Market Size of Vietnam Feed Concentrate and Basemix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.85 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vietnam Feed Concentrate and Base Mix Market Analysis
The Vietnamese feed concentrate and base mix market was valued at USD 3.73billion in 2018, and it is projected to reach USD 4.95billion by 2024, witha CAGR of 4.85%, during the forecast period, 2019-2024.
- Increasing consumption of animals and animal by-products, government strategies to improve the agricultural condition of the country, andimprovement in the meat export sector are driving the market studied.
- The fluctuation in grain prices in the country,government regulations, and the demand-supply gap in protein sources for animal feed are restraining the market studied.
