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Vietnam's animal feed market
Update news Vietnam's animal feed market
China emerges as largest importer of Vietnamese animal feed and raw materials
China has become the largest consumer of animal feed and raw materials from the nation, accounting for 40.7% of the country’s total export turnover of animal feed and raw materials, heard a conference held on August 14 in Hanoi.
Feed firms display sourcing initiative
A new strategy to develop the animal feed processing industry towards 2030 is expected to enhance food quality and safety, lower product prices, and reduce the country’s proportion of imported animal feed.
More domestic raw materials needed to strengthen animal feed production in VN
The scale of Vietnam's livestock industry has multiplied in recent years, however, the animal feed market remains significantly dependent on imported raw materials.
Full feed supply
Foreign investors hold a sizeable share of Vietnam's animal feed market and are investing further to see supply meet demand.
Throwing down the gauntlet
Foreign players hold two-thirds of Vietnam's animal feed market and while they continue to expand their investments to meet growing demand the local competition isn't just sitting still.
