Vietnam’s dairy sector has immense potential for
development and is currently being eyed by both local and foreign investors.
Factors such as rising domestic demand, increasing affinity for Western
cuisine, heavy investments and one of the lowest per capita milk consumption in
the region are boosting the sector. The domestic milk production in Vietnam is
not being able to keep up with the rising local demand. The milk production of
456.400 tonnes in 2013 was able to meet only 28% of the domestic demand. While
the milk production in the country has grown by 26.6% annually in the period
2001-2014 and reached 5,49,500 tones in 2014, it is still insufficient to meet
the domestic demand.
With low cattle numbers and domestic production,
Vietnam is heavily reliant on milk imports. In 2013, milk and milk products
imports were valued at USD 1.1 billion, a rise of 130% compared to the previous
year. This figure is expected to reach USD 3.6 billion by 2045. Vietnam
currently exports dairy products to more than 29 foreign markets.
The sector is stepping up modernization of the dairy
farms at a rapid rate and is planning to increase the number of milk cows to
240,000 by 2015.Vietnam plans to meet 60% of domestic demand for fresh milk for
the country’s projected population of approximately 113 million by 2045. To
meet this target, the country needs to develop a herd capable of producing 5.65
million tonnes of milk annually
Why should the
report be purchased?
The report ‘Assessment
of Vietnam's Dairy Sector 2016’ highlights key dynamics ofVietnam's
dairysector. The growing opportunity in the sector has been investigated along
with current market scenario has also been examined. The report has profiles of
key players in the market includingVinamilk, Nestle, Danone, Groupe Bel,
FrieslandCampina, Fonterra Co-operative Group Limited. The report contains
latest industry leader’s opinions.
Research methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key public industry sources and
publications has been scanned and analyzed impartially to present a clear
picture of the industry. All recent developments which impact the sector
dynamics have been captured and used to support the research hypothesis.
Spanning over 35 pages “Assessment of Vietnam's Dairy Sector 2016” report
covers Vietnam Country Snapshot, Vietnam Dairy Sector, Market Drivers,
Challenges, Competitive Landscape, Outlook, Research Methodology. The report
covered companies are - Vinamilk, Nestle, Danone, Groupe Bel, FrieslandCampina,
Fonterra Co-operative Group Limited
For more information Visit at: http://mrr.cm/ojf
Find all Dairy
Products Report at: http://www.marketresearchreports.com/dairy-products
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