Vietnamese Feed Market to Register 5.6% CAGR Through 2021, According to Report Available at MarketPublishers.com

London, United Kingdom, October 03, 2016 --(PR.com)-- This year, the value of the feed market in Vietnam stands at around USD 7.25 billion. It is anticipated to register growth at a 5.6% CAGR between 2016 and 2021, and by 2021 will likely cross USD 9.5 billion.

The Vietnamese feed market growth is expected to be spurred by rising meat consumption, enhancing awareness of the balanced feed importance and strong demand for quality meat in the country, among other favourable factors. The positive growth rate is also supported by continued technological advancements, customized product offerings and expanding R&D activities for natural ingredients.

The Vietnamese government has taken a number of positive initiatives aimed at promotion of foreign companies to set up their production facilities in order to provide more localized feed products and services to improve animal health.

Strong demand for feed ingredients and also limited production capacity in the Northern part of Vietnam open lucrative opportunities for feed manufacturers.

Detailed information on the Vietnamese feed market is offered in cutting-edge research report “Vietnam Feed Market - Trends & Forecast to 2021- By Ingredient, Livestock – Trends & Forecast to 2021” worked out by MicroMarketMonitor and recently added at MarketPublishers.com. This report is available at https://marketpublishers.com/report/industry/other_industries/vietnam-feed-market-trends-forecast-to-2021-by-ingredient.html