Vietnam Animal Feed Additives Industry Analysis and Professional Survey 2019-2022

Increasing per capita meat consumption is expected to be major factor driving Vietnam animal feed additives market over the next seven years. Vietnam animal feed additives market is expected to reach USD 160.5 million by 2022, according to a new study by Grand View Research, Inc.

With increasing meat consumption, domestic market for animal feed has been experiencing significant growth since the last few years. Increasing requirements for high quality feed from animal farmers is expected to drive demand for feed additives such as feed enzymes, feed acidifiers, amino acids and antioxidants.

Antibiotics emerged as the leading product segment and accounted for over 36% of the total market revenue in 2014. Nascent domestic probiotics production coupled with animal farmer’s inclination towards antibiotics as growth promoters has been instrumental in its growth.

Increasing incidences of microbial diseases among farm animals is expected to drive antibiotics demand over the forecast period. 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.

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Feed acidifiers are expected to be the fastest growing product segment over the next seven years on account of their increasing consumption in poultry feed. Shift in meat consumption from pork to poultry is expected to further drive poultry feed demand, thus further complementing feed acidifiers growth.

Market Segmentation of Vietnam Animal Feed Additives Market:

The Vietnam Animal Feed Additives Market segmented on the basis of Product and Application.

By Product:

Antibiotics

Vitamins

Antioxidants

Amino Acids

Feed Enzymes

Feed Acidifiers

By Application:

Pork/Swine

Poultry

Cattle

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