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Vietnam Aquaculture Feed Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4622431
  • Report
  • Region: Vietnam
  • 86 pages
  • Mordor Intelligence
UP TO OFF
until Jul 01st 2019
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FEATURED COMPANIES

  • Aller Aqua
  • Altech Inc.
  • Anvet Pharma
  • BASF SE
  • Biomin GmbH
  • Cargill Inc.
  • MORE
Market Overview

The Vietnam Aquaculture Feed market was valued at USD 2.61 billion in 2018 and is projected to reach USD 3.67 billion with a CAGR of 5.9% during the forecast period (2019-2024). The drivers identified in the market are an increase in export demand for aquaculture products, steady change in diet preferences and increasing fish consumption. The restraints identified in the market are environmental concerns on water quality and lack of cost-effective feeds and feeding strategies.

Scope of the Report

Aquafeed is a mixture of raw materials, additives and other supplements, sourced from either natural or synthetic sources and are fed to farmed fish. Soybean meal, fishmeal, fish oil and carp are the most commonly-used raw materials. Aquafeed is commonly available in the form of pellets, which contain vital ingredients for fish, administered externally. These pellets vary in size, depending on the species that has to be fed. In addition, properties of these feeds can be altered to make them float on the water surface or sink to the bottom of the tanks, where fish are reared. Furthermore, the content of various nutrients in the feed can be controlled, and this resulted in the growth and rise in popularity of the aquafeed industry over the past few years. They are made for aquatic species, such as fish, crustaceans and molluscs.

Key Market Trends

Increase in Export Demand is driving the market

The growing demand for aquaculture products has a direct implication on the production of high yield aqua feed. Intensive aquaculture depends on commercially manufactured aqua feed, though most of the inland farmers in the country rely on farm-made feed. As a member of ASEAN, Vietnam involved in several bilateral and free trade agreements, which created a huge demand for Vietnamese aqua feed in major economies such as the US, North America, China, and India.Usually, all the good quality feed is exported to major markets and crop residues such as leaves, grasses, corn, cassava, fish trash are used as their internal feed ingredients, which in turn affect the pond ecosystem. To reduce the environmental impact government focused on introducing Nutritious System feeding concept which not only feeds the farm creatures but also improves the overall ecosystem of it.

Vietnam Aquaculture Feed Market is segmented by Feed Type into Fish Feed

The aquafeed market has seen hike in its growth rate over the last two decades. The aquafeed industry is growing majorly because of the increasing consumer inclination toward seafood throughout Vietnam, and also the increasing aquaculture activities. The fish farming industry is shifting gradually from extensive farming to the feed-dependent intensive or semi-intensive farming system. Aquaculture depends on farm-made feed or costly commercial aquafeed.One of the main restraints for this market is increasing cost of feed ingredients and raw materials.

Competitive Landscape

In Vietnam's aquaculture feed market, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market share. The market is consolidated in nature with the major players holding more than 60% share of the aquaculture feed market.

As part of this package, any purchases made up to 30th June will receive the following:

1) Free update of the report in 6 months on request 

2) Free Market Estimate sheet excel data sheet
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Aller Aqua
  • Altech Inc.
  • Anvet Pharma
  • BASF SE
  • Biomin GmbH
  • Cargill Inc.
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Feed Type
5.1.1 Fish Feed
5.1.1.1 Carp Feed
5.1.1.2 Salmon Feed
5.1.1.3 Tilapia Feed
5.1.1.4 Catfish Feed
5.1.1.5 Others
5.1.2 Molluscs Feed
5.1.3 Crustaceans Feed
5.1.3.1 Shrimp Feed
5.1.3.2 Other Crustacean Feed
5.1.4 Other Aqua Feed

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Market Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Archer Daniels Midland Co.
6.3.2 Cargill Inc.
6.3.3 Nutreco NV
6.3.4 BASF SE
6.3.5 Biomin GmbH
6.3.6 INVE Aquaculture Inc.
6.3.7 Skretting
6.3.8 Aller Aqua
6.3.9 De Heus LLC
6.3.10 Altech Inc.
6.3.11 Anvet Pharma

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Nutreco NV
  • BASF SE
  • Biomin GmbH
  • INVE Aquaculture Inc.
  • Skretting
  • Aller Aqua
  • De Heus LLC
  • Altech Inc.
  • Anvet Pharma
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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