Vietnam Feed Concentrate and Basemix Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Vietnam Feed Concentrate and Base Mix Industry Overview

In the Vietnamese feed concentrate and base mix market, companies are investing heavily to develop new products, and collaborating and acquiring other companies. This factor is expected to increase their market shares and strengthen the R&D activities. Companies, like Cargill Inc., Nutreco, and Mixscience, are the major players in the Vietnamese feed concentrate and base mix market. The animal feed industry of Vietnam, despite being among world’s fastest-growing ones, in terms of scale and output, is dominated by foreign firms, while local producers are struggling to compete. As a result, no firm is able to dominate the local animal feed market. CP Vietnam is Vietnam’s biggest animal feed producer. It has roughly a share of 15%-20% of the market. However, when it comes to feed concentrate and base mix, its share is even less.