Vietnam Dairy Market (2026-2032) | Forecast, Analysis, Competitive Landscape, Growth, Trends, Share, Companies, Segmentation, Value, Outlook, Industry, Size & Revenue
Market Forecast By Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Yogurt), By Distribution Channel (Off-Trade, On-Trade) And Competitive Landscape
| Product Code: ETC10072054 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Vietnam Dairy Market Growth Rate
According to 6Wresearch internal database and industry insights, the Vietnam Dairy Market is projected to grow at a compound annual growth rate (CAGR) of 7.8% during the forecast period (2026–2032).
Five-Years Growth Trajectory of the Vietnam Dairy Market with Core Drivers
Below is the evaluation of the year-wise growth rate along with key drivers:
| Years | Estimated Annual Growth (%) | Growth Drivers |
| 2021 | 6.5% | Rising demand for dairy products, especially milk and yogurt, due to increasing health consciousness. |
| 2022 | 6.7% | Growth in consumer spending and preference for premium dairy products. |
| 2023 | 7.1% | Enhanced dairy product availability via improved distribution networks across urban and rural areas. |
| 2024 | 7.5% | Dairy farming and infrastructure are receiving strong support through government-backed initiatives. |
| 2025 | 7.6% | The demand for functional dairy products, which includes fortified milk and probiotic yogurt, is rising |
Topics Covered in the Vietnam Dairy Market Report
The Vietnam Dairy Market report thoroughly covers the market by category and distribution channel. The report provides a detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders align strategies according to current and future market dynamics.
Vietnam Dairy Market Highlights
| Report Name | Vietnam Dairy Market |
| Forecast Period | 2026–2032 |
| CAGR | 7.8% |
| Growing Sector | Food and Beverage |
Vietnam Dairy Market Synopsis
The demand for dairy products like milk, cheese, and yogurt is rising as more consumers seek healthier food options. The expanding middle class and rising disposable incomes are driving the demand for premium dairy products. Government-backed initiatives that improve dairy farming and supply chains are opening growth prospects in rural regions. The increasing consumer demand for functional dairy products which include probiotic yogurt and fortified milk is expanding the market.
Evaluation of Growth Drivers in the Vietnam Dairy Market
Below are some prominent drivers and their influence on the market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Rising Dairy Consumption | By Category, By Distribution Channel | Boosts demand for dairy products, particularly in urban regions. |
| Health Awareness & Wellness | By Category, By Distribution Channel | Raises demand for low-fat, high-protein, and functional dairy products. |
| Government Initiatives | By Category, By Distribution Channel | Encourages dairy farming, improves distribution infrastructure, and promotes local production. |
| Increasing Urbanization | By Distribution Channel, By Category | Raises demand for dairy products in urban centers with larger consumer bases. |
| Growth in Disposable Incomes | By Category, By Distribution Channel | Expanding interest in premium dairy products such as specialty cheese and organic milk. |
The Vietnam Dairy Market Size is projected to grow significantly with a CAGR of 7.8% during the forecast period of 2026-2032. The need for dairy products including milk, cheese and yogurt is increasing as more people want healthier food options. Along with this, urban areas are also expanding contributing to Vietnam Dairy Market Growth. This expansion is further supported by government programs that support dairy farming while providing better supply chain systems. Now the consumers also have higher disposable income, which has raised their purchasing power, creating demand for more premium dairy products for both high-quality and functional dairy items. The market expansion continues as consumers prefer both organic and fortified products which hugely benefits the dairy industry in Vietnam.
Evaluation of Restraints in the Vietnam Dairy Market
Below are some prominent restraints and their influence on the market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Cost of Premium Dairy Products | By Category, By Distribution Channel | Limits the market's capacity to meet growing demand, particularly in rural regions. |
| Limited Dairy Production Capacity | By Category, By Distribution Channel | Restricts the market's ability to meet rising demand, especially in rural areas. |
| Competition from Plant-Based Alternatives | By Category, By Distribution Channel | Could hinder the growth of traditional dairy products, especially among health-conscious consumers. |
| Climate Change and Agricultural Risks | By Category, By Distribution Channel | Impacts dairy farming productivity and affects supply, especially in rural areas. |
Vietnam Dairy Market Challenges
The elevated price of premium dairy products restricts access for consumers with lower incomes. Limited production capacity and competition from plant-based alternatives are also barriers. Climate change and agricultural risks are reducing dairy productivity, especially in rural areas. Price fluctuations and supply chain disruptions make it harder for producers to meet rising demand, restricting the availability of dairy products in some regions. These factors collectively hinder market growth and affect product accessibility.
Vietnam Dairy Market Trends
Some major trends contributing to the Vietnam Dairy Market growth are:
- Increased Demand for Functional Dairy Products: Consumers are choosing functional dairy products which include fortified milk and probiotic yogurt as these products provide health advantages.
