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Compound Feed Market in Vietnam: Demand for meat and meat-based products to drive growth
The key factor driving the compound feed market growth in Vietnam is the high demand for meat and meat-based products. The demand for higher quality meat at lower prices has been increasing over the years, and economic progress has increased customers' spending power, the majority of which is oriented toward the consumption of cattle meat. In the past, the Vietnamese government, agencies, and ministries implemented many programs, such as the livestock development strategy, to boost the livestock industry, which resulted in increased output and meat consumption. Major foreign feed manufacturers are expanding into Vietnam by acquiring aquaculture and poultry feed businesses. Numerous government initiatives, such as the Livestock Development Strategy, have aided in the increase of domestic meat production and consumption. Poultry feed was the most consumed commodity due to the public predilection for white chicken and duck flesh. Hence, the regional market in focus is expected to grow during the forecast period.
Compound Feed Market in Vietnam: Stiff competition from international vendors to impede growth
The key challenge to the compound feed market growth in Vietnam is the stiff competition from international vendors such as Cargill of the US, De Heus of Holland, and Charoen Pokphand Group of Thailand that dominate Vietnam's compound feed sector. Feed millers face considerable obstacles in the short term, including a lack of logistical capacity, which limits both import and export. It is expected that the smaller ones will either depart or be acquired by the larger ones during the forecast period. Some feed millers are not following the feed and farm strategy of building and operating farms. This method compels them to examine alternative strategies to compete with those who own farms, such as C.P., and can undertake internal sales of feed to their farms. This will act as a major challenge and will negatively impact the market in focus during the forecast period.
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Compound Feed Market in Vietnam Value Chain Analysis
The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the Compound Feed Market in Vietnam includes the following core components:
- Inputs
- Inbound logistics
- Primary processing
- Secondary and tertiary processing
- Outbound logistics
- End-customers
- Marketing and sales
- Services
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Compound Feed Market In Vietnam: Segmentation Analysis
This market research report segments the compound feed market in Vietnam by Production type (domestic production and imports) and product type (poultry feed, cattle and buffaloes, and others).
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Compound Feed Market In Vietnam Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.78% |
Market growth 2022-2026 |
10080.00 thousand units |
Market structure |
Fragmented |
YoY growth (%) |
5.26 |
Regional analysis |
Vietnam |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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, and New Hope Group Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Production type
- Market segments
- Comparison by Production type
- Domestic production - Market size and forecast 2021-2026
- Imports - Market size and forecast 2021-2026
- Market opportunity by Production type
Market Segmentation by Product type
- Market segments
- Comparison by Product type
- Poultry feed - Market size and forecast 2021-2026
- Cattle and buffaloes - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Product type
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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