Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1755.53 Million

CAGR (2023-2028)

8.72%

Fastest Growing Segment

Online

Largest Market

Northern Vietnam

Market Overview

Vietnam Frozen Food Market has valued at USD 1755.53 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.72% through 2028. The Vietnam Frozen Food Market has witnessed substantial growth and transformation in recent years, reflecting changing consumer lifestyles, increased urbanization, and a growing preference for convenient and ready-to-eat food products. This market has become a dynamic and integral part of the country's food industry, offering a wide range of frozen food options to consumers.

Rapid urbanization has led to busier lifestyles, with many households opting for quick and convenient meal solutions. Frozen foods, with their ease of preparation and longer shelf life, have become a go-to option for urban consumers. Modern Vietnamese consumers are increasingly seeking out convenient, time-saving options. This shift in consumer habits has fueled the demand for frozen food products that are easy to store and prepare.

Frozen food products are widely available in various retail channels, including supermarkets, convenience stores, and online platforms. This accessibility has played a pivotal role in driving market growth. The Vietnam Frozen Food Market encompasses a wide range of products, including frozen fruits and vegetables, ready meals, frozen meat and seafood, and frozen snacks. This diversification allows consumers to choose from an array of options to suit their tastes and dietary preferences.

Some consumers may still perceive fresh food as superior to frozen alternatives. Overcoming this perception requires educating consumers about the benefits of frozen foods, including their nutritional value and convenience. As with any convenience food, there is a need to address concerns about additives and preservatives in frozen products. Manufacturers should prioritize using high-quality ingredients and minimizing additives. Maintaining a cold chain is crucial for the quality and safety of frozen foods. Ensuring efficient and reliable cold storage and transportation is a challenge.

Manufacturers can continue to innovate by introducing healthier, more natural, and ethnically diverse frozen food options. The market can promote the convenience of frozen foods for consumers with busy schedules or those looking for quick meal solutions. The growth of e-commerce provides opportunities for online sales of frozen food products, allowing consumers to order from the comfort of their homes.

Key Market Drivers

Changing Lifestyle and Urbanization

One of the primary drivers fueling the growth of the Vietnam Frozen Food Market is the changing lifestyle of the population, particularly in urban areas. As urbanization continues to accelerate, there is a growing demand for convenient and time-saving food options. The fast-paced urban lifestyle, with longer working hours and hectic schedules, has led consumers to seek easy-to-prepare, ready-made frozen meals and snacks.

In urban households, where both partners are often employed, the need for quick and hassle-free meal solutions has become a priority. Frozen foods offer a convenient alternative to traditional cooking, allowing consumers to prepare meals with minimal effort and time. This trend is further amplified by the increasing number of single-person households and smaller families in urban areas, as these consumers often prefer portion-controlled frozen meals to reduce food wastage.

Furthermore, the rise of e-commerce and online grocery delivery services has made frozen foods even more accessible to urban consumers. They can conveniently order a variety of frozen products from their smartphones and have them delivered to their doorsteps. This has led to increased adoption of frozen foods, especially in urban centers like Ho Chi Minh City and Hanoi.

Expansion of Retail Channels

The expansion and diversification of retail channels have played a significant role in driving the growth of the Vietnam Frozen Food Market. Traditional wet markets and mom-and-pop stores are still prevalent in the country, but modern retail formats such as supermarkets, hypermarkets, and convenience stores have gained substantial traction in both urban and rural areas.

Modern retail outlets provide consumers with a wide selection of frozen food products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and more. The availability of these products in modern stores has made it easier for consumers to discover and purchase frozen foods. Moreover, the modern retail sector offers a more controlled and hygienic environment for frozen food storage, ensuring that products maintain their quality.

The growth of convenience stores has been particularly notable, as these outlets cater to consumers looking for quick, on-the-go meal options. These stores often stock a variety of frozen snacks and microwavable products, making it convenient for consumers to grab a frozen meal when they are in a hurry.

Online grocery platforms and food delivery services have also played a pivotal role in expanding the reach of frozen foods. Consumers can now order frozen products online, further enhancing the market's accessibility and convenience.

Increasing Health and Wellness Consciousness

The rising awareness of health and wellness has had a profound impact on the Vietnam Frozen Food Market. Consumers are becoming more conscious of the nutritional content and ingredient quality of the foods they consume. In response to this trend, frozen food manufacturers have introduced healthier frozen options to meet consumer demands.

One of the key drivers of this health-conscious trend is the growing concern about food safety and hygiene. Consumers are increasingly looking for products that are produced and handled under strict quality control measures to minimize the risk of contamination. Frozen foods are often perceived as safer and more reliable in terms of food safety compared to some fresh food products.

To cater to health-conscious consumers, frozen food producers have expanded their product portfolios to include low-sodium, low-sugar, and low-fat options. Additionally, there is a growing demand for frozen fruits and vegetables that retain their nutritional value through the freezing process. These products are particularly popular among consumers looking to increase their daily intake of fruits and vegetables without the risk of spoilage.

Furthermore, the demand for organic and natural frozen foods has increased. These products are often free from artificial additives, preservatives, and genetically modified organisms (GMOs). The emphasis on organic and natural ingredients aligns with the desire for healthier and more sustainable food choices.


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Key Market Challenges

Cold Chain Infrastructure and Distribution Challenges

One of the most significant challenges facing the Vietnam Frozen Food Market is the inadequate cold chain infrastructure and distribution network. Maintaining the required temperature levels from production to storage, transportation, and retail outlets is crucial for preserving the quality and safety of frozen food products. Unfortunately, Vietnam's cold chain infrastructure is still developing, and there are several issues:

Limited Refrigerated Storage Facilities: The availability of cold storage facilities is insufficient, particularly in rural areas, where infrastructure development has lagged behind urban centers. This results in difficulties in storing and distributing frozen products effectively, leading to supply chain disruptions.

Transportation Constraints: The transportation of frozen foods over long distances can be challenging, especially in hot and humid weather conditions. Ensuring that the cold chain is maintained throughout the distribution process is often a logistical hurdle.

Inadequate Temperature Monitoring: Inconsistent temperature monitoring during transportation and storage can result in product quality degradation or even safety concerns. Implementing advanced tracking and monitoring systems is essential but often faces adoption challenges.

Limited Rural Access: In rural areas, where frozen food demand is also increasing, access to cold storage and distribution infrastructure is limited, hindering market penetration.

Quality and Safety Assurance

Maintaining the quality and safety of frozen food products is a paramount concern, and several challenges are associated with achieving this goal:

Food Safety Standards: Adhering to rigorous food safety standards and regulations is essential. Ensuring that frozen food products meet these standards at every stage of the supply chain can be challenging, especially for smaller producers who may have limited resources for quality control and testing.

Product Labeling and Information: Providing clear and accurate information on packaging, including ingredients, nutritional content, and preparation instructions, is crucial. Challenges arise when producers fail to meet these requirements, potentially leading to consumer confusion and safety concerns.

Quality Control: Maintaining consistent product quality across batches is challenging, particularly for smaller producers and local manufacturers. Ensuring that the freezing process is effective and that the products are free from contaminants can be resource-intensive.

Consumer Education: Educating consumers about proper storage, handling, and preparation of frozen food products is essential to avoid foodborne illnesses. Insufficient knowledge among consumers can lead to misuse and safety risks.

Consumer Preferences and Market Competition

The Vietnam Frozen Food Market faces evolving consumer preferences and increased competition, which can be both an opportunity and a challenge:

Traditional vs. Modern Preferences: While there is a growing trend of urbanization and busy lifestyles that drive the demand for convenient frozen food products, there is also a strong tradition of freshly prepared meals in Vietnamese cuisine. Balancing the demand for traditional, fresh dishes with the convenience of frozen food can be challenging.

