Vietnam Health Ingredients Market, By Type (Vitamins, Minerals, Prebiotics, and Others), By Application (Food & Beverages, Personal Care, Animal Feed and Others), By Source (Synthetic, Plant, Animal and Others), By Function (Gut Health Management, and Others), By Company and By Geography, Forecast & Opportunities, 2024

Vietnam Health Ingredient Market is projected to grow at a robust CAGR during the forecast period owing to increasing health consciousness among consumers, growing food and beverage processing sectors, rapid urbanization and shifting of consumers from nutrition-based to health-specific food. Moreover, growing investment in public and private health care sector in the country will drive the healthcare market which will further boos the demand for health ingredients market in food industry. Based on source, the market has been segmented into Plant, Animal, Synthetic and others. In 2018, the plant source dominated the market owing to changing consumer preferences from meat-based products to plant-based products. Changing dietary patterns in the country and increasing consumption of food products offering health advantages is driving the healthy ingredients. Moreover, number of individuals are experiencing vitamin and protein inadequacies. Consequently, the demand for food and beverages rich in vitamin, protein and minerals is additionally ascending over the country. The functional food industry has additionally encountered the fastest development in recent years. With the increasing demand, food companies are also introducing new products that are healthy which boost the demand for healthy ingredients across the country.

Years considered for this report:

Historical Year : 2014-2017

Base Year : 2018

Estimated : 2019

Forecast : 2020-2024

Objective of the Study:

• To analyse and forecast the market size of Health Ingredients Market, in terms of value and volume.
• To classify and forecast Vietnam Health Ingredients Market based on type, application, source, function and regional distribution.
• To identify drivers and challenges for Vietnam Health Ingredient Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Health Ingredients Market.
• To conduct the pricing analysis for Health Ingredients Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Vietnam Health Ingredients Market.

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Some of the leading players in the Vietnam Health Ingredient Market are Tate & Lyle PLC, Associated British Foods PLC, Archer Daniels Midland Company, Kerry Group PLC, Ingredion Incorporated, Cargill, Lonza Group Ltd., Royal Frieslandcampina N.V., BASF SE etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across 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 could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Vietnam.

TechSci Research calculated the market size of Vietnam Health Ingredients Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Health Ingredients manufacturers
• Health ingredient suppliers and distributors
• Food & beverage manufacturers
• Research Institutes
• Associations, organizations, forums and alliances related to Health Ingredients.
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam Health Ingredients Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by type:
• Vitamins
• Minerals
• Prebiotics
• Enzymes
• Plant & Fruit Extracts
• Probiotic Starter Cultures
• Others
• Market, by Application:
• Food & Beverages
• Personal Care
• Animal Feed
• Others
• Market, by Source:
• Synthetic
• Plant
• Animal
• Others
• Market, by Function:
• Gut Health Management
• Eye Health Management
• Immunity Enhancement
• Brain Health Management
• Heart/Cardiovascular Health Management
• Others
•  Market, by Country:
• Vietnam
• South Vietnam
• North Vietnam
• Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Health Ingredients Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the 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).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]