Vietnam Dairy Market Overview:
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 5.71 Billion
Market Forecast in 2033: USD 13.37 Billion
Market Growth Rate: 9.50% (2025-2033)
The Vietnam dairy market size was valued at USD 5.71 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 13.37 Billion by 2033, exhibiting a CAGR of 9.50% from 2025-2033.
Vietnam Dairy Market Trends:
The dairy market in Vietnam is rapidly growing as health awareness, urbanization, and a middle class with increased disposable incomes rise. In essence, customers’ preferences are changing in favor of healthier dairy options, like low-sugar, low-fat, fortified dairy products and dairy with additional vitamins and minerals like yogurt and milk. There is also increasing demand for plant-based substitutes in dairy products based on lactose intolerance and a general global shift toward sustainable consumption. Increased demand for refrigerated products and e-commerce is leading to enhanced accessibility and distribution, especially in remote and rural areas through modern cold chain logistics.
Local dairy producers are adopting modern technology and expanding their product lines to compete with international brands, focusing on innovation and premiumization against large competitors. Increasingly flavored milk and ready-to-drink beverages and probiotic products are also popular with younger populations. Government support for independent dairy farming and nutrition programs has helped local farmers develop the local market. Also, evolving lifestyles and increased female participation in the workforce are increasing the demand for on-the-go formats of dairy products. The Vietnam dairy market is likely to continue to grow, while increasing consumer behavior changes, technological advancements and a stronger regulatory framework continue to progress the industry.
For an in-depth analysis, you can refer free sample copy of the report: https://www.imarcgroup.com/vietnam-dairy-market/requestsample
Vietnam Dairy Market Scope and Growth Analysis:
The Vietnam dairy market is evolving very fast, with growth driven by heightened attention to health, rising disposable incomes and the growing urban population looking for convenient ways to eat healthy and nutritious food, and in particular, strong domestic demand for milk and dairy products like yogurt, cheese, and powdered milk. There is demand mainly from younger consumers and working families. And the government is promoting better local dairy farming practice to be less reliant on imports, which is resulting in investment opportunities in infrastructure and supply chains. Also, advent of international players venturing into the store from joint ventures and strategic alliances, with new technologies and premium products to further add to market competition.
In addition, changes to consumer habits and lifestyles set against a backdrop of western influences increasingly create opportunities for better penetration of dairy products to a wider range of demographics. Notably, there are numerous retailers and emerging functional retail networks like e-commerce, supermarkets and convenience stores that ease the access to dairy products by rural and urban consumers and the growth of dairy in the market is positioned as supported by domestic and foreign brands expanding their size and mix as evolving tastes and eating habits and dietary approaches emerges. Overall, the Vietnam dairy market can develop sustainable growth based on a mix of economic, social and technological foundations for the dairy industry, which will create new consumer behaviours in fresh and product dairy consumption.
Vietnam Dairy Market Outlook and Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Vietnam Dairy Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Product:
- Liquid Milk
- Cheese
- Laban
- Yogurt and Curd
- Butter and Clarified Butter
- Others
Analysis by Application:
- Bakery and Confectionary
- Clinical Nutrition
- Frozen Food
- Others
Analysis by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Stores
- Others
Regional Analysis:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
- Recent Industry News
- Key Technological Trends & Development
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About US:
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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