Vietnam Feed Concentrate and Base Mix Market Size
| 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 |
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.
Vietnam Feed Concentrate and Base Mix Market Trends
Demand - Supply Gap in Protein Sources for Animal Feed is Restraining the Market
Amino acid, a form of protein, is an important ingredient of base mix and is also an important component added to feed concentrates. Presently, Vietnam imports a large amount of input materials, like protein for feed processing. In the future, the demand for animal feed and feedstuffs may continue to increase, due to the growth of livestock production, particularly by large-scale commercial farms. The domestic demand for protein in the manufacturing of base mix may increase the import of amino acids in the country, which is expected to increase the price of base mix and feed concentrates in the country. The major sources of protein for base mix are soymeal, fishmeal, and synthetic amino acid. Vietnam is not self-sufficient to meet the domestic demand for protein. As a result, the country is primarily dependent on the import of these products, which in turn, increases the price of the final product, base mix, and feed concentrates.
The Poultry and Swine Segments Dominate the Vietnam Feed Concentrate and Base Mix Market
The consumption of animal feed in Vietnam is directly proportional to the development of the livestock sector. Home-made feed is popular in the country, owing to the slightly decreasing prices of feed ingredients, while the price of commercially-made feed remains constant. While preparing home-made feed, Vietnamese farmers depend upon their experience and make use of premixes, base mixes, and concentrates, in order to achieve a good feed conversion ratio. However, the switch from backyard farming to intensive/industrial farming, consisting of suitable machinery and equipment, is driving the demand for commercially-prepared feed in the country. The demand for poultry and swine feed accounts for 97% of the total feed consumption in Vietnam. Only 3% of the feed is used for livestock other than poultry and swine. The Vietnamese cattle segment is small. The country’s poultry segment consists of chicken, duck, and goose.
Vietnam Feed Concentrate and Base Mix Industry Overview
In the Vietnamese feed concentrate and base mix market, companies are investing heavily to develop new products, and collaborating and acquiring other companies. This factor is expected to increase their market shares and strengthen the R&D activities. Companies, like Cargill Inc., Nutreco, and Mixscience, are the major players in the Vietnamese feed concentrate and base mix market. The animal feed industry of Vietnam, despite being among world’s fastest-growing ones, in terms of scale and output, is dominated by foreign firms, while local producers are struggling to compete. As a result, no firm is able to dominate the local animal feed market. CP Vietnam is Vietnam’s biggest animal feed producer. It has roughly a share of 15%-20% of the market. However, when it comes to feed concentrate and base mix, its share is even less.
Vietnam Feed Concentrate and Base Mix Market Leaders
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EuromiX
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Cargill Inc.
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Nutreco
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Mixscience
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Dachan Food
*Disclaimer: Major Players sorted in no particular order
Vietnam Feed Concentrate and Base Mix Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
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4.5.1 Bargaining Power of Suppliers
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Threat of New Entrants
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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4.6 Regulatory Policy Analysis
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Ruminant
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5.1.2 Poultry
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5.1.3 Swine
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5.1.4 Companion Animals
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5.2 Feed Type
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5.2.1 Concentrate
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5.2.1.1 Energy Feed
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5.2.1.2 Protein Feed
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5.2.2 Basemix
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Manufacturers
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6.3.1.1 EuromiX
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6.3.1.2 Cargill Inc.
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6.3.1.3 Nutreco
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6.3.1.4 Mixscience
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6.3.2 Other Companies
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6.3.2.1 The Honest Kitchen
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6.3.2.2 Dachan Food
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Vietnam Feed Concentrate and Base Mix Industry Segmentation
The report contains an analysis of various parameters of the Vietnamese feed concentrate and base mix market. The study includes various kinds of growth promoters that are given to farm animals. The market has been segmented on the basis of the type of animal. The study involves the analysis of the growth promoters and the market demand for them. The report presents wide-range analysis of market shares, size, and trends in the Vietnamese feed concentrate and base mix market. The market operates in the B2C mode, and market sizing has been done at the consumer level.
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Companion Animals |
| Feed Type | ||||
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| Basemix |
Vietnam Feed Concentrate and Base Mix Market Research FAQs
What is the current Vietnam Feed Concentrate and Basemix Market size?
The Vietnam Feed Concentrate and Basemix Market is projected to register a CAGR of 4.85% during the forecast period (2024-2029)
Who are the key players in Vietnam Feed Concentrate and Basemix Market?
EuromiX, Cargill Inc., Nutreco, Mixscience and Dachan Food are the major companies operating in the Vietnam Feed Concentrate and Basemix Market.
What years does this Vietnam Feed Concentrate and Basemix Market cover?
The report covers the Vietnam Feed Concentrate and Basemix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Feed Concentrate and Basemix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Feed Concentrate and Basemix in Vietnam Industry Report
Statistics for the 2024 Feed Concentrate and Basemix in Vietnam market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Feed Concentrate and Basemix in Vietnam analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
