Vietnam Nutraceuticals & Herbal Products Market

The Vietnam Nutraceuticals & Herbal Products Market is worth USD 2.0 Bn, fueled by rising health consciousness, aging population, and preference for organic supplements.

Region:Asia

Author(s):Rebecca

Product Code:KRAB4109

Pages:92

Published On:October 2025

About the Report

Base Year 2024

Vietnam Nutraceuticals & Herbal Products Market Overview

  • The Vietnam Nutraceuticals & Herbal Products Market is valued at USD 2.0 billion, based on a five-year historical analysis. This growth is primarily driven by increasing health awareness among consumers, a rising aging population, and a shift towards preventive healthcare. The demand for natural and organic products has surged, reflecting a broader global trend towards wellness and holistic health solutions. Other key growth drivers include rising disposable incomes, rapid urbanization, and the expansion of the food and beverage industry, which has accelerated the adoption of functional foods and dietary supplements. Product innovations such as liquid capsules and multi-blend formulations are also contributing to market expansion .
  • Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their large populations and urbanization trends. These cities serve as major hubs for distribution and retail, facilitating access to a wide range of nutraceuticals and herbal products. The concentration of health-conscious consumers and a growing middle class further bolster market growth in these regions. Higher purchasing power and access to modern retail channels, including supermarkets and e-commerce platforms, reinforce the market leadership of these urban centers .
  • In 2023, the Vietnamese government implemented regulations to enhance the quality and safety of nutraceuticals and herbal products. This includes mandatory registration and quality control measures for all products entering the market, aimed at ensuring consumer safety and promoting the use of scientifically validated health claims. The regulatory framework is governed by the Circular No. 18/2019/TT-BYT issued by the Ministry of Health, which sets out requirements for product registration, labeling, and post-market surveillance for dietary supplements and herbal products. Companies must comply with strict standards regarding ingredient safety, efficacy, and advertising claims .
Vietnam Nutraceuticals & Herbal Products Market Size

Vietnam Nutraceuticals & Herbal Products Market Segmentation

By Ingredients:The market is segmented into various ingredients, including Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Omega Fatty Acids, Probiotics, Prebiotics & Postbiotics, and Fibers & Specialty Carbohydrates. Among these, Vitamins and Botanicals are the most prominent due to their widespread use in dietary supplements and functional foods. The increasing consumer preference for natural ingredients has led to a significant rise in the demand for botanical extracts, which are perceived as safer and more effective. Vitamins maintain their leading position, supported by strong consumer recognition of their health benefits and the prevalence of nutritional deficiencies. Botanicals are gaining traction due to growing interest in plant-based and traditional remedies .

Vietnam Nutraceuticals & Herbal Products Market segmentation by Ingredients.

By Form:The market is also segmented by form, including Tablets, Capsules, Soft Gels, Powders, Gummies, and Liquid. Tablets and Capsules dominate the market due to their convenience and ease of consumption. The growing trend of personalized nutrition has also led to an increase in the popularity of Powders and Gummies, especially among younger consumers who prefer more palatable forms of supplements. Tablets remain the most preferred format, driven by their widespread availability and established consumer trust, while gummies and powders are increasingly favored for their taste and versatility .

Vietnam Nutraceuticals & Herbal Products Market segmentation by Form.

Vietnam Nutraceuticals & Herbal Products Market Competitive Landscape

The Vietnam Nutraceuticals & Herbal Products Market is characterized by a dynamic mix of regional and international players. Leading participants such as Nutifood Nutrition Food Joint Stock Company, Abbott Laboratories, Herbalife Nutrition Ltd., Vinamilk, Amway Corporation, Blackmores Limited, Swisse Wellness Pty Ltd., USANA Health Sciences, Inc., GNC Holdings, Inc., DSM Nutritional Products AG, Nature's Way Products, LLC, Mega We Care, Thang Long Pharmaceutical, Traphaco Joint Stock Company, DHG Pharma contribute to innovation, geographic expansion, and service delivery in this space.

Nutifood Nutrition Food Joint Stock Company

2000

Ho Chi Minh City, Vietnam

Abbott Laboratories

1888

Abbott Park, Illinois, USA

Herbalife Nutrition Ltd.

