Vietnam Animal Feed Additive Market, Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: Jan 20, 2016

Key findings

 

The Vietnam animal feed additive market is projected to reach $165.7 million by 2022 and is expected to grow at a CAGR of 16.12% during the forecasted period 2015-2022. The Vietnam animal feed additive market is majorly driven by factors such as increasing meat consumption, as the meat consumption in country was 40 kg per capita in 2011 and is expected to reach to 56 kg per capita by 2020. As per the Ministry of Agriculture and Rural Development (MARD) of Vietnam, meat consumption in country is expected to grow at 2.9% by 2020, with cattle consumption witnessing 11.0% growth in terms of per capita. Additionally, MARD has established a target to increase livestock production from 30% of total agricultural output to 45% of total agricultural output by 2020, further indicating the growing prospects of meat market in the region. In addition to that factors such as growing awareness among farmers and increasing livestock share in agricultural output are also pushing the market forward.

However, among various segments antibiotics is growing at the highest CAGR of 35% during 2015-2022. Nascent domestic probiotics production coupled with animal farmer's inclination towards antibiotics as growth promoters are playing leading role in its growth. Increasing incidences of microbial diseases among farm animals is expected to drive antibiotics demand over the forecast period of 2015-2022. Funding initiatives to develop probiotics domestically is expected to challenge antibiotics consumption since most animal farmers prefer the latter owing to their easy availability and cheaper costs compared to antibiotics.

 

Market segment insight

 

The application market for animal feed additive market is segmented as follows:  pork, poultry and cattle among others such as aquafeed and goat feed. Poultry emerged as the leading application segment and accounted for over 37.4% of the overall market revenue in 2015. Shifting meat consumption pattern, that was traditionally been dependent on pork, towards white meat products such as poultry and increasing per capita poultry consumption is expected to be a major factor driving its growth over the forecast period. Apart from being the largest application segment, this trend is expected to further complement animal feed additives demand in poultry, exhibiting the application as the fastest growing over the forecast period. Animal feed additives consumption in pork is expected to witness significant growth over the forecast period on account of high pork consumption in the country. Increasing beef consumption and consequent cattle imports from Australia and India are expected to drive animal feed additives demand in cattle feed over the forecast period.

 

Competitive insight

 

The Vietnam animal feed additives market is highly dominated by overseas companies such as Cargill and BASF etc, which account for nearly 70% of the market share. Easing of FDI norms by government and subsequent advancements in trade agreements with ASEAN nations has played an instrumental role in animal feed & feed additives market in Vietnam. Huge investments by companies such as Cargill Inc. has been witnessed in the market, indicating increasing presence of overseas animal feed additives producers. Major companies operating in this industry include Cargill Inc., Dabaco Group JSC, Vedan Enterprises Co. Ltd., EZ Nutrition Way Co., BIOMIN, Hong Ha Nutrition JSC, Ajinomoto, Anova, DSM, CP Group, and Anthruc Co. Ltd etc.

 

Reasons for buying the report

 

  • This report provides a detailed study of current trends in the Vietnam animal feed additives market, key growth drivers, and restraints.
  • It provides market forecast for the next 7 years (2015-2022) assessed on the basis of market growth.
  • The report also includes analysis of recent development in the Vietnam animal feed additives market by key companies along with market share, analysis of key market players and the key winning strategy adopted and predictive analysis.
  • The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
  • The report tracks and analyse the changing market dynamics.
  • The report also talks about emerging opportunities in the market and the future impact of major drivers and restraints of the market.
  • The report also provides extensive analysis with respect to key product segments. 

1. METHODOLOGY & SCOPE 11
    1.1. RESEARCH METHODOLOGY 11
    1.2. RESEARCH SCOPE & ASSUMPTIONS 11
    1.3. LIST OF DATA SOURCES 11

 

2. EXECUTIVE SUMMARY 11
    2.1. VIETNAM ANIMAL FEED ADDITIVE MARKET – INDUSTRY SUMMARY & KEY BUYING CRITERIA 11
    2.2. VIETNAM ANIMAL FEED ADDITIVE INDUSTRY OUTLOOK 11

 

3. MARKET SEGMENTATION 11
    3.1. MARKET SIZE AND GROWTH PROSPECTS 2012-2022 11
    3.2. VIETNAM ANIMAL FEED ADDITIVE INDUSTRY VALUE CHAIN ANALYSIS 11
    3.3. VENDOR LANDSCAPE 11

 

4. GLOBAL AUTOMOTIVE SENSORS MARKET DYNAMICS 11
    4.1. MARKET DRIVER ANALYSIS 11
        4.1.1. ADVANCEMENT IN AUTOMOBILE TECHNOLOGIES 11
        4.1.2. INCREASING DEMAND OF HYBRID VEHICLES 11
        4.1.3. CHANGING CONSUMER PREFERENCES 11
        4.1.4. INCREASING VEHICLES PRODUCTION WORLDWIDE 11
    4.2. MARKET RESTRAINT ANALYSIS 11
        4.2.1. HIGH DEPENDENCY ON IMPORTS 11
        4.2.2. INCREASING COST OF OPERATIONS 11
    4.3. KEY OPPORTUNITIES PRIORITIZED 11
        4.3.1. INCREASING DEMAND FOR NATURAL FEED ADDITIVES 11

 

5. INDUSTRY ANALYSIS – PORTER’S 11
    5.1. VIETNAM ANIMAL FEED ADDITIVE INDUSTRY– PESTEL ANALYSIS 11

 

6. VIETNAM ANIMAL FEED ADDITIVE PRODUCT OUTLOOK 2012 - 2022 ($ BILLION) 11
    6.1. VIETNAM ANIMAL FEED ADDITIVES MARKET SHARE BY PRODUCT 2012-2022 11
    6.2. ANTIBIOTICS 11
        6.2.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.3. VITAMINS 12
        6.3.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.4. ANTIOXIDANTS 12
        6.4.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.5. AMINO ACIDS 12
        6.5.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.6. FEED ENZYMES 12
        6.6.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.7. FEED ACIDIFIERS 12
        6.7.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    6.8. OTHERS 12
        6.8.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12

 

7. VIETNAM ANIMAL FEED ADDITIVES APPLICATION OUTLOOK 12
    7.1. VIETNAM ANIMAL FEED ADDITIVES MARKET SHARE BY APPLICATION 2012-2022 12
    7.2. PORK 12
        7.2.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    7.3. POULTRY 12
        7.3.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    7.4. CATTLE 12
        7.4.1. MARKET ESTIMATES AND FORECAST 2012 – 2022 12
    7.5. OTHERS 12
        7.5.1. MARKET ESTIMATES AND FORECAST 2012 - 2022 12

 

8. KEY TRADE ASSOCIATIONS 12
    8.1. VIETNAM FEED ASSOCIATION 12
        8.1.1. THE GRAIN & FEED TRADE ASSOCIATION 12
        8.1.2. VIETNAM FOOD IMPORT & EXPORT ASSOCIATION 12
        8.1.3. VIETNAM LIVESTOCK ASSOCIATION 12
    8.2. TRADE CODE CLASSIFICATIONS 12
    8.3. KEY IMPORTING COMPANIES OF ANIMAL FEED ADDITIVES 12
    8.4. KEY EXPORTING COMPANIES OF ANIMAL FEED ADDITIVES BY PRODUCT 13
    8.5. ANNUAL ANIMAL FEED ADDITIVES IMPORTS BY PRODUCT 2012-2022 ($ MILLION) 13
    8.6. ANNUAL ANIMAL FEED ADDITIVES IMPORTS BY APPLICATION 2012-2022 ($ MILLION) 13
    8.7. KEY IMPORTING COUNTRIES OF ANIMAL FEED ADDITIVES 13
    8.8. ANNUAL ANIMAL FEED ADDITIVES EXPORTS BY PRODUCT 2012-2022 ($ MILLION) 13
    8.9. ANNUAL ANIMAL FEED ADDITIVES EXPORTS BY APPLICATION 2012-2022 ($ MILLION) 13
    8.10. KEY EXPORTING COUNTRIES OF ANIMAL FEED ADDITIVES 13

 

9. COMPETITIVE LANDSCAPE 13
    9.1. CARGILL INC. 13
        9.1.1. COMPANY OVERVIEW 13
        9.1.2. FINANCIAL PERFORMANCE 13
        9.1.3. PRODUCT BENCHMARKING 13
        9.1.4. STRATEGIC INITIATIVES 13
    9.2. BASF AG 13
        9.2.1. COMPANY OVERVIEW 13
        9.2.2. FINANCIAL PERFORMANCE 13
        9.2.3. PRODUCT BENCHMARKING 13
        9.2.4. STRATEGIC INITIATIVES 13
    9.3. CP GROUP 13
        9.3.1. COMPANY OVERVIEW 13
        9.3.2. FINANCIAL PERFORMANCE 13
        9.3.3. PRODUCT BENCHMARKING 13
        9.3.4. STRATEGIC INITIATIVES 13
    9.4. BIOMIN 13
         9.4.1. COMPANY OVERVIEW 13
         9.4.2. FINANCIAL PERFORMANCE 13
         9.4.3. PRODUCT BENCHMARKING 13
         9.4.4. STRATEGIC INITIATIVES 13
    9.5. DE HEUS 13
        9.5.1. COMPANY OVERVIEW 13
        9.5.2. FINANCIAL PERFORMANCE 13
        9.5.3. PRODUCT BENCHMARKING 14
        9.5.4. STRATEGIC INITIATIVES 14
    9.6. ANOVA (EWOS) 14
        9.6.1. COMPANY OVERVIEW 14
        9.6.2. FINANCIAL PERFORMANCE 14
        9.6.3. PRODUCT BENCHMARKING 14
        9.6.4. STRATEGIC INITIATIVES 14
    9.7. DABACO GROUP JSC 14
        9.7.1. COMPANY OVERVIEW 14
        9.7.2. FINANCIAL PERFORMANCE 14
        9.7.3. PRODUCT BENCHMARKING 14
        9.7.4. STRATEGIC INITIATIVES 14
    9.8. VEDAN ENTERPRISES CO. LTD 14
        9.8.1. COMPANY OVERVIEW 14
        9.8.2. FINANCIAL PERFORMANCE 14
        9.8.3. PRODUCT BENCHMARKING 14
        9.8.4. STRATEGIC INITIATIVES 14
    9.9. MAKERBOT INDUSTRIES, LLC 14
        9.9.1. COMPANY OVERVIEW 14
        9.9.2. FINANCIAL PERFORMANCE 14
        9.9.3. PRODUCT BENCHMARKING 14
        9.9.4. STRATEGIC INITIATIVES 14
    9.10. EZ NUTRITION WAY COMPANY 14
        9.10.1. COMPANY OVERVIEW 14
        9.10.2. FINANCIAL PERFORMANCE 14
        9.10.3. PRODUCT BENCHMARKING 14
        9.10.4. STRATEGIC INITIATIVES 14
    9.11. HONG HA NUTRITION JSC 14
        9.11.1. COMPANY OVERVIEW 14
        9.11.2. FINANCIAL PERFORMANCE 14
        9.11.3. PRODUCT BENCHMARKING 14
        9.11.4. STRATEGIC INITIATIVES 14
    9.12. KONINKLIJKE DSM N.V 14
        9.12.1. COMPANY OVERVIEW 14
        9.12.2. FINANCIAL PERFORMANCE 14
        9.12.3. PRODUCT BENCHMARKING 14
        9.12.4. STRATEGIC INITIATIVES 15
    9.13. NOVOZYMES A/S 15
        9.13.1. COMPANY OVERVIEW 15
        9.13.2. FINANCIAL PERFORMANCE 15
        9.13.3. PRODUCT BENCHMARKING 15
        9.13.4. STRATEGIC INITIATIVES 15
    9.14. NUTRECO N.V. 15
       9.14.1. COMPANY OVERVIEW 15
       9.14.2. FINANCIAL PERFORMANCE 15
       9.14.3. PRODUCT BENCHMARKING 15
       9.14.4. STRATEGIC INITIATIVES 15
    9.15. CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED 15
        9.15.1. COMPANY OVERVIEW 15
        9.15.2. FINANCIAL PERFORMANCE 15
        9.15.3. PRODUCT BENCHMARKING 15
        9.15.4. STRATEGIC INITIATIVES 15
    9.16. ARCHER DANIELS MIDLAND COMPANY 15
        9.16.1. COMPANY OVERVIEW 15
        9.16.2. FINANCIAL PERFORMANCE 15
        9.16.3. PRODUCT BENCHMARKING 15
        9.16.4. STRATEGIC INITIATIVES 15
    9.17. CHR. HANSEN HOLDING A/S 15
        9.17.1. COMPANY OVERVIEW 15
        9.17.2. FINANCIAL PERFORMANCE 15
        9.17.3. PRODUCT BENCHMARKING 15
        9.17.4. STRATEGIC INITIATIVES 15
    9.18. INVIVO NSA 15
        9.18.1. COMPANY OVERVIEW 15
        9.18.2. FINANCIAL PERFORMANCE 15
        9.18.3. PRODUCT BENCHMARKING 15
        9.18.4. STRATEGIC INITIATIVES 15
    9.19. AJINOMOTO 15
        9.19.1. COMPANY OVERVIEW 16
        9.19.2. FINANCIAL PERFORMANCE 16
        9.19.3. PRODUCT BENCHMARKING 16
        9.19.4. STRATEGIC INITIATIVES 16
    9.20. CHR. HANSEN HOLDING A/S 16
        9.20.1. COMPANY OVERVIEW 16
        9.20.2. FINANCIAL PERFORMANCE 16
        9.20.3. PRODUCT BENCHMARKING 16
        9.20.4. STRATEGIC INITIATIVES 16

