Report Overview

An increasing demand for animal feed in the agriculture industry due to an increase in population and rising incomes, government support for the development of the livestock and poultry industry, and increased plasma feed acceptance in pet food are expected to drive Vietnam plasma feed market during the forecast period between 2023 and 2029.

Vietnam Plasma Feed Market - Industry Trends & Forecast Report, 2029

Vietnam plasma feed market size was estimated to be worth USD 97.9 million in 2022. During the forecast period between 2023 and 2029, Vietnam plasma feed market size is projected to grow at a CAGR of 5.11% reaching a value of USD 138.21 million by 2029. Major growth factors for the Vietnam plasma feed market include expanding uses from the aquafeed industry, increased demand for plasma feed due to its advantages against antibiotics, rising need for a variety of high-protein feed ingredients, and growing pressure to use sustainable food production techniques.

Vietnam Plasma Feed Market – Overview

Plasma feed is a highly digested animal protein source used to enhance feed palatability and intestinal health. A natural source of bioactive components, spray-dried plasma powder can be used as an in-feed substitute for zinc oxide and preventive antibiotics. Plasma feed contains significant amounts of vitamin phosphorus, vitamin B12, calcium, salt, potassium, chloride, and magnesium. It has been demonstrated to outperform other protein sources, including skim milk, and is also abundant in critical amino acids.

Vietnam Plasma Feed Market

Growth Drivers

Increased Plasma Feed Acceptance in Pet Food

According to research on dogs, adding plasma to dog food improves digestion and reduces fecal output. Multiple species have employed plasma as a source of functional proteins, nucleotides, and antibodies in their feed formulae because these substances have special health advantages. Multiple species have employed plasma as a source of functional proteins, nucleotides, and antibodies in their feed formulae because these substances have special health advantages. For instance, it's been proposed that some plasma proteins' antimicrobial capabilities help the immune system. With the increasing pet ownership in Vietnam rising living standards and increasing disposable income, the demand for plasma feed in pet food will expand during the forecast period.

Restraints

High Cost of Plasma Feed Compared to Traditional Feed Ingredients

Blood plasma, a quick-digesting protein source, has long been employed to boost performance in the diets of nursery pigs. The profit margins of the pig farmer are under strain due to the ingredient's high price. However, blood plasma may be expensive, therefore many pig farmers and nutritionists have looked for a less expensive substitute. Wheat gluten is emerging as a cost-effective alternative to plasma feed that offers the same performance as blood plasma in animals. This may restrict the growth of the Vietnam plasma feed market in the coming years.

Impact of COVID-19 on the Vietnam Plasma Feed Market

The COVID-19 pandemic adversely affected the market for plasma feed in Vietnam. Vietnam managed to contain the virus' spread, but several COVID-19 hotspots, including major cities, had to be placed under lockdown. The plasma feed supply chains were a little bit hampered as a result, and the producers suffered significant losses. Additionally, the country's extremely low demand for meat during this time slowed down the demand for animal-based proteins, which had a negative impact on the growth of the Vietnam plasma feed industry.

Vietnam Plasma Feed Market

Segmental Coverage

Vietnam Plasma Feed Market – By Source

Based on source, the Vietnam plasma feed market is segregated into bovine, swine, poultry, synthetic, shark, and other segments. The bovine plasma segment accounts for the highest share in the Vietnam plasma feed market, as it is emerging as an alternative to fat in the food processing industry. The increasing use of bovine-derived plasma powder as a calf milk alternative is another factor driving the market's growth. It is anticipated that the demand for bovine plasma will be driven by its usage in animal feed. The need for premium animal feed products, which are ideal for young animals' healthy growth over the anticipated time period, is another factor driving market expansion.

Vietnam Plasma Feed Market – By Application

Based on application, the Vietnam plasma feed market is segmented into industrial and commercial. The industrial segment holds a higher market share. The demand for plasma feed is gaining huge traction in the food industry. Innovative food business technologies are becoming more popular as a result of the need to improve microbiological food safety and quality without sacrificing the foods' nutritional, functional, and sensory qualities. Plasma is a new, environmentally friendly processing technology with a wide range of possible uses that satisfies the demands of the sector.

Vietnam Plasma Feed Market – By End Use

Based on end use, the Vietnam plasma feed market is segmented into swine feed, aquafeed, pet food, and others (poultry and ruminants). The swine feed segment accounts for the highest share of the Vietnam plasma feed market. It is widely established that adding plasma to starter feed for weaned pigs can boost feed intake and pig development during the trying post-weaning phase. During gestation and lactation, the sow herd may also face heat stress or disease stress, such as PRRS, which can lower sow herd production and profitability.

