Vietnam Nutritional Supplements Market Growth, Size, Trends, Demand, Revenue and Future Scope
Vietnam Nutritional Supplements Market Size- By Form, By Ingredient, By Classification, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: NUTR2303 | Pages: 1 - 103 | Formats*: |
| Category : Nutraceuticals | |||
Vietnam Nutritional Supplements Market Introduction and Overview
According to SPER Market Research, the Vietnam Nutritional Supplements Market is estimated to reach USD 0.19 billion by 2033 with a CAGR of 10.07%.
The report includes an in-depth analysis of the Vietnam Nutritional Supplements Market, including market size and trends, Ingredient mix, distribution channels, and supplier analysis. Products used to supplement the diet are called nutritional supplements and they frequently include vitamins, minerals, botanicals, or amino acids. These supplements can be found in powders, liquids, gummies, capsules, pills, and tablets as their fundamental forms. They frequently include a combination of vitamins, minerals, amino acids, and/or medicinal herbs.
Market Opportunities and Challenges
- Opportunities: Growing Public Awareness of Health and Wellness in Vietnam: Vietnam's middle-class and wealthy populations have been growing quickly in Southeast Asia. Consumer spending is anticipated to increase as a result of this economic expansion, as is the need for goods that alleviate nutritional deficits. In addition, the population of Vietnam has seen a marked rise in demand for healthcare supplements. The local population is adopting preventative measures by using dietary products to fight conditions including high blood pressure, diabetes, obesity, and cardiovascular illnesses as they become more aware of health hazards. The use of dietary food products has increased dramatically as a result of this understanding, which will help the nation's general health and wellness.
- Challenges: High Cost of Nutritional Supplements: The high cost of nutritional supplements is a hindrance to the market's expansion in Vietnam. For some customers, the high cost of these goods serves as a barrier, preventing them from regular consumption or making it impossible for them to buy specific supplements. The demand for nutritional supplements may be affected as a result, especially among consumers who are price sensitive or in areas with lower income levels. To appeal to a wider customer base, manufacturers and suppliers in the market may find it difficult to strike a balance between product quality and pricing. For the market to expand, the issue of high prices must be addressed while preserving product effectiveness.
Market Competitive Landscape
The market for nutritional supplements in Vietnam is dominated by companies like Abbott Nutrition, Nestle, Herbalife International, Glanbia plc, PepsiCo, and Cliff Bar & Company. These businesses use a variety of tactics, such as partnerships, joint ventures, licence agreements, mergers and acquisitions, and the introduction of new products, to increase their market dominance even more.
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 Form, By Ingredient, By Classification, By Distribution Channel, By End User |
| Regions covered | East Vietnam, North Vietnam, South Vietnam, West Vietnam |
| Companies Covered | Abbott Nutrition, Cliff Bar & Company, Glanbia plc, Herbalife International, Nestle, PepsiCo, Others |
COVID-19 Impact on Vietnam Nutritional Supplements Market
The COVID-19 epidemic had a conflicting effect on the nutritional supplement business in Vietnam. Market disruptions were initially experienced as a result of supply chain issues and temporary store closures. However, the epidemic caused a rise in health consciousness that fuelled a market for immunity-boosting supplements. Customers preferring contactless buying drove considerable development in online sales channels. The pandemic hastened the transition to preventative healthcare and promoted the uptake of nutritional supplements. Even while some market segments saw increase, overall market development was hampered by consumer spending declines and economic uncertainty. Despite obstacles, the market was adaptable, adjusting to shifting customer wants and openings created by the pandemic.
