Vietnam frozen food market is expected to reach USD2419.43 million by 2027F, growing at a CAGR of 6.91% during the forecast period. The Vietnam frozen food market is mainly driven by the increasing preference for frozen food as it is more hygienic and has an elongated shelf life.

Vietnam, as a country, is well-known for its seafood-based products. Vietnam's frozen and packaging industry has grown in response to the increasing export of these seafood-based products. Owing to the factors such as the convenience food category, in which food preparation time is extremely short, not only the export but also the internal preference for frozen food has increased. Convenience is the most important factor associated with ready-to-eat food products, as it allows consumers to save time. Frozen food satisfies a variety of needs, including convenience, nutritional adequacy, and shelf stability.

According to recent trends in the segment, consumers are expecting more innovation, streamlined meal preparation, and less effort in meal preparation with appropriate flexibility. Frozen meatballs, pizzas, dumplings, and cold meats are all becoming increasingly popular. Because it aids in transportation on both a domestic and international level, cold chain infrastructure has played a significant role in propelling the frozen food market.

Many Vietnamese consumers who were previously uninterested in online grocery shopping and e-payments have been introduced to e-commerce as a result of the COVID-19 outbreak. They enjoy the convenience of not having to go out and the variety of options available by shopping online, among other things. This has resulted in an increase in online demand for grocery items such as frozen food, which are typically not high-volume items in the e-commerce industry. For example, following the COVID-19 outbreak, the online marketplace Shopee saw a 25% increase in sales. The pandemic outbreak resulted in an increase in frozen food sales via the internet channel. Following COVID-19, frozen food companies are expected to gain more public approval, resulting in a significant expansion in consumer penetration in Vietnam.

Rising E-commerce Platform Drives the Market Growth

The frozen food business has benefited greatly from the arrival of digitization in the retail industry. Frozen food retailers have been hesitant to move to online sales channels in the past. Many have begun to shake up the frozen food sector with their e-commerce sites in order to attract and convert online buyers, seeing how it increases the potential to cover and reach consumers. The launch of an application that assists buyers and makes it easier for them to pick products according to their preferences is the most recent trend in the frozen food sector that is boosting demand.

Rising Disposable Income Fueling the Market Growth

The rapid increase in family members' combined earnings is resulting in higher disposable income for consumers, which is significantly increasing their spending power. Furthermore, Vietnam's working population favors frozen foods because they are more convenient. There is no need for further preparation or culinary knowledge for these.

Raising Awareness of Product Hygiene Aids Market Growth

The pandemic has made everyone more cautious of their food choices, and people are gravitating toward brands that have safe manufacturing processing qualities, clean and pure components, and safe product handling. Vietnam plans to shift to smarter cold chain technologies like telematics or transport management software to control issues like truck start/stop and door open/close in order to improve the frozen food market. Telematics equipment will also assist businesses in comprehending data fields such as the temperature of refrigerated transport, fuel usage, speed, and mileage. As a result of improved food quality and timely delivery of frozen food to consumers, demand for frozen food in Vietnam is expected to rise.


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Market Segmentation

The Vietnam frozen food market is segmented based on category, product type, distribution channel, region, and competitional landscape. Based on category, the market is categorized by ready-to-eat, ready-to-cook, and other (raw meat, raw vegetables, raw fruit, etc.). Based on product type, the market is further fragmented into frozen meat, poultry & seafood, frozen snacks, frozen fruits and vegetables, and others (frozen desserts, frozen cooked ready meals, etc.). Based on distribution channel, the market is segmented into departmental stores, specialty stores, supermarkets/hypermarkets, online, and others (convenience stores, direct sales, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among northern, southern, & central regions.

Company Profiles

CP Vietnam Livestock Joint Stock Company, MINH PHU SEAFOOD CORP., SAO TA FOODS JOINT STOCK COMPANY, VINH HOAN CORPORATION, GreenFeed Vietnam Corp., KIDO FOODS JOINT STOCK COMPANY, Viet Asia Foods Company Limited, CK Frozen Foods Vietnam Company Ltd, DALAT - JAPAN FOOD CO. LTD, and others, are among the major market players in the Vietnam platform that lead the market growth of the Vietnam frozen food market.

Attribute

Details

Market Size Value in 2021

USD1608.95 Million

Revenue Forecast in 2027F

USD 2419.43 Million

Growth Rate

6.91%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F– 2027F

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Category

·         Product Type

·         Distribution Channel

·         Region

·         Company

Regional Scope

Northern, Southern & Central

Key Companies Profiled

CP Vietnam Livestock Joint Stock Company, MINH PHU SEAFOOD CORP., SAO TA FOODS JOINT STOCK COMPANY, VINH HOAN CORPORATION, GreenFeed Vietnam Corp., and DAI PHAT FOOD TRADING SERVICE CO., LTD, etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Vietnam Frozen Food market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Frozen Food Market, By Category:
    • Ready-to-Eat
    • Ready-to-Cook
    • Others (Raw Meat, Raw Vegetables, Raw Fruit, etc.)
  • Vietnam Frozen Food Market, By Product Type:
    • Frozen Meat, Poultry & Seafood
    • Frozen Snacks
    • Frozen Fruits & Vegetables
    • Others (Frozen Desserts, Frozen Cooked Ready Meals, etc.)
  • Vietnam Frozen Food Market, By Distribution Channel:
    • Departmental Store
    • Specialty Store
    • Supermarkets/Hypermarkets
    • Online
    • Others (Convenience Stores, Direct Sales, etc.)
  • Vietnam Frozen Food Market, By Region:
    • Northern
    • Southern
    • Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam frozen food market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges Faced Post Purchasing

5.    Vietnam Frozen Foods Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Category (Ready-to-Eat, Ready-to-Cook & Others {Raw Meat, Raw Vegetables, Raw Fruit, etc.))

5.2.2.    By Product Type (Frozen Meat, Poultry, & Seafood, Frozen Snacks, Frozen Fruits & Vegetables & Others (Frozen Desserts, Frozen Cooked Ready Meals, etc.))

5.2.3.    By Distribution Channel (Departmental Store, Specialty Store, Supermarkets/Hypermarkets, Online & Others (Convenience Stores, Direct Sales, etc.))

5.2.4.    By Region

5.2.5.    By Company (FY2021)

5.3.  Market Map (By Product Type and By Region)

6.    Vietnam Frozen Meat, Poultry and Seafood Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Product Type

6.2.2.    By Distribution Channel

7.    Vietnam Frozen Snacks Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Distribution Channel

8.    Vietnam Frozen Fruits & Vegetables Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Distribution Channel

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends and Developments

11.  Impact of COVID-19 on Vietnam Frozen Food Market

12.  Policy & Regulatory Landscape

13.  Vietnam Economic Profile

14.  Competitive Landscape

14.1.             CP VIETNAM LIVESTOCK JOINT STOCK COMPANY

14.2.             SAO TA FOODS JOINT STOCK COMPANY

14.3.             Minh Phu Seafood Group JSC

14.4.             VINH HOAN CORPORATION

14.5.             GreenFeed Vietnam Corp.

14.6.             Dai Phat Food Training Service Co., Ltd

14.7.             Kido Foods, Joint Stock Company

14.8.             Viet Asia Foods Company Limited

14.9.             CK Frozen Foods Vietnam Company Ltd

14.10.           Dalat – Japan Food Co., Ltd.

14.11.           L&H FOOD CO., LTD.

14.12.           San Ha Co., Ltd.

15.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1: Vietnam Frozen Food Market Size, By Value (USD Million), 2017-2027F

    Figure 2: Vietnam GDP at Current Price (in USD Billion), 2016-2020

    Figure 3: Vietnam Urban Population as a Percentage (%) of Total Population (2016-2020)

    Figure 4: Vietnam Frozen Food Market Share, By Category, By Value, 2017-2027F

    Figure 5: Vietnam Frozen Food Market Share, By Product Type, By Value, 2017-2027F

    Figure 6: Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2017-2027F

    Figure 7: Vietnam Frozen Food Share, By Region, By Value, 2017-2027F

    Figure 8: Vietnam Frozen Food Market Share, By Company, By Value, 2021

    Figure 9: Vietnam Frozen Food Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 10: Vietnam Frozen Food Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 11: Vietnam Frozen Meat, Poultry, & Seafood Market Size, By Value (USD Million) & By Volume (Million Kg), 2017-2027F

    Figure 12: Vietnam Meat Consumption by Type, 2020

    Figure 13: Vietnam Frozen Meat, Poultry, & Seafood Market Share, By Product Type, By Value, 2017-2027F

    Figure 14: Vietnam Frozen Meat, Poultry, & Seafood Market Share, By Distribution Channel, By Value, 2017-2027F

    Figure 15: Vietnam Frozen Snacks Market Size, By Value (USD Million) & By Volume (Million Kg), 2017-2027F

    Figure 16: Vietnam Major Frozen Snacks Suppliers and Their Offerings

    Figure 17: Vietnam Frozen Snacks Market Share, By Product Type, By Value, 2017-2027F

    Figure 18: Vietnam Frozen Snacks Market Share, By Distribution Channel, By Value, 2017-2027F

    Figure 19: Vietnam Frozen Fruits & Vegetables Market Size, By Value (USD Million) & By Volume (Million Kg), 2017-2027F

    Figure 20: Vietnam Exports of Fruits & Vegetables 2017-2020 (USD Billion)

    Figure 21: Vietnam Frozen Fruits & Vegetables Market Share, By Product Type, By Value, 2017-2027F

    Figure 22: Vietnam Frozen Fruits & Vegetables Market Share, By Distribution Channel, By Value, 2017-2027F