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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Market Overview

The Global Cattle Feed Market estimated to be valued at USD 68.4 billion in 2019 and is expected to register 2.6% CAGR during the forecast period, 2019 to 2024.Cattle feed is the dietary source of nutrients such as minerals for adult, growing, milk producing, and pregnant cattle. According to a detailed report offered by Market Research Future (MRFR), the global cattle feed market is likely to reach a significant market valuation at a substantial CAGR over the forecast period of 2017 to 2022.

The global Cattle Feed Market Trends is likely to be driven by factors such as the growing demand for milk products in developing nations, especially from the Asia Pacific region, since good quality cattle feed helps to improve the optimal level of milk production, demand for milk products from the food and beverages industry in the beverage and bakery sector, which in turn positively influences the demand for cattle feed. Additionally, the growing awareness of organic livestock farming, along with the increasing demand for high protein food products, is expected to contribute to market growth during the forecast period. 

Segmental Analysis

The global cattle feed market has been segmented based on the feed ingredients, application, additives, and region. Based on feed ingredients, the market has been segmented into corn, soybean meal, wheat, oilseeds, and others. Among these, the corn segment is accounted for the highest market share during the forecast period.

Based on application, the market has been segmented into beef, calf, dairy, swine, and others. Among these, the dairy segment is assessed to witness the highest market share during the forecast period.

Key Players

The key market players recognized in the global cattle feed market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Land O’lakes Inc. (U.S.), BASF SE (Germany), Charoen Pokphand Group (Thailand), Nutreco N.V. (Netherlands), Royal DSM N.V. (Netherlands).

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Regional Analysis

The global Cattle Feed market is segmented into North America, Europe, Asia Pacific, and the rest of the world.  North America is assessed to sustain its dominant market standing through the forecast period, owing to the established cattle feed, and dairy market, presence of significant market players in the region, the technological advancement in the cattle feed market and the awareness regarding the new product development among consumers is driving the market growth of cattle feed. Europe region is estimated to witness significant market growth over the forecast period, owing to the established dairy market, the constant demand for dairy products as a raw material in the food and beverage industry. 

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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.

Market Overview

The Global Feed Flavors & Sweeteners Market is expected to garner a revenue of USD 1.5 billion by 2024 with a CAGR of 3.1% during the forecast period of 2019 to 2024 Feed flavors and sweeteners market are observing an exponential growth based on its increasing usage in the feed industry. Feed flavors and sweeteners are either naturally derived or synthetic additives used to enhance the taste, smell, and texture of feed. 

The Global Feed Flavors and Sweeteners Type Market are projected to propel by increasing awareness regarding available benefits to livestock animals from the feed flavors and sweeteners. Additionally, the feed flavors and sweeteners market are growing due to increasing meat & meat products consumption. Increased demand for feed flavors and sweeteners among the livestock holders is further pushing the market growth in a positive direction. 

Furthermore, advance processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the market. However, the high cost of processing techniques and raw materials may hamper the feed flavors and sweeteners market over the review period. The market players are responding to these new opportunities by expanding their product line, which has boosted the share of the feed flavors and sweeteners in the global market.

Downstream analysis

The global feed flavors and sweeteners market are segmented into type, form, and livestock.

Based on the type, it is segmented into feed flavors - thaumatin, aniseed, citrus, milky vanilla, red fruits, and others; feed sweeteners - glycyrrhicine, saccharine, thaumatin, and others. Among both, the feed flavors segment is dominating the market.

Based on the livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry segment is dominating the market.

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Competitive analysis

The major players in the feed flavors and sweeteners market

• Kerry Group Plc. (Ireland)
• Prinova Group LLC (U.S.)
• Kemin Industries, Inc. (U.S.)
• Solvay SA (Belgium)
• Norel S.A. (Spain)
• Pancosma SA (Switzerland)
• Biomin Holding GmbH (Austria)
• Alltech, Inc. (U.S.)

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Regional Analysis

The global feed flavors and sweeteners market are segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the feed flavors and sweeteners market followed by North America owing to rising population followed by increasing consumption of poultry and meat products in the developing regions. Moreover, increased demand for feed additives such as flavors & sweeteners among the livestock holders is driving the market growth of feed flavors and sweeteners in the Asia Pacific region.

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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.

Feed Enzymes Market Scenario:

The Global Feed Enzymes Market is projected to propel by increasing awareness regarding available health benefits to farm animals from the feed enzymes. Increased awareness about the feed enzymes has raised the bar of feed quality, which, in turn, has increased the share of global feed enzyme market.

Increasing demand for animal feed products with high protein content is driving the growth of the Feed Enzymes Type Industry. Furthermore, advance processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the market. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of feed enzymes in the global market.

Feed Enzymes are either plant-derived or chemical ingredients used to boost the quality of the animal nutrition as well as nutritional properties of the animal fodder. The feed enzyme helps to stimulate and secrete digestive enzymes, which, in turn, boost an immune response. Additionally, feed enzymes market is observing an exponential growth based on its high usage in the feed industry. Rising health concerns is one of the major factors contributing to the growth of the global feed enzymes market.

Key Players

Some of the key players profiled in the feed enzymes market: BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K), Koninklijke DSM N.V. (the Netherlands), Behn Meyer Holding AG (Germany), Adisseo France SAS (France), Azelis Holding S.A. (Belgium), Novus International, Inc. (U.S.), Rossari Biotech Ltd. (India), and Alltech, Inc. (U.S.)

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Regional Analysis:

The Global Feed Enzymes Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the feed enzymes market followed by the Asia Pacific owing to rising population followed by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed enzymes in the Asia Pacific region.

Key players in the feed enzymes market are largely located in North America and Europe. Key players following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand for feed enzymes in the animal feed industry.

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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.