Anticipated to grow gradually, the Vietnam noodles market size is set to rise from USD 2,503.3 million in 2023 to USD 3,259.9 million by 2029, achieving a CAGR of 4.5% throughout the forecast period. In Vietnam, noodles are a staple food, with a strong preference for both traditional and instant varieties. The fast-paced urban lifestyle has spurred demand for instant noodles, which are affordable and easy to prepare. Increasing disposable incomes and exposure to international food trends have led to a growing interest in premium noodle products, including imported and health-focused varieties. The strong local production of noodles also supports the market, ensuring a stable supply and diverse product offerings.
The report offers a comprehensive evaluation of the Vietnam noodles 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, packaging type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the noodles industry.
Market Segmentation
The Vietnam noodles market is classified into the following segments:
Product: instant noodles, plain noodles
Packaging type: flexible plastic, paper containers, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, foodservice channels, e-commerce, others
The noodles market in Vietnam is segmented based on product, packaging type and distribution channel. By product, the market is categorized into instant noodles, and plain noodles. Packaging type segmentation includes flexible plastic, paper containers, and others. Distribution channel segments comprise convenience stores, supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The noodles market is characterized by dominance from key players such as VIFON – Vietnam Food Industries JSC, Ve Wong Corporation, Uniben JSC, Thien Huong Food Joint Stock Company, Samyang Roundsquare Co. Ltd., Safoco Foodstuff JSC, Paldo Co. Ltd., Nongshim Co. Ltd., Masan Group Corporation, Colusa Miliket Foodstuff JSC, Asia Foods Corporation, Asia Food Technology JSC and Acecook Co. Ltd.
This analysis offers a comprehensive overview of the main players in the noodles market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Vietnam noodles market.
Gain in-depth analysis and forecasts for the key segments of the Vietnam noodles market: product, 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 noodles market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam noodles 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 Noodles Market – Product Analysis
Vietnam Noodles Market – Packaging Type Analysis
Vietnam Noodles Market – Distribution Channel Analysis
Key Players and Market Share
– VIFON – Vietnam Food Industries JSC
– Ve Wong Corporation
– Uniben JSC
– Thien Huong Food Joint Stock Company
– Samyang Roundsquare Co., Ltd.
– Safoco Foodstuff JSC
– Paldo Co., Ltd.
– Nongshim Co., Ltd.
– Masan Group Corporation
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Vietnam Noodles Market 2019-2029
Chart Vietnam Noodles Market, Net Growth, 2019-2029
Chart Vietnam Noodles Market, Growth Rates, 2019-2029
Table Vietnam Noodles Market by Product, 2019-2029
Chart Vietnam Noodles Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Noodles Market by Product, 2019-2029
Table Vietnam Noodles Market by Packaging Type, 2019-2029
Chart Vietnam Noodles Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Noodles Market by Packaging Type, 2019-2029
Table Vietnam Noodles Market by Distribution Channel, 2019-2029
Chart Vietnam Noodles Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Vietnam Noodles Market by Distribution Channel, 2019-2029
Table Vietnam Noodles Market Share (%), by Companies, 2019-2023
Chart Vietnam Noodles Market, by Companies, 2023
Table Vietnam Noodles Market Share (%), by Brands, 2019-2023
Chart Vietnam Noodles 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 Noodles Market: Spend as a Proportion of GDP (%)
Table Vietnam Noodles Market: Consumption per Capita (Population)
Companies Mentioned
VIFON – Vietnam Food Industries JSC
Ve Wong Corporation
Uniben JSC
Thien Huong Food Joint Stock Company
Samyang Roundsquare Co., Ltd.
Safoco Foodstuff JSC
Paldo Co., Ltd.
Nongshim Co., Ltd.
Masan Group Corporation
Colusa Miliket Foodstuff JSC
Asia Foods Corporation
Asia Food Technology JSC
Acecook Co. Ltd.