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Compound Feed Market in Vietnam by Production Type and Product Type - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72219
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The compound feed market share in Vietnam is expected to increase by 10080.00 thousand units from 2021 to 2026, at a CAGR of 4.78%.

This compound feed market in Vietnam research report will help companies evaluate their business approaches. Furthermore, this report extensively covers the compound feed market in Vietnam segmentation by production type (domestic production and imports) and product type (poultry feed, cattle and buffaloes, and others). The compound feed market in Vietnam report also offers information on several market vendors, including 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. among others.

What will the Compound Feed Market Size in Vietnam be During the Forecast Period?

Compound Feed Market Size

Download the Free Report Sample to Unlock the Compound Feed Market Size in Vietnam for the Forecast Period and Other Important Statistics

 

Compound Feed Market in Vietnam: Key Drivers, Trends, and Challenges

The demand for meat and meat-based products is notably driving the compound feed market growth in Vietnam, although factors such as competition from international vendors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the compound feed industry in Vietnam. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Compound Feed Market Driver in Vietnam

One of the key factors 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.

Key Compound Feed Market Trend in Vietnam

Another key factor driving the compound feed market growth in Vietnam is the higher number of imports. According to the Ministry of Agriculture and Rural Development (MARD), the country has around 239.0 feed factories, with 61.0 owned by foreign-invested companies. Foreign investors control more than 50.0% of the market and intend to increase feed production to satisfy rising consumer demand. As a result, all of these reasons are propelling the country's compound feed business. Such factors are expected to drive the compound feed market growth in Vietnam during the same period.

Key Compound Feed Market in Vietnam Challenge

One of the key challenges 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.

This compound feed market in Vietnam analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the compound feed market in Vietnam as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the compound feed market in Vietnam during the forecast period.

Who are the Major Compound Feed Market Vendors in Vietnam?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 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.

This statistical study of the compound feed market in Vietnam encompasses successful business strategies deployed by the key vendors. The compound feed market in Vietnam is fragmented and the vendors are deploying growth strategies such as product releases and collaborations to compete in the market.

Product Insights and News

  • Alltech Inc. - The company offers compound feed product brands such as RIDLEY, Sweetlix, and Show RITE.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The compound feed market in Vietnam forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Compound Feed Market in Vietnam Value Chain Analysis

Our report provides extensive information on the value chain analysis for the compound feed market in Vietnam, which vendors can leverage to gain a competitive advantage during the forecast period. 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 global packaged foods and meats market 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.

What are the Revenue-generating Production Type Segments in the Compound Feed Market in Vietnam?

Compound Feed Market Market segmentation by region

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The compound feed market share growth in Vietnam by the domestic production segment will be significant during the forecast period. The growth is attributed to the presence of several large facilities such as Dabaco, Masan, Greenfeed, Vina, and Lai Thieu.

This report provides an accurate prediction of the contribution of all the segments to the growth of the compound feed market size in Vietnam and actionable market insights on post COVID-19 impact on each segment.

Compound Feed Market Scope in Vietnam

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 th units

Market structure

Fragmented

YoY growth (%)

5.26

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Compound Feed Market in Vietnam Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the compound feed market growth in Vietnam during the next five years
  • Precise estimation of the compound feed market size in Vietnam and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the compound feed industry in Vietnam  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of compound feed market vendors in Vietnam 

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1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01: Parent market

               2.2: Market Characteristics

                          Exhibit 02: Market Characteristics            

               2.2 Value chain analysis           

                              Exhibit 03: Value chain analysis: Packaged foods and meats

                              2.2.1 Input

                              2.2.2 Inbound logistics

                              2.2.3 Primary processing

                              2.2.4 Secondary and tertiary processing

                              2.2.5 Outbound logistics

                              2.2.6 End-customers

                              2.2.7 Innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 04: Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05: Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              3.4.1 Estimating growth rates for emerging and high-growth markets

                              3.4.2 Estimating growth rates for mature markets

                              Exhibit 06: Global - Market size and forecast 2021 - 2026 (thousand tons)

                              Exhibit 07: Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08: Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14: Market condition - Five forces 2021

5 Market Segmentation by Production type               

               5.1 Market segments

                              The segments covered in this chapter are:

  • Domestic production
  • Imports

 

                              Exhibit 15: Production type - Market share 2021-2026 (%)

               5.2 Comparison by Production type    

                              Exhibit 16: Comparison by Production type

               5.3 Domestic production - Market size and forecast 2021-2026              

                              Exhibit 17: Domestic production - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 18: Domestic production - Year-over-year growth 2021-2026 (%)

               5.4 Imports - Market size and forecast 2021-2026        

                              Exhibit 19: Imports - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 20: Imports - Year-over-year growth 2021-2026 (%)

               5.5 Market opportunity by Production type    

                              Exhibit 21: Market opportunity by Production type

6 Market Segmentation by Product type                     

               6.1 Market segments

                              The segments covered in this chapter are:

  • Poultry feed
  • Cattle and buffaloes
  • Others

 

                              Exhibit 22: Product type - Market share 2021-2026 (%)

               6.2 Comparison by Product type          

                              Exhibit 23: Comparison by Product type

               6.3 Poultry feed - Market size and forecast 2021-2026

                              Exhibit 24: Poultry feed - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 25: Poultry feed - Year-over-year growth 2021-2026 (%)

               6.4 Cattle and buffaloes - Market size and forecast 2021-2026

                              Exhibit 26: Cattle and buffaloes - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 27: Cattle and buffaloes - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 28: Cattle and buffaloes - Year-over-year growth 2021-2026 (%)

               6.5 Others - Market size and forecast 2021-2026          

                              Exhibit 29: Others - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 30: Others - Year-over-year growth 2021-2026 (%)

               6.6 Market opportunity by Product type          

                              Exhibit 31: Market opportunity by Product type

7 Customer landscape                         

               7.1 Overview

                              Exhibit 32: Customer landscape

8 Drivers, Challenges, and Trends                   

               8.1 Market drivers      

                              8.1.1 Demand for meat and meat-based products

                              8.1.2 Increasing livestock share

                              8.1.3 Increasing disposable income of the consumers

               8.2 Market challenges              

                              8.2.1 Competition from international vendors

                              8.2.2 COVID-19 led disruption

                              8.2.3 Antibiotics ban in farming

                              8.2.4 Land ownership is a major hindrance to cattle transfer from residential areas.

                              Exhibit 33: Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1 Higher number of imports

