Report Description

Vietnam Specialty Fats & Oils Market is projected to grow at a strong CAGR over the next five years owing to rising living standards, better disposable income and better knowledge of the health benefits in the country. Moreover, major manufacturers in Vietnam are focusing on product innovation and increasing distribution channel to expand their business which will further propel the demand for Specialty Fats & Oils Market in Vietnam. Based on application, the market has been segmented into Chocolate and Confectionary, Bakery, Processed Food, Dairy, Cosmetics, Baby Food and Others. In 2021, the Cocoa Butter Equivalent was the largest segment of the specialty fats and oils market. Based on by form type, the market is divided into Dry and liquid. According to geography, the market is segmented into regions namely North, South and Central Vietnam. Moreover, Vietnam is a growing market for oilseeds due to increasing demand for meat and production of livestock, which are fed with soya meal. Furthermore, increasing research and development for manufacturing innovative products in Vietnam will further propel the growth of the speciality fats & oils market.

Some of the leading players in the Vietnam Specialty Fats & Oils Market are GEF, Parisons Paras Group, Aak Kamani Private Limited, Wilmar International, Cargill, Musim Mas, International Foodstuff Company Limited (IFFCO), Mewah International, Fuji Oil, D&L Industries etc.

Objective of the Study:

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

  • Specialty Fats & Oils manufacturers
  • Raw Material Supplier
  • End Users
  • Distributors, and Suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • 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.




Base Year



Historical Data

2017 – 2020


Estimated Year



Forecast Period

2023 – 2027


Quantitative Units

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

Report coverage

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

Segments covered

·         Type

·         Form

·         Functionality

·         Application


Regional scope

Central Region, Northern Region, Southern Region


Key companies profiled

GEF, Parisons Paras Group, Aak Kamani Private Limited, Wilmar International, Cargill, Musim Mas, International Foodstuff Company Limited (IFFCO), Mewah International, Fuji Oil, D&L Industries.


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/Word format on special request)


Report Scope:

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

  • Market, By Type:
    • Specialty Fats
      • Cocoa Butter Equivalents
      • Cocoa Butter Improvers
      • Cocoa Butter Replacers
      • Dairy Fat Replacers
      • Others
    • Specialty Oils
      • Palm Oil
      • Coconut Oil
      • Soybean Oil
      • Rapeseed Oil
      • Others
  • Market, By Form:
    • Dry
    • Liquid
  • Market, By Functionality:
    • Molding
    • Texturing
    • Filling
    • Coating
    • Health
    • Others
  • Market, By Application:
    • Chocolates & Confectioneries
    • Processed Foods
    • Bakery Products
    • Dairy Products
    • Others
  •  Market, by Country:

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Specialty Fats & Oils 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]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Vietnam Specialty Fats & Oils Market

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Brand Recall

5.3.  Brand Awareness

5.4.  Product Pricing

5.5.  Challenges & Unmet Needs

6.    Vietnam Specialty Fats & Oils Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Specialty Fats and Specialty Oils)

6.2.2.     By Form (Dry and Liquid)

6.2.3.     By Functionality (Molding, Texturing, Filling, Coating, Health and Others)

6.2.4.     By Application (Chocolates & Confectioneries, Processed Foods, Bakery Products, Dairy Products and Others)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Market Attractiveness Index

7.    Vietnam Specialty Fats Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Form

7.2.2.     By Application

7.2.3.     Pricing Analysis

7.3.  Market Attractiveness Index

8.    Vietnam Specialty Oils Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Form

8.2.2.     By Application

8.2.3.     Pricing Analysis

8.3.  Market Attractiveness Index

9.    Value Chain & Profitability Analysis

10.  Price Point Analysis

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Vietnam Economic Profile

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles (Top 10 Companies)

15.2.1.  GEF

15.2.2.  Parisons Paras Group

15.2.3.  Aak Kamani Private Limited

15.2.4.  Wilmar International

15.2.5.  Cargill

15.2.6.  Musim Mas

15.2.7.  International Foodstuff Company Limited (IFFCO)

15.2.8.  Mewah International

15.2.9.  Fuji Oil

15.2.10.                D&L Industries

16. Strategic Recommendation

Figures and Tables

Frequently asked questions


Increasing disposable income, rising demand for bakery and confectionery products, increasing research and development are expected to drive the Vietnam specialty fats & oils Market during forecast period.


Vietnam specialty fats & oils market is segmented on the basis of type, form, functionality, application, and country.


Based on application, bakery products is expected to hold the largest share in Vietnam specialty fats & oils market during forecast period


Some of the leading players in the Vietnam specialty fats & oils Market are GEF, Parisons Paras Group, Aak Kamani Private Limited, Wilmar International, Cargill, Musim Mas, International Foodstuff Company Limited (IFFCO), Mewah International, Fuji Oil, D&L Industries etc


Parvati Sharma

Account Manager BD
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