Vietnam Dairy Sector Studied by SRI in Inightful Research Report Recently Uploaded at MarketPublishers.com15 Jun 2015 • by Natalie Aster
LONDON – Currently, the Vietnamese dairy market is viewed as an attractive sector for domestic as well as overseas investors, owing to its great potential and glowing prospects for development. The dairy market in Vietnam is propelled by high local demand for dairy products, rising affinity for Western cuisine, immense investment and the lowest per capita milk consumption in the region.
Nowadays, the Vietnamese dairy sector is experienceing undersupply, the production of dairy products in the country does not meet the local demand. For instance, in the year 2013, the country’s milk production reached 456.400 tonnes, satisfying only 28% of the local demand.
Therefore, the Vietnamese dairy sector is highly dependent on imported milk. Thus, imports of milk and milk products in 2013 amounted to USD 1.1 billion, registering a 130% y-o-y rise. This figure is anticipated to rise up to USD 3.6 billion by 2045. As for milk products exports, Vietnam presently supplies dairy products to 29 country-markets.
The dominant companies in the Vietnamese dairy market comprise Vinamilk, Danone, FrieslandCampina, Nestle, Groupe Bel, Fonterra Co-operative Group Limited.
Meanwhile, the Vietnamese dairy sector is gaining momentum with plans to modernize the dairy farms and to increase cow population in the years to come.
In-demand research report “Studying Vietnam's Dairy Sector 2015” elaborated by Smart Research Insights (SRI) includes a detailed examination of the Vietnam dairy market, highlights the market dynamics and characterises the key growth drivers and restraints.
The research report features the competitive landscape within the country’s market, provides detailed profiles of key players in the market. The study offers an all-encompassing analysis of the emerging trends and major growth challenges. Furthermore, the study estimates annual growth rates of the dairy market in Vietnam, contains a thorough examination of the key market segments performance. Beside that, the publication includes descriptions of possible future development scenarios.
Studying Vietnam's Dairy Sector 2015
Date: May, 2015
Price: US$ 800.00
To find other insightful market research reports by the publisher, please, visit Smart Research Insights page.