Vietnam Nutritional Supplements Market Introduction and Overview
According to SPER Market Research, the Vietnam Nutritional Supplements Market is estimated to reach USD 0.19 billion by 2033 with a CAGR of 10.07%.
The report includes an in-depth analysis of the Vietnam Nutritional Supplements Market, including market size and trends, Ingredient mix, distribution channels, and supplier analysis. Products used to supplement the diet are called nutritional supplements and they frequently include vitamins, minerals, botanicals, or amino acids. These supplements can be found in powders, liquids, gummies, capsules, pills, and tablets as their fundamental forms. They frequently include a combination of vitamins, minerals, amino acids, and/or medicinal herbs.
Market Opportunities and Challenges
- Opportunities: Growing Public Awareness of Health and Wellness in Vietnam: Vietnam's middle-class and wealthy populations have been growing quickly in Southeast Asia. Consumer spending is anticipated to increase as a result of this economic expansion, as is the need for goods that alleviate nutritional deficits. In addition, the population of Vietnam has seen a marked rise in demand for healthcare supplements. The local population is adopting preventative measures by using dietary products to fight conditions including high blood pressure, diabetes, obesity, and cardiovascular illnesses as they become more aware of health hazards. The use of dietary food products has increased dramatically as a result of this understanding, which will help the nation's general health and wellness.
- Challenges: High Cost of Nutritional Supplements: The high cost of nutritional supplements is a hindrance to the market's expansion in Vietnam. For some customers, the high cost of these goods serves as a barrier, preventing them from regular consumption or making it impossible for them to buy specific supplements. The demand for nutritional supplements may be affected as a result, especially among consumers who are price sensitive or in areas with lower income levels. To appeal to a wider customer base, manufacturers and suppliers in the market may find it difficult to strike a balance between product quality and pricing. For the market to expand, the issue of high prices must be addressed while preserving product effectiveness.
Market Competitive Landscape
The market for nutritional supplements in Vietnam is dominated by companies like Abbott Nutrition, Nestle, Herbalife International, Glanbia plc, PepsiCo, and Cliff Bar & Company. These businesses use a variety of tactics, such as partnerships, joint ventures, licence agreements, mergers and acquisitions, and the introduction of new products, to increase their market dominance even more.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Form, By Ingredient, By Classification, By Distribution Channel, By End User
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| Regions covered | East Vietnam, North Vietnam, South Vietnam, West Vietnam
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| Companies Covered | Abbott Nutrition, Cliff Bar & Company, Glanbia plc, Herbalife International, Nestle, PepsiCo, Others
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COVID-19 Impact on Vietnam Nutritional Supplements Market
The COVID-19 epidemic had a conflicting effect on the nutritional supplement business in Vietnam. Market disruptions were initially experienced as a result of supply chain issues and temporary store closures. However, the epidemic caused a rise in health consciousness that fuelled a market for immunity-boosting supplements. Customers preferring contactless buying drove considerable development in online sales channels. The pandemic hastened the transition to preventative healthcare and promoted the uptake of nutritional supplements. Even while some market segments saw increase, overall market development was hampered by consumer spending declines and economic uncertainty. Despite obstacles, the market was adaptable, adjusting to shifting customer wants and openings created by the pandemic.
Key Target Audience:
- Drug Stores and Pharmacies Chain
- Functional Beverages Companies
- Functional Foods Companies
- Government Agencies
- Hypermarkets and Supermarkets
- Nutraceuticals Distributors
- Nutritional Supplements Distributors
- Nutritional Supplements Manufacturers
- Online Sales and Retailing Agencies
- Vitamins and Dietary Supplements Companies
- Others
Our in-depth analysis of the Vietnam Nutritional Supplements Market includes the following segments:
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By Form:
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Capsules
Liquids
Powder
Tablets
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By Ingredient:
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Fatty Acids
Minerals
Protein
Vitamin
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By Classification:
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Over-the-counter (OTC)
Prescription
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By Distribution Channel:
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Hypermarkets & Supermarkets
Online Channels
Pharmacy Stores
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By End User:
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Adults
Children
Infants
Old-aged
Pregnant Women
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Key Topics Covered in the Report:
- Vietnam Nutritional Supplements Market Size (FY’2023-FY’2033)
- Overview of Vietnam Nutritional Supplements Market
- Segmentation of Vietnam Nutritional Supplements Market By Form (Capsules, Liquids, Powder, Tablets)
- Segmentation of Vietnam Nutritional Supplements Market By Ingredient (Fatty Acids, Minerals, Protein, Vitamin)
- Segmentation of Vietnam Nutritional Supplements Market By Classification (Over-the-counter, Prescription)
- Segmentation of Vietnam Nutritional Supplements Market By Distribution Channel Hypermarkets & Supermarkets, Online Channels, Pharmacy Stores)
- Segmentation of Vietnam Nutritional Supplements Market By End User (Adults, Children, Infants, Old-aged, Pregnant Women)
- Statistical Snap of Vietnam Nutritional Supplements Market
- Expansion Analysis of Vietnam Nutritional Supplements Market
- Problems and Obstacles in Vietnam Nutritional Supplements Market
- Competitive Landscape in the Vietnam Nutritional Supplements Market
- Impact of COVID-19 and Demonetization on Vietnam Nutritional Supplements Market
- Details on Current Investment in Vietnam Nutritional Supplements Market
- Competitive Analysis of Vietnam Nutritional Supplements Market
- Prominent Players in the Vietnam Nutritional Supplements Market
- SWOT Analysis of Vietnam Nutritional Supplements Market
- Vietnam Nutritional Supplements Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Nutritional Supplements Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Nutritional Supplements Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Nutritional Supplements Market
7. Vietnam Nutritional Supplements Market, By Form (USD Million)
7.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Form, 2023-2033
7.2. Capsules
7.3. Liquids
7.4. Powder
7.5. Tablets
8. Vietnam Nutritional Supplements Market, By Ingredient (USD Million)
8.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Ingredient, 2023-2033
8.2. Fatty Acids
8.3. Minerals
8.4. Protein
8.5. Vitamin
9. Vietnam Nutritional Supplements Market, By Classification (USD Million)
9.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Classification, 2023-2033
9.2. Over-the-counter (OTC)
9.3. Prescription
10. Vietnam Nutritional Supplements Market, By Distribution Channel (USD Million)
10.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By Distribution Channel, 2023-2033
10.2. Hypermarkets & Supermarkets
10.3. Online Channels
10.4. Pharmacy Stores
11. Vietnam Nutritional Supplements Market, By End User (USD Million)
11.1. Vietnam Nutritional Supplements Market Value Share and Forecast, By End User, 2023-2033
11.2. Adults
11.3. Children
11.4. Infants
11.5. Old-aged
11.6. Pregnant Women
12. Vietnam Nutritional Supplements Market Forecast, 2019-2033 (USD Million)
12.1. Vietnam Nutritional Supplements Market Size and Market Share
13. Vietnam Nutritional Supplements Market, By Form, 2019-2033 (USD Million)
13.1. Vietnam Nutritional Supplements Market Size and Market Share By Form (2019-2026)
13.2. Vietnam Nutritional Supplements Market Size and Market Share By Form (2027-2033)
14. Vietnam Nutritional Supplements Market, By Ingredient, 2019-2033 (USD Million)
14.1. Vietnam Nutritional Supplements Market Size and Market Share By Ingredient (2019-2026)
14.2. Vietnam Nutritional Supplements Market Size and Market Share By Ingredient (2027-2033)
15. Vietnam Nutritional Supplements Market, By Classification, 2019-2033 (USD Million)
15.1. Vietnam Nutritional Supplements Market Size and Market Share By Classification (2019-2026)
15.2. Vietnam Nutritional Supplements Market Size and Market Share By Classification (2027-2033)
16. Vietnam Nutritional Supplements Market, By Distribution Channel, 2019-2033 (USD Million)
16.1. Vietnam Nutritional Supplements Market Size and Market Share By Distribution Channel (2019-2026)
16.2. Vietnam Nutritional Supplements Market Size and Market Share By Distribution Channel (2027-2033)
17. Vietnam Nutritional Supplements Market, By End User, 2019-2033 (USD Million)
17.1. Vietnam Nutritional Supplements Market Size and Market Share By End User (2019-2026)
17.2. Vietnam Nutritional Supplements Market Size and Market Share By End User (2027-2033)
18. Vietnam Nutritional Supplements Market, By Region, 2019-2033 (USD Million)
18.1. Vietnam Nutritional Supplements Market Size and Market Share By Region (2019-2026)
18.2. Vietnam Nutritional Supplements Market Size and Market Share By Region (2027-2033)
18.3. East Vietnam
18.4. North Vietnam
18.5. South Vietnam
18.6. West Vietnam
19. Company Profile
19.1. Abbott Nutrition
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Cliff Bar & Company
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Glanbia plc
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Herbalife International
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Nestle
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. PepsiCo
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope