Nevertheless, Vietstock 2020 Expo & Forum is the perfect opportunities to reach the fastest growing and most potential market - Vietnam:
◾ Vietnam is considered as one of the fastest growing and high potential Asian countries, as far as livestock numbers and feed production is concerned.
◾ Vietnam’s average chicken consumption per capita is forecasted to expand to 16.6 kg by 2021, as predicted by Frost & Sullivan. To meet this projection, DBS Bank estimates that 264 new breeding and 694 new commercial farms will need to be added.
◾ The Vietnamese government is pushing to reform and modernise its meat processing industry to meet this growing demand, as well as consumers’ expectations for clean and safe products. The number of livestock killed by industrial methods is expected to increase from 12.4% in 2010 to 35% by 2020.
◾ Vietnam’s dairy market is predicted to double in size by 2020, reaching US$8.2 billion as the population is expected to increase by five million and dairy consumption to rise by a CAGR of 7%.
◾ According to the 2017 Alltech Global Feed Survey, Vietnam was the world’s fastest growing feed market at +21% in 2016 to 18.7 million tons.