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Vietnam animal feed additives market was USD 112.4 million in 2014 is expected to reach USD 160.5
million by 2022, growing at a CAGR of 4.7% from 2015 to 2022.
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.
Poultry was the largest application market and accounted for over 38% of the total market revenue in
2014. Increasing per capita poultry consumption is expected to be a major factor driving its growth over
the forecast period. Apart from being the largest application segment, poultry is also projected to be the
fastest growing application segment in the nation.
Vietnam animal feed additives market is highly dependent on imports. Animal feed additives imports
accounted for more than 77% of the overall consumption in 2012. Antibiotics were the leading product
imported followed by amino acids.
Vietnam animal feed additive exports grew by 12% from 2012 to 2014, primarily driven by growing
domestic production that can be attributable to government initiatives to promote investment in
domestic animal feed & feed additives market.
Vietnam animal feed additives market is largely dominated by overseas producers who currently
account for more than 70% of the total market. Easing of FDI norms to promote foreign capital has been
a major factor for increasing presence of multinational companies in the regional market.
For the purpose of this study, Grand View Research has segmented the Vietnam animal feed additives
market on the basis of product and application:
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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