Competitive Landscape

Major players operating in Vietnam plasma feed market include Thanh Nhon Corporation, Cargill Vietnam, Royal De Heus, GreenFeed Co., Ltd., The Charoen Pokphand Group, Japfa Comfeed, Proconco, East Hope Group Company, Lai Thieu Feed Mill Co., Ltd., American Feeds Vietnam, Dabaco Group, and Vissan. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Product/ Service Segmentation	Source, Application, End Use
Key Players	Thanh Nhon Corporation, Cargill Vietnam, Royal De Heus, GreenFeed Co., Ltd., The Charoen Pokphand Group, Japfa Comfeed, Proconco, East Hope Group Company, Lai Thieu Feed Mill Co., Ltd., American Feeds Vietnam, Dabaco Group, Vissan

 

 

By Source

• Bovine

• Swine

• Poultry

• Synthetic

• Shark

• Others

By Application

• Industrial

• Commercial

By End Use

• Swine Feed

• Aquafeed

• Pet Food

• Others (Poultry and Ruminants)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Plasma Feed Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing demand for animal feed in the agriculture industry due to an increase in population and rising incomes
         2. Government support for the development of the livestock and poultry industry
         3. Increased plasma feed acceptance in pet food
      2. Restraints
         1. Limited availability of raw materials for plasma feed production
         2. High cost of plasma feed compared to traditional feed ingredients
      3. Opportunities
         1. Increasing exports of plasma feed to other countries in Southeast Asia
         2. Development of new plasma feed products and formulations
      4. Challenges
         1. Stringent government regulations and strict quality control measures
         2. Lack of awareness about the benefits of plasma feed among farmers and other industry stakeholders
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Plasma Feed Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Source
         1. Bovine
         2. Swine
         3. Poultry
         4. Synthetic
         5. Shark
         6. Others
      2. By Application
         1. Industrial
         2. Commercial
      3. By End Use
         1. Swine Feed
         2. Aquafeed
         3. Pet Food
         4. Others (Poultry and Ruminants)
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Vietnam Plasma Feed Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Vietnam Plasma Feed Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Thanh Nhon Corporation
   2. Cargill Vietnam
   3. Royal De Heus
   4. GreenFeed Co., Ltd.
   5. The Charoen Pokphand Group
   6. Japfa Comfeed
   7. Proconco
   8. East Hope Group Company
   9. Lai Thieu Feed Mill Co., Ltd.
   10. American Feeds Vietnam
   11. Dabaco Group
   12. Vissan
   13. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

Figure 1       Vietnam Plasma Feed Market Segmentation           

Figure 2       Vietnam Plasma Feed Market Value Chain Analysis           

Figure 3       Company Market Share Analysis, 2022         

Figure 4       Vietnam Plasma Feed Market Size, By Value (USD Million), 2019–2029         

Figure 5       Vietnam Plasma Feed Market Share, By Source, By Value, 2019–2029          

Figure 6       Vietnam Plasma Feed Market Share, By Application, By Value, 2019–2029    

Figure 7       Vietnam Plasma Feed Market Share, By End Use, By Value, 2019–2029

 

List of Tables      

Table 1        Vietnam Plasma Feed Market Size, By Source, By Value, 2019–2029

Table 2        Vietnam Plasma Feed Market Size, By Application, By Value, 2019–2029

Table 3        Vietnam Plasma Feed Market Size, By End Use, By Value, 2019–2029

Table 4        Thanh Nhon Corporation Company Overview

Table 5        Thanh Nhon Corporation Financial Overview

Table 6        Cargill Vietnam Company Overview

Table 7        Cargill Vietnam Financial Overview

Table 8        Royal De Heus Company Overview

Table 9        Royal De Heus Financial Overview

Table 10      GreenFeed Co., Ltd. Company Overview

Table 11      GreenFeed Co., Ltd. Financial Overview

Table 12      The Charoen Pokphand Group Company Overview

Table 13      The Charoen Pokphand Group Financial Overview

Table 14      Japfa Comfeed Company Overview

Table 15      Japfa Comfeed Financial Overview

Table 16      Proconco Company Overview

Table 17      Proconco Financial Overview

Table 18      East Hope Group Company - Company Overview

Table 19      East Hope Group Company Financial Overview

Table 20      Lai Thieu Feed Mill Co., Ltd. Company Overview

Table 21      Lai Thieu Feed Mill Co., Ltd. Financial Overview

Table 22      American Feeds Vietnam Company Overview

Table 23      American Feeds Vietnam Financial Overview

Table 24      Dabaco Group Company Overview

Table 25      Dabaco Group Financial Overview

Table 26      Vissan Company Overview

Table 27      Vissan Financial Overview