The Vietnam Ice Cream Market is poised for significant growth, transitioning from an estimated market size of USD 180 million in 2024 to a projected USD 245 million by 2030. With a compound annual growth rate (CAGR) of around 6.2%, the sector is gaining traction driven by Vietnam's warm climate, increasing disposable income, and evolving consumer preferences that favor artisanal and exotic flavors. The booming tourism industry is further fueling this growth, as local and foreign tourists seek refreshing and unique ice cream experiences. Local players are innovating continuously, introducing various flavors that cater to both traditional Vietnamese tastes and modern preferences, enhancing the overall quality and appeal of the product offerings in the Vietnam Ice Cream Market.
Vietnam Ice Cream Market Forecast
- The Vietnam Ice Cream Market is anticipated to grow from USD 180 million in 2024 to USD 245 million by 2030.
- Impulse ice cream, particularly single-portion options, is expected to sustain a higher CAGR of 9.5% during the forecast period.
- Approximately 40 million liters of ice cream are consumed annually in Vietnam, reflecting strong demand.
- Kido Group is leading the market with over 45% market share, showcasing its dominance and strategic positioning in the Vietnam Ice Cream Market.
- The retail offline channel is expected to maintain its position as the major distribution channel, accounting for approximately 95% of total sales in the Vietnam Ice Cream Market.
Unlock Valuable Data - Request Sample Report Today! https://www.marknteladvisors.com/query/request-sample/vietnam-ice-cream-market.html
Vietnam Ice Cream Industry Competitive Landscape
The competitive landscape of the Vietnam Ice Cream Market is characterized by several key players driving innovation and market share through new product offerings and strategic partnerships. Notable companies include:
- Kido Group
- Aice Yummy Vietnam Co. Ltd.
- Unilever Vietnam International Co. Ltd.
- Vietnam Dairy Products JSC (Vinamilk)
- Trang Tien Service Trading Co. Ltd.
- Nestlé Vietnam Co. Ltd.
- TNC Consumer Goods JSC
- Phan Nam Monterosa Trading JSC
- Thuy Ta JSC
- Others
These companies are not just players but are innovators in the sector, responding to changing consumer demands and trends within the Vietnam Ice Cream Market.
Key Takeaways from the Vietnam Ice Cream Market Report
The Vietnam Ice Cream Market is on an upward trajectory, supported by rising disposable incomes and a hot climate that drives ice cream consumption year-round. Innovative product offerings incorporating traditional flavors and e-commerce strategies are opening new avenues for growth. Price sensitivity remains a challenge but is being addressed through diversified product ranges aimed at various consumer segments.
Industry Recent Development
In 2024, Kido Group introduced a new line of ice creams that blends traditional Vietnamese flavors with contemporary tastes, exemplifying the trend towards innovation within the Vietnam Ice Cream Market. The launch included unique flavors such as black sugar pearl and strawberry yogurt, which reflect consumer demand for exciting and diverse flavor experiences.
Access the Full Report in One Click! https://www.marknteladvisors.com/research-library/vietnam-ice-cream-market.html
Industry Segmentation
By Category
Impulse Ice Cream
Single Portion Dairy Ice Cream
Single Portion Water Ice Cream
Take-Home Ice Cream
Take-Home Dairy Ice Cream
Bulk Dairy Ice Cream
Multi-Pack Dairy Ice Cream
Artisanal Ice Cream
By Leading Flavors
Vanilla
Chocolate
Strawberry
Coconut
Banana
Green Tea
Mango
Durian
Raisin
Lemon
By Format
Cup
Stick
Cone
Brick
Others (Sandwich, Tub, etc.)
By Sales Channel
Retail Offline
Grocery Retailers
Convenience Retailers
Convenience Stores
Supermarkets
Hypermarkets
Small Local Grocers
Retail E-Commerce
By Region
Northern
Southern
Central
Schedule a Consultation with Our Experts! https://www.marknteladvisors.com/query/talk-to-our-consultant/vietnam-ice-cream-market.html
Frequently Asked Questions (FAQs)
- What is the expected growth rate of the Vietnam Ice Cream Market?
- Which company currently holds the largest market share in the Vietnam Ice Cream Market?
- What are the main categories of ice cream consumed in the Vietnam Ice Cream Market?
- How does the tourism industry impact the Vietnam Ice Cream Market?
- What challenges do companies face in the Vietnam Ice Cream Market?
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
Other Report:
- Global Sugar-Free Ice Cream Marketis anticipated to grow at a CAGR of around 8.9% during the forecast period, i.e., 2023-28. [Browse Report Details, Here! https://www.marknteladvisors.com/research-library/sugar-free-ice-cream-market.html ]
- Saudi Arabia Ice Cream Market size was valued at around USD 551.7 million in 2022 and is estimated to grow at a CAGR of about 7.50% during the forecast period, i.e., 2024-29. [Browse Report Details, Here! https://www.marknteladvisors.com/research-library/saudi-arabia-ice-cream-market.html ]
About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us:
MarkNtel Advisors LLP
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
For Sales Enquiries: sales@marknteladvisors.com
