Compound Feed Market in Vietnam to Record 5.26% Y-O-Y Growth Rate in 2022|Demand for Meat & Meat-based Products to Boost Growth|17000+ Technavio Reports

NEW YORK, Feb. 15, 2022 /PRNewswire/ — The compound feed market in Vietnam is predicted to develop by 10080.00 thousand items from 2021 to 2026, Nonetheless, the expansion momentum is prone to decelerate at a CAGR of 4.78% as per the most recent market report by Technavio. The compound feed market share progress in Vietnam by the home manufacturing segment will likely be important for income technology. The presence of a number of massive services similar to Dabaco, Masan, Greenfeed, Vina, and Lai Thieu will drive the home manufacturing section within the coming years.

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Compound Feed Market in Vietnam: Demand for meat and meat-based merchandise to drive progress

The important thing issue driving the compound feed market progress in Vietnam is the excessive demand for meat and meat-based merchandise. The demand for greater high quality meat at decrease costs has been growing over time, and financial progress has elevated prospects’ spending energy, the vast majority of which is oriented towards the consumption of cattle meat. Up to now, the Vietnamese authorities, businesses, and ministries carried out many packages, such because the livestock improvement technique, to spice up the livestock business, which resulted in elevated output and meat consumption. Main overseas feed producers are increasing into Vietnam by buying aquaculture and poultry feed companies. Quite a few authorities initiatives, such because the Livestock Growth Technique, have aided within the enhance of home meat manufacturing and consumption. Poultry feed was essentially the most consumed commodity because of the public predilection for white rooster and duck flesh. Therefore, the regional market in focus is predicted to develop through the forecast interval.

Compound Feed Market in Vietnam: Stiff competitors from worldwide distributors to impede progress

The important thing problem to the compound feed market progress in Vietnam is the stiff competitors from worldwide distributors similar to Cargill of the US, De Heus of Holland, and Charoen Pokphand Group of Thailand that dominate Vietnam’s compound feed sector. Feed millers face appreciable obstacles within the brief time period, together with an absence of logistical capability, which limits each import and export. It’s anticipated that the smaller ones will both depart or be acquired by the bigger ones through the forecast interval. Some feed millers usually are not following the feed and farm technique of constructing and working farms. This technique compels them to look at different methods to compete with those that personal farms, similar to C.P., and may undertake inside gross sales of feed to their farms. This may act as a serious problem and can negatively impression the market in focus through the forecast interval.

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Compound Feed Market in Vietnam Worth Chain Evaluation

The top-to-end understanding of the worth chains is important in revenue margin optimization and analysis of enterprise methods. The info out there in our worth chain evaluation section may help distributors drive prices and improve buyer providers through the forecast interval. The worth chain of the Compound Feed Market in Vietnam contains the next core elements:

The report has additional elucidated on different modern approaches being adopted by producers to make sure a sustainable market presence.

Compound Feed Market In Vietnam: Segmentation Evaluation

This market analysis report segments the compound feed market in Vietnam by Manufacturing sort (home manufacturing and imports) and product sort (poultry feed, cattle and buffaloes, and others).

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Associated Studies:
Aquaculture Feed Market –The aquaculture feed market share is predicted to extend by USD 21.68 billion from 2020 to 2025, and the market’s progress momentum will speed up at a CAGR of 6.92% Obtain a free pattern now!

Animal Feed Market –The animal feed market measurement has the potential to develop by USD 110.29 billion throughout 2021-2025, and the market’s progress momentum will speed up at a CAGR of 4.42%. Obtain a free pattern now!

Desk of Content material
Govt Abstract

Market Panorama

• Market ecosystem

• Worth chain evaluation

Market Sizing

5 Forces Evaluation

Market Segmentation by Manufacturing sort

• Market segments

• Comparability by Manufacturing sort

• Home manufacturing – Market measurement and forecast 2021-2026

• Imports – Market measurement and forecast 2021-2026

• Market alternative by Manufacturing sort

Market Segmentation by Product sort

• Market segments

• Comparability by Product sort

• Poultry feed – Market measurement and forecast 2021-2026

• Cattle and buffaloes – Market measurement and forecast 2021-2026

• Others – Market measurement and forecast 2021-2026

• Market alternative by Product sort

• Market drivers

• Market challenges

• Market developments

Vendor Panorama

• Overview

• Vendor panorama

• Panorama disruption

Vendor Evaluation

• Distributors lined

• Market positioning of distributors

• Alltech Inc.

• Archer Daniels Midland Co.

• C.P. Pokphand Co. Ltd.

• Cargill Inc.

• De Heus Voeders BV

• Emivest Feedmill Vietnam Co. Ltd.

• GreenFeed Vietnam Crop.

• Lai Thieu Feed Mill Co. Ltd.

• Mavin Group

• New Hope Group Co. Ltd.

Appendix

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