1980

Los Angeles, California, USA

Vinamilk

1976

Ho Chi Minh City, Vietnam

Amway Corporation

1959

Ada, Michigan, USA

Company

Establishment Year

Headquarters

Market Share (%)

Revenue (USD Million)

Revenue Growth Rate (CAGR %)

Product Portfolio Breadth

Distribution Network Coverage

Brand Recognition Score

Vietnam Nutraceuticals & Herbal Products Market Industry Analysis

Growth Drivers

  • Increasing Health Awareness:The Vietnamese population is becoming increasingly health-conscious, with 75% of consumers actively seeking healthier lifestyle choices. This trend is supported by a report from the Ministry of Health, indicating that 65% of adults are prioritizing preventive healthcare measures. The rise in chronic diseases, such as diabetes and hypertension, has further fueled the demand for nutraceuticals, with the market expected to benefit from this heightened awareness and proactive health management.
  • Rising Demand for Natural Products:The global shift towards natural and organic products is mirrored in Vietnam, where the market for herbal and nutraceutical products is projected to reach $1.8 billion. According to the Vietnam Organic Agriculture Association, 50% of consumers prefer natural remedies over synthetic alternatives. This growing preference is driven by a desire for safer, more effective health solutions, leading to increased investment in herbal product development and marketing.
  • Government Support for Herbal Products:The Vietnamese government has implemented various initiatives to promote the herbal products sector, including the establishment of the National Program on Herbal Medicine Development. In future, the government allocated $12 million to support research and development in this field. This backing not only enhances product quality but also encourages local farmers to cultivate medicinal plants, thereby boosting the overall market for nutraceuticals and herbal products.

Market Challenges

  • Regulatory Compliance Issues:Navigating the regulatory landscape in Vietnam poses significant challenges for nutraceutical companies. The Ministry of Health has stringent requirements for product registration, which can take up to 10 months. In future, approximately 35% of new herbal products faced delays due to non-compliance with these regulations. This can hinder market entry and increase operational costs for businesses aiming to introduce innovative products.
  • Competition from Synthetic Alternatives:The nutraceuticals market in Vietnam faces stiff competition from synthetic health products, which are often perceived as more effective and are widely available. In future, synthetic alternatives accounted for 60% of the total health supplement market. This competition poses a challenge for herbal products, as consumers may prioritize immediate results over the long-term benefits of natural options, impacting sales and market share for nutraceutical companies.

Vietnam Nutraceuticals & Herbal Products Market Future Outlook

The future of the Vietnam nutraceuticals and herbal products market appears promising, driven by increasing health awareness and a growing preference for natural solutions. As the middle-class population expands, consumer spending on health products is expected to rise significantly. Additionally, advancements in e-commerce will facilitate broader access to these products, allowing companies to reach a wider audience. The focus on preventive healthcare will further enhance market growth, creating a favorable environment for innovation and product diversification.

Market Opportunities

  • Export Potential:Vietnam's rich biodiversity offers significant export opportunities for herbal products. In future, the government aims to increase herbal exports by 25%, targeting markets in Europe and North America. This potential can enhance revenue streams for local producers and position Vietnam as a key player in the global herbal market.
  • E-commerce Growth:The rise of e-commerce in Vietnam presents a lucrative opportunity for nutraceutical companies. With online sales projected to reach $6 billion in future, businesses can leverage digital platforms to reach health-conscious consumers. This shift allows for targeted marketing strategies and improved customer engagement, driving sales growth in the nutraceutical sector.

Scope of the Report

SegmentSub-Segments
By Ingredients

Vitamins

Botanicals

Minerals

Proteins & Amino Acids

Omega Fatty Acids

Probiotics

Prebiotics & Postbiotics

Fibers & Specialty Carbohydrates

By Form

Tablets

Capsules

Soft Gels

Powders

Gummies

Liquid

By Application

Bone & Joint Health

Gastrointestinal Health

Immunity

Cardiac Health

Diabetes

Anti-cancer

Skin/Hair/Nails

Brain/Mental Health

Prenatal Health

Anti-aging

By Distribution Channel

Pharmacies/Drug Stores

Supermarkets/Hypermarkets

E-commerce

Health Stores

Direct Sales

Specialty Stores

By End Use

Adults

Children

Infants

Geriatric

Pregnant Women

By Type

OTC

Prescribed

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Health, Ministry of Industry and Trade)

Manufacturers and Producers

Distributors and Retailers

Pharmaceutical Companies

Health and Wellness Organizations

Natural Product Suppliers

Export and Import Agencies

Players Mentioned in the Report:

Nutifood Nutrition Food Joint Stock Company

Abbott Laboratories

Herbalife Nutrition Ltd.

Vinamilk

Amway Corporation

Blackmores Limited

Swisse Wellness Pty Ltd.

USANA Health Sciences, Inc.

GNC Holdings, Inc.

DSM Nutritional Products AG

Nature's Way Products, LLC

Mega We Care

Thang Long Pharmaceutical

Traphaco Joint Stock Company

DHG Pharma

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam Nutraceuticals & Herbal Products Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam Nutraceuticals & Herbal Products Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam Nutraceuticals & Herbal Products Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Health Awareness
3.1.2 Rising Demand for Natural Products
3.1.3 Government Support for Herbal Products
3.1.4 Expanding Middle-Class Population

3.2 Market Challenges

3.2.1 Regulatory Compliance Issues
3.2.2 Market Fragmentation
3.2.3 Competition from Synthetic Alternatives
3.2.4 Limited Consumer Education

3.3 Market Opportunities

3.3.1 Export Potential
3.3.2 E-commerce Growth
3.3.3 Product Innovation
3.3.4 Collaborations with Health Institutions

3.4 Market Trends

3.4.1 Personalization of Nutraceuticals
3.4.2 Rise of Plant-Based Products
3.4.3 Increased Focus on Preventive Healthcare
3.4.4 Digital Marketing Strategies

3.5 Government Regulation

3.5.1 Herbal Product Registration Requirements
3.5.2 Quality Control Standards
3.5.3 Labeling Regulations
3.5.4 Import Tariffs on Nutraceuticals

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam Nutraceuticals & Herbal Products Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam Nutraceuticals & Herbal Products Market Segmentation

8.1 By Ingredients

8.1.1 Vitamins
8.1.2 Botanicals
8.1.3 Minerals
8.1.4 Proteins & Amino Acids
8.1.5 Omega Fatty Acids
8.1.6 Probiotics
8.1.7 Prebiotics & Postbiotics
8.1.8 Fibers & Specialty Carbohydrates

8.2 By Form

8.2.1 Tablets
8.2.2 Capsules
8.2.3 Soft Gels
8.2.4 Powders
8.2.5 Gummies
8.2.6 Liquid

8.3 By Application

8.3.1 Bone & Joint Health
8.3.2 Gastrointestinal Health
8.3.3 Immunity
8.3.4 Cardiac Health
8.3.5 Diabetes
8.3.6 Anti-cancer
8.3.7 Skin/Hair/Nails
8.3.8 Brain/Mental Health
8.3.9 Prenatal Health
8.3.10 Anti-aging

8.4 By Distribution Channel

8.4.1 Pharmacies/Drug Stores
8.4.2 Supermarkets/Hypermarkets
8.4.3 E-commerce
8.4.4 Health Stores
8.4.5 Direct Sales
8.4.6 Specialty Stores

8.5 By End Use

8.5.1 Adults
8.5.2 Children
8.5.3 Infants
8.5.4 Geriatric
8.5.5 Pregnant Women

8.6 By Type

8.6.1 OTC
8.6.2 Prescribed

9. Vietnam Nutraceuticals & Herbal Products Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Market Share (%)
9.2.3 Revenue (USD Million)
9.2.4 Revenue Growth Rate (CAGR %)
9.2.5 Product Portfolio Breadth
9.2.6 Distribution Network Coverage
9.2.7 Brand Recognition Score
9.2.8 R&D Investment (% of Revenue)
9.2.9 Manufacturing Capacity
9.2.10 Regulatory Compliance Rating

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Nutifood Nutrition Food Joint Stock Company
9.5.2 Abbott Laboratories
9.5.3 Herbalife Nutrition Ltd.
9.5.4 Vinamilk
9.5.5 Amway Corporation
9.5.6 Blackmores Limited
9.5.7 Swisse Wellness Pty Ltd.
9.5.8 USANA Health Sciences, Inc.
9.5.9 GNC Holdings, Inc.
9.5.10 DSM Nutritional Products AG
9.5.11 Nature's Way Products, LLC
9.5.12 Mega We Care
9.5.13 Thang Long Pharmaceutical
9.5.14 Traphaco Joint Stock Company
9.5.15 DHG Pharma

