Vietnam Edible Oil Market Growth, Trends, Size, Revenue, Challenges, Scope and Future Outlook
Vietnam Edible Oil Market Size- By Product Type, By Volume, By Mode of Sales, By Types of Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2023 | Report ID: FOOD2351 | Pages: 1 - 103 | Formats*: |
| Category : Food & Beverages | |||
Vietnam Edible Oil Market Overview
According to SPER Market Research, the Vietnam Edible Oil Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
Cooking oil is a liquid fat derived from plants, animals, or synthetic materials that is used in baking, frying, and other types of cooking. Edible oil is a cooking oil made from the fat of animals, plants, or microorganisms. At room temperature, edible oils are liquid and safe to consume. Sunflower, rice brown, ghee, olive, mustard, and groundnut are just a few of the many edible oils. In addition, antioxidants are used to extend the shelf life of edible oils. Cooking oil must be stable under the harsh conditions of deep-fat frying, which include high temperatures and dampness.
Exploring the Growth Drivers of the Vietnam Edible Oil Industry
One of the growth driver for Vietnam Edible Oil Industry is that people from all over the world have been affected by the global pandemic. The entire world has become health-conscious. Vietnam's government maintains and keep in mind that the public health has directed the health authorities to act and promote the use of low-calorie, cholesterol-free cooking oils. Sunflower, rapeseed, soybean, palm, cottonseed, and other vegetable oils are preferred. Coconut oil is widely used for its high quality and is well-known for its low fat content. It has a low cholesterol and calorie content. In addition, the demand for palm oil is increasing due to its unique applications such as smooth and creamy texture, great cooking properties, and lack of odour, which are expected to drive the market's growth rate.
What challenges does the Vietnam Edible Oil Market face?
The major challenge facing the Vietnam Edible Oil Market is that the cooking and edible oil manufacturers place a premium on the purity of their products. However, the prevalence of counterfeit products harms both the reputation of these brands and the health of their customers. Counterfeit products made of inferior materials are widely available on the market at low prices. In addition, to remain competitive in the edible oils market, major companies have opted for competitive positioning. Furthermore, this has a significant impact on prices.
In what ways has the COVID-19 pandemic affected Vietnam Edible Oil Market?
Although the COVID-19 pandemic had little impact on the Vietnamese economy, import and export restrictions slowed the country's cooking and edible oil sector. Vietnam is heavily reliant on neighbouring countries for cooling oil, primarily Malaysia and Indonesia. Temporary bans on the import of cooking oils to prevent the virus from spreading across borders, on the other hand, result in a lack of supplies on the domestic market and an increase in pricing. The market for cooking and edible oils in Vietnam has suffered greatly as a result of the massive imbalance between demand and supply.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Volume, By Mode of Sales, By Types of Sales Channel |
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region |
| Companies Covered | Vegetable Oil Trading JSC, Vinacommodities Corporation, Vocarimex (Calofic), Kido Nha Be, Tuong An, South America Vegetable Oil Joint Stock Company, Others |
Key Target Audience:
- Supermarkets
- High Income Individuals
- Local Stores
- Online Stores
- Convenience Stores
- Others
Vietnam Edible Oil Market Segmentation:
1. By Product Type:
- Vietnam Edible Oil Market Value Share and Forecast, By Product Type, 2023-2033
- Palm Oil
- Rapeseed Oil
- Soybean Oil
- Coconut Oil
- Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil)
2. By Volumes:
- Vietnam Edible Oil Market Value Share and Forecast, By Volumes, 2023-2033
- Palm Oil
- Rapeseed Oil
- Soybean Oil
- Coconut Oil
- Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)
3. By Mode of Sales:
- Vietnam Edible Oil Market Value Share and Forecast, By Mode of Sales, 2023-2033
- Online
- Offline
4. By Types of Sales Channels:
- Vietnam Edible Oil Market Value Share and Forecast, By Types of Sales Channel, 2023-2033
- Convenience Super Market
- Grocery Store
- Convenience Store
- Local market
5. By Region:
- Eastern Region
- Northern Region
- Southern Region
- Western Region
Key Topics Covered in the Report:
- Vietnam Edible Oil Market Size (FY’2023-FY’2033)
- Overview of Vietnam Edible Oil Market
- Segmentation of Vietnam Edible Oil Market By Product Type {(Palm Oil, Rapeseed Oil, Soybean Oil, Coconut Oil, Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil)}.
- Segmentation of Vietnam Edible Oil Market By Volumes {(Palm Oil, Rapeseed Oil, Soybean Oil, Coconut Oil, Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil)}.
- Segmentation of Vietnam Edible Oil Market By Mode of Sales (Online, Offline)
- Segmentation of Vietnam Edible Oil Market By Types of Sales Channel (Convenience Super Market, Grocery Store, Convenience Store, Local market, Specialised Store)
- Statistical Snap of Vietnam Edible Oil Market
- Growth Analysis of Vietnam Edible Oil Market
- Problems and Challenges in Vietnam Edible Oil Market
- Competitive Landscape in the Vietnam Edible Oil Market
- Impact of COVID-19 and Demonetization on Vietnam Edible Oil Market
- Details on Recent Investment in Vietnam Edible Oil Market
- Competitive Analysis of Vietnam Edible Oil Market
- Key Players in the Vietnam Edible Oil Market
- SWOT Analysis of Vietnam Edible Oil Market
- Vietnam Edible Oil Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Vietnam Edible Oil Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Edible Oil Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Edible Oil Market
7. Vietnam Edible Oil Market, By Product Type (USD Million)
7.1. Vietnam Edible Oil Market Value Share and Forecast, By Product Type, 2023-20337.2. Palm Oil7.3. Rapeseed Oil7.4. Soybean Oil7.5. Coconut Oil7.6. Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil)
8. Vietnam Edible Oil Market, By Volumes (USD Million)
8.1. Vietnam Edible Oil Market Value Share and Forecast, By Volumes, 2023-20338.2. Palm Oil8.3. Rapeseed Oil8.4. Soybean Oil8.5. Coconut Oil8.6. Others (Rice barn oil, Sesame oil, Peanut oil, sunflower oil and olive oil.)
9. Vietnam Edible Oil Market, By Mode of Sales (USD Million)
9.1. Vietnam Edible Oil Market Value Share and Forecast, By Mode of Sales, 2023-20339.2. Online9.3. Offline
10. Vietnam Edible Oil Market, By Types of Sales Channels (USD Million)
10.1. Vietnam Edible Oil Market Value Share and Forecast, By Types of Sales Channel, 2023-203310.2. Convenience Super Market10.3. Grocery Store10.4. Convenience Store10.5. Local market10.6. Specialised Store
11. Vietnam Edible Oil Market Forecast, 2019-2033 (USD Million)
11.1. Vietnam Edible Oil Market Size and Market Share
12. Vietnam Edible Oil Market, By Product Type, 2019-2033 (USD Million)
12.1. Vietnam Edible Oil Market Size and Market Share By Product Type (2019-2026)12.2. Vietnam Edible Oil Market Size and Market Share By Product Type (2027-2033)
13. Vietnam Edible Oil Market, By Volumes, 2019-2033 (USD Million)
13.1. Vietnam Edible Oil Market Size and Market Share By Volumes (2019-2026)13.2. Vietnam Edible Oil Market Size and Market Share By Volumes (2027-2033)
14. Vietnam Edible Oil Market, By Mode of Sales, 2019-2033 (USD Million)
14.1. Vietnam Edible Oil Market Size and Market Share By Mode of Sales (2019-2026)14.2. Vietnam Edible Oil Market Size and Market Share By Mode of Sales (2027-2033)
15. Vietnam Edible Oil Market, By Types of Sales Channel, 2019-2033 (USD Million)
15.1. Vietnam Edible Oil Market Size and Market Share By Types of Sales Channel (2019-2026)15.2. Vietnam Edible Oil Market Size and Market Share By Types of Sales Channel (2027-2033)
16. Vietnam Edible Oil Market, By Region, 2019-2033 (USD Million)
16.1. Vietnam Edible Oil Market Size and Market Share by Region (2019-2026)16.2. Vietnam Edible Oil Market Size and Market Share by Region (2027-2033)16.3. Eastern Region16.4. Northern Region16.5. Southern Region16.6. Western Region
17. Company Profile
17.1. Kido Nha Be17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. South America Vegetable Oil Joint Stock Company17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Tuong An17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Vegetable Oil Trading JSC17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Vinacommodities Corporation17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Vocarimex (Calofic)17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Voe ( Vegetable Oil Extraction)17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vietnam Edible Oil Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Vietnam Edible Oil Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Vietnam Edible Oil Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Vietnam Edible Oil Market size is USD XX billion from 2023 to 2033.
Vietnam Edible Oil Market Segment is Covered By Product Type, By Volume, By Mode of Sales, By Types of Sales Channel
The Asia-Pacific region is anticipated to have the highest market share in Vietnam Edible Oil Market.
The key players in the market include Companies Covered Vegetable Oil Trading JSC, Vinacommodities Corporation, Vocarimex (Calofic), Kido Nha Be, Tuong An, South America Vegetable Oil Joint Stock Company, Others
Vietnam's government maintains and keep in mind that the public health has directed the health authorities to act and promote the use of low-calorie, cholesterol-free cooking oils.
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