- Expansion of Dairy in Rural Markets: Distribution networks have been improved to provide better access to dairy products in rural areas which enables them to meet increasing consumer demand.
- Growth in Plant-Based Dairy Alternatives: Plant-based dairy products are experiencing greater popularity as health-conscious consumers do not want to buy dairy products.
- Premiumization of Dairy Products: Consumers now prefer premium dairy products which include organic milk and specialty cheese as disposable incomes have increased.
Investment Opportunities in the Vietnam Dairy Market
Below are major investment opportunities anticipated to increase market share:
- Investment in Dairy Production: With growing demand for dairy products, investing in dairy farms and local production facilities can help meet consumer needs.
- Advancements in Functional Dairy Products: Developing fortified milk, probiotic yogurt, and other functional dairy products poses significant growth opportunity.
- Sustainability in Dairy Farming: Funding in environmentally sustainable farming methods will attract customers who appreciate eco-friendly practices.
- Expansion of Dairy Alternatives: The growing popularity of plant-based dairy alternatives form new business opportunities via investments in their production and distribution.
Top 5 Leading Players in the Vietnam Dairy Market
Below is the list of prominent companies leading the Vietnam Dairy Industry:
1. Vinamilk
| Company Name | Vinamilk |
| Established Year | 1976 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | Click Here |
Vinamilk is the largest dairy producer in Vietnam, offering a wide variety of dairy products such as milk, yogurt, and cheese. It is known for its strong market presence both domestically and internationally.
2. FrieslandCampina Vietnam
| Company Name | FrieslandCampina Vietnam |
| Established Year | 1995 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | - |
FrieslandCampina Vietnam is a subsidiary of the global dairy company FrieslandCampina. It offers a range of dairy products, including milk, yogurt, and cheese, and is recognized for its commitment to quality and sustainability.
3. Dairy Vietnam (Dairy Group)
| Company Name | Dairy Vietnam (Dairy Group) |
| Established Year | 2005 |
| Headquarters | Hanoi, Vietnam |
| Official Website | - |
Dairy Vietnam is a significant player in the local dairy market, known for producing a wide range of dairy products, including fresh milk and yogurt, catering primarily to the Vietnamese market.
4. Nestlé Vietnam
| Company Name | Nestlé Vietnam |
| Established Year | 1995 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Official Website | Click Here |
Nestlé Vietnam is part of the global Nestlé brand, offering a variety of dairy products including milk, yogurt, and nutrition products. It is one of the leading brands in Vietnam's dairy sector, renowned for its innovation and quality.
5. Tetra Pak Vietnam
| Company Name | Tetra Pak Vietnam |
| Established Year | 1997 |
| Headquarters | Hanoi, Vietnam |
| Official Website | Click Here |
Tetra Pak Vietnam specializes in dairy packaging and is a key player in the Vietnamese dairy market, providing packaging solutions for milk and other dairy products while ensuring product safety and quality.
Government Regulations in the Vietnam Dairy Market
According to Vietnamese government data, several regulations have been introduced to ensure the safety and quality of dairy products. The Ministry of Agriculture and Rural Development (MARD) looks over at the dairy farming practices and product standards, enforcing hygiene and safety measures. The government also supports dairy industry growth via subsidies, incentives for sustainable farming practices, and improving milk collection systems. Additionally, regulations surrounding food labeling and packaging ensure consumer protection and product transparency.
Future Insights of the Vietnam Dairy Market
The Vietnam Dairy Market Share is set to grow strongly, driven by rising consumer requirement for both traditional and functional dairy products. Government initiatives aiding local dairy production, along with better distribution networks, will further drive market expansion. As consumers become more health-conscious, the requirement for organic and fortified dairy products will continue to rise, creating new opportunities for product development and innovation. Additionally, improvements in dairy farming and infrastructure will enhance market sustainability and access.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories:
By Category – Milk to Lead the Market
According to Rashika, Senior Research Analyst, 6Wresearch, Milk remains the dominant dairy product in the Vietnam Dairy Market, with both fresh and packaged milk experiencing strong demand, particularly from health-conscious consumers looking for organic and fortified options.
By Distribution Channel – Off-Trade to Lead the Market
Supermarkets, hypermarkets, and grocery stores lead the off-trade sales of dairy products, driven by the increasing requirement for premium and organic dairy options. Urbanization and the shift towards healthier products are pushing the growth of the off-trade channel.
