Vietnam
Cattle Feed Market is expected to grow steadily between 2024 and 2028, with an
impressive CAGR. This can be attributed to the growing demand for animal protein,
modernization of livestock farming, rising adoption of modern farming
techniques, increasing awareness of animal welfare and health, favorable
geographical and climate conditions, government support, availability of raw
materials, increased foreign investment.
One
of the key factors driving the growth of the cattle feed market in Vietnam is
the increasing demand for animal protein, particularly beef, dairy, and poultry
products. As the country's population grows and living standards improve, there
is a corresponding increase in the demand for high-quality livestock products.
The
adoption of modern farming techniques is helping to improve productivity and
efficiency in livestock farming, which is driving the growth of the Vietnam cattle
feed market. Technologies such as precision feeding, automatic feeders, and
sensors are being used to improve feed efficiency and reduce waste, while
genetic engineering is helping to produce livestock with desirable traits.
There
is increasing investment in the livestock production industry in Vietnam,
particularly from foreign investors. This is driving the growth of the cattle
feed market, as investors seek to capitalize on the growing demand for
high-quality livestock products.
Consumers
in Vietnam are becoming more aware of animal welfare issues and are demanding
higher welfare standards in livestock production. This is driving the adoption
of sustainable and environmentally friendly livestock production methods, which
are driving the growth of the Vietnam cattle feed market.
The
Vietnamese government has implemented policies and initiatives aimed at
supporting the development of the livestock production industry, including the
cattle feed market. These policies include subsidies for livestock farmers and
investment in research and development. Vietnam
has a favorable climate and geographic conditions for livestock production,
which makes it an ideal location for the cattle feed market. The country has a
large amount of arable land and a tropical climate, which supports the growth
of various feed crops.
The
cattle feed market in Vietnam has been experiencing significant growth in recent
years, with an increasing demand for high-quality feed to meet the nutritional
needs of the country's growing livestock industry. One of the key drivers of
this growth has been the adoption of technological advancements in the
production and formulation of cattle feed. Precision feeding is a technology
that uses data analysis to determine the precise nutritional requirements of
individual animals based on factors such as their age, weight, and activity
level. This allows feed manufacturers to produce feed that is tailored to the
specific needs of each animal, which can improve feed efficiency and reduce
waste. Quality control technologies such as infrared
spectroscopy and near-infrared reflectance analysis are being used to monitor
the quality and safety of cattle feed in Vietnam. These technologies can detect
impurities and contaminants in feed, ensuring that it meets strict safety
standards.
With
the increasing awareness of animal health, there is a growing demand for feed
that contains high-quality ingredients and meets strict safety standards. This
has led to the development of premium cattle feed products that are formulated
to promote the health and well-being of the animals.
While
the Vietnam cattle feed market is experiencing steady growth, there are also a
number of factors that are impeding its expansion. These factors are quality
control, high competition, raw material supply, lack of technological
advancements, limited distribution channels, and rising cost of production. There are concerns about the quality and safety of
some cattle feed products in Vietnam. This has led to a lack of consumer
confidence in the industry and has created challenges for feed manufacturers
who must comply with strict quality control standards. The Vietnam cattle feed
industry has been slow to adopt new technologies, particularly in the areas of
feed formulation and production. This has led to a lack of innovation and
competitiveness in the market. The cost of
production for cattle feed in Vietnam is rising due to factors such as
increasing labor costs and the rising cost of raw materials. This has led to
reduced profitability for many feed manufacturers and could impede the growth
of the market.
Growing
Demand for Animal Protein
Vietnam
is a country where the demand for animal protein is increasing rapidly as the
economy grows and living standards improve. As a result, the demand for
livestock products such as beef, dairy, and poultry is also increasing, which
is driving the growth of the cattle feed market.
Vietnam
has experienced rapid economic growth in recent years, which has led to a rise
in disposable income and living standards. As a result, the demand for animal
protein, particularly beef and dairy products, has increased significantly. As
Vietnam becomes more urbanized, the demand for meat and dairy products is also
increasing. Urban residents tend to have higher incomes and are more likely to
consume animal protein as part of their diets.
