Vietnam Baby Food Market 2024

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The Vietnam baby food market is poised for slight advancement, with expectations of rising from USD 1,418.1 million in 2023 to USD 1,825.6 million by 2029, capturing a CAGR of 4.3% during the forecast period. The baby food market is driven by the increasing number of working mothers and rising disposable incomes. As more women enter the workforce, the demand for convenient, ready-to-feed baby food products has surged, as they seek solutions that fit their busy lifestyles. Additionally, increasing awareness of child nutrition has prompted parents to seek products that offer essential vitamins and minerals, leading to higher demand for fortified baby foods. The rise in health-consciousness among consumers has also contributed to the growing preference for organic and natural baby food products that are free from artificial additives and preservatives.

This report provides a thorough assessment of the Vietnam baby food industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, category and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the baby food industry.


Market Segmentation


The Vietnam baby food market is categorized into the following segments:
Product type: dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk), other baby food
Category: conventional, organic
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, health and beauty stores, e-commerce, others

The baby food market in Vietnam is segmented based on product type, category and distribution channel. The categorization of the market by product type includes dried baby food, prepared baby food, milk formula (standard formula, follow-on formula, growing-up milk), and other baby food. Category segmentation includes conventional, and organic. Distribution channel segmentation comprises convenience stores, supermarkets and hypermarkets, small grocery stores, health and beauty stores, e-commerce, and others.


Competitive Landscape


Leading companies in the baby food market comprise Vietnam Dairy Products Joint Stock Company (Vinamilk), Viet Nam VitaDairy Milk JSC, Saigon Foods Co., Royal FrieslandCampina N.V., Reckitt Benckiser Group plc (RB), Nutifood Nutrition Food JSC, Nestle S.A., Meiji Holdings Co. Ltd., HiPP GmbH & Company Vertrieb KG, Ezaki Glico Co. Ltd. and Abbott Laboratories.

This comprehensive report analyzes the performance of leading companies in the baby food sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Vietnam baby food market.
Gain in-depth analysis and forecasts for the key segments of the Vietnam baby food market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam baby food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam baby food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.


Table of Contents


TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Vietnam Baby Food Market – Product Type Analysis
Vietnam Baby Food Market – Category Analysis
Vietnam Baby Food Market – Distribution Channel Analysis
Key Players and Market Share
– Vietnam Dairy Products Joint Stock Company (Vinamilk)
– Viet Nam VitaDairy Milk JSC
– Saigon Foods Co.
– Royal FrieslandCampina N.V.
– Reckitt Benckiser Group plc (RB)
– Nutifood Nutrition Food JSC
– Nestle S.A.
– Meiji Holdings Co., Ltd.
– HiPP GmbH & Company Vertrieb KG

Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Vietnam Baby Food Market 2019-2029
Chart Vietnam Baby Food Market, Net Growth, 2019-2029
Chart Vietnam Baby Food Market, Growth Rates, 2019-2029
Table Vietnam Baby Food Market by Product Type, 2019-2029
Chart Vietnam Baby Food Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Baby Food Market by Product Type, 2019-2029
Table Vietnam Baby Food Market by Category, 2019-2029
Chart Vietnam Baby Food Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Baby Food Market by Category, 2019-2029
Table Vietnam Baby Food Market by Distribution Channel, 2019-2029
Chart Vietnam Baby Food Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Baby Food Market by Distribution Channel, 2019-2029
Table Vietnam Baby Food Market Share (%), by Companies, 2019-2023
Chart Vietnam Baby Food Market, by Companies, 2023
Table Vietnam Baby Food Market Share (%), by Brands, 2019-2023
Chart Vietnam Baby Food Market, by Brands, 2023
Table Vietnam – Population (Millions) and Forecast
Table Vietnam – Consumer Price Index (CPI) and Forecast
Table Vietnam – Gross Domestic Product and Forecast
Table Vietnam Baby Food Market: Spend as a Proportion of GDP (%)
Table Vietnam Baby Food Market: Consumption per Capita (Population)


Companies Mentioned


Vietnam Dairy Products Joint Stock Company (Vinamilk)
Viet Nam VitaDairy Milk JSC
Saigon Foods Co.
Royal FrieslandCampina N.V.
Reckitt Benckiser Group plc (RB)
Nutifood Nutrition Food JSC
Nestle S.A.
Meiji Holdings Co., Ltd.
HiPP GmbH & Company Vertrieb KG
Ezaki Glico Co., Ltd.
Abbott Laboratories


Product Type

Industry Statistics

Region

Asia Pacific

Published Date

2024

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