Market Forecast By Ingredient (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Form (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Others), By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Others), By End user (Adults, Geriatric, Pregnant Women, Children, Infants), By Distribution Channel (OTC, Prescribed) And Competitive Landscape
Product Code: ETC010010 | Publication Date: Oct 2020 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Vietnam Dietary Supplements Market |
Forecast period | 2025-2031 |
CAGR | 6.9% |
Growing Sector | Health & Wellness Sector |
The Vietnam Dietary Supplements Market report thoroughly covers the marketing ingredients, form, application, end users, and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Vietnam dietary supplements market has experienced significant growth over recent years. The market is driven by increasing health awareness, rising disposable income, and changing lifestyles. There is a growing preference among health-conscious people for products that support immunity, enhance overall well-being, and address specific health concerns. Additionally, the growing middle class and wealthy individuals are also contributing to the growth of the dietary supplement market, as their awareness levels have increased compared to earlier times. This market has a diverse range of offers, including vitamins, minerals, and herbal supplements, and it continues to attract investments and innovation. That is how the Vietnam supplement market positioned itself as a key player in the health and wellness industry.
According to 6Wresearch, the Vietnam Dietary Supplement Market is anticipated to grow at a CAGR of 6.9% during the period 2025-2031. The Vietnam dietary supplements market has witnessed significant growth recently. An increasing awareness of health and wellness among its population drives the growth of this market. Urban lifestyles and rising expandable incomes have encouraged consumers to invest in products that support their overall well-being. In the post-pandemic era, people prioritize taking immunity-boosting supplements. Moreover, the aging population has been a major driver of the growing demand for supplements. They generally develop age-related health concerns, such as bone density, cardiovascular health, and general vitality. The adoption of e-commerce platforms in the region has further made these products more accessible for all the target audiences.
However, the Vietnam dietary supplements market also faces several challenges that may hinder its growth potential in the future. One of the major issues is the lack of strict regulatory frameworks, which has encouraged fraudsters to manufacture counterfeit or substandard products, thereby undermining consumer confidence in the market. Furthermore, the market is limited to rural areas, while the rural areas lack both awareness and affordability because the rural population has lower incomes compared to urban areas. Furthermore, there should be government initiatives to educate about the appropriate use of dietary supplements, leading to potential misuse or overconsumption. Building a more trustworthy market environment in Vietnam is a key strategy to address the challenges.
Civilians People are becoming increasingly health-conscious, which is driving demand for dietary supplements to enhance wellness and prevent illnesses. Rising disposable income among the middle class has further boosted spending on health-related products, while the expansion of e-commerce has made these supplements more accessible nationwide. A growing preference for natural and organic ingredients reflects consumer priorities for safety and sustainability, and the aging population continues to drive demand for supplements targeting bone health, immunity, and age-related concerns. The government, through favourable regulations and promotions, has created a positive environment for manufacturers, while the emergence of local brands offering affordable, high-quality products has introduced strong competition to international players.
The Vietnam dietary supplements market presents a growing opportunity for investors due to rising health awareness and an increasing middle-class population. It is difficult for new companies to enter the market because there are already established players. As the number of consumers prioritizing preventative healthcare rises, demand for supplements such as vitamins, minerals, and products increases, respectively. The government's financial support for foreign investments has also been beneficial. The demographics of the population, particularly those over 50 and those with a high level of education, further enhance the potential of the market. The supplement market has expanded in Vietnam due to strategic partnerships among companies, the adoption of localized branding, and commerce penetration. These sections are key avenues for tapping into this dynamic market.
The Vietnam dietary supplements market is buzzing with competition, with several major players driving its growth. Companies, like Amway, USANA, and SANA, have built a strong presence in the world. Amway has established a reputation for providing high-quality products and wellness supplements, positioning itself as an independent provider of weight management solutions. Simultaneously, local brands such as Traphaco and DHG Pharma are making their mark in this industry. Traphaco has emphasized the blending of traditional medicine product techniques, which made it a trusted brand among the Vietnamese. Vietnam's pharmaceutical industry has focused on innovation with research and development to add value to their products. These companies are constantly expanding, utilizing all necessary resources to remain competitive in the market for an extended period.
