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Vietnam Feed Market, by Ingredient Type (Plant-based, Animal-based, and Additives), Livestock Type (Swine, Poultry, Ruminants, and Aquatic Animals) - Trends and Forecast to 2021

  • Report Code: AN 1000
  • Publish Date: Aug 2016
  • Number of Pages: 99
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The Vietnam Feed Market is estimated to be valued at USD 7.02 billion in 2015. It is projected to grow at a CAGR of 5.6% from 2016 to 2021, to reach USD 9.52 billion by 2021. The base year considered for the study is 2015 and the forecast period is 2016 to 2021. The Vietnamese feed market is segmented on the basis of ingredient type which is further divided into their subsegments. It is also segmented on the basis of livestock type with further sub-segmentation. With the increase in the production and consumption of meat in Vietnam, the demand for animal feed is likely to increase.


This report includes estimation of market sizes for value (USD million) and volume (tons). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the feed market in Vietnam and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.


 “To know about assumptions considered for this research report, download the pdf brochure.”


Key participants in the supply chain of Vietnamese feed market are raw material suppliers, feed manufacturers, research organizations, compound feed producers and integrators, regulatory bodies, and compound feed users. The major key players that are profiled in the report include Charoen Popkhand Foods PCL (Thailand), Masan Group (Vietnam), Nutreco N.V. (Netherlands), Cargill, Incorporated (U.S.), Hung Vuong Corporation (Vietnam), Royal De Heus B.V. (Netherlands), Dabaco Group JSC (Vietnam), and Koninklijke DSM N.V. (Netherlands).


This report is targeted at the existing players in the industry, which include: 

  • Agricultural producers
  • Distributors of animal feed
  • Compound feed manufacturers and users
  • Regulatory authorities


“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.” 

On the basis of ingredient type, the Vietnamese feed market is segmented as follows:    

  • Plant-based
  • Animal-based
  • Additives
  • Other ingredient type (microbial and algal sources)


On the basis of livestock type, the Vietnamese feed market is segmented as follows:

  • Swine
  • Poultry
  • Ruminants
  • Aquatic animals
  • Other livestock type (horses and rabbits)


With the given market data, MicroMarketMonitor offers customizations according to the client-specific needs.


The following customization options are available for the report:

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Company Information

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Table of Contents


1 Introduction
    1.1 Objectives of the Study 
    1.2 Market Definition 
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Periodization Considered for the Study
    1.4 Currency 
    1.5 Stakeholders 
    1.6 Limitations 
2 Research Methodology
    2.1 Research Data 
           2.1.1 Secondary Research
            Key Data Taken from Secondary Sources
            Masan Group
            Key Data from Primary Sources
    2.2 Factor Analysis 
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
            High Nutrition Requirement for Growing Population
            Developing Economies
            Increase in Meat Production in Vietnam
           2.2.3 Supply-Side Analysis
            Vietnam Meat Products: Export-Import Quantity and Value
            Rising Cost of Natural Feed Products
    2.3 Market Size Estimation 
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation 
    2.5 Research Assumptions & Limitations 
           2.5.1 Assumptions
           2.5.2 Limitations
3 Executive Summary
4 Industry Trends
    4.1 Introduction 
    4.2 Supply Chain Analysis 
    4.3 Value Chain Analysis 
    4.4 Porter’s Five Forces Analysis 
           4.4.1 Intensity of Competitive Rivalry
           4.4.2 Threat of New Entrants
           4.4.3 Threat of Substitutes
           4.4.4 Bargaining Power of Suppliers
           4.4.5 Bargaining Power of Buyers
5 Market Overview
    5.1 Introduction 
    5.2 Market Evolution 
    5.3 Market Segmentation 
           5.3.1 By Ingredient Type
           5.3.2 By Livestock Type
    5.4 Market Dynamics 
           5.4.1 Drivers
            Gradual Shift from Unorganized Livestock Farming to Organized Sector
            Government Support to Foreign Companies
           5.4.2 Restraints
            Customized Products at High Costs
            Raw Material Shortage
           5.4.3 Opportunities
            Better Opportunities in Less Competitive Red River Delta
            Strategic Location for Distribution
           5.4.4 Challenges
            Distribution System Constraints Between North & South Vietnam
            Import of Cheap and Quality Meat
    5.5 Trading & Regulatory Environment 
           5.5.1 Trade Barriers
            Vietnamese Imports
            Vietnamese Exports
           5.5.2 Feed Regulations
            Production and  Sales in Vietnam
            Import of Feed
6 Vietnam Feed Market, By Ingredient Type
    6.1 Introduction 
    6.2 Plant-Based 
    6.3 Animal-Based 
    6.4 Additives 
    6.5 Other Ingredient Type 
7 Vietnam Feed Market, By Livestock
    7.1 Introduction 
    7.2 Swine 
    7.3 Poultry 
    7.4 Ruminants 
    7.5 Aquatic Animals 
    7.6 Others 
8 Competitive Landscape
    8.1 Overview 
    8.2 Cometitive Situations & Trends 
    8.3 Expansions & Investments: the Key Strategies, 2013–2016 
           8.3.1 Partnerships & Agreements
           8.3.2 Expansions and  Investments
           8.3.3 New Product Launch
           8.3.4 Acquisitions
9 Company Profiles

    9.1 Introduction 
    9.2 Charoen Pokphand Foods Pcl. 
    9.3 Masan Group 
    9.4 Nutreco N.V. 
    9.5 Cargill, Incorporated. 
    9.6 Hung Vuong Corporation 
    9.7 Royal De Heus B.V. 
    9.8 Dabaco Group 
    9.9 Biomin Gmbh 
    9.1 Koninklijke Dsm N.V. 
    9.11 Sichuan New Hope Group Co. Ltd. 

10 Appendix
    10.1 Introducing Rt: Real-Time Market Intelligence 
    10.2 Available Customization 


List Of Tables 
Table 1 Key Exporters To Vietnam, 2015
Table 2 Key Importers Of Vietnam, 2014
Table 3 Vietnam Feed Market Size, By Ingredient Type, 2014–2021 (USD Million)
Table 4 Vietnam Feed Market Size, By Ingredient Type, 2014–2021 (Kilo Tons)
Table 5 Plant-Based Ingredient Market Size, By Type, 2014–2021 (USD Million)
Table 6 Plant-Based Ingredient Market Size, By Type, 2014–2021 (Kilo Tons)
Table 7 Animal-Based Ingredient Market Size, By Type, 2014–2021 (USD Millions)
Table 8 Animal-Based Ingredient Market Size, By Type, 2014–2021 (Kilo Tons)
Table 9 Additives Ingredients Market Size, By Type, 2014–2021 (USD Million)
Table 10 Additives Ingredients Market Size, By Type, 2014–2021 (Kilo Tons)
Table 11 Feed Market Size, By Livestock Type, 2014–2021 (USD Million)
Table 12 Feed Market Size, By Livestock Type, 2014–2021 (KT)
Table 13 Agreements & Partnerships, 2016
Table 14 Expansions and  Investments, 2013–2016
Table 15 New Product Launch, 2013–2016
Table 16 Acquisitions, 2014–2015


