The Vietnam compound feed industry recorded a revenue of USD XX million in 2016 and is expected to grow at a CAGR of 3.5% during the forecast period (2017-2022). The market has many global as well as regional players, mainly in the animal feed business, and this market constitutes a minor share in terms of their product portfolio, sales and volume
Pork contributes largely to the protein intake for the Vietnamese. It is also the fastest growing sub-sector in Vietnamese agriculture. Swine feed accounted for 41% of the total market share. Aqua feed is the fastest growing segment in the region, due to increased consumption and export of seafood.
Vietnam's erstwhile traditional livestock production industry has been adopting integrated methods. The average diet of the population is witnessing the inclusion of more meat. The sale of processed meat products is also expected to grow at a CAGR of 12.9% from 2017 to 2022. Although about 30% of the compound feed is imported in the country, the government has introduced measures to reduce imports and increase domestic production. All these factors are expected to drive the compound feed industry in the country.
In this report, the Vietnamese compound feed market is segmented by type of feed and animal type. Market size and forecast are provided for each of these regions in the report. Major players in the compound feed market are Cargill (U.S.), ADM (U.S.), Nutreco NV (The Netherlands) and Charoen Pokphand (Thailand), among others.
Key Deliverables in the Study