The Vietnamese government has implemented an inclusive regulatory framework to ensure the safety, quality, and efficacy of dietary supplements in the market. The Ministry of Health oversaw the entire approval and monitoring process, mandating the registration of all dietary supplements before their distribution. To obtain complete certifications and licenses, manufacturers and importers are required to adhere to strict labeling requirements, which include listing all ingredients along with their quantities, providing health warnings, and obtaining certifications for Good Manufacturing Practices (GMP) licenses. Moreover, the claims of health benefits of supplements are closely and carefully examined to prevent misleading advertisements. To maintain the integrity of the market, regular inspections and quality control measures are enforced to protect consumers’ health and trust. This regulatory surveillance aims to foster a safe and transparent environment for both businesses and consumers in Vietnam. So that consumers do not get scammed and have the best quality of products.
The future of Vietnam dietary supplements market is poised for significant growth in the coming years, driven by rising consumer awareness about health and wellness. Factors such as increasing disposable incomes, an aging population, and growing concerns about nutrient deficiencies are expected to fuel demand. Additionally, the market will likely benefit from advancements in product innovation, including plant-based supplements and personalized nutrition solutions. With a greater emphasis on regulatory compliance and quality standards, the Vietnamese dietary supplements industry is positioned to attract more international players, further enhancing the growth trajectory.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, the dietary supplement market in Vietnam is projected to witness robust growth, with vitamins and botanicals expected to dominate due to their crucial role in boosting immunity and promoting overall health. Mines, proteins, and amino acids are also gaining traction, especially among fitness enthusiasts and individuals focusing on energy and muscle recovery. Special ingredients like fibres, omega fatty acids, and probiotics are further broadening the market, catering to specific health concerns and niche demands.
We anticipate tablets and capsules to lead the dietary supplement market in Vietnam due to their ease of use, portability, and longer shelf life. The other popular forms are powders and gummies, particularly among younger consumers, due to the flavourful options and flexibility in consumption. Infants and the elderly are increasingly choosing liquid supplements due to their ease of intake and ability to address specific nutritional needs.
The demand for dietary supplements in Vietnam is largely driven by applications aimed at general health and immunity, as consumers place greater emphasis on preventive healthcare. Supplements for energy and weight management are also gaining momentum, influenced by the shift toward more active lifestyles. Additionally, products that focus on bone & joint health, cardiovascular health, gastrointestinal health, and diabetes are expanding the market, showcasing the diverse health concerns dietary supplements can address.
Adults constitute the largest consumer base for dietary supplements in Vietnam, driven by growing awareness of wellness and preventive health practices. The geriatric population, which is over 50 years old, is also a significant driver, with increasing demand for supplements addressing age-related issues such as bone health, heart health, and digestion. Meanwhile, products tailored for pregnant women and children are gaining traction, offering targeted solutions to meet their specific nutritional requirements.
Due to easy accessibility and the absence of prescription requirements Over-the-counter (OTC) dietary supplements are set to dominate the Vietnamese market. These are widely available in retail outlets, pharmacies, and through e-commerce platforms. These supplements offer consumers convenient options for achieving their nutritional goals in various forms, including tablets, powders, and liquids. The growing presence of online health-focused platforms and e-pharmacies is further boosting market growth in Vietnam.
