Product Code: ETC081469 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Beef Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 15.17% in 2025, growth builds up to 19.74% by 2029.
By 2027, Vietnam's Beef market is forecasted to achieve a exponential growth rate of 15.94%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Vietnam Beef market reflects the changing dietary preferences and consumption patterns in the country. As incomes rise and lifestyles evolve, there is a growing demand for high-quality beef products. The market is influenced by factors such as urbanization, the influence of Western culinary trends, and a shift towards protein-rich diets. Domestic production and importation contribute to the availability of diverse beef products in the market. Key players focus on quality assurance, traceability, and sustainability practices to meet consumer expectations.
The Vietnam Beef market is being primarily driven by the increasing consumer demand for meat products, particularly beef. As the country`s economy continues to grow, there is a rising middle-class population with higher disposable incomes. This has led to a shift in dietary preferences towards protein-rich foods like beef. Furthermore, the growing awareness of the health benefits associated with beef consumption, such as its high protein content and essential nutrients, is also fueling the market. Investments in the beef industry, modernization of supply chains, and the promotion of beef as a source of nutrition are contributing to the sector`s growth. Additionally, the government`s initiatives to enhance livestock production and ensure food security are instrumental in supporting the expansion of the Vietnam beef market.
The Vietnam Beef Market faces several challenges that impact its growth and sustainability. One of the primary challenges is the increased scrutiny on environmental and health aspects of beef consumption. Concerns about deforestation, greenhouse gas emissions, and the health effects of red meat have led to changing consumer preferences and government regulations, posing a challenge to the traditional beef industry. Additionally, competition from alternative protein sources, such as plant-based and lab-grown meat, has further intensified market competition. Ensuring sustainable and ethical beef production practices is becoming essential to address these challenges.
The Vietnam Beef Market, like many sectors, has experienced the impact of the COVID-19 pandemic. The disruptions caused by the pandemic have affected various elements of the beef supply chain, from production and processing to distribution and consumption. Lockdowns, movement restrictions, and labor shortages have presented challenges in maintaining regular beef production and distribution. Additionally, changes in consumer behavior, economic uncertainties, and shifts in demand patterns have influenced how beef is marketed and consumed. As Vietnam navigates the ongoing effects of the pandemic, the Beef Market is adapting to new market dynamics, emphasizing resilience and flexibility in the face of uncertainties.
The Vietnam Beef Market is dominated by major meat processing companies like C.P. Group, Masan MeatLife, and Vinh Hoan Corporation. These companies have a significant presence in the beef industry in Vietnam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Beef Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Beef Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Beef Market - Industry Life Cycle |
3.4 Vietnam Beef Market - Porter's Five Forces |
3.5 Vietnam Beef Market Revenues & Volume Share, By Beef Cut, 2021 & 2031F |
3.6 Vietnam Beef Market Revenues & Volume Share, By Beef Slaughter Method, 2021 & 2031F |
4 Vietnam Beef Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Beef Market Trends |
6 Vietnam Beef Market, By Types |
6.1 Vietnam Beef Market, By Beef Cut |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Beef Market Revenues & Volume, By Beef Cut, 2021-2031F |
6.1.3 Vietnam Beef Market Revenues & Volume, By Brisket, 2021-2031F |
6.1.4 Vietnam Beef Market Revenues & Volume, By Shank, 2021-2031F |
6.1.5 Vietnam Beef Market Revenues & Volume, By Loin, 2021-2031F |
6.1.6 Vietnam Beef Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Beef Market, By Beef Slaughter Method |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Beef Market Revenues & Volume, By Kosher, 2021-2031F |
6.2.3 Vietnam Beef Market Revenues & Volume, By Halal, 2021-2031F |
6.2.4 Vietnam Beef Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Beef Market Import-Export Trade Statistics |
7.1 Vietnam Beef Market Export to Major Countries |
7.2 Vietnam Beef Market Imports from Major Countries |
8 Vietnam Beef Market Key Performance Indicators |
9 Vietnam Beef Market - Opportunity Assessment |
9.1 Vietnam Beef Market Opportunity Assessment, By Beef Cut, 2021 & 2031F |
9.2 Vietnam Beef Market Opportunity Assessment, By Beef Slaughter Method, 2021 & 2031F |
10 Vietnam Beef Market - Competitive Landscape |
10.1 Vietnam Beef Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Beef Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |