa Comfeed Company Overview
- Table 15 Japfa Comfeed Financial Overview
- Table 16 Proconco Company Overview
- Table 17 Proconco Financial Overview
- Table 18 East Hope Group Company - Company Overview
- Table 19 East Hope Group Company Financial Overview
- Table 20 Lai Thieu Feed Mill Co., Ltd. Company Overview
- Table 21 Lai Thieu Feed Mill Co., Ltd. Financial Overview
- Table 22 American Feeds Vietnam Company Overview
- Table 23 American Feeds Vietnam Financial Overview
- Table 24 Dabaco Group Company Overview
- Table 25 Dabaco Group Financial Overview
- Table 26 Vissan Company Overview
- Table 27 Vissan Financial Overview
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