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Press Release

Dairy Products Exhibiting Rapid Growth in Vietnam Food Retail Market

Vietnam’s rapid economic growth and large consumer base are the main driving forces behind fast growing dairy products demand, says RNCOS.

Noida, UP -- (ReleaseWire) -- 11/18/2014 -- Vietnam’s dairy demand as a crucial supplementary nutrition source is significantly increasing. The trend is reflected in the growth of dairy revenue of Vietnamese producers at a steady rate over the years. Noticeable increase in the domestic demand of dairy products coupled with supportive government policies is leading to the development of the dairy sector in the country.

Vietnam represents a big dairy market in lieu of factors like rapid economic growth, growing population and increasingly compelling investment environment. Our report states that dairy products occupies prominent share in the packaged food retail sales. Over the years it has been showing a very promising level of growth pattern as well. Although, as domestic production cannot meet with the consumption level, Vietnam’s dairy market is still dominated by imported products. Together with above factors, the government initiatives like National Dairy Development Plan (NDDP), is leading to an increased milk production and hence is boosting the dairy product sales in the country.

The report, “Vietnam Retail Market Outlook 2018”, by RNCOS spread in 90 pages provides detailed analysis of the Vietnam Retail Industry. The report has been divided into various segments like retail sales by industry, region, ownership, retail format and economic activity, for which forecasts have been provided till 2018.

The Industry level segment focuses on the food and non-food sectors in Vietnam Retail. Food retail mainly revolves around packaged food segments like, dried processed food, dairy, bakery, etc. On the other hand, the non-food retail provides sales of Vietnamese consumers for clothing, footwear, etc. Further, the retail sales by region and ownership, gives an idea about the retail sales of goods and services in various regions and by the state-owned, non-state-owned and foreign-owned companies of the country, respectively. Finally, to throw a light on retail sales from trade, hotel & restaurant, and tourism & services, a segment on economic activity has also been added.

The report also describes the industry trends such as modern retailing, thriving e-commerce in retail, etc. Furthermore, the report covers government regulations, along with the challenges hindering the growth of this industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

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Vartika Sehgal
Sr. Research Specialist
Telephone: 91-120-4224-700
Email: Click to Email Vartika Sehgal

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