Vietnam Frozen Food Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,950	200 Pages	BlueWeave Consulting	August, 2023	BLWC18132136

Best Price Guarantee
Price	from $2,950
Length	200 Pages
Publisher	BlueWeave Consulting
Published Date	August, 2023
SKU	BLWC18132136

Vietnam Frozen Food Market, By Category (Ready-to-Eat, Ready-to-Cook, Others (including Raw Meat, Raw Vegetables, Raw Fruits)); By Product Type (Frozen Meat, Poultry & Seafood, Frozen Snacks, Frozen Fruits & Vegetables, Others (including Frozen Desserts, Frozen Cooked Ready Meals)); By Distribution Channel (Departmental Store, Specialty Store, Supermarkets/Hypermarkets, Online, Others (Convenience Stores, Direct Sales)); By Region (Southern Vietnam, Central Vietnam, Northern Vietnam), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Vietnam Frozen Food Market Size Booming to Cross USD 2.6 Billion by 2029

Vietnam frozen food market is gaining traction because of rapid urbanization, changing lifestyles, and increasing awareness about food safety and hygiene.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam frozen food market size at USD 1,697.6 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Vietnam frozen food market size is projected to grow at a CAGR of 6.68% reaching a value of USD 2,646.51 million by 2029. Booming e-commerce sales, a rise in consumer health concerns, and ongoing advancements in packaging technology are key growth factors for the Vietnam frozen food market. The country's rapid urbanization and rising labor force are also proving to be beneficial factors for the expansion of the frozen food market in Vietnam.

Vietnam Frozen Food Market – Overview

Frozen food is a type of food product that is associated with rapid freezing by preserving it at low temperatures for a period until used. Frozen food gets preserved due to such low temperatures. Frozen food saves time and has long durability, which prevents the growth of bacteria due to freezing temperatures. This makes it convenient for households and restaurants to make cooking processes more efficient. Some common frozen foods are ice cream, chips, frozen vegetables, fruit, plain chicken, sausages, pizza, burgers, sweet corn, desserts, bread, ready-to-eat meals, frozen snacks, and others.

Vietnam Frozen Food Market – By Product Type

Based on product type, the Vietnam frozen food market is segmented into frozen meat, poultry & seafood, frozen snacks, frozen fruits & vegetables, and others (including frozen desserts and frozen cooked ready meals). The frozen meat segment accounts for the highest share in the Vietnam frozen food market owing to the high meat consumption in the country. The frozen cooked ready meals segment also covers a substantial market share owing to its high nutritional value and extended shelf life.

Impact of COVID-19 on the Vietnam Frozen Food Market

The unprecedented COVID-19 pandemic contributed positively to the growth of Vietnam's frozen food market. Due to a lack of production brought on by labor shortages and supply chain disruptions during the pandemic, the market initially suffered. However, the market's growth was significantly accelerated by the market's participants' quick adoption of e-commerce platforms as their primary method of distribution. Additionally, the growth of the work-from-home culture brought on by the virus spread increased the demand for frozen food among the working-class population. The market for frozen foods in Vietnam is expected to greatly benefit from these trends in the years following COVID-19 as well.

