Anticipated to grow steadily, the Vietnam confectionery market is expected to rise from USD 1,098.7 million in 2023 to USD 1,842.6 million by 2029, with a CAGR of 9% throughout the forecast period. Vietnam’s confectionery market is experiencing robust growth, driven by rising disposable incomes and an expanding middle class. The market is seeing increasing demand for indulgent snacks, while health-conscious consumers are showing interest in low-sugar and organic options. The rapid development of modern retail channels is also boosting product accessibility.
The report provides a comprehensive analysis of the Vietnam confectionery industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, packaging type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the confectionery sector.
Market Segmentation
The segmentation of the Vietnam confectionery market is outlined below:
Product type: chocolate, gums, sugar confectionery
Packaging type: flexible packaging, folding cartons, rigid plastic, metal, others
Distribution channel: convenience stores, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, others
The Vietnam market for confectionery is divided based on product type, packaging type and distribution channel. By product type, the market features chocolate, gums, and sugar confectionery. Packaging type categories include flexible packaging, folding cartons, rigid plastic, metal, and others. Distribution channel segments cover convenience stores, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The competitive landscape of the confectionery market features leading companies such as Triko Foods Co., The PAN Group, The Hershey Company, PT. Mayora Indah Tbk, Perfetti Van Melle Group, Orion Group, Nestle S.A., Mondelez International Inc., Mars Incorporated, Lotte Corporation, Long Hai Co. Ltd., Hanh Dung Co. Ltd., Hai Ha Confectionery JSC, Hai Chau Confectionery Joint Stock Company and Ferrero International S.A.
This report presents an extensive analysis of major entities in the confectionery market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Vietnam confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Vietnam confectionery market: product type, packaging type 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 confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam confectionery 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 Confectionery Market – Product Type Analysis
Vietnam Confectionery Market – Packaging Type Analysis
Vietnam Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– Triko Foods Co.
– The PAN Group
– The Hershey Company
– PT. Mayora Indah, Tbk
– Perfetti Van Melle Group
– Orion Group
– Nestle S.A.
– Mondelez International Inc.
– Mars, Incorporated
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Vietnam Confectionery Market 2019-2029
Chart Vietnam Confectionery Market, Net Growth, 2019-2029
Chart Vietnam Confectionery Market, Growth Rates, 2019-2029
Table Vietnam Confectionery Market by Product Type, 2019-2029
Chart Vietnam Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Confectionery Market by Product Type, 2019-2029
Table Vietnam Confectionery Market by Packaging Type, 2019-2029
Chart Vietnam Confectionery Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Confectionery Market by Packaging Type, 2019-2029
Table Vietnam Confectionery Market by Distribution Channel, 2019-2029
Chart Vietnam Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Confectionery Market by Distribution Channel, 2019-2029
Table Vietnam Confectionery Market Share (%), by Companies, 2019-2023
Chart Vietnam Confectionery Market, by Companies, 2023
Table Vietnam Confectionery Market Share (%), by Brands, 2019-2023
Chart Vietnam Confectionery 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 Confectionery Market: Spend as a Proportion of GDP (%)
Table Vietnam Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Triko Foods Co.
The PAN Group
The Hershey Company
PT. Mayora Indah, Tbk
Perfetti Van Melle Group
Orion Group
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Lotte Corporation
Long Hai Co., Ltd.
Hanh Dung Co., Ltd.
Hai Ha Confectionery JSC
Hai Chau Confectionery Joint Stock Company
Ferrero International S.A.