The Edible Oil Market In Vietnam Is Now Growing At A Steady Rate, With Palm Oil Dominating The Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 Farm Mechanization: Although Farm mechanization in Vietnam is still in its nascent stages, it is now seeing a sudden rise due to favourable and targeted government policies. Lack of access to farm power is one of the primary reasons for the slow uptake of farm mechanization and hence the non-intensification of farm productivity, particularly among small and marginal farmers. Moreover, the sector faces critical challenges in terms of a large share of small and marginal farmers, declining land holding sizes, high cost of farm machinery and equipment, inappropriate technology, undeveloped markets, complex operations, maze of legislation and insufficient policy framework. A steady change has been witnessed in recent years with farmers being able to access farm machinery on a rental basis. Furthermore, Substantial public investments including those in agricultural R&D and irrigation infrastructure, as well as the acceleration of the economic transformation in the county, are likely to stimulate the demand for machine use. Lifestyle Changes: As urbanization increases in developing countries, dietary habits and traditional meal patterns are expected to shift towards processed foods that have a high content of vegetable oil. Vegetable oil consumption in Vietnam is, therefore, expected to remain high due to high population growth and consequent urbanization. Inclination towards processed food has also been exaggerated by a busy lifestyle & a decline in the desire to cook meals at home. On the other hand, people who are health conscious are expressing their desire to purchase & consume healthy meals containing healthy & nutritious oils. This has led to many people purchasing premium products thereby increasing the demand for high-quality edible oil. To Know More about this report, download a Free Sample Report Rising Disposable Income: With the annual income increasing, individuals are expressing their inclination towards better quality food products including edible oils. This can also be attributed to them having extra money to save or spend which compels a person to go ahead with premium products in every sphere. Moreover, a rise in income is also the root cause for a person trying to maintain a certain lifestyle. Covid Impact: Despite the COVID-19 pandemic, Vietnam has seen an increase in the production and consumption of refined vegetable oils, especially rice bran oil. Moreover, palm oil exports have also increased manifold even though there was a decrease in the imports of the same in 2021. According to TDM, in 2020/21, Vietnam imported 915,000.0 tons of palm oil, down 9.0% compared to the previous year due to COVID-19 restrictions that impacted the food service, food processing, and tourism sectors. Palm oil accounted for about 92.0% of the total vegetable oil imports in 2020/21 due to its low price. The two main palm oil suppliers are Indonesia and Malaysia. Analysts at Ken Research in their latest publication, Vietnam Edible Oil Market Outlook 2026F– driven by Rise in Disposable Income, Prevalence of Health Problems and Increasing Inclination towards Healthy Lifestyle observed that the market will experience a steady uptick in the upcoming years. Rising income levels & demand for high-quality oil are expected to be the main growth drivers in the upcoming years. Growing disposable income, an ageing population, and a preference for healthier lifestyles are some of the factors driving the market’s expansion. It is expected that the Vietnam Edible Oil market will grow at a CAGR of 7.7% (2021-2026) for the foreseeable future. Key Segments Covered: – By Type Palm Oil Rapeseed Oil Soybean Oil Coconut Oil Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.) To more about industry trends, Request a free Expert call By Volume Palm Oil Rapeseed Oil Soybean Oil Coconut Oil Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.) By Mode of Sales Online Offline By type Of Sales Channel Super Market Grocery Store Convenience Store Local market Specialised Store Key Target Audience Supermarkets High-Income Individuals Local Stores Online Stores Convenience Stores Time Period Captured In the Report: Historical Period: 2016-2021 Base Period: 2021 Forecast Period: 2022P-2026F Companies Covered in Vietnam Edible Oil Market Vinacommodities Corporation Vocarimex (Calofic) Kido Nha Be Tuong An Voe ( Vegetable Oil Extraction) Quang Minh Corporation Joint Stock Company South America Vegetable Oil Joint Stock Company Otran Viet Nam Corporation Vegetable Oil Trading JSC PVN Oil ltd Visit this Link Request for a custom report Key Topics Covered: Vietnam Edible Oil Market Outlook Market Size of Vietnam Edible Oil Market, 2021 Forecast of Vietnam Edible Oil Market Historical Data and Forecast of Vietnam Edible Oil Revenues & Volume Vietnam Edible Oil Market Trend Evolution Vietnam Edible Oil Market Drivers and Challenges Vietnam Edible Oil Import Export Trade Statistics Market Opportunity Assessment By Type, application, distribution channel Vietnam Edible Oil Top Companies Market Share Vietnam Edible Oil Competitive Benchmarking By Technical and Operational Parameters Vietnam Edible Oil Company Profiles Vietnam Edible Oil Key Strategic Recommendations For more insights on market intelligence, refer to the link below: – Future Outlook of Vietnam Edible Oil Market Related Report by Ken Research: – India Edible Oil Market Outlook to 2022 Post Views: 27 Tags: Canola Oil Production in Vietnam, Cooking and Edible Oils in Vietnam, Edible Oil Exporters in Vietnam, Edible Oil Industry, Edible Oil Manufacturers in Vietnam, Edible Oil Market, Edible Oil Producers in Vietnam, Edible Oil Vietnam, Edible Vegetable Oils Market Vietnam, Farm Mechanization In Vietnam, Import of Palm oil in Vietnam, Kido Nha Be Edible Oil Market Analysis, Largest cooking oil companies in Vietnam, Leading Players in Vietnam Edible Oil Market, Major Players in Vietnam Edible Oil Market, Offline Channles of Edible Oil Market Vietnam, Oil and Fats Industry in Vietnam, palm oil Demand in Vietnam, Rapeseed oil Market in Vietnam, Soyabean Oil Consumption in Vietnam, Top Edible Oil Companies in Vietnam, Tuong An Edible Oil Market Analysis, Vegetable Oil Production Volume in Vietnam, Vegetable Oil Trading Companies in Vietnam, Vietnam Edible Oil Convenience Store, Vietnam Edible Oil Industry, Vietnam Edible Oil Industry Outlook Challanges in Vietnam Edible Oil Market, Vietnam Edible Oil Major Sales Channels, Vietnam Edible Oil Market, Vietnam Edible Oil Market Distributors, Vietnam Edible Oil Market Suppliers, Vietnam Edible Oil Sector, Vietnam Rice Barn Oil Market, Vietnamese cooking oil market, Vietnamese Vegoil Market, Vinacommodities Corp Edible Oil Market Share, Vocarimex Edible Oil Market Revenue Vietnam, Voe Edible Oil Market Revenue Vietnam