MARKET AND ISSUES

The Vietnamese feed market is estimated to be USD 7.25 billion in 2016, and is projected to reach USD 9.52 billion by 2021. Factors such as increasing meat consumption, mass production of meat, rising demand for quality meat and awareness among farmers about the importance of balanced feed are drivers that stimulate the feed market in Vietnam.

The positive growth rate of the market has been enhanced by the research & development for natural ingredients, customized product offerings, and technological advancements. The government of Vietnam has taken strong initiatives such as promoting foreign companies to set up their plants to provide more localized feed products & services to improve animal health.