Vietnam Plant-based Dairy Market 2025

The plant-based dairy sector in Vietnam is poised for return to growth, buoyed by converging health, environmental, and ethical consumption trends reshaping consumer preferences. After a period of market adjustment, the category is regaining momentum as manufacturers align product positioning with Vietnam’s rapidly evolving wellness culture. Heightened awareness of the health benefits associated with plant-based diets, amplified by celebrity endorsements and social media influence, is particularly resonating with urban millennials and Gen Z consumers who view these products as both a lifestyle choice and a statement of values.

Market expansion is being further catalyzed by rising diagnosis rates of lactose intolerance and increasing consumer sensitivity to animal welfare issues, factors that collectively lower barriers to trial of plant-based alternatives. Social media platforms have emerged as critical awareness channels, with viral content democratizing knowledge about sustainable food systems and accelerating category education.

However, long-term success will require manufacturers to address broader sustainability challenges beyond product formulation alone. Industry leaders are setting benchmarks through regenerative agricultural practices in soybean cultivation, demonstrating how crop rotation techniques can enhance soil health while securing raw material supply chains.

Product innovation and supply chain differentiation will be pivotal in capturing Vietnam’s growth potential. While health and ethics remain primary purchase motivators, competitive intensity is pushing brands to develop superior taste profiles and texture technologies to overcome historical sensory gaps with conventional dairy. The emergence of oat, almond, and blended formulations is diversifying a market traditionally dominated by soy-based offerings, creating opportunities for premiumization.

This report presents a thorough analysis and future outlook for the Vietnam plant-based dairy market, covering historical data from 2020 to 2024 and forecasts up to 2030. It investigates market size, growth patterns, and segmented insights, revealing the trends transforming the industry. By dissecting critical aspects such as distribution channel, the report provides a comprehensive toolkit for understanding and capitalizing on market opportunities.

Market Segmentation

The Vietnam plant-based dairy market is structured as follows:
Distribution channel: convenience stores, supermarkets and hypermarkets, food & drinks stores, grocery stores, e-commerce, others

The Vietnam market for plant-based dairy is divided based on distribution channel. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food & drinks stores, grocery stores, e-commerce, and others.

Competitive Landscape

Leading companies in the plant-based dairy market comprise Vietnam Dairy Products Joint Stock Company (Vinamilk), Uni-President Enterprises Corporation, Tan Hiep Phat Beverage Group (THP), Simple Foods Co. Ltd., Quang Ngai Sugar Joint Stock Company and Nutifood Nutrition Food JSC. The report provides a detailed assessment of prominent companies within the plant-based dairy market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Vietnam plant-based dairy market.
Gain in-depth analysis and forecasts for the key segments of the Vietnam plant-based dairy market: distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam plant-based dairy market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam plant-based dairy market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Vietnam Plant-based Dairy Market – Distribution Channel Analysis
Company Shares Analysis
Vietnam Dairy Products Joint Stock Company (Vinamilk)
Uni-President Enterprises Corporation
Tan Hiep Phat Beverage Group (THP)
Simple Foods Co., Ltd.
Quang Ngai Sugar Joint Stock Company
Nutifood Nutrition Food JSC
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Vietnam Plant-based Dairy Market 2020-2030
Chart Vietnam Plant-based Dairy Market, Net Growth, 2020-2030
Chart Vietnam Plant-based Dairy Market, Growth Rates, 2020-2030
Table Vietnam Plant-based Dairy Market by Distribution Channel, 2020-2030
Chart Vietnam Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Vietnam Plant-based Dairy Market by Distribution Channel, 2020-2030
Table Vietnam Plant-based Dairy Market Share (%), by Companies, 2020-2024
Chart Vietnam Plant-based Dairy Market, by Companies, 2024
Table Vietnam Plant-based Dairy Market Share (%), by Brands, 2020-2024
Chart Vietnam Plant-based Dairy 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 Plant-based Dairy Market: Spend as a Proportion of GDP (%)
Table Vietnam Plant-based Dairy Market: Consumption per Capita (Population)

Companies Mentioned

Vietnam Dairy Products Joint Stock Company (Vinamilk)
Uni-President Enterprises Corporation
Tan Hiep Phat Beverage Group (THP)
Simple Foods Co., Ltd.
Quang Ngai Sugar Joint Stock Company
Nutifood Nutrition Food JSC