Vietnam Compound Feed Market - Growth, Trends and Forecasts (2019 - 2024)

The Vietnam compound feed market is segmented by ingredients into cereals, oilseeds and derivatives, fishmeal and fish oil, supplements and other ingredients and by Animal type into ruminants, swine, poultry, aquaculture, and others.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Key Players:

PURCHASE REPORT

Market Overview

The Vietnam compound feed market was valued at USD 7.97 billion in 2018 and is projected to witness a CAGR of 4.6% during the forecast period, 2019-2024. Growing livestock share in agricultural output and accelerating disposable income of the consumers are the significant factors which are driving the compound feed market in the country. Among all the types of animal, swine is forecasted to be the fastest-growing segment, accounting a CAGR of 5.9% over the forecast period.

Vietnam's compound feed industry is dominated by international players such as the United States's Cargill, Holland's De Heus, Thailand's Charoen Pokphand Group and others. And, according to the Ministry of Agriculture and Rural Development (MARD), the country has around 239 feed plants, out of which 61 belong to foreign-invested firms. Therefore, foreign investors hold more than 50% of the market share and they are planning to further accelerate the production of feed, in order to meet the rising consumer demand. 

Scope of the Report

The compound feed market is characterized by the production of livestock coupled with the production, demand and consumption of meat and also the regulations imposed by the government & agencies. The compound feed industry is highly reliant on the feed grain industry, in order to procure the raw materials required for the production of compound feed. The report defines the market, in terms of companies, who manufacture compound feed.

Ingredient Type
Grains and Cereals
Oilseeds and Derivavtives
Fish Meal and Fish Oil
Supplements
Other Ingredients
Animal Type
Ruminant
Swine
Poultry
Aquaculture
Other Animals

Key Market Trends

Increasing Demand for Meat and Meat-based Products

The demand for higher quality meat at lower prices has been witnessing an upward trend over the years and the economic growth has boosted the consumers' purchasing power, most of which is directed to the consumption of livestock meat. The Vietnamese government, agencies and ministries have introduced several schemes in the past such as livestock development strategy, in order to augment the livestock sector which resulted in the increment in the production as well as consumption of meat. Thus, this contributes to the feed demand and strengthen the compound feed market in the country.

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Poultry Segment Dominates the Market

Poultry feed is the highest consumed feed across the country due to growing consumer preferences for chicken, quail and duck meat. According to the Food and Agriculture Organization (FAO), the production of chicken meat increased from 700,873 metric ton in 2015 to 786,354 metric ton in 2017, registering an increase of 12.2% while the production of duck meat is also increasing but at a sluggish growth rate of 7.5%. Thus, the inflating production of meat indicates that the production of chicken and duck is also expanding, which further contribute to the demand and production of feed.

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Competitive Landscape

The Vietnam compound feed market is highly fragmented with several international and domestic players accounted for the majority of the market share. New product launches, partnerships, expansions, mergers and acquisitions are the major strategies adopted by the leading companies in the compound feed market. 

Major Players

  1. Charoen Pokphand (CP) Vietnam
  2. Cargill, Incorporated
  3. Alltech
  4. ADM VIETNAM CO., LTD.
  5. DE HEUS COMPANY LIMITED

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Ingredient Type

      1. 5.1.1 Grains and Cereals

      2. 5.1.2 Oilseeds and Derivavtives

      3. 5.1.3 Fish Meal and Fish Oil

      4. 5.1.4 Supplements

      5. 5.1.5 Other Ingredients

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Swine

      3. 5.2.3 Poultry

      4. 5.2.4 Aquaculture

      5. 5.2.5 Other Animals

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies in the Past Five Years

    3. 6.3 Company Profiles

      1. 6.3.1 Charoen Pokphand (CP) Vietnam

      2. 6.3.2 Cargill, Incorporated

      3. 6.3.3 ADM Vietnam Co. Ltd.

      4. 6.3.4 De Heus Company Limited

      5. 6.3.5 Alltech Vitenam

      6. 6.3.6 Land O Lakes Purina

      7. 6.3.7 Archer Daniels Midland

      8. 6.3.8 GreenFeed (Vietnam) Co., Ltd.

      9. 6.3.9 New Hope Group

      10. 6.3.10 DeKalb Feeds

      11. 6.3.11 Kent Feeds

      12. 6.3.12 Proconco

      13. 6.3.13 Lai Thieu Feed Mill Co., Ltd.

      14. 6.3.14 Nutreco NV

      15. 6.3.15 Austfeed

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS


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