PROSPECTS AND OPPORTUNITIES
Coffee to continue to play key role in category development
Coffee consumption is a key driver of sales of other dairy products in Vietnam. Coffee is one of the most popular drinks in the country, where the drink is affordable and widely available through retail and foodservice thanks to Vietnam’s position as a coffee producer.
Retail modernisation and expanding use of refrigeration appliances to boost category development
The modernisation of retailing and the increasing popularity of refrigeration appliances in households during the forecast period are expected to drive a demand for cream through the retail channel. Cream is growing well in terms of out-of-home consumption, being widely used in foodservice channels, such as in bubble tea shops, which are more and more popular amongst young consumers.
Emergence of organic products and new product development in condensed milk
Over the forecast period, the key players in other dairy are expected to introduce organic products, in line with the rising health and wellness trend in Vietnam. The demand for organic products is anticipated to see significant growth in the forecast period, albeit from a relatively insignificant starting point.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Dairy industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Other Dairy industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Other Dairy in Vietnam report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Other Dairy in Vietnam?
- Which are the leading brands in Other Dairy in Vietnam?
- How are products distributed in Other Dairy in Vietnam?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Other Dairy?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Vietnam?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Other Dairy in Vietnam - Category analysis
KEY DATA FINDINGS
Plain condensed milk remains dominant despite innovation
Foodservice plays key role in development of trends
Vinamilk set to consolidate dominant position
Coffee to continue to play key role in category development
Retail modernisation and expanding use of refrigeration appliances to boost category development
Emergence of organic products and new product development in condensed milk
Dairy Products and Alternatives in Vietnam - Industry Overview
Dairy products and alternatives in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for dairy products and alternatives?
DISCLAIMER
Other Dairy
This is the aggregation of chilled and shelf stable desserts, chilled snacks, coffee whiteners, condensed/evaporated milk, cream, and fromage frais and quark.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Other Dairy research and analysis database.
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