Vietnam Animal Feed Additives Market is anticipated to rise at a staggering CAGR during the forecast period. The shift in trend to consume poultry and cattle meat is gaining a high traction in Vietnam. In the past consumers largely depended on pork meat for nutritional needs. Rise in per capita income and modern methods of cattle rearing is likely to uplift the market conditions.

 

Rise in funding and research & development help in driving the production thereby adding sustainability in the regional market. Vietnam’s total market share in APAC is much higher as compared to India and China. In the recent years imports for animal feed have increased, which is normally routed through neighbouring countries.

 

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Vietnam animal feed additives market is driven by rise in per capita meat consumption and significant growth in the last few years. Rising requirements for meat and meat products is likely to propel the market growth during the forecast period. Significant opportunities in the meat export is likely to propel the market scenario during the forecast period. Flexibility in trade agreements and regulatory policies have standardized feed additives quality aligned with U.N standards. Development of feeding applications for animal feeds is gaining a higher traction during the forecast period. 

 

Product segmentation for Vietnam animal feed additives market entails vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and antibiotics. By application, the market segmentation comprises cattle, poultry and pork. Poultry and pork segments account for a higher CAGR for the estimated period. Commercial animal feed additives market comprise fodder and forage.

 

The key players profiled in the Vietnam animal feed additives industry report are Vedan Enterprises Co Ltd, EZ Nutrition Way Co, Hong Ha Nutrition JSC, Ajinomoto, BCargillInc, BASF SE, Anova, CP Group, Anthruc Co Ltd and DSM.

 

Market Segment:

Vietnam Animal Feed Additives Product Outlook (Revenue, USD Million, 2012 - 2022)
    • Antibiotics
    • Vitamins
    • Antioxidants
    • Amino Acids
    • Feed Enzymes
    • Feed Acidifiers
    • Others

 

Vietnam Animal Feed Additives Application Outlook (Revenue, USD Million, 2012 - 2022)
    • Pork/Swine
    • Poultry
    • Cattle
    • Others

 

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Animal Feed Market Overview The animal feed industry is gradually evolving, and the animal feed manufacturers are increasingly using sophisticated and best global practices. Market Research future has revealed high growth prospects for the global Animal Feed Market Growth which is expected to grow at a considerable CAGR over the next couple of years. The animal feed industry has been expanding on account of increasing need to meet the food demands of the booming population. The growth in the animal feed demand has been spurred by an increase in demand for food of animal origin, including meat, egg, fish, and milk. This considerable increase in demand for animal origin products is likely to prevail over the foreseeable future owing to the globalization of trade in such products. The substantial growth in the market has been supported by the consolidation of feed mills across the world. The animal feed market has been further developing due to high demand for quality food products. Standard animal feed is essential to ensure food safety, reduce production costs, and enhance animal health. Higher focus on animal welfare and animal health is another major factor driving the growth of the animal feed market. High investment in R&D activities by key players to improve feed production, feed technology, and animal nutrition also boosts the growth of the market. Infographic of This Report @ https://www.marketresearchfuture.com/infographics/animal-feed-market Segmentation The global animal feed market has been segmented based on source, function, and application. By source, the market has been segmented into vegetables, grains and pulses, oilseeds, and others. By function, the market has been segmented into carbohydrate, protein, minerals, fat, and others. By application, the market has been segmented into cattle, swine, aquatic culture, and others. Regional Analysis North America stores ample opportunities for the growth of the animal feed market. The US is one of the top producers of animal feed in the world. Europe market for animal feed is strong and has been supported by smaller producing countries in the region. Asia Pacific market is led by China, which is one of the most prominent producers of animal feed in the world. Improving economy and presence of various farming nations in the region drives the growth of the Asia Pacific market. Access Report @ https://www.marketresearchfuture.com/reports/animal-feed-market-1611 Competitive Landscape The prominent players operating in the global animal feed market include Cargill Inc, Evonik Industries AG, Novozymes A/S, BASF SE, ., Nutreco N.V., Archer Daniels Midland Company, Adisseo France SAS, Charoen Pokphand Foods Public Company Limited, Alltech, Inc., and Chr. Hansen Holding A/S. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Global Market Insights, Inc. has launched a report on Animal Feed Organic Trace Minerals Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Growing of dairy and meat products demand to suffice the dietary needs of the increasing population will propel the animal feed organic trace minerals market from 2018 to 2024. As of 2017, global meat production was over 260 million tons, with considerable consumption share centered in South and eastern part of the Asia Pacific. Requirement to provide livestock with healthy diet and improve the quality of the produce is expected to remain the chief factor fueling the industry growth.

Enhanced bioavailability along with improved gut absorption are among the key factors fueling the animal feed organic trace minerals business growth. As per analysis, organic trace minerals are almost twice bioavailable than inorganic variant. The other key benefits of organic trace minerals include disease prevention, improved food absorption rate, weight gain, and reduced fatigue. Lack of essential nutrients in processed fodders coupled with increasing incidence of side effects to cattle caused by meat consumption of toxic chemicals is impacting the consumer preferences.

Growing animal feed industry along with increasing efforts to produce healthy livestock is propelling the market growth. Europe and Asia pacific are among the fastest growing animal feed markets. Significant buyer paradigm shift towards natural fodder preferences coupled with healthy diet will provide new growth opportunities over the next few years.

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Europe accounted for more than 25% of the overall animal feed organic trace demand in 2017. Increasing forage additive consumption, such as vitamins, enzymes, minerals, and carotenoids owing to the rising deficiency among the livestock will proliferate the regional industry growth. Significant expansion in the presence of manufacturing facilities for meat and pork products, particularly in France and UK will provide positive scope for the animal feed organic trace mineral market expansion across the region. 

Asia Pacific is anticipated to surpass 100 kilotons demand by 2024. The region is among the largest meat producer, accounting for more than 40% of the meat production.  China is estimated to be the largest producer and consumer of pork, holding 49% of the global pork production in 2016.  As per OECD global meat consumption trends, China registered for over 30 kilograms per capita meat usage in 2017. Japan is witnessed to be the largest importing country for pork meat, followed by China, Mexico, South Korea, and the U.S. 

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Global animal feed organic trace minerals market share is highly consolidated owing to the presence of few dominating companies including Phibro Animal Health Corp, Novus International, and Alltech Inc. The other key industry participants include Zinpro, Royal DSM, Cargill, Archer Daniels Midland, Pancosma, Ridley, Kemin Industries, QualiTech, Tanke Biosciences, Mercer Milling, U.S. Rare Earth Minerals, Vamso Biotec, Biochem Lohne Germany and Nutreco.

Mergers & acquisitions, collaborations, supply chain agreements, and product enhancements are the crucial strategies adopted by these industry players. The manufacturers are involved in the supply agreements with the several end-use industries. For instance, in April 2018, Kemin Industries acquired Unique Beta-Glucan Technology developed by Algal Scientific. Other notable players include.

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