Product Code: ETC042490 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Fluid Milk Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 9.96% in 2025, the growth rate steadily ascends to 14.07% in 2029.
In the Asia region, the Fluid Milk market in Vietnam is projected to expand at a high growth rate of 12.10% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam Fluid Milk Market is a vital segment within the country`s dairy industry, which has witnessed significant growth in recent years. Fluid milk products, including fresh milk and flavored milk, have gained popularity among Vietnamese consumers due to their nutritional benefits and convenience. With a growing urban population and rising disposable incomes, the demand for quality dairy products, including fluid milk, has increased. The market is driven by the increasing health consciousness among consumers and their preference for fortified and functional milk products. Moreover, the expansion of modern retail channels, such as supermarkets and hypermarkets, has facilitated easy access to fluid milk products for consumers across different regions. Local dairy companies, as well as multinational players, compete in the market, offering a diverse range of fluid milk products to meet the evolving consumer preferences.
The Vietnam Fluid Milk Market is primarily driven by the increasing consumer awareness of the nutritional benefits of dairy products and the rising disposable incomes in the country. As consumers become more health-conscious, there is a growing preference for products that offer essential nutrients and contribute to a balanced diet. Fluid milk, with its rich source of calcium, protein, and other vitamins, is considered a wholesome and convenient option. The market also benefits from the rising popularity of flavored milk, catering to consumers` diverse taste preferences. The expansion of modern retail channels, including supermarkets and hypermarkets, has made fluid milk products more accessible to consumers across different regions, further driving market growth. Moreover, the government`s initiatives to promote the consumption of dairy products for improved nutrition and health have also positively influenced the growth of the Vietnam Fluid Milk Market.
The Vietnam Fluid Milk Market faces several challenges that impact its growth and profitability. One of the significant challenges is the price sensitivity of consumers, especially in the lower-income segments. The fluid milk market is highly competitive, and price wars among manufacturers can squeeze profit margins. The challenge is to strike a balance between offering competitive prices and maintaining product quality. Furthermore, the supply chain and logistics challenges can affect the availability and distribution of fluid milk products, particularly in remote and rural areas. Maintaining the freshness and quality of fluid milk during transportation and storage is crucial to meet consumer expectations. The Vietnam Fluid Milk Market is also subject to the influence of global dairy market dynamics, including fluctuations in international milk prices and supply-demand imbalances. Market players must stay agile in responding to changes in the global dairy market to mitigate potential impacts on their operations and pricing strategies. Moreover, the rising competition from alternative plant-based milk products, such as soy milk and almond milk, poses a challenge to the traditional fluid milk market. Manufacturers need to innovate and offer value-added products to cater to consumers seeking dairy-free options.
The Vietnam Fluid Milk Market faced both challenges and opportunities amid the COVID-19 pandemic. The initial phase of the outbreak resulted in disruptions to the supply chain, causing logistical issues and hindering the distribution of milk products. Closure of restaurants, cafes, and schools led to reduced out-of-home consumption, affecting overall milk demand. However, with people staying at home, there was an increase in at-home consumption, particularly of long-shelf-life milk. Key players in the market quickly adapted their operations to meet the shifting consumer preferences and focused on enhancing their online presence for home delivery. They also introduced innovative milk products with added nutritional benefits to cater to health-conscious consumers.
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 Fluid Milk Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Fluid Milk Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Fluid Milk Market - Industry Life Cycle |
3.4 Vietnam Fluid Milk Market - Porter's Five Forces |
3.5 Vietnam Fluid Milk Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Vietnam Fluid Milk Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Vietnam Fluid Milk Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Fluid Milk Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Fluid Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Fluid Milk Market Trends |
6 Vietnam Fluid Milk Market, By Types |
6.1 Vietnam Fluid Milk Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Fluid Milk Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Vietnam Fluid Milk Market Revenues & Volume, By Cow Milk, 2021-2031F |
6.1.4 Vietnam Fluid Milk Market Revenues & Volume, By Ship Milk, 2021-2031F |
6.1.5 Vietnam Fluid Milk Market Revenues & Volume, By Goat Milk, 2021-2031F |
6.1.6 Vietnam Fluid Milk Market Revenues & Volume, By Buffalo Milk, 2021-2031F |
6.2 Vietnam Fluid Milk Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Fluid Milk Market Revenues & Volume, By Whole Milk, 2021-2031F |
6.2.3 Vietnam Fluid Milk Market Revenues & Volume, By Low Fat Milk, 2021-2031F |
6.2.4 Vietnam Fluid Milk Market Revenues & Volume, By Reduced Fat Milk, 2021-2031F |
6.2.5 Vietnam Fluid Milk Market Revenues & Volume, By Skim Milk, 2021-2031F |
6.2.6 Vietnam Fluid Milk Market Revenues & Volume, By Cultured Buttermilk, 2021-2031F |
6.2.7 Vietnam Fluid Milk Market Revenues & Volume, By Lactose Free Milk, 2021-2031F |
6.3 Vietnam Fluid Milk Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Fluid Milk Market Revenues & Volume, By Fortified Milk, 2021-2031F |
6.3.3 Vietnam Fluid Milk Market Revenues & Volume, By Flavored Dairy Milk, 2021-2031F |
6.3.4 Vietnam Fluid Milk Market Revenues & Volume, By Yogurts, 2021-2031F |
6.3.5 Vietnam Fluid Milk Market Revenues & Volume, By Cheese, 2021-2031F |
6.3.6 Vietnam Fluid Milk Market Revenues & Volume, By Creams, 2021-2031F |
6.3.7 Vietnam Fluid Milk Market Revenues & Volume, By Frozen Desserts, 2021-2031F |
6.4 Vietnam Fluid Milk Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Fluid Milk Market Revenues & Volume, By Supermarket, 2021-2031F |
6.4.3 Vietnam Fluid Milk Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.4.4 Vietnam Fluid Milk Market Revenues & Volume, By Food Speciality Stores, 2021-2031F |
6.4.5 Vietnam Fluid Milk Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Fluid Milk Market Import-Export Trade Statistics |
7.1 Vietnam Fluid Milk Market Export to Major Countries |
7.2 Vietnam Fluid Milk Market Imports from Major Countries |
8 Vietnam Fluid Milk Market Key Performance Indicators |
9 Vietnam Fluid Milk Market - Opportunity Assessment |
9.1 Vietnam Fluid Milk Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Vietnam Fluid Milk Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Vietnam Fluid Milk Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Fluid Milk Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Fluid Milk Market - Competitive Landscape |
10.1 Vietnam Fluid Milk Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Fluid Milk Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |