Vietnam Nutraceutical Market Outlook to 2025: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now The report titled “Vietnam Nutraceutical Market Outlook to 2025 – By Dietary Supplements (Herbal Supplements, Vitamin and Minerals, Probiotics, Protein and Amino Acid Supplements, Omega 3 Fatty Acids, Others), By Functional Beverages (Energy Drinks, Plant based and Malt based Hot Drinks Hot Drinks, and Sports Drinks), By Functional Foods (Dairy, Baby Food, Breakfast Cereals, Confectionery, Hi-Fiber Biscuits, Snack Bars and Fruit Snacks) provides a comprehensive analysis of the Nutraceutical market in the Vietnam. The report also covers the overview and genesis of the industry, overall market size in terms of revenue, segmentation on the basis of product category and channels of distribution for functional foods, functional beverages and vitamins & dietary supplements, trends and developments, issues and challenges, regulations in the vietnam, value chain analysis, private label vs. import, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Vietnam Nutraceutical Market Overview and Size Vietnam Nutraceutical market grew at a higher single digit growth rate over the review period 2014-2019. The market growth was supported by the increasing health awareness, government initiatives, growth in the personal disposable income of the people, rise in ageing population, and preventive nature of the age group (25-45 years). The market was observed in the growth stage and will continue to remain so in the forecasted period, 2019-2025. A change in consumption trend has been observed in the Vietnam health and wellness industry, wherein the consumers are focusing more on the preventive healthcare from taking health supplements in the old age to a shift in increasing consumption of supplements in the earlier ages in order to prevent them from permanently depending on pharmaceutical drugs. Nutraceutical are positioning itself as natural and healthy alternative to traditional medicine in the country. Vietnam Nutraceutical Market Segmentation Functional Food segment was the leading category in the market in 2019. The high consumption of dairy products especially milk is one of the key growth drivers for the products in the Vietnam market. This segment was followed by the Functional Beverages market. Energy drinks was the most contributing category in the development of the Functional Beverages market. It is highly consumed by the teenagers and young adults. The remaining contribution in the market is made by the Vitamins and Dietary Supplements in 2019. The market has developed due to the increase in participation of people in the sports and fitness activities, also energy drink is quiet famous among employees in Vietnam as it provides an extra energy boost and acts as a stress buster among these individuals. Competitive Landscape Vietnam Functional Foods Market: Competition in the Vietnam Functional Food market was observed to be highly concentrated with top two players that captured more than half of the segment revenue in 2019. The market has large presence of famous multinational giants with a few domestic players climbing up the ladder. Major players in the Vietnam Functional Food market are Vietnam Dairy Products JSC (Vinamilk), Royal FrieslandCampina NV, Nutifood Nutrition Food JSC, Abbott Laboratories Inc, Nestlé SA, Reckitt Benckiser Group Plc (RB) and others. Over the years, the competition is becoming intense and fierce as the companies are focusing towards improving the quality of their products. Vietnam Functional Beverages Market: The Functional Beverage market in the VIETNAM is moderately concentrated with the top 5 players that captured more than about three fourth of the industry revenue. Some of the major players in the market are TC Pharmaceutical Industry Co Ltd, PepsiCo Inc, Nestlé SA, Masan Group Corp, Tan Hiep Phat Group, Otsuka Holdings Co Ltd and others. The companies compete on the parameters such as Branding, pricing, product diversification, marketing and promotional techniques and others. Vietnam Vitamins and Dietary Supplements Market: Competition in the Vietnam Vitamins and Dietary Supplements market is witnessed to be highly fragmented with top 10 players that accounted to less than half of the market. The major players operating in vitamins and dietary supplements market are Herbalife Nutrition Ltd, Traphaco JSC, Taisho Pharmaceutical Holdings Co Ltd, Amway Corp, Nu Skin Enterprises Inc, Tiens Group Co Ltd, Sanofi, KT&G Corp, Khanh Hoa Pharmaceutical JSC and others. The market is mostly dominated by the foreign players and is highly dependent upon imports. The major distribution channel used by the companies are Pharmacies and Chemists. Vietnam Nutraceutical Market Future Outlook The Vietnam Nutraceutical market is expected to grow in the future with a single digit CAGR over the forecast period (2019-2025F). In Future, it is expected that Functional Food will continue to dominate the market, withmore than