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Vietnam’s ice cream market is set for a strong recovery following a period of slowdown caused by broader economic pressures, with industry value projected to climb from USD 496.0 million in 2025 to USD 716.1 million by 2030, representing a CAGR of 7.62%. Demand is underpinned by the enduring appeal of ice cream as a moment of indulgence and refreshment, particularly appealing in Vietnam’s consistently hot and humid climate. This climatic backdrop ensures a steady baseline of consumption, while the category’s positioning as an affordable treat has helped it regain momentum among consumers eager to enjoy small luxuries despite lingering economic constraints.
Brands are increasingly tailoring offerings to value-conscious households, introducing smaller and more affordable pack sizes that align with tightened snack budgets. Simultaneously, product innovation is broadening flavour diversity, aimed at capturing a wider spectrum of consumer tastes across different age and income groups. The segment continues to thrive as an impulse-driven category, with its positioning as an indulgent snack strengthening repeat purchases.
Although ice cream largely retains its status as a “treat” rather than a “health” food, the emergence of premium independent outlets has begun to introduce alternatives such as low-sugar and plant-based varieties. While these remain a niche within the market, they signal a potential shift in preferences as health consciousness slowly builds among urban consumers. With sustained economic improvement expected to support discretionary spending, the interplay of affordability, indulgence, and evolving health trends is likely to shape Vietnam’s ice cream industry trajectory over the next decade.
This report provides a strategic analysis of the Vietnam ice cream market, examining historical trends from 2020 to 2024 and forecasting developments through 2030. It assesses market size, growth trajectories, and key drivers of change, offering a comprehensive view of the industry’s future. By dissecting the market into product type, category and distribution channel, the report identifies high-potential opportunities and actionable strategies for market players to thrive in a competitive landscape.
This report provides a detailed assessment of the Vietnam ice cream market, including historical data and forward-looking projections through 2030. It breaks down the industry by product type, category and distribution channel, with compound annual growth rates (CAGRs) for both past performance and forecast periods. By analyzing growth trajectories, the study pinpoints high-opportunity segments to inform strategic investments.
Beyond quantitative indicators, the report provides qualitative insights into emerging market dynamics. Drawing on expert interviews and macroeconomic context, it analyzes the underlying causes of market expansion and contraction. Evolving consumer preferences, and environmental regulations are examined as structural forces shaping the competitive landscape. The report also highlights fast-growing sub-segments and untapped innovation-driven opportunities across the value chain.
The report also delivers a comprehensive evaluation of market share changes and core brand performance among leading players from 2020 to 2024. It reveals competitive dynamics and trends in market concentration, providing granular market share comparisons and trend analyses. This equips users to better understand competitive advantages and challenges, thereby informing differentiated market strategies and investment decisions with robust empirical evidence.
The Vietnam ice cream market is categorized into the following segments:
Product type – e.g., impulse ice cream, take-home ice cream
Category – e.g., dairy ice cream, water ice cream
Distribution channel – e.g., convenience stores, foodservice channels, hypermarkets, small grocery stores, supermarkets, others
In addition to core market data, the report incorporates key socio-economic indicators that provide essential context for interpreting market dynamics. These include population trends, the Consumer Price Index (CPI), Gross Domestic Product (GDP), per capita consumption (expressed in USD), and consumer spending as a percentage of GDP. Together, these metrics offer a macroeconomic backdrop that enhances the strategic relevance of the market size figures, helping stakeholders better assess demand potential and long-term growth opportunities.
Market share analysis is included for the ice cream industry in Vietnam, shedding light on the relative scale and market presence of major firms. Leading companies include:
Binggrae Co., Ltd.
China Mengniu Dairy Co. Ltd.
KIDO Corporation
Lotte Corporation
Nestle S.A.
Phan Nam Monterosa Trading JSC
Thuy Ta JSC (TTJ)
Trang Tien Ice Cream JSC
Unilever PLC
Vietnam Dairy Products Joint Stock Company (Vinamilk)
This report provides market share data for leading players in the overall ice cream market, as well as in key segments including impulse ice cream and take-home ice cream.
Market share analysis covered in the report:
Vietnam impulse ice cream market share
Vietnam take-home ice cream market share
Access accurate and up-to-date market size data for the Vietnam ice cream sector.
Obtain granular insights across key segments, including product type, category and distribution channel.
Understand the underlying market dynamics through expert-driven analysis of growth drivers, barriers, and structural shifts.
Identify attractive investment areas by tracking fast-growing categories and emerging consumption patterns.
Evaluate the competitive landscape to support timing, positioning, and strategic decision-making.
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Full EXCEL databook with year-by-year figures and multi-dimensional segmentation from 2020 to 2030
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Vietnam Ice Cream Market – Product Type Analysis
Vietnam Ice Cream Market – Category Analysis
Vietnam Ice Cream Market – Distribution Channel Analysis
Company Shares Analysis
Binggrae Co., Ltd.
China Mengniu Dairy Co. Ltd.
KIDO Corporation
Lotte Corporation
Nestle S.A.
Phan Nam Monterosa Trading JSC
Thuy Ta JSC (TTJ)
Trang Tien Ice Cream JSC
Unilever PLC
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Vietnam Ice Cream Market 2020-2030
Chart Vietnam Ice Cream Market, Net Growth, 2020-2030
Chart Vietnam Ice Cream Market, Growth Rates, 2020-2030
Table Vietnam Ice Cream Market by Product Type, 2020-2030
Chart Vietnam Ice Cream Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Vietnam Ice Cream Market by Product Type, 2020-2030
Table Vietnam Ice Cream Market by Category, 2020-2030
Chart Vietnam Ice Cream Market by Category, CAGR Historic and Forecast, 2020-2030
Chart Vietnam Ice Cream Market by Category, 2020-2030
Table Vietnam Ice Cream Market by Distribution Channel, 2020-2030
Chart Vietnam Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Vietnam Ice Cream Market by Distribution Channel, 2020-2030
Table Vietnam Ice Cream Market Share (%), by Companies, 2020-2024
Chart Vietnam Ice Cream Market, by Companies, 2024
Table Vietnam Ice Cream Market Share (%), by Brands, 2020-2024
Chart Vietnam Ice Cream Market, by Brands, 2024
Table Vietnam – Population (Millions) and Forecast
Table Vietnam – Consumer Price Index (CPI) and Forecast
Table Vietnam – Gross Domestic Product and Forecast
Table Vietnam Ice Cream Market: Spend as a Proportion of GDP (%)
Table Vietnam Ice Cream Market: Consumption per Capita (Population)
| Product Type | Market Research |
|---|---|
| Region | Asia Pacific |
| Published Date | 2025 |
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