Animal
protein is an important source of nutrients such as protein, iron, and zinc,
which are essential for human health. As Vietnamese consumers become more
health-conscious, the demand for animal protein is increasing. Vietnam is also
becoming a major exporter of livestock products, particularly to China. This is
driving the growth of the cattle feed market, as Vietnamese producers seek to
meet the demand for high-quality livestock products. While the growing demand for
animal protein is driving the growth of the cattle feed market, it is also
raising concerns about the environmental impact of livestock production. As a
result, there is increasing interest in sustainable and environmentally
friendly livestock production methods in Vietnam. The growing demand for animal protein is
driving the growth of the cattle feed market in Vietnam, particularly for beef
and dairy products.
Modernization
of Livestock Farming
Modernization
of livestock farming is playing an increasingly important role in the
development of the cattle feed market in Vietnam. With the country's growing
demand for animal protein, modern livestock farming techniques are being
implemented to increase productivity and efficiency, while also improving
animal welfare and reducing environmental impacts.
Technology
is playing a key role in modernizing livestock farming in Vietnam. Farmers are
increasingly using digital tools to monitor animal health, nutrition, and
performance. This helps to optimize feed and nutrition management, reduce
waste, and improve productivity. Technologies like precision feeding, automatic
feeders, and sensors are also being used to improve feed efficiency and reduce
environmental impact.
Modernization
of livestock farming is also driving the adoption of sustainable farming practices.
This includes the use of organic and natural feed additives, as well as
environmentally friendly livestock management practices such as rotational
grazing and manure management. Sustainable farming practices not only improve
the welfare of the animals but also help to reduce the environmental impact of
livestock farming.
Modernization
of livestock farming is also improving supply chain management in the cattle
feed market in Vietnam. Using digital tools and data analysis, farmers can
track the performance of their livestock and optimize feed and nutrition
management. This helps to improve the efficiency of the supply chain and reduce
waste, while also ensuring the quality and safety of livestock products.
Rising
Adoption of Modern Farming Techniques
The
adoption of modern farming techniques is playing a significant role in driving
the growth of the cattle feed market in Vietnam. Precision feeding is a technique that
involves feeding livestock with a precise mix of nutrients based on their
individual needs. This technique helps to improve feed efficiency and reduce
waste, which ultimately leads to lower costs and improved productivity.
Precision feeding is gaining popularity among farmers in Vietnam, as they seek
to improve their profitability and meet the growing demand for high-quality
livestock products.
Sensors
are increasingly being used in livestock farming to monitor and track animal
health and behavior. These sensors can provide real-time data on factors such
as feed consumption, water intake, and activity levels, which can help farmers
to identify potential health problems and make informed decisions about feeding
and management practices. Sensors are particularly useful in large-scale
livestock operations, where it can be challenging to monitor individual
animals. The rising adoption of modern farming techniques is driving the growth
of the cattle feed market in Vietnam.
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Market
Segmentation
Vietnam Cattle
Feed Market can be segmented by animal type, by ingredients, by region and
competitive landscape. Based on animal type, the market can be divided into Dairy
Cattle, Beef Cattle, and Others. Based on ingredients, the market is divided
into Corn,
Soyabean Meal, Wheat, Oilseeds, Additives, Others.
Market Players
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 are some of the leading players operating in the Vietnam Cattle Feed
Market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
covered
|
By Animal Type
By Ingredients
By Region
|
|
Regional
scope
|
Central
Vietnam; Southern Vietnam; Northern Vietnam
|
|
Key
companies profiled
|
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
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Vietnam Cattle Feed Market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
Vietnam Cattle Feed Market, By Animal Type:
- Dairy Cattle
- Beef Cattle
- Others
Vietnam Cattle Feed Market, By Ingredients:
- Corn
- Soyabean Meal
- Wheat
- Oilseeds
- Additives
- Others
Vietnam Cattle Feed Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Vietnam Cattle Feed Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Vietnam Cattle Feed Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]