Nottingham, United Kingdom, June 02, 2016 –(PR.com)– In a recently published information, the Vietnam Animal Feed Additive Market is expected to grow at the CAGR of 16.12% during 2015-2022 and it estimated to be $165.7 million by 2022. The Vietnam Animal Feed Additive Market is segmented on the basis of by product and by application. The information on Vietnam Animal Feed Additive Market Forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The Vietnam animal feed additive market is expected to grow exponentially due to increasing meat consumption in country. The increasing demand for poultry products in country and increasing awareness among farmers are the major driver for the Vietnam animal feed additive market.
The Vietnam animal feed additive exports has been growing at a rate of 13.2% from 2012 to 2014, primarily driven by growing domestic production that can be attributable to various government initiatives to promote investment in domestic animal feed & feed additives market.
The Vietnam animal feed additives market is largely dominated by multinational companies who currently account for nearly 70% of the total market. Easing of FDI norms to promote foreign capital has been a major factor for increasing presence of multinational companies in the regional market.
The major players profiled in the information include Cargill Inc., Dabaco Group JSC, Vedan Enterprises Co. Ltd., EZ Nutrition Way Co., BIOMIN, Hong Ha Nutrition JSC, Ajinomoto, Anova, DSM, CP Group, and Anthruc Co. Ltd etc.
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