Below are some highlighted findings in this preview:

1. Vietnam dairy market has 04 main segments including Drinking milk, Powdered milk, Yogurt and Condensed milk. Of which, Yogurt is the fastest-growing segment driven by the rising health-consciousness trend.
2. Dairy market size in Vietnam is estimated at approx. US$4.6bn in 2017, posting CAGR 2014-2017 of 7.8%. The market recorded growth rate recovery of 10.5% in 2017, driven by the expansion of powdered milk and other dairy products such as cheese, butter or ice-cream with growth rate of 11.7% and 19.5% respectively.
3. Vietnam still relies on import raw material due limited local production capacity. However, in recent years, local giant dairy companies including TH and Vinamilk are focusing in developing raw materials with the establishment of big dairy cow farm, resulting in a decrease in import.
4. The market is concentrated as Top 5 players accounted for 85% market share in 2017. Vinamilk remained the leading company with approx. 50% market share by net sales. The market continued to witness fierce competition with new product launch, dairy retail chain expansion and active investment in dairy farms.
5. The sector is expected to enjoy healthy growth rate in coming years thanks to: 2% average population growth with rising health improvement initiatives; rising health-awareness (driving yogurt, drinking milk and powdered milk segments); zero import tariff with FTAs such as CPTPP