half of the total revenues. The dairy products will be the most demanded category in the functional food market and in dairy products, yogurts will be the most demanded product. Vietnam Functional Beverages is expected to have sluggish growth in the future, mainly as the market will cope with the decline as an additional tax is proposed on sugary drinks. In2020, the market will see high growth due to the advent of Vietnam F1 Grandprix 2020 as majority of the energy drinks are sponsoring the event. Vitamins and dietary supplements market will have the least market share among all the three categories in Nutraceutical market by the year 2025. Herbal Supplement Supplements will be leading the market by capturing most of the market by the end of the year 2025. In future, it is antcicipated that multivitamins are expected to lead the vitamins and minerals market by the year 2025. Key Segments Covered:- Dietary Supplements:- By Type Herbal/Traditional Supplements, Vitamin and Mineral, Probiotics, Protein and Amino Acid Supplements, Omega 3 Fatty Acids, and others) By Type of Vitamin (Single and Multivitamin) By Distribution Channel (Chemists/Pharmacies, DirectSelling, Drugstores/parapharmacies, Internet Retailing Hypermarkets, Home shopping, Supermarkets, Vitamins and Dietary Supplements Specialist Retailers) Functional Foods:- By Type of Functional Foods (Dairy, Baby Food, Breakfast Cereals, Confectionary, Hi-Fiber Biscuits, Multigrain Bread, Snack Bars and Fruit Snacks) By Type of Dairy Products (Milk, Flavored Milk, Probiotic Yoghurt, Powdered Milk) By Type of Baby Food (Growing-Up Milk Formula, Follow-on Milk Formula, Standard Milk Formula) By Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores and Independent Small Grocers) Functional Beverages:- By Product Category (Energy Drinks, Plant Based and Malt Based Hot Drinks, Sports Drink ) By Distribution Channel (Hypermarkets, Independent Small Grocers, Supermarkets, Convenience Stores, Forecourt Retailers, Vending and Other Grocery Retailers). Key Target Audience:- Nutritional Supplements Manufacturers Nutritional Supplements Distributors Nutraceuticals Distributors Government Agencies Vitamins and Dietary Supplements Companies Functional Foods Companies Functional Beverages Companies Hypermarkets and Supermarkets Drug Stores and Pharmacies Chain Online Sales and Retailing Agencies Time Period Captured in the Report:- Historical Period: 2014- 2019 Forecast Period: 2020F – 2025F Companies Covered:- Vitamins and Dietary Supplements:- Herbalife Nutrition Ltd Traphaco JSC Amway Forever Living Products International LLC Tiens Vietnam, Herbalife Ltd Nu Skin Elken Eco Pharma Joint Stock Company – Vietnam Haugiang Pharmarceutical JSC Mega Lifesciences Pty Ltd (Vietnam) Davimin Functional Foods:- Vietnam Dairy Products Royal FrieslandCampina NV Abbott Laboratories Vietnam Nestle Vietnam Functional Beverages:- Suntory PepsiCo Vietnam Key Topics Covered in the Report:- Vietnam Nutritional Supplement Market Overview and Genesis Vietnam Nutritional Supplement Market Size Vietnam Nutritional Supplement Market Segmentation Vietnam Vitamins & Dietary Supplements Market Vietnam Functional Foods Market Vietnam Functional Beverages Market Trends and Developments in Vietnam Nutritional Supplement Market Regulations in Vietnam Nutritional Supplement Market Issues and Challenges in Vietnam Nutritional Supplement Market Private label vs. Import- Preferred Strategy Entry Barriers of Vietnam Nutritional Supplement Market Vietnam Nutritional Supplement Market Future Projections, 2018-2023E Analyst Recommendations For More Information on the research report, refer to below link:- Vietnam Nutraceutical Market Related Reports:- UAE Nutritional Supplements Market Outlook to 2023 – by Vitamins & Dietary Supplements (Protein Supplements, Non-Herbal Dietary Supplements Composites, Fish Oils/Omega Fatty Acids, Glucosamine, Co-Enzyme Q 10, Herbal Dietary Supplements Composites, Yeast, Garlic, Ginko Biloba), Functional Foods (Dairy, Baby Food, Breakfast Cereals, Cooking Oil Confectionary, Sweet Biscuits, Snack Bars and Fruit Snacks) and Functional Beverages (Energy Drink, FF Concentrates, Sports Drink, and Bottled Water) Singapore Nutraceutical (Vitamin And Dietary Supplements, Functional Food And Beverages) Market Outlook To 2023 – Maturing Market Backed By Demand From Millennials For Multivitamins And Mineral Indonesia Nutritional Supplements Market Outlook To 2023 – By Vitamins (Single Vitamin And Multi-Vitamin) & Herbal And Standard Dietary Supplements (General Health, Beauty, Digestive, Bone, Heart Health, Memory, Joint), Functional Beverages And Functional Food Philippines Nutraceuticals Market Outlook to 2022-Composite Herbal Dietary Ingredients, Ginseng, Garlic and Ginkgo Biloba Based Herbal Supplements will Drive the Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Abbott Laboratories Vietnam Functional Foods Market Sales, Amway Vitamins 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