Health and Nutrition Concerns: Consumers are becoming more health-conscious and seeking nutritious, minimally processed frozen food options. Producers need to adapt their products to cater to these preferences while maintaining taste and affordability.

Competitive Landscape: The Vietnam Frozen Food Market is becoming increasingly competitive, with both domestic and international players vying for market share. This competition can lead to price wars and lower profit margins for producers.

Product Innovation: Keeping up with consumer preferences for new and innovative frozen food products is a challenge. Manufacturers need to invest in research and development to offer unique and appealing items.

Retail Environment: Changes in the retail landscape, including the growth of e-commerce and online grocery shopping, present both challenges and opportunities. Adapting to new retail models and ensuring the cold chain is maintained during online deliveries is essential.

Key Market Trends

Rising Demand for Convenience and Time-Saving Solutions

In today's fast-paced world, convenience has become a paramount factor influencing consumer choices. As a result, the demand for frozen foods has surged in Vietnam. These products offer several advantages that cater to the need for convenient and time-saving meal solutions:

Ease of Preparation: Frozen foods, whether ready-to-eat meals, frozen vegetables, or pre-marinated proteins, simplify meal preparation. Consumers can quickly assemble a complete meal without the need for extensive cooking or meal planning.

Extended Shelf Life: Frozen foods have a longer shelf life compared to fresh products. This aspect appeals to consumers who prefer to stock up on food items without worrying about spoilage. It also aligns with the Vietnamese practice of buying groceries in bulk.

Variety and Availability: The frozen food market offers a wide array of products, including frozen fruits, vegetables, seafood, poultry, and processed foods like spring rolls and dumplings. This variety allows consumers to access diverse meal options and experiment with different cuisines.

Frozen Ready-to-Eat Meals: The popularity of frozen ready-to-eat meals is on the rise, offering a solution for consumers seeking quick, tasty, and hassle-free dining experiences. These meals cater to busy individuals and families who may not have the time to cook from scratch.

Health and Wellness Emphasis

While convenience is a significant driver in the frozen food market, health and wellness considerations are increasingly shaping consumer choices. As consumers become more health-conscious, the frozen food industry has responded with products that align with their dietary and nutritional goals:

Nutrient-Rich Options: The market now offers frozen foods that are rich in nutrients, making them a healthy alternative to processed or fast food options. Frozen fruits and vegetables, for instance, retain their essential vitamins and minerals.

Clean Label Products: Consumers are showing a preference for clean label products with minimal additives and preservatives. Many frozen food manufacturers are responding by offering cleaner ingredient lists and transparency in labeling.

Plant-Based and Healthier Alternatives: The growing global trend towards plant-based diets has influenced the Vietnam frozen food market. Manufacturers are developing plant-based frozen products, including plant-based meat alternatives and vegetarian frozen meals.

Portion Control: Frozen foods often come in pre-portioned servings, making it easier for consumers to manage their calorie intake and avoid overeating. This trend aligns with the broader movement towards portion control and mindful eating.

Customization: Some frozen food brands are allowing consumers to customize their meals, selecting specific ingredients to suit their dietary preferences, such as gluten-free, low-sodium, or low-fat options.

E-commerce and Digital Transformation

The rapid growth of e-commerce and digital technology in Vietnam has had a significant impact on the frozen food market. This trend reflects changing shopping behaviors and preferences:

Online Grocery Shopping: The convenience of online grocery shopping has driven the sales of frozen foods. Consumers can easily browse through a wide selection of frozen products, read reviews, and have their orders delivered to their doorstep.

Delivery Services: Many e-commerce platforms offer same-day or next-day delivery services, ensuring that frozen products reach consumers quickly and maintain their quality.

Digital Marketing and Promotion: Frozen food brands are increasingly using digital marketing strategies, including social media advertising and influencer partnerships, to reach their target audience and showcase their products.

Consumer Reviews and Recommendations: Online platforms allow consumers to leave reviews and recommendations for frozen products. This user-generated content can significantly influence purchasing decisions.

Mobile Apps and Meal Planning: Mobile apps that assist with meal planning and recipe ideas have become popular. These apps often suggest frozen food options for quick and convenient meal preparation.

Data Analytics and Personalization: Retailers and brands are utilizing data analytics to understand consumer preferences better. This data is used to personalize offers, promotions, and product recommendations.

Segmental Insights

Category Insights

Ready-to-Eat (RTE) foods have established a substantial presence in the Vietnam Frozen Food Market, reflecting the changing consumer lifestyles, urbanization, and the demand for convenient meal options. The popularity of RTE frozen foods can be attributed to several key factors, which have contributed to their significant share in the market.

Changing Consumer Lifestyles: With the fast-paced lifestyles of modern consumers, there is an increasing demand for quick and convenient meal solutions. Ready-to-Eat frozen foods cater to this need, offering a convenient way to prepare meals without the time-consuming process of cooking from scratch.

Urbanization: As Vietnam undergoes rapid urbanization, more people are living in urban areas with limited time for meal preparation. This demographic shift has driven the demand for frozen RTE options that provide a quick and easy way to satisfy hunger and enjoy a variety of cuisines.

Variety and Convenience: The Vietnam Frozen Food Market offers a diverse range of RTE options, including frozen pizzas, microwavable meals, frozen snacks, and international cuisines. These choices cater to different tastes and preferences, allowing consumers to enjoy restaurant-quality dishes in the comfort of their homes.

Extended Shelf Life: Frozen RTE foods have an extended shelf life, making them suitable for consumers who want to stock up on convenient meal options and reduce food waste. The longer shelf life ensures that consumers always have a readily available source of meals.

Economic Factors: While dining out can be expensive, RTE frozen foods offer a more cost-effective alternative to restaurant dining. Consumers can enjoy a restaurant-style experience at a fraction of the cost, making it an attractive option for budget-conscious individuals and families.

Technological Advancements: Innovations in food processing and freezing technologies have improved the quality of frozen RTE foods. These advancements have enhanced the taste, texture, and nutritional value of these products, making them more appealing to consumers.

Accessibility: Frozen RTE foods are widely available in supermarkets, convenience stores, and online marketplaces. This accessibility ensures that consumers can easily purchase these products and enjoy a convenient meal solution whenever they desire.

Culinary Diversity: The Vietnam Frozen Food Market offers a wide range of RTE options, allowing consumers to explore different cuisines and flavors. Whether it's Vietnamese, Western, Asian, or international cuisine, the diversity of choices appeals to a broad spectrum of tastes.

Meal Customization: Some RTE frozen food products offer customization options, enabling consumers to add their preferred ingredients or toppings to create a personalized dining experience. This feature enhances the appeal of frozen RTE options.

Healthier Alternatives: The market has seen the introduction of healthier RTE options, including those with reduced salt, sugar, and preservatives. These products cater to health-conscious consumers who are looking for convenient yet nutritious meal choices.

Distribution Channel Insights

Online retail channels have carved out a significant share in the Vietnam Frozen Food Market, reshaping the way consumers access, purchase, and enjoy frozen food products. This shift has been driven by several factors that have propelled online sales to prominence in the market.

Convenience and Accessibility: Online platforms have redefined the convenience of shopping for frozen food. Consumers can browse and purchase a diverse range of frozen products from the comfort of their homes, eliminating the need for physical store visits. This accessibility is especially valuable in today's fast-paced, digital-driven world, where convenience is a top priority for many consumers.

Wide Product Range: Online retailers offer an extensive selection of frozen food products, from frozen fruits and vegetables to ready-to-eat meals, meat, seafood, and baked goods. This diverse product range allows consumers to explore and select products that cater to their specific tastes and dietary preferences. Online platforms enable customers to compare products, read reviews, and discover new items, creating a comprehensive shopping experience.

Competitive Pricing and Discounts: Online marketplaces often feature competitive pricing, discounts, and special promotions for frozen food products. Shoppers can take advantage of these deals, especially during sales events and promotional campaigns. The ability to compare prices across multiple online sellers ensures that consumers secure the best deals on their frozen food purchases.

