Vietnam Frozen food market is
expected to reach USD2291.28 million by 2026F, growing at a CAGR of 7.26% during
the forecast period. Vietnam frozen food market is mainly driven by rising GDP, increasing per capita
income, surge in
sales through e-commerce, changing consumer perception, enhancement of food
quality using irradiation, etc. Frozen food falls under the convenience food
category, in which preparation time for the food is extremely short.
Convenience is the major factor associated with ready-to-eat food products,
bringing significant time savings for consumers. Frozen food meets specific
requirements such as convenience, nutritional adequacy, shelf stability, and
storage. Post the introduction of retorting technology, sales of frozen food
products have spiked due to their superior packaging, taste and flavors. The food habits of people in
Vietnam are continuously changing due to busy lifestyle, increasing population,
increasing work hours and continuous emigration to urban areas for highly paid
The COVID-19 outbreak has
introduced e-commerce to many Vietnamese consumers who were earlier not very
much interested in online grocery shopping and e-payments. By shopping online,
they experience the benefits of not going out and variety of places to choose
from, among others. This has resulted in a surge in online demand for grocery
products like frozen food, which are normally not key products for the
e-commerce sector. For instance, the sales of online platform Shopee increased
by 25% after the COVID-19 outbreak. The outbreak of pandemic led to the increased
sales of frozen food via online channel.
The Vietnam frozen food market is
segmented into by category, by product type, by distribution channel, by region
and by company. In terms of category, the market can be segregated into
Ready-to-Eat, Ready-to-Cook & Others (Raw Meat, Raw Vegetables, Raw Fruit,
etc.). Among these, Ready to eat category dominated the market with more than 25%
market share in Vietnam frozen food market in 2020 whereas Ready-to-Cook is the fastest
growing category in the country’s frozen food market because of the convenience
it provides. Furthermore, people prefer to ready-to-cook frozen food because it
saves their time, energy, and money. Furthermore, as people's standard of
living is rising because of rising income levels, they are changing their taste
preferences and favoring ready-to-cook frozen foods over home-cooked food.
Regionally, the Vietnam frozen
food market has been segmented into various regions including Northern,
Southern and Central. Among these, Northern region dominated the Vietnam frozen
food market in 2020 and is the leading market followed by Southern
region on account of growing middle class population base and rising disposable
the leading players in Vietnam frozen food market are 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.
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the Study:
- To analyze the historical growth in the
market size of the Vietnam frozen food market from 2016 to 2020.
- To estimate and forecast the market size of
the Vietnam frozen food market from 2021E to 2026F and growth rate until
- To define, classify and forecast the Vietnam
frozen food market based on by category, by product type, by distribution
channels, by region and by company.
- To identify the dominant region or segment
in the Vietnam frozen food market.
- To identify drivers and challenges for the Vietnam
frozen food market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc. in the Vietnam
frozen food market.
- To identify and analyze the profile of
leading players operating in the Vietnam frozen food market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the Vietnam. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include the manufacturers
which could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the Vietnam frozen food market.
Research calculated the market size of the Vietnam frozen food market using a
bottom-up & top-down approach, wherein data for various product type
segments were recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated them through analyzing historical data of these product
types and distribution channels for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations, and financial reports
were also studied by TechSci Research.
food manufacturers, suppliers, distributors and other stakeholders.
bodies such as regulating authorities and policy makers.
research and consulting firms.
forums and alliances related to frozen food.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
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:
Frozen Food Market, By Category:
Frozen Food Market, By Product Type:
§ Frozen Meat, Poultry, &
§ Frozen Snacks
o Sausages and Hotdogs
o Frozen Dumplings
o Frozen Meatballs
o Frozen Nuggets
o Breaded Snacks
o Frozen Springrolls
o Frozen Fishballs
o Others (Fritter, Rolls, Fries,
§ Frozen Fruits & Vegetables
o Frozen Vegetable
o Frozen Fruit
§ Frozen Desserts
§ Frozen Cooked Ready Meals
Frozen Food Market, By Distribution Channel:
§ Departmental Store
§ Specialty Stores
• Vietnam Frozen Food Market,
Company Profiles: Detailed analysis of the
major companies present in Vietnam frozen food market.
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:
analysis and profiling of additional market players (up to five).