Dairy is an important and essential food but due to the high price compared to Vietnamese average income leading to the limitations in dairy’s expenses. Dairy’s spending accounts for 10% of the total food’s expenditure in Vietnam. Average GDP per capita growing constantly is the important factor boosting the dairy consumption. The Young population structure enables a potential market to promote the dairy industry.
The input of processing dairy consists of fresh milk and powder, in which the powder trade among countries dominates.The cow's milk material production in 2018 was estimated to achieve 725.8 million tons, increase 1.7% compared to 2017. The milk consumption is forcusing on skimmed powder which is a material using in manufacturing mink products, baby powders because it has already separated milk fat which is difficult to disgest with young children.
By the end of 2018, domestic fresh milk material production was estimated to achieve approximately 960.0 thousand tons, rise 6.2% compared to the same period of 2017; consumption revenue in Vietnam increased 10.9% in comparison with 2017. Powder consumption revenue grew continuously between 2010 and 2018 with the growth rate reaching CAGR at 19.4%.
From 2010 to 2018, Vietnam imported about 7.2 billion USD of mlk and dairy products, spent 890 million USD each year to meet the domestic consumption demand. Vietnam processing dairy industry was planned for development until 2020, with a vision to 2025 with many mechanisms and policies in order to help bussinesses in the industry and enhance competition when international integration.
The input of processing dairy consists of fresh milk and powder, in which the powder trade among countries dominates.The cow's milk material production in 2018 was estimated to achieve 725.8 million tons, increase 1.7% compared to 2017. The milk consumption is forcusing on skimmed powder which is a material using in manufacturing mink products, baby powders because it has already separated milk fat which is difficult to disgest with young children.
By the end of 2018, domestic fresh milk material production was estimated to achieve approximately 960.0 thousand tons, rise 6.2% compared to the same period of 2017; consumption revenue in Vietnam increased 10.9% in comparison with 2017. Powder consumption revenue grew continuously between 2010 and 2018 with the growth rate reaching CAGR at 19.4%.
From 2010 to 2018, Vietnam imported about 7.2 billion USD of mlk and dairy products, spent 890 million USD each year to meet the domestic consumption demand. Vietnam processing dairy industry was planned for development until 2020, with a vision to 2025 with many mechanisms and policies in order to help bussinesses in the industry and enhance competition when international integration.
Table of Contents
AbbreviationsSummaryIV. Industrial development planV. Drivers of the dairy industry
I. Business environment
II. Global market
III. Vietnam’s market
VI. Enterprise Analysis
List of figures
List of tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Vietnam Dairy Products Joint Stock Company (Vinamilk)
- Nestlé Vietnam Company Limited
- 3A Nutrition Company Limited
- NutiFood Nutrition Food Joint Stock Company in Binh Duong Province
- Frieslandcampina Vietnam Company Limited
- TH True Milk Joint Stock Company
- Moc Chau Dairy Cattle Breeding Joint Stock Company
- Mead Johnson Nutrition (Vietnam) Company Limited
- International Dairy Products Joint Stock Company (IDP)
- KIDO Frozen Food Joint Stock Company (KDF)
Methodology
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