Vietnam Animal Feed Market to Reach $10.55 Billion By 2022: Grand View Research, Inc.

Increasing investments particularly in R&D are expected to drive production sustainability over the forecast period. Even though domestic production is expected to rise, the market faces challenges in the form of imports. Most of the animal feed consumed in Vietnam is sourced through imports from neighboring ASEAN nations.

Browsefull research report with TOC on"Vietnam Animal Feed Market Analysis, By Product (Fodder And Forage), By Livestock (Poultry, Cattle, Pork, Aquaculture) And Segment Forecasts To 2022"at:http://www.grandviewresearch.com/industry-analysis/vietnam-animal-feed-market                                                

Fodder was the leading product segment and accounted for over 85% of the total volume in 2014. Industrialization of livestock breeding has led to significant change in animal feed patterns, which were predominantly based on grazing and plant feed in pastoral regions. This factor is expected to drive fodder growth over the forecast period. Fodder is also expected to witness the highest gain in its market size over the forecast period.

Further key findings from the report suggest: 

Grand View Research has segmented the Vietnam animal feed market on the basis of product and livestock:

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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