Key Attractiveness of the Report
- 10 Years of Market Numbers
- Historical Data Starting from 2022 to 2025
- Base Year: 2025
- Forecast Data until 2032
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Vietnam Dairy Market Outlook
- Market Size of Vietnam Dairy Market, 2025
- Forecast of Vietnam Dairy Market, 2032
- Historical Data and Forecast of Vietnam Dairy Revenues & Volume for the Period 2022- 2032
- Vietnam Dairy Market Trend Evolution
- Vietnam Dairy Market Drivers and Challenges
- Vietnam Dairy Price Trends
- Vietnam Dairy Porter's Five Forces
- Vietnam Dairy Industry Life Cycle
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Category for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Butter for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Cheese for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Cream for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Dairy Desserts for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Milk for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Yogurt for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Distribution Channel for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By Off-Trade for the Period 2022- 2032
- Historical Data and Forecast of Vietnam Dairy Market Revenues & Volume By On-Trade for the Period 2022- 2032
- Vietnam Dairy Import Export Trade Statistics
- Market Opportunity Assessment By Category
- Market Opportunity Assessment By Distribution Channel
- Vietnam Dairy Top Companies Market Share
- Vietnam Dairy Competitive Benchmarking By Technical and Operational Parameters
- Vietnam Dairy Company Profiles
- Vietnam Dairy Key Strategic Recommendations
Market Covered
The report subsequently covers the market by following segments and subsegments:
By Category
- Butter
- Cheese
- Cream
- Dairy Desserts
- Milk
- Yogurt
By Distribution Channel
- Off-Trade
- On-Trade
Vietnam Dairy Market (2026-2032): FAQs
The market is expected to grow at a CAGR of 7.8% during the forecast period (2026–2032).
Surging dairy consumption, rising health awareness, and government support for dairy farming are key drivers of market growth.
High production costs, limited dairy production capacity, and competition from plant-based dairy alternatives are the major challenges faced by the market.
The dairy and food processing sectors are the main contributors, fueled by surging consumer requirement for diverse dairy products.
6Wresearch actively monitors the Vietnam Dairy Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Vietnam Dairy Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Dairy Market Overview |
| 3.1 Vietnam Country Macro Economic Indicators |
| 3.2 Vietnam Dairy Market Revenues & Volume, 2022 & 2032F |
| 3.3 Vietnam Dairy Market - Industry Life Cycle |
| 3.4 Vietnam Dairy Market - Porter's Five Forces |
| 3.5 Vietnam Dairy Market Revenues & Volume Share, By Category, 2022 & 2032F |
| 3.6 Vietnam Dairy Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
| 4 Vietnam Dairy Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing consumer awareness of the health benefits of dairy products |
| 4.2.2 Rising disposable income leading to greater spending on premium dairy products |
| 4.2.3 Growing urbanization and changing lifestyle preferences favoring convenience foods |
| 4.3 Market Restraints |
| 4.3.1 Price volatility of raw materials such as milk |
| 4.3.2 Competition from alternative beverages like plant-based milk |
| 4.3.3 Regulatory challenges related to quality standards and food safety |
| 5 Vietnam Dairy Market Trends |
| 6 Vietnam Dairy Market, By Types |
| 6.1 Vietnam Dairy Market, By Category |
| 6.1.1 Overview and Analysis |
| 6.1.2 Vietnam Dairy Market Revenues & Volume, By Category, 2022- 2032F |
| 6.1.3 Vietnam Dairy Market Revenues & Volume, By Butter, 2022- 2032F |
| 6.1.4 Vietnam Dairy Market Revenues & Volume, By Cheese, 2022- 2032F |
| 6.1.5 Vietnam Dairy Market Revenues & Volume, By Cream, 2022- 2032F |
| 6.1.6 Vietnam Dairy Market Revenues & Volume, By Dairy Desserts, 2022- 2032F |
| 6.1.7 Vietnam Dairy Market Revenues & Volume, By Milk, 2022- 2032F |
| 6.1.8 Vietnam Dairy Market Revenues & Volume, By Yogurt, 2022- 2032F |
| 6.2 Vietnam Dairy Market, By Distribution Channel |
| 6.2.1 Overview and Analysis |
| 6.2.2 Vietnam Dairy Market Revenues & Volume, By Off-Trade, 2022- 2032F |
| 6.2.3 Vietnam Dairy Market Revenues & Volume, By On-Trade, 2022- 2032F |
| 7 Vietnam Dairy Market Import-Export Trade Statistics |
| 7.1 Vietnam Dairy Market Export to Major Countries |
| 7.2 Vietnam Dairy Market Imports from Major Countries |
| 8 Vietnam Dairy Market Key Performance Indicators |
| 8.1 Number of new product launches in the dairy market |
| 8.2 Consumer satisfaction and loyalty metrics |
| 8.3 Adoption rate of innovative packaging solutions |
| 8.4 Average daily per capita consumption of dairy products |
| 8.5 Level of investment in research and development for new dairy products |
| 9 Vietnam Dairy Market - Opportunity Assessment |
| 9.1 Vietnam Dairy Market Opportunity Assessment, By Category, 2022 & 2032F |
| 9.2 Vietnam Dairy Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
| 10 Vietnam Dairy Market - Competitive Landscape |
| 10.1 Vietnam Dairy Market Revenue Share, By Companies, 2025 |
| 10.2 Vietnam Dairy Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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