Home Delivery Services: Online retailers provide the convenience of home delivery for frozen food items. Consumers can have their frozen products delivered to their doorsteps, eliminating the need to transport heavy and bulky items from physical stores. This feature is particularly advantageous for those with busy schedules or limited mobility.

Consumer Reviews and Ratings: Online platforms frequently display customer reviews and ratings for frozen food products. Potential buyers benefit from the experiences and insights of others who have purchased and used these items. These reviews guide consumers in making informed decisions and selecting products that align with their preferences.

Specialty and Niche Products: Online retailers are well-positioned to offer specialty and niche frozen food products that may not be readily available in local brick-and-mortar stores. This allows consumers to access a wider variety of international or unique frozen items that cater to specific dietary requirements or cultural tastes.

Convenience for Rural Areas: Online shopping eliminates geographical limitations, ensuring that consumers from urban and rural areas of Vietnam have access to a broad range of frozen food products. This is particularly beneficial for individuals living in areas with limited access to physical retail stores.

Secure Payment Options: The growth of online payment solutions and digital wallets in Vietnam has made online shopping even more accessible and secure. Consumers can make payments through a variety of methods, providing flexibility and convenience.


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Regional Insights

Northern Vietnam indeed holds a notable share within the Vietnam Frozen Food Market, contributing significantly to the country's frozen food consumption and industry dynamics.

Northern Vietnamese cuisine, characterized by its diverse flavors and ingredients, often includes dishes that incorporate frozen food items. The region's culinary practices and recipes may involve the use of frozen vegetables, seafood, and meats as key ingredients, driving the demand for frozen food products.

Northern Vietnam, including cities like Hanoi and Hai Phong, hosts extensive distribution networks. These networks efficiently supply frozen food products to various urban and rural areas, ensuring widespread availability and accessibility of frozen food items.

Urban centers in Northern Vietnam experience rapid urbanization and evolving lifestyles. The demand for convenient food options increases in these areas, leading to a higher consumption of frozen foods due to their convenience, longer shelf life, and easy preparation.

The region features a diverse retail landscape, including supermarkets, hypermarkets, convenience stores, and traditional markets. These retail channels offer a wide range of frozen food products, catering to the preferences of consumers with varying income levels and preferences.

As urban populations grow busier, there's a heightened demand for time-saving meal solutions. Frozen foods, with their convenience and quick preparation, appeal to individuals seeking convenient meal options without compromising on taste or nutritional value.

Consumers in Northern Vietnam prioritize food safety and quality. Trusted frozen food brands and products that adhere to strict quality standards and certifications gain favor among consumers concerned about the safety and hygiene of their food choices.

The frozen food market in Northern Vietnam continues to grow, prompting manufacturers and suppliers to introduce innovative frozen food varieties, including frozen fruits, vegetables, seafood, and ready-to-eat meals, to cater to evolving consumer preferences.

In summary, Northern Vietnam's significant share in the Vietnam Frozen Food Market is influenced by cultural culinary practices, changing lifestyles, a robust distribution network, and the region's inclination towards convenient yet quality food options. This sector's growth is likely to persist as frozen foods increasingly become a staple in the Northern Vietnamese diet.

Recent Developments

In December 2021, Strong Roots, a prominent plant-based frozen food company, and McCain Foods, a globally recognized family-owned leader in frozen potato specialties and appetizers, announced a strategic partnership. McCain Foods will be making a USD 55 million investment in Strong Roots, acquiring a minority stake in the business.

Key Market Players

  • CP Vietnam Livestock Joint Stock Company
  • Sao Ta Foods Joint Stock Company
  • Vinh Hoan Corporation
  • GreenFeed Vietnam Corp
  • Cao Phat Food Trading and Service Company Limited
  • Kido Foods Joint Stock Company
  • Viet Asia Foods Company Limited
  • DALAT - JAPAN FOOD CO., LTD.
  • L&H Food Co., LTD.
  • San Ha Co., Ltd.
  • Minh Phu Seafood Corp

 

 By Category

By Product Type

By Distribution Channel

By Region

 

 

  • Ready-to-Eat
  • Ready-to-Cook
  • Others
  • Frozen Meat
  • Frozen Poultry & Seafood
  • Frozen Snacks
  • Frozen Fruits & Vegetables
  • Others
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Specialty Stores
  • Online
  • Others
  • Northern Vietnam
  • Southern Vietnam
  • Central Vietnam

 

 

Report Scope:

In this report, the Vietnam frozen food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Vietnam Frozen Food Market, By Category:

o   Ready-to-Eat

o   Ready-to-Cook

o   Others        

·         Vietnam Frozen Food Market, By Product Type:

o   Frozen Meat

o   Frozen Poultry & Seafood

o   Frozen Snacks

o   Frozen Fruits & Vegetables

o   Others

·         Vietnam Frozen Food Market, By Distribution Channel:

o   Supermarkets/Hypermarkets

o   Departmental Stores

o   Specialty Stores

o   Online

o   Others

·         Vietnam Frozen Food Market, By Region:

o   Northern Vietnam

o   Southern Vietnam

o   Central Vietnam  

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam frozen food market.

Available Customizations:

Vietnam Frozen Food market report 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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vietnam Frozen Food Market 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.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges Faced Post Purchasing

5.    Vietnam Frozen Food Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Category Market Share Analysis (Ready-to-Eat, Ready-to-Cook, Others (Raw Meat, Raw Vegetables, Raw Fruit, etc.))

5.2.2.    By Product Type Market Share Analysis (Frozen Meat, Frozen Poultry & Seafood, Frozen Snacks, Frozen Fruits & Vegetables, Others (Frozen Desserts, Frozen Cooked Ready Meals, etc.))

5.2.3.    By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, Others (Convenience Stores, Direct Sales, etc.))

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map (By Product Type and By Region)

6.    Vietnam Frozen Meat, Poultry & Seafood Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis (Seafood, Meat, Poultry)

6.2.2.    By Distribution Channel Market Share Analysis

6.2.3.    By Region Market Share Analysis

7.    Vietnam Frozen Snacks Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Product Type Market Share Analysis (Frozen Dumplings, Frozen Meatballs, Frozen Nuggets, Frozen Springrolls, Frozen Fishballs, and Others)

7.2.2.    By Distribution Channel Market Share Analysis

7.2.3.    By Region Market Share Analysis

8.    Vietnam Frozen Fruits & Vegetables Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Product Type Market Share Analysis (Frozen Fruits and Frozen Vegetables)

8.2.2.    By Distribution Channel Market Share Analysis

8.2.3.    By Region Market Share Analysis

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10. Impact of COVID-19 on Vietnam Frozen Food Market

10.1.             Impact Assessment Model   

10.1.1. Key Segments Impacted

10.1.2. Key Regions Impacted

11. Market Trends & Developments

12. Policy and Regulatory Landscape

13. Vietnam Economic Profile

14. Competitive Landscape

14.1.   Company Profiles

14.1.1. CP Vietnam Livestock Joint Stock Company

14.1.1.1.     Company Details

14.1.1.2.     Product & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Sao Ta Foods Joint Stock Company

14.1.2.1.     Company Details

14.1.2.2.     Product & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Vinh Hoan Corporation

14.1.3.1.     Company Details

14.1.3.2.     Product & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. GreenFeed Vietnam Corp.

14.1.4.1.     Company Details

14.1.4.2.     Product & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Cao Phat Food Trading and Service Company Limited

14.1.5.1.     Company Details

14.1.5.2.     Product & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Kido Foods Joint Stock Company

14.1.6.1.     Company Details

14.1.6.2.     Product & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Viet Asia Foods Company Limited

14.1.7.1.     Company Details

14.1.7.2.     Product & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. DALAT – JAPAN FOOD CO., LTD.

14.1.8.1.     Company Details

14.1.8.2.     Product & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. L&H Food Co., LTD.

14.1.9.1.     Company Details

14.1.9.2.     Product & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              San Ha Co., Ltd.

14.1.10.1.  Company Details

14.1.10.2.  Product & Services

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

14.1.11.              Minh Phu Seafood Corp

14.1.11.1.  Company Details

14.1.11.2.  Product & Services

14.1.11.3.  Financials (As Per Availability)

14.1.11.4.  Key market Focus & Geographical Presence

14.1.11.5.  Recent Developments

14.1.11.6.  Key Management Personnel

15. Strategic Recommendations

15.1.             Key Focus Areas

15.2.             Target Category

15.3.             Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Figure 1: Vietnam Frozen Food Market Size, By Value (USD Million), 2018-2028F

Figure 2: Vietnam GDP at Current Price (in USD Billion), 2018-2022

Figure 3: Vietnam Urban Population as a Percentage of Total Population, 2018-2022

Figure 4: Vietnam Frozen Food Market Share, By Category, By Value, 2018-2028F

Figure 5: Vietnam Frozen Food Market Share, By Product Type, By Value, 2018-2028F

Figure 6: Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 7: Vietnam Frozen Food Share, By Region, By Value, 2018-2028F

Figure 8: Vietnam Frozen Food Market Share, By Company, By Value, 2022

Figure 9: Vietnam Frozen Food Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 10: Vietnam Frozen Food Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 11: Vietnam Frozen Meat, Poultry, & Seafood Market Size, By Value (USD Million) & By Volume (Million Kg), 2018-2028F

Figure 12: Vietnam Meat Production, 2019-2021 (Million Tons)

Figure 13: Vietnam Frozen Meat, Poultry, & Seafood Market Share, By Product Type, By Value, 2018-2028F

Figure 14: Vietnam Frozen Meat, Poultry, & Seafood Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 15: Vietnam Frozen Snacks Market Size, By Value (USD Million) & By Volume (Million Kg), 2018-2028F

Figure 16: Vietnam Major Frozen Snacks Suppliers and Their Offerings

Figure 17: Vietnam Frozen Snacks Market Share, By Product Type, By Value, 2018-2028F

Figure 18: Vietnam Frozen Snacks Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 19: Vietnam Frozen Fruits & Vegetables Market Size, By Value (USD Million) & By Volume (Million Kg), 2018-2028F

Figure 20: Vietnam Exports of Fruits & Vegetables, 2018-2022 (USD Billion)

Figure 21: Vietnam Frozen Fruits & Vegetables Market Share, By Product Type, By Value, 2018-2028F

Figure 22: Vietnam Frozen Fruits & Vegetables Market Share, By Distribution Channel, By Value, 2018-2028F

Frequently asked questions

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The market size of the Vietnam frozen food market was estimated to be USD 1755.53 million in 2022.

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Challenges in the Vietnam frozen food market include ensuring product quality and safety throughout the supply chain, addressing consumer preferences for fresh foods, and managing the distribution and cold storage infrastructure to prevent product spoilage.

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The Vietnam frozen food market is witnessing growing demand for healthier and more natural frozen food options, including fruits and vegetables. Additionally, there is a rising preference for ready-to-eat and convenience-oriented frozen food products to cater to fast-paced lifestyles.

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The major drivers for the Vietnam frozen food market include changing lifestyles with an emphasis on convenience, a diverse culinary landscape that welcomes frozen food innovations, and the economic growth and urbanization in the region, leading to increased consumer demand for time-saving food solutions. Additionally, the availability of ingredients and a well-developed transportation infrastructure contribute to market growth.

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Parvati Sharma

Account Manager BD
Press Release

Vietnam Frozen Food Market to Grow with a CAGR of 8.72% through 2028

Dec, 2023

Vietnam Frozen Food Market is driven by a combination of factors such as changing lifestyles, the expansion of retail channels, and a growing focus on health and wellness