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Home (/) » Animal Feed and Feed Additives (/industry/animal-feed-and-feed-additives) » Vietnam Animal Feed Additives Market Size, Industry Report, 2025

Vietnam Animal Feed Additives Market Size, Share & Trends Analysis Report By Product (Antibiotics, Vitamins,
Antioxidants, Amino Acids Feed Enzymes,), By Application, By Region, And Segment Forecasts, 2014 - 2025

Published Date: Sep, 2019 Base Year for Estimate: 2018 Report ID: 978-1-68038-434-5 Format: Electronic (PDF) Historical Data: 2014 - 2017

Number of Pages: 84

Report Summary

Table of Contents

Segmentation

Methodology

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Report Overview
The Vietnam animal feed additives market size was estimated at USD 652.3 million in 2018 and is expected to grow at a CAGR of 3.7% over the forecast
period. Additives consumption in poultry feed is expected to provide significant opportunities to market participants. Unlike other Southeast Asian nations
where poultry consumption is dominant, Vietnam meat consumption has been dependent on pork, with high poultry consumption.

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However, changing lifestyles and growing processed food industries are expected to drive meat consumption shifts towards white meat products such as
poultry and fish. Changing meat consumption patterns could provide market participants with significant opportunities regarding application development
over the forecast period.

Amino acids in themselves are a wide range of protein products necessary for proper animal raising. Some of the significant amino acids include lysine,
methionine, threonine, and tryptophan. Lysine is predominantly used in the pork industry while methionine is extensively utilized by the poultry industry.

Amino acids emerged as the second-largest feed additive type in 2018 and accounted for 28.01% of the overall market. Rising awareness concerning to
benefits of feed additives in tandem with some significant outbreak of diseases has encouraged increased utilization of additives in animal feed. Amino
acids act as protein building blocks for the health of the application.

Meat consumption in Vietnam witnessed growth at 9.4% in 2009, which can be attributed to changing lifestyle and shift from traditional
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industrial farming. Increasing meat consumption is expected to drive the demand for animal feed. According to MARD, animal feed demand
experience. was
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million tons in 2010, wherein domestic manufacturing accounted for 11 million tons.
Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

 Competitive benchmarking

 Historical data & forecasts

 Company revenue shares

 Regional opportunities

 Latest trends & dynamics

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Product Insights

The ability of antibiotics to promote growth in livestock is one of the prominent factors that helped in developing its market in Vietnam. Increasing pork and
poultry consumption coupled with concerns regarding influenza viruses affecting them have been driving animal feed antibiotics to demand in Vietnam.

Due to strict quality inspection, the market is anticipated to grow moderately. Furthermore, according to the Ministry of Agriculture and Rural Development,
Vietnam will impose a ban on all types of antibiotics from 2020 in the livestock farming, thereby affecting the antibiotic market in animal feed in the
country.

The primary reason for the slow growth rate in the vitamin market for feed additives is that they are only used in cases where the application is deficient,
and the natural vitamins present in the feed prove insufficient. Vitamins are also additionally given to animals for improving reproductively and for increased
resistance to diseases.

Application Insights

In 2018, the pork feed segment accounted for a major market share in the animal feed additives market. Some of the major pork-consuming regions across
the globe include Asia Pacific, North America, and Europe. China, Canada, Brazil, and the U.S. are the major consumers and producers of swine animal
feed. Vietnam is one of the prominent pork-consuming countries in Asia followed by China.

Vietnam’s pig herd is one of the largest in Southeast Asia. Owing to their role in agricultural production systems, their economic function, and their
contribution to human nutrition, they are of great importance. Developing the pork industry in Vietnam is expected to trigger the country’s demand for
animal feed additives in the future.

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Vietnam has witnessed a huge amount of investment in its livestock industry in the past couple of years as most of the firms have their base in foreign
countries but have formed joint ventures in Vietnam. Also, many of these firms are exporting poultry products that contribute to earning the required foreign
currency for Vietnam. Thus, the growing poultry sector is anticipated to fuel the animal feed additives market in Vietnam.

Cattle feed is anticipated to rapidly gain market share in the country due to the high demand for exclusive beef products. It is categorized by a large number
of beef imports to satisfy the demand for superior quality products. The Vietnamese animal feed sector is considered to be one of the fastest-growing
sectors. However, the industry is still trying to fulfill the demand for animal feed whereas, the remaining is covered by imported feed.

Key Companies & Market Share Insights

Vietnam animal feed additives market is highly dominated by overseas organizations that are releasing for than 70% of the market share. Advanced
technologies, tax incentives, greater capital resources, and overseas backhand support have been the competitive advantages for multinational companies
to dominate the market, consequently affecting the profits of domestic producers.

Moreover, cheaper imports from China in line with the ASEAN-China Free Trade Agreement along with low taxation in the ASEAN Free Trade Area have
impeded domestic production as animal farmers have shown an inclination toward the above-mentioned importing trends. Though production volumes have
slightly increased, decline, in terms of value, can be largely attributed to cheaper production costs that are beneficial to multinational corporations.

Vietnam Animal Feed Additives Market Report Scope

Report Attribute Details

Market size value in 2019 USD 655.1 million

Revenue forecast in 2025 USD 816.4 million

Growth Rate CAGR of 3.7% from 2019 to 2025

Base year for estimation 2018

Historical data 2014 - 2017

Forecast period 2019 - 2025

Quantitative units Revenue in USD million and CAGR from 2019 to 2025

Revenue forecast, company ranking, competitive landscape, growth factors, and

Report coverage
trends

Segments covered Product, application, region

Regional scope Vietnam

Country scope Vietnam

Vedan VietNam Enterprises Co., Ltd., Cargill, Incorporated, BASF SE, Kemin Industries,
Key companies profiled
Inc., Olmix Group, Hong Ha Nutrition JSC.

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Segments Covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from
2014 to 2025. For this study, Grand View Research has segmented the Vietnam Animal Feed Additives market report based on product and application:

Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

Antibiotics

Vitamins

Antioxidants

Amino Acids

Feed Enzymes

Feed Acidifiers

Others

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

Pork/Swine

Poultry

Cattle

Aquaculture

Others

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