10. Vietnam Nutraceuticals & Herbal Products Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Health Ministry Procurement Trends
10.1.2 Education Ministry Health Initiatives
10.1.3 Social Welfare Programs
10.1.4 Others

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Health Programs
10.2.2 Corporate Wellness Initiatives
10.2.3 Nutraceuticals in Employee Benefits
10.2.4 Others

10.3 Pain Point Analysis by End-User Category

10.3.1 Health Concerns of Seniors
10.3.2 Nutritional Gaps in Children
10.3.3 Chronic Illness Management
10.3.4 Others

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Accessibility of Products
10.4.3 Trust in Brands
10.4.4 Others

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Effectiveness of Nutraceuticals
10.5.2 Long-term Health Benefits
10.5.3 Consumer Feedback Mechanisms
10.5.4 Others

11. Vietnam Nutraceuticals & Herbal Products Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework

1.3 Value Proposition Canvas

1.4 Competitive Landscape Analysis

1.5 Others


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs

2.3 Target Audience Segmentation

2.4 Marketing Channels

2.5 Others


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups

3.3 E-commerce Platforms

3.4 Direct Sales Approaches

3.5 Others


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands Analysis

4.3 Competitor Pricing Strategies

4.4 Others


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments

5.3 Product Development Opportunities

5.4 Others


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service

6.3 Customer Feedback Mechanisms

6.4 Others


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains

7.3 Customer-Centric Approaches

7.4 Others


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Efforts

8.3 Distribution Setup

8.4 Others


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging Considerations
9.1.4 Others

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap
9.2.3 Market Entry Barriers
9.2.4 Others

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model

10.5 Others


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2


Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of market reports from industry associations and government publications on nutraceuticals and herbal products in Vietnam
  • Review of academic journals and articles focusing on consumer trends and health benefits associated with herbal products
  • Examination of trade statistics and import/export data related to nutraceuticals from Vietnamese customs and trade ministries

Primary Research

  • In-depth interviews with key opinion leaders in the nutraceuticals sector, including herbal product manufacturers and distributors
  • Surveys conducted with health professionals, including nutritionists and herbalists, to gather insights on consumer preferences
  • Focus group discussions with consumers to understand purchasing behavior and brand loyalty in the herbal products market

Validation & Triangulation

  • Cross-validation of findings through comparison with existing market data and consumer surveys
  • Triangulation of insights from primary interviews with secondary data sources to ensure consistency
  • Sanity checks through expert panel reviews involving industry veterans and market analysts

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the overall market size based on national health expenditure and consumer spending on wellness products
  • Segmentation of the market by product categories such as dietary supplements, herbal teas, and functional foods
  • Incorporation of growth rates derived from historical data and projected trends in health consciousness among Vietnamese consumers

Bottom-up Modeling

  • Collection of sales data from leading nutraceutical companies operating in Vietnam to establish baseline revenue figures
  • Estimation of market penetration rates for various product segments based on consumer surveys and retail data
  • Calculation of average selling prices and volume sold to derive total market value for each segment

Forecasting & Scenario Analysis

  • Utilization of time-series analysis to project future market growth based on historical trends and emerging health trends
  • Scenario modeling to assess the impact of regulatory changes and shifts in consumer behavior on market dynamics
  • Development of multiple growth scenarios (baseline, optimistic, and pessimistic) to provide a comprehensive market outlook through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Nutraceutical Retailers120Store Managers, Product Buyers
Herbal Product Manufacturers90Production Managers, Quality Control Officers
Health Professionals70Nutritionists, Herbalists
Consumers of Herbal Products140Health-conscious Individuals, Regular Users of Herbal Supplements
Distributors and Wholesalers60Supply Chain Managers, Sales Representatives

Frequently Asked Questions

What is the current value of the Vietnam Nutraceuticals & Herbal Products Market?

The Vietnam Nutraceuticals & Herbal Products Market is valued at approximately USD 2.0 billion, reflecting significant growth driven by increasing health awareness, an aging population, and a shift towards preventive healthcare among consumers.

What factors are driving the growth of the nutraceuticals market in Vietnam?

Which cities are the main hubs for nutraceuticals in Vietnam?

What regulations govern the nutraceuticals market in Vietnam?

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