Global Vietnam Animal Feed Additives Market by Product (Antioxidants, Antibiotics, Amino Acids Feed Enzymes,, Vitamins) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Vietnam's animal feed additives market was valued at USD 652.3 millions in 2018. It is forecast to grow at 3.7% CAGR over the forecast period. Market participants will have significant opportunities for adding ingredients to poultry feed. Vietnam's meat consumption is dependent on pork. This contrasts with other Southeast Asian countries where poultry consumption is predominant.

The changing lifestyles of consumers and the growing processing food industry are expected to lead to a shift in meat consumption towards white meat products like poultry and fish. Market participants could have significant opportunities for application development during the forecast period if there are changes in meat consumption patterns.

The vast array of amino acids is essential for animal raising. Lysine, methionine and threonine are some of the most important amino acids. Methionine is used extensively in the poultry industry, while lysine is used most often in the pork industry.

Amino acids accounted for 28.01% in the global market and were the second-largest type of feed additive in 2018. Increasing awareness about the benefits of feed additives, in conjunction with a significant increase in cases of disease, has led to increased use of additives for animal feed. For the application's health, amino acids are protein building blocks.

In 2009, Vietnam's meat consumption grew by 9.4%. This can be attributed largely to a shift from traditional farming to modern industrial farming. The demand for animal feed will rise due to an increase in meat consumption. MARD estimates that animal feed demand reached 19.7 million tonnes in 2010. Domestic manufacturing was responsible for 11 million tons.

Product Insights

One of the key factors in Vietnam's development of its livestock market was the ability of antibiotics promote growth. Animal feed antibiotics are in high demand in Vietnam due to rising poultry and pork consumption, as well as concerns about influenza viruses.

The market is expected to moderately grow due to stringent quality inspection. According to the Ministry of Agriculture and Rural Development Vietnam, all antibiotics in livestock farming will be banned by 2020. This will have a negative impact on the market for antibiotics in animal feed.

The main reason why the market for vitamin supplements has a slow growth rate is because they are not used when the application is inadequate or the natural vitamins in the feed are insufficient. Animals can also be given vitamins to improve their reproductive health and resistance to disease.

Application Insights

The market share of the animal feed additives market was dominated by the pork feed segment in 2018. Asia Pacific, North America and Europe are some of the most important regions for pork consumption around the world. China, Brazil, the U.S., Canada and Brazil are the main consumers and producers of swine feed. China is closely followed by Vietnam as the top pork-consuming country in Asia.

Vietnam's pigherd is the largest in Southeast Asia. They are important because of their importance in agriculture production systems, economic function and human nutrition. The country's future demand for animal feed additives will be stimulated by the development of the Vietnam pork industry.

Vietnam has seen a lot of investment in its livestock sector in recent years. Most of these firms are based in other countries, but have set up joint ventures here. Many of these companies are also exporting poultry products, which contributes to Vietnam's foreign currency. The growing poultry industry is expected to drive the Vietnam animal feed additives market.

Due to high demand for premium beef products, cattle feed will gain market share quickly. To meet the high demand for premium quality products, it is categorized with a large number beef imports. Vietnam's animal feed industry is one of the fastest growing. The industry is trying to meet the demand for animal food, while imported feed covers the rest.

Market Share Insights & Key Companies

Over 70% of Vietnam's animal feed additives market are being released by foreign companies. Multinational companies have a competitive advantage by using advanced technologies, higher capital resources, overseas support, and tax incentives. This has impacted the profits of domestic farmers.

In addition, lower imports from China under the ASEAN-China Free Trade Agreement and low taxes in the ASEAN Free Trade Area have hindered domestic production. This is because animal farmers are inclined to follow the aforementioned importing trends. Although production volumes have increased slightly, the decline in value can be largely attributed lower production costs, which are advantageous to multinational corporations.

Market Report on Vietnam Animal Feed Additives

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the Vietnam Animal Feed Additives Market Report based on product type and application.

• Product Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)

  • Antibiotics

  • Vitamins

  • Antioxidants

  • Amino Acids

  • Feed Enzymes

  • Feed Acidifiers

  • Other

• Application Outlook (Volume of Kilotons; Revenues, USD Millions; 2014-2025)

  • Pork/Swine

  • Poultry

  • Cattle

  • Aquaculture

  • Other

These are the most frequently asked questions about this report

b. The key factors driving Vietnam's animal feed additives market growth are rising meat consumption and increasing demand for amino acid in poultry and swine feed.

b. Global Vietnam's animal feed additives market was valued at USD 655.1 Million in 2019, and is forecast to grow to USD 679 Million in 2020.

b. Global Vietnam's animal feed additives market will grow at a compound annual rate of 3.7% between 2019 and 2025, reaching USD 816.4 Million by 2025.

b. With a share of 57% in 2019, the pork segment dominated Vietnam's animal feed additives market. This can be attributed to increasing demand in pork meat from countries like China, the U.S. and Germany.

b. Vedan VietNam Enterprises Co., Ltd., Cargill, Incorporated, BASF SE, Kemin Industries, Inc., Olmix Group, Hong Ha Nutrition JSC are some of the key players in Vietnam's animal feed additives market.

Up Market Research published a new report titled “Vietnam Animal Feed Additives Market research report which is segmented by Product (Antioxidants, Antibiotics, Amino Acids Feed Enzymes,, Vitamins), By Players/Companies Kemin Industries, Hong Ha Nutrition JSC, BASF SE, Vedan VietNam Enterprises Co, Inc, Ltd, Olmix Group, Cargill, Incorporated”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Vietnam Animal Feed Additives Market Report Segments:

The market is segmented by Product (Antioxidants, Antibiotics, Amino Acids Feed Enzymes,, Vitamins).

Vietnam Animal Feed Additives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Vietnam Animal Feed Additives Market

Overview of the regional outlook of the Vietnam Animal Feed Additives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Vietnam Animal Feed Additives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Vietnam Animal Feed Additives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Antioxidants

                2. Antibiotics

                3. Amino Acids Feed Enzymes,

                4. Vitamins

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vietnam Animal Feed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Vietnam Animal Feed Additives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.