The Vietnam condiments and sauces market is projected to expand from USD 2,325.6 million in 2023 to USD 3,773.2 million by 2029, achieving a compound annual growth rate (CAGR) of 8.4% during the period from 2024 to 2029. Vietnam’s condiments and sauces market is heavily influenced by the country’s traditional cuisine, where fish sauce, soy sauce, and chili paste are key components in almost every dish. The expanding foodservice sector, particularly in urban areas, is driving demand for more variety and convenience in condiments. Moreover, the growing trend of global food consumption among younger consumers is leading to a rise in the popularity of international sauces, particularly those used in fast food and fusion dishes.
The report offers a comprehensive evaluation of the Vietnam condiments and sauces market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the condiments and sauces industry.
Market Segmentation
The Vietnam condiments and sauces market is classified into the following segments:
Product: condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, sauces (recipe sauces, pasta sauces, table and cooking sauces, fish sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, others
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The condiments and sauces market in the Vietnam is segmented by product and distribution channel. By product, it includes condiments and ingredients (bouillon, monosodium glutamate, others), herbs and spices, sauces (recipe sauces, pasta sauces, table and cooking sauces, fish sauces, ketchup, mayonnaise, mustard sauces, oyster sauces, salad dressings, soy sauces, chili sauces, others), pickles, and others. Distribution channel segments are divided into convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
Leading companies in the condiments and sauces market comprise Viet Huong Trading Co. Ltd., VIANCO Joint Venture Enterprise Ltd., VEDAN International (Holdings) Limited, Ve Wong Corporation, Unilever PLC, Uniben JSC, Trung Thanh Foods Co. Ltd., Nestle S.A., Nam Phuong V.N Co. Ltd., Nam Duong, Masan Group Corporation, Marico Limited (Thuan Phat), Lien Thanh Corporation, Kewpie Corporation, Hung Thinh Co. Ltd., Hanh Phuc, Daesang Corporation, Cholon Investment & Import-Export Company Ltd. (CHOLIMEX), Bay Hong Hanh Production Trading Service Co. Ltd., Asia Food Technology JSC and Ajinomoto Co. Inc.
This analysis offers a comprehensive overview of the main players in the condiments and sauces market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
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Gain in-depth analysis and forecasts for the key segments of the Vietnam condiments and sauces market: product and distribution channel.
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Anticipate the future trajectory of the Vietnam condiments and sauces market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Vietnam Condiments and Sauces Market – Product Analysis
Vietnam Condiments and Sauces Market – Distribution Channel Analysis
Key Players and Market Share
– Viet Huong Trading Co., Ltd.
– VIANCO Joint Venture Enterprise Ltd.
– VEDAN International (Holdings) Limited
– Ve Wong Corporation
– Unilever PLC
– Uniben JSC
– Trung Thanh Foods Co., Ltd.
– Nestle S.A.
– Nam Phuong V.N Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Vietnam Condiments and Sauces Market 2019-2029
Chart Vietnam Condiments and Sauces Market, Net Growth, 2019-2029
Chart Vietnam Condiments and Sauces Market, Growth Rates, 2019-2029
Table Vietnam Condiments and Sauces Market by Product, 2019-2029
Chart Vietnam Condiments and Sauces Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Condiments and Sauces Market by Product, 2019-2029
Table Vietnam Condiments and Sauces Market by Distribution Channel, 2019-2029
Chart Vietnam Condiments and Sauces Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Condiments and Sauces Market by Distribution Channel, 2019-2029
Table Vietnam Condiments and Sauces Market Share (%), by Companies, 2019-2023
Chart Vietnam Condiments and Sauces Market, by Companies, 2023
Table Vietnam Condiments and Sauces Market Share (%), by Brands, 2019-2023
Chart Vietnam Condiments and Sauces 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 Condiments and Sauces Market: Spend as a Proportion of GDP (%)
Table Vietnam Condiments and Sauces Market: Consumption per Capita (Population)
Companies Mentioned
Viet Huong Trading Co., Ltd.
VIANCO Joint Venture Enterprise Ltd.
VEDAN International (Holdings) Limited
Ve Wong Corporation
Unilever PLC
Uniben JSC
Trung Thanh Foods Co., Ltd.
Nestle S.A.
Nam Phuong V.N Co., Ltd.
Nam Duong
Masan Group Corporation
Marico Limited (Thuan Phat)
Lien Thanh Corporation
Kewpie Corporation
Hung Thinh Co., Ltd.
Hanh Phuc
Daesang Corporation
Cholon Investment & Import-Export Company Ltd. (CHOLIMEX)
Bay Hong Hanh Production Trading Service Co. Ltd.
Asia Food Technology JSC
Ajinomoto Co., Inc.