Competitive Landscape

Major players operating in the Vietnam Frozen Food market include CP VIETNAM LIVESTOCK JOINT STOCK COMPANY, SAO TA FOODS JOINT STOCK COMPANY, Minh Phu Seafood Group JSC, VINH HOAN CORPORATION, GreenFeed Vietnam Corp., Dai Phat Food Training Service Co., Ltd, Kido Foods, Joint Stock Company, Viet Asia Foods Company Limited, CK Frozen Foods Vietnam Company Ltd, Dalat – Japan Food Co., Ltd., L&H FOOD CO., LTD., and San Ha Co., Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Frozen Food market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Frozen Food market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Frozen Food Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Growth Drivers; 3.2.1.1. Growing urbanization and changing lifestyles; 3.2.1.2. Increasing awareness of food safety and hygiene; 3.2.2. Restraints; 3.2.2.1. Lack of a well-developed cold chain infrastructure in Vietnam; 3.2.2.2. Price sensitivity; 3.2.3. Opportunities; 3.2.3.1. Product innovation; 3.2.3.2. Growing demand for convenience; 3.2.4. Challenges; 3.2.4.1. Negative perceptions about processed foods; 3.3. Technological Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. Vietnam Frozen Food Market Overview: 4.1. Market Size & Forecast by Value, 2019–2029; 4.1.1. By Value (USD Million); 4.2. Market Share & Forecast; 4.2.1. By Category; 4.2.1.1. Ready-to-Eat; 4.2.1.2. Ready-to-Cook; 4.2.1.3. Others (including Raw Meat, Raw Vegetables, Raw Fruits); 4.2.2. By Product Type; 4.2.2.1. Frozen Meat, Poultry & Seafood; 4.2.2.2. Frozen Snacks; 4.2.2.3. Frozen Fruits & Vegetables; 4.2.2.4. Others (including Frozen Desserts, Frozen Cooked Ready Meals); 4.2.3. By Distribution Channel; 4.2.3.1. Departmental Store; 4.2.3.2. Specialty Store; 4.2.3.3. Supermarkets/Hypermarkets; 4.2.3.4. Online; 4.2.3.5. Others (including Convenience Stores, Direct Sales); 4.2.4. By Region; 4.2.4.1. Southern Vietnam; 4.2.4.2. Central Vietnam; 4.2.4.3. Northern Vietnam
5. Southern Vietnam Frozen Food Market Overview: 5.1. Market Size & Forecast by Value, 2019–2029; 5.1.1. By Value (USD Million); 5.2. Market Share & Forecast; 5.2.1. By Category; 5.2.2. By Product Type; 5.2.3. By Distribution Channel
6. Central Vietnam Frozen Food Market Overview: 6.1. Market Size & Forecast by Value, 2019–2029; 6.1.1. By Value (USD Million); 6.2. Market Share & Forecast; 6.2.1. By Category; 6.2.2. By Product Type; 6.2.3. By Distribution Channel
7. Northern Vietnam Frozen Food Market Overview: 7.1. Market Size & Forecast by Value, 2019–2029; 7.1.1. By Value (USD Million); 7.2. Market Share & Forecast; 7.2.1. By Category; 7.2.2. By Product Type; 7.2.3. By Distribution Channel
8. Competitive Landscape: 8.1. List of Key Players and Their Offerings; 8.2. Vietnam Frozen Food Company Market Share Analysis, 2022; 8.3. Competitive Benchmarking, By Operating Parameters; 8.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
9. Impact of Covid-19 on Vietnam Frozen Food Market
10. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis): 10.1. CP VIETNAM LIVESTOCK JOINT STOCK COMPANY; 10.2. SAO TA FOODS JOINT STOCK COMPANY; 10.3. Minh Phu Seafood Group JSC; 10.4. VINH HOAN CORPORATION; 10.5. GreenFeed Vietnam Corp.; 10.6. Dai Phat Food Training Service Co., Ltd; 10.7. Kido Foods, Joint Stock Company; 10.8. Viet Asia Foods Company Limited; 10.9. CK Frozen Foods Vietnam Company Ltd; 10.10. Dalat – Japan Food Co., Ltd.; 10.11. L&H FOOD CO., LTD.; 10.12. San Ha Co., Ltd.; 10.13. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology: 12.1. Qualitative Research; 12.1.1. Primary & Secondary Research; 12.2. Quantitative Research; 12.3. Market Breakdown & Data Triangulation; 12.3.1. Secondary Research; 12.3.2. Primary Research; 12.4. Breakdown of Primary Research Respondents, By Region; 12.5. Assumptions & Limitations; *Financial information in case of non-listed companies will be provided as per availability; **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figure: Figure 1 Vietnam Frozen Food Market Segmentation; Figure 2 Vietnam Frozen Food Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 Vietnam Frozen Food Market Size, By Value (USD Million), 2019–2029; Figure 5 Vietnam Frozen Food Market Share, By Category, By Value, 2019–2029; Figure 6 Vietnam Frozen Food Market Share, By Product Type, By Value, 2019–2029; Figure 7 Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2019–2029; Figure 8 Vietnam Frozen Food Market Share, By Region, By Value, 2019–2029; Figure 9 Northern Vietnam Frozen Food Market Size, By Value (USD Million), 2019–2029; Figure 10 Northern Vietnam Frozen Food Market Share, By Category, By Value, 2019–2029; Figure 11 Northern Vietnam Frozen Food Market Share, By Product Type, By Value, 2019–2029; Figure 12 Northern Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2019–2029; Figure 13 Central Vietnam Frozen Food Market Size, By Value (USD Million), 2019–2029; Figure 14 Central Vietnam Frozen Food Market Share, By Category, By Value, 2019–2029; Figure 15 Central Vietnam Frozen Food Market Share, By Product Type, By Value, 2019–2029; Figure 16 Central Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2019–2029; Figure 17 Southern Vietnam Frozen Food Market Size, By Value (USD Million), 2019–2029; Figure 18 Southern Vietnam Frozen Food Market Share, By Category, By Value, 2019–2029; Figure 19 Southern Vietnam Frozen Food Market Share, By Product Type, By Value, 2019–2029; Figure 20 Southern Vietnam Frozen Food Market Share, By Distribution Channel, By Value, 2019–2029
List of Tables: Table 1 Vietnam Frozen Food Market Size, By Category, By Value, 2019–2029; Table 2 Vietnam Frozen Food Market Size, By Product Type, By Value, 2019–2029; Table 3 Vietnam Frozen Food Market Size, By Distribution Channel, By Value, 2019–2029; Table 4 Northern Vietnam Frozen Food Market Size, By Category, By Value, 2019–2029; Table 5 Northern Vietnam Frozen Food Market Size, By Product Type, By Value, 2019–2029; Table 6 Northern Vietnam Frozen Food Market Size, By Distribution Channel, By Value, 2019–2029; Table 7 Central Vietnam Frozen Food Market Size, By Category, By Value, 2019–2029; Table 8 Central Vietnam Frozen Food Market Size, By Product Type, By Value, 2019–2029; Table 9 Central Vietnam Frozen Food Market Size, By Distribution Channel, By Value, 2019–2029; Table 10 Southern Vietnam Frozen Food Market Size, By Category, By Value, 2019–2029; Table 11 Southern Vietnam Frozen Food Market Size, By Product Type, By Value, 2019–2029; Table 12 Southern Vietnam Frozen Food Market Size, By Distribution Channel, By Value, 2019–2029; Table 13 CP VIETNAM LIVESTOCK JOINT STOCK COMPANY Overview; Table 14 CP VIETNAM LIVESTOCK JOINT STOCK COMPANY Financial Overview; Table 15 SAO TA FOODS JOINT STOCK COMPANY Overview; Table 16 SAO TA FOODS JOINT STOCK COMPANY Financial Overview; Table 17 Minh Phu Seafood Group JSC Company Overview; Table 18 Minh Phu Seafood Group JSC Financial Overview; Table 19 VINH HOAN CORPORATION Company Overview; Table 20 VINH HOAN CORPORATION Financial Overview; Table 21 GreenFeed Vietnam Corp. Company Overview; Table 22 GreenFeed Vietnam Corp. Financial Overview; Table 23 Dai Phat Food Training Service Co., Ltd Company Overview; Table 24 Dai Phat Food Training Service Co., Ltd Financial Overview; Table 25 Kido Foods, Joint Stock Company: Company Overview; Table 26 Kido Foods, Joint Stock Company Financial Overview; Table 27 Viet Asia Foods Company Limited Company Overview; Table 28 Viet Asia Foods Company Limited Financial Overview; Table 29 CK Frozen Foods Vietnam Company Ltd Company Overview; Table 30 CK Frozen Foods Vietnam Company Ltd Financial Overview; Table 31 Dalat – Japan Food Co., Ltd. Company Overview; Table 32 Dalat – Japan Food Co., Ltd. Financial Overview; Table 33 L&H FOOD CO., LTD. Company Overview; Table 33 L&H FOOD CO., LTD. Financial Overview; Table 34 San Ha Co., Ltd. Company Overview; Table 35 San Ha Co., Ltd. Financial Overview