Vietnam Cattle Feed Market – The growing demand for animal protein, coupled with increasing awareness of animal welfare, is projected to fuel the expansion of the Vietnam Market during the forecast period from 2024 to 2028.
According to TechSci Research report, “Vietnam Cattle Feed Market – By Region, Competition Forecast and Opportunities, 2018-2028,” the Vietnam Cattle Feed Market is anticipated to grow at a steady rate in the forecast period, 2024-2028. The Vietnam cattle feed market is a rapidly growing industry, driven by a combination of factors such as rising demand for animal protein, increasing industrialization of livestock production, and the need for improved feed quality and nutrition.
Vietnam is one of the fastest-growing economies in Southeast Asia, and its livestock sector has grown significantly over the past decade. The country is a major exporter of livestock products, including meat and dairy products, and has seen significant investments in feed production and processing.
The market for cattle feed in Vietnam is dominated by a few large players, with most of the feed production concentrated in the southern part of the country. The main types of feed produced in Vietnam are concentrate feed, forage, and mixed feed. Concentrate feed is the most popular type, as it contains a high concentration of nutrients and is suitable for feeding cattle in confined systems.
The Vietnam Cattle Feed Market can be segmented by animal type, by ingredients, by region and competitive landscape.
The Vietnam Cattle Feed Market can be divided into Dairy Cattle, Beef Cattle, Others, based on animal type. Dairy Cattle segment is expected to grow in the forecast period owing to the growing demand for dairy products, higher profitability, government support, increased investment in dairy feed production, and improved genetics. As the Vietnamese population becomes more affluent, there is a growing demand for dairy products such as milk, cheese, and yogurt. This has led to an increase in the number of dairy farms and the need for more dairy cattle.
Dairy cattle are generally more profitable than beef cattle because they produce milk, which can be sold for a higher price than beef. In addition, dairy cattle can be milked for several years, while beef cattle are typically sold after one or two years. With the growing demand for dairy products, there has been an increase in investment in dairy feed production in Vietnam. This has led to the development of new feed formulations and technologies that are specifically designed for dairy cattle.
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The Vietnam Cattle Feed Market is divided into Corn, Soyabean Meal, Wheat, Oilseeds, Additives, Others, based on ingredients. The Corn segment is expected to acquire the largest share in the coming years due to availability of raw materials, nutritional value, high demand, and stable prices. Corn is one of the most widely used ingredients in cattle feed production, and its demand is expected to continue to grow as the livestock industry expands in Vietnam.
This is particularly true for the dairy cattle segment, which requires a high-energy diet to maintain milk production. Corn can be used in a variety of feed formulations, from concentrate feeds to forage and mixed feeds. It can be utilized in various kinds of cattle feed. Energy-dense maize is a great source of fiber, protein, and other vital nutrients. It provides the necessary energy for cattle to grow and maintain their body weight, making it a critical component of cattle feed.
The Vietnam Cattle Feed Market is divided into Northern, Central, Southern, based on region.
Major companies operating in Vietnam Cattle Feed Market are:
- CJ Vina Agri Co., Ltd.
- C.P. Vietnam Corporation
- GreenFeed Vietnam Corporation
- Anova Feed Joint Stock Company
- Dabaco Group Joint Stock Company
- Hoang Long Livestock Production One Member Limited Liability Company
- Mavin Group Joint Stock Company
- De Heus Animal Nutrition Vietnam
- BASF Vietnam Co., Ltd.
- Cargill Vietnam
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“The Vietnam cattle feed market is a rapidly growing industry, driven by increasing demand for animal protein. The adoption of precision fermentation technology and expansion of the dairy industry are also key trends in the market. However, the high production costs, feed quality and safety issues, and limited availability of raw materials pose significant challenges to the industry.
Nevertheless, with investments in research and technology, and the development of the supply chain, the Vietnam cattle feed market presents significant growth opportunities for producers and investors.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Cattle Feed Market By Animal Type (Dairy Cattle, Beef Cattle, Others), By Ingredients (Corn, Soyabean Meal, Wheat, Oilseeds, Additives, Others), Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of Vietnam Cattle Feed Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Cattle Feed Market.
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