The report offers a comprehensive study of the subsequent market segments:
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 Dietary Supplements Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Dietary Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Dietary Supplements Market - Industry Life Cycle |
3.4 Vietnam Dietary Supplements Market - Porter's Five Forces |
3.5 Vietnam Dietary Supplements Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.6 Vietnam Dietary Supplements Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Vietnam Dietary Supplements Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Dietary Supplements Market Revenues & Volume Share, By End user, 2021 & 2031F |
3.9 Vietnam Dietary Supplements Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Dietary Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Dietary Supplements Market Trends |
6 Vietnam Dietary Supplements Market, By Types |
6.1 Vietnam Dietary Supplements Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Dietary Supplements Market Revenues & Volume, By Ingredient, 2021 - 2031F |
6.1.3 Vietnam Dietary Supplements Market Revenues & Volume, By Vitamins, 2021 - 2031F |
6.1.4 Vietnam Dietary Supplements Market Revenues & Volume, By Botanicals, 2021 - 2031F |
6.1.5 Vietnam Dietary Supplements Market Revenues & Volume, By Minerals, 2021 - 2031F |
6.1.6 Vietnam Dietary Supplements Market Revenues & Volume, By Proteins & Amino Acids, 2021 - 2031F |
6.1.7 Vietnam Dietary Supplements Market Revenues & Volume, By Fibers & Specialty Carbohydrates, 2021 - 2031F |
6.1.8 Vietnam Dietary Supplements Market Revenues & Volume, By Omega Fatty Acids, 2021 - 2031F |
6.2 Vietnam Dietary Supplements Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Dietary Supplements Market Revenues & Volume, By Tablets, 2021 - 2031F |
6.2.3 Vietnam Dietary Supplements Market Revenues & Volume, By Capsules, 2021 - 2031F |
6.2.4 Vietnam Dietary Supplements Market Revenues & Volume, By Soft gels, 2021 - 2031F |
6.2.5 Vietnam Dietary Supplements Market Revenues & Volume, By Powders, 2021 - 2031F |
6.2.6 Vietnam Dietary Supplements Market Revenues & Volume, By Gummies, 2021 - 2031F |
6.2.7 Vietnam Dietary Supplements Market Revenues & Volume, By Liquids, 2021 - 2031F |
6.3 Vietnam Dietary Supplements Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Dietary Supplements Market Revenues & Volume, By Energy & Weight Management, 2021 - 2031F |
6.3.3 Vietnam Dietary Supplements Market Revenues & Volume, By General Health, 2021 - 2031F |
6.3.4 Vietnam Dietary Supplements Market Revenues & Volume, By Bone & Joint Health, 2021 - 2031F |
6.3.5 Vietnam Dietary Supplements Market Revenues & Volume, By Gastrointestinal Health, 2021 - 2031F |
6.3.6 Vietnam Dietary Supplements Market Revenues & Volume, By Immunity, 2021 - 2031F |
6.3.7 Vietnam Dietary Supplements Market Revenues & Volume, By Cardiac Health, 2021 - 2031F |
6.3.8 Vietnam Dietary Supplements Market Revenues & Volume, By Others, 2021 - 2031F |
6.3.9 Vietnam Dietary Supplements Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Vietnam Dietary Supplements Market, By End user |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Dietary Supplements Market Revenues & Volume, By Adults, 2021 - 2031F |
6.4.3 Vietnam Dietary Supplements Market Revenues & Volume, By Geriatric, 2021 - 2031F |
6.4.4 Vietnam Dietary Supplements Market Revenues & Volume, By Pregnant Women, 2021 - 2031F |
6.4.5 Vietnam Dietary Supplements Market Revenues & Volume, By Children, 2021 - 2031F |
6.4.6 Vietnam Dietary Supplements Market Revenues & Volume, By Infants, 2021 - 2031F |
6.5 Vietnam Dietary Supplements Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Dietary Supplements Market Revenues & Volume, By OTC, 2021 - 2031F |
6.5.3 Vietnam Dietary Supplements Market Revenues & Volume, By Prescribed, 2021 - 2031F |
7 Vietnam Dietary Supplements Market Import-Export Trade Statistics |
7.1 Vietnam Dietary Supplements Market Export to Major Countries |
7.2 Vietnam Dietary Supplements Market Imports from Major Countries |
8 Vietnam Dietary Supplements Market Key Performance Indicators |
9 Vietnam Dietary Supplements Market - Opportunity Assessment |
9.1 Vietnam Dietary Supplements Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.2 Vietnam Dietary Supplements Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Vietnam Dietary Supplements Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Dietary Supplements Market Opportunity Assessment, By End user, 2021 & 2031F |
9.5 Vietnam Dietary Supplements Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Dietary Supplements Market - Competitive Landscape |
10.1 Vietnam Dietary Supplements Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Dietary Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |