Vietnam Lipid Market to Grow with a CAGR of 7.23% through 2030
Rising demand for functional foods
and supplements is expected to drive the Vietnam Lipid Market growth in the
forecast period, 2026-2030.
According to TechSci Research report, “Vietnam Lipid
Market –– By Region, Competition, Forecast and Opportunities, 2030F”, the Vietnam
Lipid Market stood at USD
124.32 Million in 2024 and is expected to reach USD 189.44 Million by 2030 with
a CAGR of 7.23% during the forecast period.
The Vietnam
lipid market is experiencing significant growth, driven by a combination of
health-conscious consumer behavior, rising awareness of the benefits of healthy
fats, and the increasing prevalence of lifestyle-related diseases such as
cardiovascular diseases, diabetes, and obesity. As the country continues to
modernize and urbanize, there is a noticeable shift in dietary habits, with
more consumers opting for health-focused products, particularly those rich in
beneficial lipids like omega-3 and omega-6 fatty acids. These essential fats,
known for their heart-health and anti-inflammatory benefits, have gained
traction among consumers, particularly in urban centers where there is a
stronger focus on preventive health and wellness.
The Vietnamese
population is increasingly adopting healthier lifestyles, influenced by both
global health trends and government health initiatives. With cardiovascular
diseases becoming one of the leading causes of death in Vietnam, there is a
growing emphasis on reducing risk factors such as high cholesterol and high
blood pressure, which has led to the rising demand for lipid-based products,
particularly omega-3 fatty acid supplements. These supplements are widely
recommended for their ability to manage cholesterol levels, lower
triglycerides, and improve overall heart health. Omega-3 fatty acids, primarily
sourced from fish oils, are gaining popularity as a daily supplement, helping
to drive the market in both urban and rural areas. Other essential lipids, such
as omega-6 fatty acids and monounsaturated fats, are also being incorporated
into functional food products and dietary supplements, further expanding the
lipid market in Vietnam.
The growth of
the lipid market is also supported by the increasing prevalence of lifestyle
diseases, particularly among the aging population. Vietnam is experiencing a
demographic shift, with a larger proportion of the population entering middle
age and beyond, making them more susceptible to chronic conditions like
cardiovascular diseases, diabetes, and obesity. These conditions are commonly
associated with poor diet and lack of physical activity, both of which
contribute to an increased demand for health supplements and functional foods
that can help manage these conditions. Lipid-based products, such as those
containing omega-3 and omega-6 fatty acids, are being marketed as part of
preventive healthcare strategies aimed at maintaining cardiovascular health,
improving brain function, and reducing inflammation. As more Vietnamese
consumers seek preventive solutions to manage their health, the demand for
lipid-based products is expected to continue growing.
In addition to
the healthcare-driven demand for lipid supplements, there is also a noticeable
shift toward healthier eating habits, particularly among the urban middle
class. Urbanization in Vietnam has led to a more globalized diet, with
consumers becoming increasingly aware of the benefits of healthy fats like
those found in plant-based oils, fish, and nuts. Functional foods, which
contain added nutrients such as omega-3 fatty acids, are becoming more popular,
particularly in urban centers such as Ho Chi Minh City and Hanoi. Consumers are
increasingly seeking out fortified foods that offer specific health benefits,
and many food companies are responding by adding omega-3s to products such as
cooking oils, snacks, and beverages. This trend has further propelled the
demand for lipids in the food and beverage sector, creating a dynamic market
for both functional foods and dietary supplements.
The growth of
the lipid market in Vietnam is also driven by the increasing disposable income
of the population. As the country’s economy continues to expand, particularly
in the southern and central regions, more people are able to invest in
health-enhancing products, including lipid-based supplements and functional
foods. The expanding middle class, especially in urban areas, is becoming more
health-conscious and willing to spend on premium health products, including
those that promote heart health, cognitive function, and overall well-being. As
a result, the lipid market is witnessing a surge in consumer demand for
higher-quality products that offer tangible health benefits. This trend is
especially evident in the demand for omega-3 supplements, as consumers seek out
products that can improve cardiovascular health, reduce inflammation, and
support brain function.
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The Vietnam Lipid Market is segmented into phase,
application, product, regional distribution, and company.
Based on product, triglycerides are currently the
dominant type of lipid. Triglycerides, which are the most common form of fat
found in the human body and in food, play a crucial role in energy storage and
metabolism. They are the primary form of fat present in vegetable oils, fish
oils, and animal fats, which are widely consumed in Vietnam. With the
increasing demand for heart-healthy products and the growing awareness of the
benefits of essential fatty acids, triglycerides, especially those rich in
omega-3 fatty acids, have become a focal point in the market for dietary
supplements and functional foods. Triglycerides are favored not only for their
nutritional benefits but also for their versatility in food products. They are
commonly found in oils used for cooking, as well as in supplements such as fish
oil capsules, which are recognized for their cardiovascular and cognitive
health benefits. In Vietnam, as the population becomes more aware of the risks
associated with heart disease and other chronic conditions, the demand for
triglyceride-rich products, particularly those containing omega-3s and omega-6s,
has increased significantly. Omega-3 triglycerides, sourced from fish and algae
oils, are promoted for their ability to reduce inflammation, lower cholesterol,
and support brain health, making them a popular choice among health-conscious
consumers.
Based on region, Northern Vietnam is the
second-dominating region in the Vietnam lipid market, after the southern
region. Northern Vietnam, particularly Hanoi, has seen significant growth in
health-conscious consumer behavior, fueled by rising awareness of the
importance of a balanced diet and preventive health measures. As the capital
city, Hanoi serves as a hub for healthcare advancements, modern retail, and
increasing access to health-related products, including lipid-based dietary
supplements and functional foods. The demand for lipid supplements, especially
those rich in omega-3 and omega-6 fatty acids, is growing in Northern Vietnam
due to rising awareness of lifestyle diseases such as cardiovascular disease,
diabetes, and obesity. Urbanization in the region has brought about more
health-conscious populations that are actively seeking products to manage and
prevent these conditions. The presence of well-established retail networks,
including pharmacies, supermarkets, and online platforms, has made lipid-based
products more accessible to consumers in the region.
Major companies
operating in the Vietnam Lipid Market are:
- Evonik Vietnam LLC
- Merck Vietnam Company Ltd.
- Croda Vietnam
- Cargill Vietnam Limited
- BASF Vietnam Limited
- ADM Vietnam Co., LTD
- DSM Nutritional Products Vietnam Ltd.
- Greenwise International Company Limited (Nordic
Naturals)
- Funiko Vietnam Joint Stock Company
- B. Braun Vietnam Co., Ltd.
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“The future of
the Vietnam lipid market looks promising, driven by increasing consumer
awareness of health and wellness, alongside the growing prevalence of
lifestyle-related diseases. As the middle class expands and urbanization
continues, demand for lipid-based products, particularly omega-3 and omega-6
fatty acids, is expected to rise significantly. The trend toward preventive
healthcare will further accelerate the adoption of lipid supplements and
functional foods, especially in urban centers. As consumers become more
health-conscious, there will be an increasing preference for natural,
high-quality lipid products in both the food and pharmaceutical sectors.
Innovations in lipid-based formulations, particularly those targeting heart
health, cognitive function, and inflammation, will play a critical role in
market expansion. However, challenges such as consumer education,
affordability, and regulatory standards must be addressed to unlock the full
potential of the market. Overall, the Vietnam lipid market is poised for robust
growth in the coming years”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Vietnam
Lipid Market By Phase (Clinical, Pre-Clinical, And Others), By
Application (Food & Beverages, Pharmaceuticals, Nutrition & Supplements,
And Others), By Product (Triglycerides, Phospholipids, Sphingolipids, Ionizable
Lipids and Others), By Region, Competition, Forecast and
Opportunities, 2020-2030F”, has evaluated
the future growth potential of Vietnam Lipid Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Vietnam Lipid Market.
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