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Global Industry Hub. (Aug, 2024). Vietnam Animal Feed Additives Market Share & Forecast, 2024 - 2030 Global Industry Hub. Retrieved
Report ID: GIH 1011 | Aug 2024 | Format:
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Global Industry Hub. (Aug, 2024). Vietnam Animal Feed Additives Market Share & Forecast, 2024 - 2030 Global Industry Hub. Retrieved
Vietnam Animal Feed Additives Market size was valued at US$ 750.9 Mn in 2023, registering a CAGR of 3.8% during the forecast period (2024-2030), and the market is projected to be worth US$ 917.8 Mn by 2030.
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Market Updates, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprint by Global Industry Hub.
Vietnam Animal Feed Additives Market Scope:
Report Coverage | Details |
---|---|
Base Year | 2023 |
Base Year Value | US$ 750.9 Mn |
Forecast Value | US$ 917.8 Mn |
CAGR | CAGR of 3.8% |
Forecast Period | 2024-2030 |
Historical Data | 2019-2022 |
Largest Market | North America |
Fastest Growing Market | Europe |
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The Vietnam Animal Feed Additives market is divided based on product, end user, application, and region. Each category has various sub-segments, and current trends in each segment help producers target specific customers effectively.
Important Features of the Report:
Reasons for buying this report:
Product Outlook
Antibiotics
Vitamins
Antioxidants
Amino Acids
Feed Enzymes
Feed Acidifiers
Others
Livestock Outlook
Pork/Swine
Poultry
Cattle
Aquaculture
Others
Key players in the industry are adopting growth strategies like partnerships, collaborations, mergers and acquisitions, and awareness programs to strengthen their market presence. The report also lists industry players for end users, facilitating communication between manufacturers and consumers.
In November 2023, Entobel, a manufacturer of insect protein, inaugurated the largest new black soldier fly (BSF) manufacturing facility in Asia. The production facility will have a production capacity of 10,000 metric tons of insect protein.
In September 2023, Cricketone Asia, a Vietnamese firm dealing in edible insects, opened a cricket processing plant in Binh Phuoc near Saigon City. The facility will process 1,000 metric tons per year for now, increasing the capacity eventually to 10,000 tons till the year 2028.
In June 2023, Adisseo announced the acquisition of Nor-Feed Group along with its Vietnamese subsidiary Nor-Feed Vietnam. The acquisition is expected to help Adisseo expand into the specialty ingredients segment of animal nutrition around the world and specifically in the Vietnamese market.
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31 Aug 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable