VIETNAM DAIRY INDUSTRY
Dairy is an important and essential food but due to the high cost of goods manufactured compared to Vietnamese average income, the spending on it is still limited. The spending on milk accounts for over 10% of the total food expenditure in Vietnam.
Revenue of diary enterprises grew continuously at a CAGR of 12.7%/year during the period of 2010 - 2018. The dairy revenue growth is mainly due to 2 segments: milk powder and liquid milk, accounting for 75% of the total market value.
Vietnam liquid milk market grew at a CAGR of 20.9% in the period of 2010 - 2018. Up to the end of March 2019, Vietnam liquid milk consumption revenue increased by 9.8% compared to the same period of 2018.
The powder milk consumption revenue grew at a CAGR of 19.4%. The milk powder consumption revenue in the first 3 months of 2019 rose by 8.5% compared to the same period of 2018.
The condensed milk consumption revenue in Q1/2019 increased by 4.3% in comparison with the same period of 2018. Researchers forecasts that although the condensed milk market grows slowly, it will maintain a stable growth rate of around 5%/year over the next 5 years.
The dairy market has been contributing positively to the national economy with a high growth rate, the next year is always higher than the previous with an average rate of 15 - 17%/year. Vietnam dairy processing industry is planned to develop until 2020 with a view to 2015 with many innovative mechanisms and policies in order to help enterprises in the industry develop and promote competition when integrating.
Dairy is an important and essential food but due to the high cost of goods manufactured compared to Vietnamese average income, the spending on it is still limited. The spending on milk accounts for over 10% of the total food expenditure in Vietnam.
Revenue of diary enterprises grew continuously at a CAGR of 12.7%/year during the period of 2010 - 2018. The dairy revenue growth is mainly due to 2 segments: milk powder and liquid milk, accounting for 75% of the total market value.
Vietnam liquid milk market grew at a CAGR of 20.9% in the period of 2010 - 2018. Up to the end of March 2019, Vietnam liquid milk consumption revenue increased by 9.8% compared to the same period of 2018.
The powder milk consumption revenue grew at a CAGR of 19.4%. The milk powder consumption revenue in the first 3 months of 2019 rose by 8.5% compared to the same period of 2018.
The condensed milk consumption revenue in Q1/2019 increased by 4.3% in comparison with the same period of 2018. Researchers forecasts that although the condensed milk market grows slowly, it will maintain a stable growth rate of around 5%/year over the next 5 years.
The dairy market has been contributing positively to the national economy with a high growth rate, the next year is always higher than the previous with an average rate of 15 - 17%/year. Vietnam dairy processing industry is planned to develop until 2020 with a view to 2015 with many innovative mechanisms and policies in order to help enterprises in the industry develop and promote competition when integrating.
Table of Contents
AbbreviationsExecutive SummaryVIII. Financial analysis annex
I. Business environment
II. Global market
III. Vietnam’s market
IV. Industrial risks
V. Industrial development plan
VI. Prospects and forecasts
VII. Business 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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