Key Target Audience:
- Drug Stores and Pharmacies Chain
- Functional Beverages Companies
- Functional Foods Companies
- Government Agencies
- Hypermarkets and Supermarkets
- Nutraceuticals Distributors
- Nutritional Supplements Distributors
- Nutritional Supplements Manufacturers
- Online Sales and Retailing Agencies
- Vitamins and Dietary Supplements Companies
- Others
Our in-depth analysis of the Vietnam Nutritional Supplements Market includes the following segments:
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Key Topics Covered in the Report:
- Vietnam Nutritional Supplements Market Size (FY’2023-FY’2033)
- Overview of Vietnam Nutritional Supplements Market
- Segmentation of Vietnam Nutritional Supplements Market By Form (Capsules, Liquids, Powder, Tablets)
- Segmentation of Vietnam Nutritional Supplements Market By Ingredient (Fatty Acids, Minerals, Protein, Vitamin)
- Segmentation of Vietnam Nutritional Supplements Market By Classification (Over-the-counter, Prescription)
- Segmentation of Vietnam Nutritional Supplements Market By Distribution Channel Hypermarkets & Supermarkets, Online Channels, Pharmacy Stores)
- Segmentation of Vietnam Nutritional Supplements Market By End User (Adults, Children, Infants, Old-aged, Pregnant Women)
- Statistical Snap of Vietnam Nutritional Supplements Market
- Expansion Analysis of Vietnam Nutritional Supplements Market
- Problems and Obstacles in Vietnam Nutritional Supplements Market
- Competitive Landscape in the Vietnam Nutritional Supplements Market
- Impact of COVID-19 and Demonetization on Vietnam Nutritional Supplements Market
- Details on Current Investment in Vietnam Nutritional Supplements Market
- Competitive Analysis of Vietnam Nutritional Supplements Market
- Prominent Players in the Vietnam Nutritional Supplements Market
- SWOT Analysis of Vietnam Nutritional Supplements Market
- Vietnam Nutritional Supplements 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 Nutritional Supplements 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 Nutritional Supplements Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Nutritional Supplements Market
7. Vietnam Nutritional Supplements Market, By Form (USD Million)
7.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Form, 2023-20337.2. Capsules7.3. Liquids7.4. Powder7.5. Tablets
8. Vietnam Nutritional Supplements Market, By Ingredient (USD Million)
8.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Ingredient, 2023-20338.2. Fatty Acids8.3. Minerals8.4. Protein8.5. Vitamin
9. Vietnam Nutritional Supplements Market, By Classification (USD Million)
9.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Classification, 2023-20339.2. Over-the-counter (OTC)9.3. Prescription
10. Vietnam Nutritional Supplements Market, By Distribution Channel (USD Million)
10.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Distribution Channel, 2023-203310.2. Hypermarkets & Supermarkets10.3. Online Channels10.4. Pharmacy Stores
11. Vietnam Nutritional Supplements Market, By End User (USD Million)
11.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By End User, 2023-203311.2. Adults11.3. Children11.4. Infants11.5. Old-aged11.6. Pregnant Women
12. Vietnam Nutritional Supplements Market Forecast, 2019-2033 (USD Million)
12.1. Vietnam Nutritional Supplements Market Size and Market Share
13. Vietnam Nutritional Supplements Market, By Form, 2019-2033 (USD Million)
13.1. Vietnam Nutritional Supplements Market Size and Market Share By Form (2019-2026)13.2. Vietnam Nutritional Supplements Market Size and Market Share By Form (2027-2033)
14. Vietnam Nutritional Supplements Market, By Ingredient, 2019-2033 (USD Million)
14.1. Vietnam Nutritional Supplements Market Size and Market Share By Ingredient (2019-2026)14.2. Vietnam Nutritional Supplements Market Size and Market Share By Ingredient (2027-2033)
15. Vietnam Nutritional Supplements Market, By Classification, 2019-2033 (USD Million)
15.1. Vietnam Nutritional Supplements Market Size and Market Share By Classification (2019-2026)15.2. Vietnam Nutritional Supplements Market Size and Market Share By Classification (2027-2033)
16. Vietnam Nutritional Supplements Market, By Distribution Channel, 2019-2033 (USD Million)
16.1. Vietnam Nutritional Supplements Market Size and Market Share By Distribution Channel (2019-2026)16.2. Vietnam Nutritional Supplements Market Size and Market Share By Distribution Channel (2027-2033)
17. Vietnam Nutritional Supplements Market, By End User, 2019-2033 (USD Million)
17.1. Vietnam Nutritional Supplements Market Size and Market Share By End User (2019-2026)17.2. Vietnam Nutritional Supplements Market Size and Market Share By End User (2027-2033)
18. Vietnam Nutritional Supplements Market, By Region, 2019-2033 (USD Million)
18.1. Vietnam Nutritional Supplements Market Size and Market Share By Region (2019-2026)18.2. Vietnam Nutritional Supplements Market Size and Market Share By Region (2027-2033)18.3. East Vietnam18.4. North Vietnam18.5. South Vietnam18.6. West Vietnam
19. Company Profile
19.1. Abbott Nutrition19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Cliff Bar & Company19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Glanbia plc19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Herbalife International19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Nestle19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. PepsiCo19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. 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 Nutritional Supplements Market is projected to reach USD 0.19 billion by 2033, growing at a CAGR of 10.07% during the forecast period.
Vietnam Nutritional Supplements Market grew in market size from 2023. The Market is expected to reach USD 0.19 billion by 2033, at a CAGR of 10.07% during the forecast period.
Vietnam Nutritional Supplements Market CAGR of 10.07% during the forecast period.
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Vietnam Nutritional Supplements Market size is USD 0.19 billion from 2023 to 2033.
Vietnam Nutritional Supplements Market Segment is Covered By Form, By Ingredient, By Classification, By Distribution Channel, By End User
The Asia-Pacific region is anticipated to have the highest market share in Vietnam Nutritional Supplements Market.
The key players in the market include Companies Covered Abbott Nutrition, Cliff Bar & Company, Glanbia plc, Herbalife International, Nestle, PepsiCo, Others
Vietnam Nutritional Supplements Market, including market size and trends, Ingredient mix, distribution channels, and supplier analysis.
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