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Vietnam Feed Concentrate and Base Mix Market Size, Share: By Feed Type: Concentrate, Basemix; By Animal Type: Ruminant, Poultry, Swine, Companion Animals; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Vietnam Feed Concentrate and Base Mix Market Size
The Vietnam feed concentrate and base mix market is projected to grow at a CAGR of 4.4% between 2024 and 2032. The market is being driven by the rising consumption of meat and dairy products in Vietnam.
| Vietnam Feed Concentrate and Base Mix Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.4% |
| CAGR 2024-2032 - Market by Region | Southeast | 5.1% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 4.5% |
| CAGR 2024-2032 - Market by Animal Type | Poultry | 5.0% |
| CAGR 2024-2032 - Market by Feed Type | Basemix | 4.8% |
| Market Share by Region | Mekong River Delta | 16.9% |
Vietnam Feed Concentrate and Base Mix Market Outlook
- In March 2024, De Heus Animal Nutrition, a worldwide supplier of compound feed, premixes, concentrates, and feed specialities, launched a shrimp feed mill in Vietnam.
- According to the Animal Feed Ingredients Market in Vietnam report by GOI, as of 2021, there were 85 FDI factories out of 265 producing animal feed, which collectively owns 65% of the market share.
- Market players are being driven by stringent regulations to adopt higher production standards in order to ensure feed quality and safety.
Vietnam Feed Concentrate and Base Mix Market Growth
The increasing middle-class population and the growth of disposable incomes are resulting in a greater demand for meat and dairy products, which, in turn, is driving the necessity for high-quality animal feed. On average, Vietnamese individuals consume 134 grams of meat per day, with 95.5 grams being red meat, 36.2 grams being poultry, and 4.7 grams being meat-based products. In urban areas, these figures are even higher, with 155.3 grams of red meat, 36.5 grams of poultry, and 3.9 grams of meat-based products. In rural areas, the average consumption is 126.2 grams, including 85.8 grams of red meat. Additionally, Vietnamese are consuming more animal-sourced lipids than plant-sourced lipids.
Moreover, the heightened awareness of the importance of animal health and nutrition is boosting the demand for high-quality feed concentrates and base mixes. Farmers and livestock producers are increasingly acknowledging the critical role of these products in promoting animal well-being, reducing disease risk, and improving overall production efficiency.
Furthermore, Vietnam's ongoing technological advancements in feed formulation and precision agriculture are revolutionising the market. The integration of innovative techniques and modern technologies allows for the development of tailored and efficient feed concentrates, drawing the interest of farmers and feed producers eager to optimise animal performance. Additionally, stringent regulatory standards and a focus on food safety are compelling the adoption of top-tier feed concentrates and base mixes. Compliance with these regulations is imperative to maintain the integrity of the food supply chain and meet consumers' evolving expectations, thereby fuelling the market growth.
Vietnam Feed Concentrate and Base Mix Industry Segmentation
“Vietnam Feed Concentrate and Base Mix Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Feed Type |
| Basemix | 4.8% |
| Concentrate | XX% |
Market Breakup by Feed Type
- Concentrate
- Protein Feed
- Energy Feed
- Basemix
| CAGR 2024-2032 - Market by | Animal Type |
| Poultry | 5.0% |
| Ruminant | 4.3% |
| Swine | XX% |
| Companion Animals | XX% |
Market Breakup by Animal Type
- Ruminant
- Poultry
- Swine
- Companion Animals
| CAGR 2024-2032 - Market by | Region |
| Southeast | 5.1% |
| Mekong River Delta | 4.5% |
| South Central Coast | 4.2% |
| Red River Delta | XX% |
| Others | XX% |
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Feed Concentrate and Base Mix Market Share
Based on the animal type, the market is segmented into ruminant, poultry, swine, and companion animals. Poultry is projected to witness the fastest growth in the forecast period, growing at a CAGR of 5.0% during 2024-2032. This can be attributed to the increasing poultry population in the country and the rising focus on optimal poultry health.
| Market Share by | Region |
| Mekong River Delta | 16.9% |
| Southeast | XX% |
| Red River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
Leading Companies in the Vietnam Feed Concentrate and Base Mix Market
Major market players are investing heavily in innovative production techniques and complying with stringent regulatory standards to gain a competitive edge.
- Cargill Inc.
- SHV Holdings N.V. (Nutreco)
- Avril Group (Mixscience)
- Dachan Food Asia Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Feed Type |
|
| Breakup by Animal Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Feed Concentrate and Base Mix Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Feed Concentrate and Base Mix Historical Market (2018-2023)
8.3 Asia Pacific Feed Concentrate and Base Mix Market Forecast (2024-2032)
9 Vietnam Feed Concentrate and Base Mix Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Feed Concentrate and Base Mix Historical Market (2018-2023)
9.3 Vietnam Feed Concentrate and Base Mix Market Forecast (2024-2032)
10 Vietnam Feed Concentrate and Base Mix Market by Feed Type
10.1 Concentrate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Protein Feed
10.1.3.2 Energy Feed
10.2 Basemix
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Feed Concentrate and Base Mix Market by Animal Type
11.1 Ruminant
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Poultry
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Swine
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Companion Animals
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Vietnam Feed Concentrate and Base Mix Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Cargill Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 SHV Holdings N.V. (Nutreco)
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Avril Group (Mixscience)
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Dachan Food Asia Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Feed Concentrate and Base Mix Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Feed Concentrate and Base Mix Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Feed Concentrate and Base Mix Historical Market: Breakup by Feed Type (USD Million), 2018-2023
4. Vietnam Feed Concentrate and Base Mix Market Forecast: Breakup by Feed Type (USD Million), 2024-2032
5. Vietnam Feed Concentrate and Base Mix Historical Market: Breakup by Animal Type (USD Million), 2018-2023
6. Vietnam Feed Concentrate and Base Mix Market Forecast: Breakup by Animal Type (USD Million), 2024-2032
7. Vietnam Feed Concentrate and Base Mix Historical Market: Breakup by Region (USD Million), 2018-2023
8. Vietnam Feed Concentrate and Base Mix Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Vietnam Feed Concentrate and Base Mix Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.4% between 2024 and 2032.
The market is being driven by an increase in the meat consumption and the heightened awareness of the importance of animal health and nutrition.
The key trends aiding the market include technological advancements in feed formulation and the rising adoption of pets in Vietnamese households.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different animal types considered in the market report include ruminant, poultry, swine, and companion animals.
The major players in the market are Cargill Inc., SHV Holdings N.V. (Nutreco), Avril Group (Mixscience), and Dachan Food Asia Ltd., among others.
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