The milk market in Vietnam is projected to rise by USD 1.4 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 5.6 percent during the forecast period. The Vietnam milk market is driven by a surge in consumer demand for nutritious and high-quality dairy products, fueled by the country’s growing middle class and increasing health awareness. Vietnamese consumers are increasingly gravitating towards fortified and organic milk options, reflecting broader trends in dietary health and wellness. Additionally, the market benefits from substantial investments in local dairy production and processing infrastructure, which enhance the availability and quality of domestic milk products. Government initiatives aimed at supporting the dairy industry and reducing reliance on imports further bolster market growth. The expansion of modern retail channels and e-commerce platforms also plays a crucial role in improving consumer access to a wide range of milk products.
The report delivers an in-depth analysis of the Vietnam milk industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the milk market.
Market Segmentation
The following outlines the segmentation of the milk market in Vietnam:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The Vietnam milk market is segmented on the basis of product, and distribution channel. On the basis of product, the milk market in Vietnam has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. By distribution channel, the milk market in Vietnam has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The Vietnam milk market is highly competitive. Key companies profiled in the report include Vietnam Dairy Products Joint Stock Company (Vinamilk), The Coca-Cola Company, TH Food Chain Joint Stock Company, Saputo Inc., Royal FrieslandCampina N.V., Reckitt Benckiser Group plc (RB), PepsiCo Inc., Nutifood Nutrition Food JSC, Nestle S.A., Lothamilk JSC, International Dairy Products JSC, Hanoi Milk JSC, Fonterra Co-operative Group Limited, Bega Cheese Limited, Associated British Foods plc, Abbott Laboratories.
This report delivers an in-depth breakdown of key players within the Vietnam milk market, outlining their performance from 2019 through 2023. The data reveals significant shifts in market share, highlighting both dominant players and emerging competitors. Armed with this information, businesses can sharpen their competitive edge, adjusting their strategies to navigate a shifting market landscape and positioning themselves for long-term growth.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Vietnam milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewVietnam milk market – product analysis
Vietnam milk market – distribution channel analysis
Key players and market share
– Vietnam Dairy Products Joint Stock Company (Vinamilk)
– The Coca-Cola Company
– TH Food Chain Joint Stock Company
– Saputo Inc.
– Royal FrieslandCampina N.V.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Vietnam milk market 2019-2029
Chart Vietnam milk market, net growth, 2019-2029
Chart Vietnam milk market, growth rates, 2019-2029
Table Vietnam milk market by product, 2019-2029
Chart Vietnam milk market by product, CAGR historic and forecast, 2019-2029
Chart Vietnam milk market by product, 2019-2029
Table Vietnam milk market by distribution channel, 2019-2029
Chart Vietnam milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Vietnam milk market by distribution channel, 2019-2029
Table Vietnam milk market share (%), by companies, 2019-2023
Chart Vietnam milk market, by companies, 2023
Table Vietnam milk market share (%), by brands, 2019-2023
Chart Vietnam milk 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 milk market: spend as a proportion of GDP (%)
Table Vietnam milk market: consumption per capita (population)