Vietnam Dairy Industry Performance Explored by SRI in Topical Research Study Available at MarketPublishers.com05 Feb 2016 • by Natalie Aster
LONDON – Currently, the Vietnamese dairy industry is considered to have immense potential for further development. This sector is attractive for both foreign and local investors. Growth in the country’s dairy market is boosted by a number of factors including rising affinity for Western cuisine, increasing domestic demand along with the lowest per capita milk consumption in the region.
However, the domestic milk production does not satisfy the constantly rising local demand. For example, in 2013 the domestic production was able to meet only 28% of the country’s demand. During 2001-2014, the Vietnamese dairy industry witnessed substantial annual growth (almost 27%), but is still insufficient to cope with demand.
This way, Vietnam is strongly dependent on milk imports. For instance, in the year 2013 the milk and milk products imports value stood at USD 1.1 billion; this figure is predicted to touch USD 3.6 billion by 2045. Meantime, the country exports its dairy products to more than 29 countries.
Furthermore, by 2045 Vietnam plans to satisfy 60% of the local demand for fresh milk owing to continuous efforts to modernise the country’s dairy industry and to increase the number of milk cows in the herd.
Market Publishers has recently added to its collection the topical report “Assessment of Vietnam's Dairy Sector 2016” worked out by Smart Research Insights (SRI). This report offers a granular analysis of the Vietnamese dairy industry performance, providing data on present and historical development as well as outlining prospects for the country’s dairy industry development in the years ahead. It contains updated statistics on the domestic dairy products production, consumption, imports and exports. The report contains an in-depth analysis of the competitive environment and includes profiles of such companies as Vinamilk, Nestle, Danone, Groupe Bel, FrieslandCampina and Fonterra Co-operative Group Limited. Moreover, the report gives a future outlook and examines the major market growth restraints, drivers, opportunities and challenges.
Assessment of Vietnam's Dairy Sector 2016
Published: January, 2016
Price: US$ 1,000.00
Other market research reports prepared by SRI are available in the company’s catalogue.