TABLE # 1 VIETNAM ANIMAL FEED ADDITIVES MARKET - VENDOR LANDSCAPE 16
TABLE # 2 ANNUAL ANIMAL FEED ADDITIVES IMPORTS BY PRODUCT 2012-2022 ($ MILLION) 16
TABLE # 3 ANNUAL ANIMAL FEED ADDITIVES IMPORTS BY APPLICATION 2012-2022 ($ MILLION) 16
TABLE # 4 ANNUAL ANIMAL FEED ADDITIVES EXPORTS BY PRODUCT 2012-2022 ($ MILLION) 16
TABLE # 5 ANNUAL ANIMAL FEED ADDITIVES EXPORTS BY APPLICATION 2012-2022 ($ MILLION) 16
TABLE # 6 ANIMAL FEED ADDITIVES PRODUCTION BY PRODUCT 2012-2022 ($ MILLION) 16
TABLE # 7 ANIMAL FEED ADDITIVES PRODUCTION BY APPLICATION 2012-2022 ($ MILLION) 16
TABLE # 8 VIETNAM ANIMAL FEED ANTIBIOTICS MARKET REVENUE 2012-2022 ($ MILLION) 16
TABLE # 9 VIETNAM ANIMAL FEED ANTIBIOTICS MARKET REVENUE 2012 - 2022 ( $ MILLION) 16
TABLE # 10 VIETNAM ANIMAL FEED ANTIBIOTICS MARKET REVENUE 2012-2022 ($ MILLION) 16
TABLE # 11 VIETNAM ANIMAL FEED VITAMINS MARKET REVENUE 2012 - 2022 ( $ MILLION) 16
TABLE # 12 VIETNAM ANIMAL FEED ANTIOXIDANTS MARKET REVENUE 2012 - 2022 ( $ MILLION) 17
TABLE # 13 VIETNAM ANIMAL FEED AMINO ACIDS MARKET REVENUE 2012-2022 ($ MILLION) 17
TABLE # 14 VIETNAM ANIMAL FEED AMINO ACIDS MARKET REVENUE 2012 - 2022 ( $ MILLION) 17
TABLE # 15 VIETNAM ANIMAL FEED ENZYMES MARKET REVENUE 2012-2022 ($ MILLION) 17
TABLE # 16 VIETNAM ANIMAL FEED ENZYMES MARKET REVENUE, 2012- 2022 ($ MILLION) 17
TABLE # 17 VIETNAM ANIMAL FEED ACIDIFIERS MARKET REVENUE 2012-2022 ($ MILLION) 17
TABLE # 18 VIETNAM ANIMAL FEED ACIDIFIERS MARKET REVENUE 2012 - 2022 ( $ MILLION) 17
TABLE # 19 VIETNAM OTHER ANIMAL FEED ADDITIVES MARKET REVENUE 2012-2022 ($ MILLION) 17
TABLE # 20 VIETNAM OTHER ANIMAL FEED ADDITIVES MARKET REVENUE 2012 - 2022 ( $ MILLION) 17
TABLE # 21 GLOBAL VIETNAM ANIMAL FEED ADDITIVES MARKET ESTIMATES AND FORECAST FROM PORK 2012 - 2022 ( $ MILLION) 17
TABLE # 22 GLOBAL VIETNAM ANIMAL FEED ADDITIVES MARKET ESTIMATES AND FORECAST FROM POULTRY 2012 - 2022 ( $ MILLION) 17
TABLE # 23 GLOBAL VIETNAM ANIMAL FEED ADDITIVES MARKET ESTIMATES AND FORECAST FROM CATTLE 2012 - 2022 ( $ MILLION) 17
TABLE # 24 GLOBAL VIETNAM ANIMAL FEED ADDITIVES MARKET ESTIMATES AND FORECAST FROM OTHER APPLICATIONS 2012 - 2022 ( $ MILLION) 17

FIGURE # 1 VIETNAM ANIMAL FEED ADDITIVES MARKET SEGMENTATION 17
FIGURE # 2 GLOBAL ANIMAL FEED ADDITIVES MARKET REVENUE 2012 - 2022 ( $ MILLION) 17
FIGURE # 3 VIETNAM ANIMAL FEED ADDITIVES: VALUE CHAIN ANALYSIS 18
FIGURE # 4 ANIMAL FEED ADDITIVES MARKET DYNAMICS 18
FIGURE # 5 VIETNAM MEAT CONSUMPTION GROWTH RATE 18
FIGURE # 6 VIETNAM ANIMAL FEED AND FEED INGREDIENTS IMPORTS 2012 - 2022 ( $ MILLION) 18
FIGURE # 7 VIETNAM ANIMAL FEED AND FEED INGREDIENTS IMPORTS 2012 - 2022 ( $ MILLION) 18
FIGURE # 8 VIETNAM ANIMAL FEED ADDITIVES MARKET - PORTER’S ANALYSIS 18
FIGURE # 9 VIETNAM ANIMAL FEED ADDITIVES MARKET - PESTEL ANALYSIS 18
FIGURE # 10 VIETNAM ANIMAL FEED ADDITIVES COMPANY MARKET SHARE ANALYSIS 18
FIGURE # 11 VIETNAM ANIMAL FEED ADDITIVES MARKET SHARE BY PRODUCT 2012-2022 18
FIGURE # 12 VIETNAM ANIMAL FEED ANTIBIOTICS MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 13 VIETNAM ANIMAL FEED VITAMINS MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 14 VIETNAM ANIMAL FEED ANTIOXIDANTS MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 15 VIETNAM ANIMAL FEED AMINO ACIDS MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 16 VIETNAM ANIMAL FEED ENZYMES MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 17 VIETNAM ANIMAL FEED ACIDIFIERS MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 18 VIETNAM OTHER ANIMAL FEED ADDITIVES MARKET REVENUE 2012 - 2022 ( $ MILLION) 18
FIGURE # 19 VIETNAM ANIMAL FEED ADDITIVES MARKET SHARE BY APPLICATION 2012-2022 ( $ MILLION) 18

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