                              8.3.2 Cattle Breeding

                              8.3.3 High consumption of pig meat

9. Vendor Landscape                            

               10.1   Competitive scenario     

               10.2   Vendor landscape           

                              Exhibit 34: Vendor Landscape

               10.3   Landscape disruption     

                              Exhibit 35: Landscape disruption

               10.4   Industry risks     

                              Exhibit 36: Industry risks

11.   Vendor Analysis                             

               11.1   Vendors covered             

                              Exhibit 37: Vendors covered

               10.2 Market positioning of vendors   

                              Exhibit 38: Market positioning of vendors

               10.3 Alltech Inc.          

                              Exhibit 39: Alltech Inc. - Overview

                              Exhibit 40: Alltech Inc. - Product and service

                              Exhibit 41: Alltech Inc. - Key offerings

                              Exhibit 42: Alltech Inc. - Key customers

                              Exhibit 43: Alltech Inc. - Segment focus

               10.4 Archer Daniels Midland Co           

                              Exhibit 44: Archer Daniels Midland Co. - Overview

                              Exhibit 45: Archer Daniels Midland Co. - Business segments

                              Exhibit 46: Archer Daniels Midland Co. - Key offerings

                              Exhibit 47: Archer Daniels Midland Co. - Key customers

                              Exhibit 48: Archer Daniels Midland Co. - Segment focus

               10.5   C.P. Pokphand Co. Ltd.

               Exhibit 49: C.P. Pokphand Co. Ltd. - Overview   

               Exhibit 50: C.P. Pokphand Co. Ltd. - Business segments 

               Exhibit 51: C.P. Pokphand Co. Ltd. - Key offerings           

               Exhibit 52: C.P. Pokphand Co. Ltd. - Key customers         

               Exhibit 53: C.P. Pokphand Co. Ltd. - Segment focus        

               10.6 Cargill Inc.           

                              Exhibit 54: Cargill Inc. - Overview

                              Exhibit 55: Cargill Inc. - Product and service

                              Exhibit 56: Cargill Inc. - Key offerings

                              Exhibit 57: Cargill Inc. - Key customers

                              Exhibit 58: Cargill Inc. - Segment focus

               10.7 De Heus Voeders BV       

                              Exhibit 59: De Heus Voeders BV - Overview

                              Exhibit 60: De Heus Voeders BV - Product and service

                              Exhibit 61: De Heus Voeders BV - Key offerings

                              Exhibit 62: De Heus Voeders BV - Key customers

                              Exhibit 63: De Heus Voeders BV - Segment focus

               10.8 Emivest Feedmill Vietnam Co. Ltd.            

                              Exhibit 64: Emivest Feedmill Vietnam Co. Ltd. - Overview

                              Exhibit 65: Emivest Feedmill Vietnam Co. Ltd. - Product and service

                              Exhibit 66: Emivest Feedmill Vietnam Co. Ltd. - Key offerings

                              Exhibit 67: Emivest Feedmill Vietnam Co. Ltd. - Key customers

                              Exhibit 68: Emivest Feedmill Vietnam Co. Ltd. - Segment focus

               10.9 GreenFeed Vietnam Crop.            

                              Exhibit 69: GreenFeed Vietnam Crop. - Overview

                              Exhibit 70: GreenFeed Vietnam Crop. - Product and service

                              Exhibit 71: GreenFeed Vietnam Crop. - Key offerings

                              Exhibit 72: GreenFeed Vietnam Crop. - Key customers

                              Exhibit 73: GreenFeed Vietnam Crop. - Segment focus

               10.10 Lai Thieu Feed Mill Co. Ltd.        

                              Exhibit 74: Lai Thieu Feed Mill Co. Ltd. - Overview

                              Exhibit 75: Lai Thieu Feed Mill Co. Ltd. - Product and service

                              Exhibit 76: Lai Thieu Feed Mill Co. Ltd. - Key offerings

                              Exhibit 77: Lai Thieu Feed Mill Co. Ltd. - Key customers

                              Exhibit 78: Lai Thieu Feed Mill Co. Ltd. - Segment focus

               10.11 Mavin Group    

                              Exhibit 79: Mavin Group - Overview

                              Exhibit 80: Mavin Group - Product and service

                              Exhibit 81: Mavin Group - Key offerings

                              Exhibit 82: Mavin Group - Key customers

                              Exhibit 83: Mavin Group - Segment focus

               10.12 New Hope Group Co. Ltd.           

                              Exhibit 84: New Hope Group Co. Ltd. - Overview

                              Exhibit 85: New Hope Group Co. Ltd. - Product and service

                              Exhibit 86: New Hope Group Co. Ltd. - Key offerings

                              Exhibit 87: New Hope Group Co. Ltd. - Key customers

                              Exhibit 88: New Hope Group Co. Ltd. - Segment focus

12. Appendix                           

               12.1 Scope of the report         

                              12.1.1 ????Market definition

                              12.1.2 ????Objectives

                              12.1.3 ????Notes and caveats

               12.2 Currency conversion rates for US$            

                              Exhibit 89: ?Currency conversion rates for US$?

               12.3 Research Methodology   

                              Exhibit 90: ?Research Methodology

                              Exhibit 91: ??Validation techniques employed for market sizing?

                              Exhibit 92: ??Information sources

               12.4 List of abbreviations        

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Compound Feed market growth will increase by $10080.00 thousand tons during 2021-2026.
The compound feed market is expected to grow at a CAGR of 4.78% during 2021-2026.
Technavio has segmented the compound feed market by other1 (Domestic production and Imports) ,other2 (Poultry feed, Cattle and buffaloes, and Others) , and geographic (Algeria).
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. are a few of the key vendors in the compound feed market.
Algeria will register the highest growth rate of NaN% among the other regions. Therefore, the compound feed market in Algeria is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the compound feed market growth are:
  • Demand for meat and meat-based products
The compound feed market vendors should focus on grabbing business opportunities from the domestic production segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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