List Of Figures 
Figure 1 Feed Market Segmentation
Figure 2 Ingredient Typemarket Sub-Segmentation
Figure 3 Research Design
Figure 4 Vietnam: Population Projected to Reach ~105.2 Million By 2030
Figure 5 Vietnam: Gdp, 2005–2014 (USD Billion)
Figure 6 Vietnam: Meat Production, 2006–2013 (Million Tons)
Figure 7 Vietnam Meat Products: Export & Import Volume (‘000 Tons)
Figure 8 Vietnam Meat Products: Export & Import Value (USD Million)
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Market Size Estimation Methodology: Top-Down Approach
Figure 11 Data Triangulation
Figure 12 Assumptions of the Study
Figure 13 Limitations of the Study
Figure 14 Plant-Based & Animal-Based: Promising Ingredient Segments for Investment, 2016-2021
Figure 15 Increasing Demand for Feed in Swine Segment, 2016-2021
Figure 16 Sourcing Quality Ingredients & End Product Distribution: Critical Checkpoints
Figure 17 Customized Product Formulation & Blending: Main Phases Of Value Addition
Figure 18 Porter’s Five Forces Analysis: Intensive Rivalry Showcased Through Production Capabilities
Figure 19 By Ingredient Type
Figure 20 Demand for Quality Meat Drives the  Growth of the  Vietnamese Feed Market 38
Figure 21 Per Capita Meat Consumption of Vietnam, By Livestock,2005-2020 (Kg/Person/Year) 39
Figure 22 Vietnam Feed Market, By Ingredient Type, 2016 Vs. 2021 (USD Million)
Figure 23 Vietnam Feed Market, By Ingredient Type, 2016 Vs. 2021 (Kilo Tons)
Figure 24 Ruminants: Fastest-Growing Segment of the  Vietnamese Feed Market, 2016 Vs. 2021 (USD Million) 55
Figure 25 Swine: Largest Segment of the  Vietnamese Feed Market, 2016 Vs. 2021 (KT)
Figure 26 Vietnam: Meat & Swine Production Vs. Consumption, 2006–2016 (’000 Metric Tons)
Figure 27 Vietnam: Poultry Meat Production, By Type, 2009–2013 (’000 Tons)
Figure 28 Vietnam: Poultry & Broiler Meat Production Vs. Consumption, 2006–2016 (’000 Metric Tons) 59
Figure 29 Vietnam: Ruminants Meat Production, 2009–2013 (’000 Tons)
Figure 30 Vietnam: Beef and  Veal Meat Production Vs. Consumption, 2006–2016 (’000 Metric Tons) 60
Figure 31 Vietnam: Aquaculture Production, 2006–2013 (’000 Tons)
Figure 32 Key Companies Preferred Acqu is  ition & Expansion During the   Studied Period (2013-2016)
Figure 33 Acqu is  itions: Have Fueled Growth & Innovation (2014–2015)
Figure 34 Annual Developments In the Vietnamese Feed Market, 2013–2016
Figure 35 Geographical Revenue Mix of Leading Market Players, 2015
Figure 36 Charoen Pokphand Foods Pcl.: Company Snapshot
Figure 37 Charoen Pokphand Foods Pcl.: Swot Analysis
Figure 38 Masan Group: Company Snapshot
Figure 39 Masan Group: Swot Analysis
Figure 40 Nutreco N.V.: Company Snapshot
Figure 41 Nutreco N.V.: Swot Analysis
Figure 42 Cargill, Incorporated: Company Snapshot
Figure 43 Cargill, Incorporated: Swot Analysis
Figure 44 Hung Vuong Corporation: Company Snapshot
Figure 45 Hung Vuong Corporation: Swot Analysis
Figure 46 Royal De Heus B.V.: Company Snapshot
Figure 47 Dabaco Group: Company Snapshot
Figure 48 Koninklijke Dsm N.V.: Company Snapsho

The Vietnam Feed Market is projected to reach a value of USD 9.52 billion by 2021, at a CAGR of 5.6% from 2016 to 2021. The growth is driven by factors such as gradual shift from unorganized livestock farming to organized sector and the growing awareness regarding the importance of health and hygiene of livestock. The support provided by the government to foreign companies has also led to the development and growth of this market.


On the basis of the ingredients used for the manufacture of feed, the Vietnamese feed market is led by animal-based ingredients, followed by plant-based. Fishmeal is extensively used for animal-based feed in Vietnam as it provides quality protein. It also enriches animal diets with calcium and phosphorus. The development of aquaculture in Vietnam is supporting an increase in demand for fishmeal. The growth is driven by growing customer attention toward increasing the value of livestock by providing them quality feed which compensates for nutrients and supplements that are missing from their natural diet.


Among the types of livestock–swine, poultry, ruminants, aquatic animals, and other livestock types–the swine segment accounted for the largest market share followed by poultry in 2015. High growth of this segment is attributable to the fact that pork has the highest consumption share amongst the animal meat consumed by the Vietnamese.

High feed prices is one of the restraints in the feed market of Vietnam. The shortage of raw materials for the manufacture of feed is further hindering the growth of this market.


Masan Group (Vietnam) is one of the prominent players in the Vietnamese feed market. The company’s core competencies are advanced manufacturing and quality-control systems, regulatory expertise, market knowledge, strong distribution network and R&D capabilities. In 2015, Masan Group acquired 99.9% share of Sam Kim Co. Ltd. (Vietnam) and renamed the company as Masan Nutri-Science Company. With this acquisition Masan acquired 52% shares in Vietnam French Cattle Feed JSC (Proconco) and 70% stakes in Agro Nutrition Company (Anco). The acquisition enabled Masan Group to increase its presence significantly in the Vietnamese feed market.


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