Product Code: ETC4538911 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Vietnam Functional Food Ingredients Market is on a trajectory of steady growth, propelled by a growing awareness of the link between diet and health. Consumers are increasingly seeking functional food products enriched with ingredients that offer health benefits beyond basic nutrition. The market is witnessing the incorporation of ingredients such as probiotics, omega-3 fatty acids, and vitamins into a variety of food and beverage products. Health-conscious consumers are driving the demand for functional foods, influencing manufacturers to innovate and create products that align with evolving nutritional trends.
The Vietnam functional food ingredients market is witnessing significant growth driven by several key factors. As health and wellness become a focal point for consumers, there is a growing demand for functional food products enriched with specific ingredients that offer health benefits. The increasing prevalence of lifestyle-related diseases and a desire for proactive health management are propelling the demand for functional foods. Moreover, the government`s emphasis on promoting healthier dietary choices and regulating health claims in the food industry is creating a favorable environment for the development and marketing of functional food ingredients. The food and beverage industry is responding to consumer demands by incorporating various functional ingredients like probiotics, omega-3 fatty acids, and antioxidants into their products. With consumers becoming more conscious of their dietary choices and willing to invest in products that offer health benefits, the Vietnam functional food ingredients market is poised for sustained growth in the long term.
The Vietnam Functional Food Ingredients Market faces challenges linked to consumer awareness and perception of functional foods. Effectively communicating the health benefits and addressing potential skepticism requires targeted marketing and educational campaigns. Furthermore, formulating functional food products that meet both regulatory requirements and consumer expectations demands ongoing research and development efforts, adding complexity to market dynamics.
The Functional Food Ingredients market in Vietnam witnessed shifts during the COVID-19 pandemic. With heightened awareness of health and wellness, there was increased demand for functional ingredients promoting immune health and overall well-being. The market faced challenges related to supply chain disruptions and changing consumer priorities. Market players responded by introducing innovative functional ingredients, collaborating with healthcare professionals, and emphasizing the nutritional benefits of their products.
In the Vietnam Functional Food Ingredients market, major players include Naturex (Givaudan), Vinh Hoan Corporation, and FMC Corporation. Naturex, a part of Givaudan, specializes in natural ingredients for the food industry. Vinh Hoan Corporation is a key player in providing functional ingredients, particularly in the seafood and aquaculture sectors. FMC Corporation stands out for its expertise in developing and supplying a wide range of functional food ingredients, contributing significantly to the growth of the market.
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 Functional Food Ingredients Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Functional Food Ingredients Market Revenues & Volume, 2023 & 2028F |
3.3 Vietnam Functional Food Ingredients Market - Industry Life Cycle |
3.4 Vietnam Functional Food Ingredients Market - Porter's Five Forces |
3.5 Vietnam Functional Food Ingredients Market Revenues & Volume Share, By Type, 2023 & 2028F |
3.6 Vietnam Functional Food Ingredients Market Revenues & Volume Share, By Health Benefits, 2023 & 2028F |
4 Vietnam Functional Food Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Functional Food Ingredients Market Trends |
6 Vietnam Functional Food Ingredients Market, By Types |
6.1 Vietnam Functional Food Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Functional Food Ingredients Market Revenues & Volume, By Type, 2020 - 2028F |
6.1.3 Vietnam Functional Food Ingredients Market Revenues & Volume, By Probiotics, 2020 - 2028F |
6.1.4 Vietnam Functional Food Ingredients Market Revenues & Volume, By Prebiotics, 2020 - 2028F |
6.1.5 Vietnam Functional Food Ingredients Market Revenues & Volume, By Proteins & Amino Acids, 2020 - 2028F |
6.1.6 Vietnam Functional Food Ingredients Market Revenues & Volume, By Phytochemicals & Plant Extracts, 2020 - 2028F |
6.1.7 Vietnam Functional Food Ingredients Market Revenues & Volume, By Omega-3 Fatty Acids, 2020 - 2028F |
6.1.8 Vietnam Functional Food Ingredients Market Revenues & Volume, By Carotenoids, 2020 - 2028F |
6.2 Vietnam Functional Food Ingredients Market, By Health Benefits |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Functional Food Ingredients Market Revenues & Volume, By Gut health, 2020 - 2028F |
6.2.3 Vietnam Functional Food Ingredients Market Revenues & Volume, By Cardiovascular health, 2020 - 2028F |
6.2.4 Vietnam Functional Food Ingredients Market Revenues & Volume, By Bone health, 2020 - 2028F |
6.2.5 Vietnam Functional Food Ingredients Market Revenues & Volume, By Immunity, 2020 - 2028F |
6.2.6 Vietnam Functional Food Ingredients Market Revenues & Volume, By Nutritive health, 2020 - 2028F |
6.2.7 Vietnam Functional Food Ingredients Market Revenues & Volume, By Weight management, 2020 - 2028F |
7 Vietnam Functional Food Ingredients Market Import-Export Trade Statistics |
7.1 Vietnam Functional Food Ingredients Market Export to Major Countries |
7.2 Vietnam Functional Food Ingredients Market Imports from Major Countries |
8 Vietnam Functional Food Ingredients Market Key Performance Indicators |
9 Vietnam Functional Food Ingredients Market - Opportunity Assessment |
9.1 Vietnam Functional Food Ingredients Market Opportunity Assessment, By Type, 2023 & 2028F |
9.2 Vietnam Functional Food Ingredients Market Opportunity Assessment, By Health Benefits, 2023 & 2028F |
10 Vietnam Functional Food Ingredients Market - Competitive Landscape |
10.1 Vietnam Functional Food Ingredients Market Revenue Share, By Companies, 2023 |
10.2 Vietnam Functional Food Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |