Any material processed, semi-processed, or raw that is meant to be consumed by poultry, livestock, or aquatic animals in order to satisfy their nutritional needs is referred to as animal feed. Roughages, concentrates, silage, grains, oilseed meals, vitamins, minerals, and feed additives are just a few of the many different kinds of feed that are included. For animals to grow, reproduce, stay healthy, and be productive, the feed must be properly prepared. It has a significant impact on the amount and quality of animal-derived goods, such as meat, milk, and eggs, making it a vital link in the food supply chain. Global agricultural and food security systems are supported by the animal feed business.

According to SPER market research, ‘Vietnam Animal Feed Market Size - By Product, By Livestock - Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Vietnam Animal Feed Market is predicted to reach 2.79 billion by 2034 with a CAGR of 3.85%.

Drivers:

The animal feed sector in Vietnam is growing quickly as a result of several significant causes.   First, the demand for animal protein, such as meat, dairy, and eggs, is rising due to rising incomes, urbanisation, and population expansion. The demand for high-quality, nutrient-rich feed has increased as a result of the modernisation of livestock farming through advanced techniques like automated systems, genetic improvements, and precision nutrition. Lastly, farmers are starting to care more about the health and well-being of their animals. This shift has led to a rise in the usage of specific feed additives and supplements to improve the immunity, performance, and overall health of cattle.

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Restraints:

There are several significant challenges facing the animal feed sector in Vietnam. One major problem is the country's high reliance on imported raw materials, such as maize and soybeans, which makes it susceptible to supply chain disruptions and changes in world pricing, especially during times of economic or geopolitical crisis. Due to a number of domestic and international competitors cutting prices and profit margins, the market is likewise quite competitive. Effective distribution and prompt market access are further hampered by inadequate infrastructure, particularly in remote and rural locations. These logistical and operational challenges reduce market efficiency and may restrict the growth of manufacturers and feed suppliers.

The southern region of Vietnam currently controls the majority of the country's animal feed market. Due to the extensive and fertile soils in this area, the agricultural sector thrives and provides a solid foundation for the animal feed industry. The region's perfect weather, which includes lots of rainfall and a warm climate, further supports feed production. Some of the key market players are C.P. Group, Cargill Vietnam, Dabaco Group, De Heus Vietnam, Emivest Feedmill Vietnam Co. Ltd and others.

For More Information, refer to below link: –   

Vietnam Animal Feed Market Demand

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