Vietnam Compound Feed Market Size, Industry Report | 2031

Segments - Vietnam Compound Feed Market by Ingredient Types (Grains and Cereals, Oilseeds and Derivatives, Fish Meal and Fish Oil, Supplements, and Other Ingredient Types), and Livestock (Swine, Ruminant, Poultry, Aquaculture, and Other Livestock) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 -2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

Vietnam Compound Feed Market Outlook 2031:

The Vietnam compound feed market size was valued at USD 10.91 Billion in 2022 and is projected to reach USD 18.12 Billion by 2031, expanding at a CAGR of 5.8% during the forecast period 2023 - 2031. Growth of the market is attributed to the rising demand for meat, dairy, and aquaculture products.

Compound feed is a combination of fresh or preserved items of vegetable or animal origin intended for oral feeding to domestic animals in their natural form. In other words compound feed is a blend of basic materials and supplements provided to animals, derived from plant, animal, organic, or inorganic sources, or industrial processing, and may contain additives.

The most common additions combined to produce compound feed are vitamins, minerals, and amino acids. Healthy animals require an adequate amount of carbs, proteins, vitamins, and minerals. Compound feed's nutritional quality is determined not only by nutrient content, but also by hygiene, digestibility, and effect on intestinal health.

Vietnam has steadily increased its need for compound feed in recent decades. Growing population, increased demand for high-quality meat products, and rising consumer spending levels are driving market. Market development has been aided by the expansion of user industries and livestock production. Feed makers and producers are becoming more aware of ways and tactics to deal with COVID-19 as a result of the outbreak.

Compound Feed Market Trends, Drivers, Restraints, and Opportunities

Rising livestock production is estimated to propel the market during the forecast period.
Increase in organized livestock farming is projected to fuel the market in the coming years.
Growth of the market is driven by increasing demand for meat, rising consumer spending, and growing population.
High cost of the product is expected to hamper the market growth.
Stringent government regulations act as major challenge that restricts the market growth.
Growing adoption of flexible feeds is anticipated to offer immense opportunities for the market players. Lack of transportation facility due to covid-19 outbreak presents as major challenges that can hamper the market growth during the forecast period.

Scope of the Compound Feed Market Report

The report on the Vietnam compound feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Vietnam Compound Feed Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Ingredient Types (Pulses and Cereals, Oilseeds and Derivatives, Fish Meal and Fish Oil, Supplements, and Others), and Livestock (Swine, Ruminant, Poultry, Aquaculture, and Other Livestock)
Geography	Vietnam
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Cargill Incorporated, Alltech, ADM Vietnam Co. Ltd., Charoen Pokphand (CP) Vietnam, and DE HEUS Company Limited

Compound Feed Market Segment Insights

The cereals & pulses segment is projected to account for a major market share

Based on ingredient types, the Vietnam compound feed market is segregated into cereals & pulses, oilseeds & derivatives, fish meal & fish oil, supplements, and others. The cereals and pulses segment is expected to represent a key share of the market during the forecast period. As a key source of energy, cereals make up a large percentage of the animal feed diet.

Various grains are utilized in feed depending on the region's availability and preferences. With growing pressure on animal performance and growth to optimize the output of animal-based goods, high-energy diets are in great demand. Rice intake may even boom in the country, in which rice is gaining significance as a main meals staple and source of calories.

The poultry segment is expected to grow at a rapid pace

Based on livestock, the market is fragmented into ruminant, swine, poultry, aquaculture, and other livestock. The poultry segment is expected to represent a key share of the market during the forecast period.

Poultry is considered as one of the most cost-effective sources of protein, and as a result, demands for poultry goods such as eggs and meat continue to rise.

The population and income variables have a significant impact on poultry product demand. Packaged chicken feed is predicted to expand at a faster rate than traditional poultry feed. As a key source of energy, cereals make up a large percentage of the animal feed diet. Various grains are utilized in feed depending on the region's availability and preferences.

Segments

The Vietnam compound feed market has been segmented on the basis of

Ingredient Types

Cereals and Pulses
Oilseeds and Oil Derivatives
Fish Meal and Fish Oil
Supplements
Others

Livestock

Ruminant
Swine
Poultry
Aquaculture
Other Livestock

Key Players

Cargill Incorporated
Alltech
ADM Vietnam Co. Ltd.
Charoen Pokphand (CP) Vietnam
DE HEUS Company Limited

Competitive Landscape

Key players competing in the Vietnam compound feed market include Cargill Incorporated, Alltech, ADM Vietnam Co. Ltd., Charoen Pokphand (CP) Vietnam, and DE HEUS Company Limited.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Vietnam Compound Feed Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Compound Feed Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Compound Feed Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Compound Feed Market - Supply Chain
  4.5. Global Compound Feed Market Forecast
     4.5.1. Compound Feed Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Compound Feed Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Compound Feed Market Absolute $ Opportunity
5. Global Compound Feed Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Compound Feed Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Compound Feed Demand Share Forecast, 2019-2026
6. North America Compound Feed Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Compound Feed Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Compound Feed Demand Share Forecast, 2019-2026
7. Latin America Compound Feed Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Compound Feed Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Compound Feed Demand Share Forecast, 2019-2026
8. Europe Compound Feed Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Compound Feed Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Compound Feed Demand Share Forecast, 2019-2026
9. Asia Pacific Compound Feed Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Compound Feed Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Compound Feed Demand Share Forecast, 2019-2026
10. Middle East & Africa Compound Feed Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Compound Feed Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Compound Feed Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Compound Feed Market: Market Share Analysis
  11.2. Compound Feed Distributors and Customers
  11.3. Compound Feed Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill Incorporated
     11.4.2. Alltech
     11.4.3. ADM Vietnam Co. Ltd.
     11.4.4. Charoen Pokphand (CP) Vietnam
     11.4.5. DE HEUS Company Limited