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Vietnam Fat Free Yogurt Market

Vietnam Fat Free Yogurt Market By Type (Organic Fat-Free Yogurt, Inorganic Fat-Free Yogurt); By Application (Peach, Blueberry, Strawberry, Vanilla, Others); By End-User (Glass, Plastic, Paperboard); By Distribution Channel (Online Retail, Supermarket/Hypermarket, Specialty Stores, Departmental Stores, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 84126 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Vietnam Fat Free Yogurt Market Size 2024 USD 43.43 million
Vietnam Fat Free Yogurt Market, CAGR 10.80%
Vietnam Fat Free Yogurt Market Size 2032 USD 98.66 million

Market Overview

Vietnam Fat Free Yogurt market size was valued at USD 43.43 million in 2024 and is anticipated to reach USD 98.66 million by 2032, at a CAGR of 10.80% during the forecast period (2024-2032).

The Vietnam Fat-Free Yogurt market is driven by growing consumer health awareness and an increasing preference for healthier food options. Rising concerns about obesity and lifestyle diseases are pushing consumers towards low-fat alternatives, with fat-free yogurt emerging as a popular choice. The demand for nutritious, low-calorie snacks is further fueling market growth, particularly among health-conscious individuals and fitness enthusiasts. Additionally, innovations in flavor and packaging are enhancing the appeal of fat-free yogurt, making it more accessible to a wider audience. As the Vietnamese population becomes more aware of the benefits of probiotics and digestive health, fat-free yogurt is increasingly seen as a functional food product. These trends, combined with an expanding range of fat-free yogurt options in retail outlets, are set to drive the market’s growth throughout the forecast period. The market is also benefiting from greater availability through modern retail channels, making it easier for consumers to access these products.

The Vietnam Fat-Free Yogurt market is primarily driven by urban areas, with the highest demand concentrated in regions like Southeast Vietnam, particularly Ho Chi Minh City, where health-conscious consumers are more prevalent. As the market expands, regions such as Northern and Central Vietnam are also seeing increased interest in fat-free yogurt, driven by growing awareness of health benefits and changing dietary preferences. Key players in the Vietnam Fat-Free Yogurt market include global brands such as Nestle, Danone, and Yakult, which dominate the market with a wide range of products. Local brands, such as Vinamilk and TH Group, also play a significant role by offering affordable and locally-sourced fat-free yogurt options. These companies focus on product innovation, quality, and distribution channels to maintain competitiveness and cater to the evolving needs of Vietnamese consumers who are increasingly seeking healthier alternatives.

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Market Insights

  • The Vietnam Fat-Free Yogurt market was valued at USD 43.43 million in 2024 and is expected to reach USD 98.66 million by 2032, growing at a CAGR of 10.80% during the forecast period.
  • Increasing health consciousness and preference for low-calorie, high-protein foods are driving the market’s growth.
  • The demand for flavored fat-free yogurt, such as strawberry, blueberry, and mango, is rising among consumers, especially in urban areas.
  • Consumers’ growing preference for organic and clean-label products is influencing the market, with many seeking natural ingredients without additives or preservatives.
  • The market faces challenges from traditional dairy products and limited consumer awareness about the benefits of fat-free yogurt.
  • Southeast Vietnam dominates the market, followed by Northern and Central regions, with increasing demand in urban centers like Ho Chi Minh City and Hanoi.
  • Key players include Nestle, Danone, Vinamilk, and Yakult, focusing on product innovation and strategic distribution to cater to evolving consumer preferences.

Report scope

This reports segments the Vietnam Fat Free Yogurt Market as follows

Vietnam Fat Free Yogurt Market

Market Drivers

Growing Health Consciousness

One of the primary drivers of the Vietnam Fat-Free Yogurt market is the increasing health consciousness among consumers. As people become more aware of the health risks associated with obesity, cardiovascular diseases, and diabetes, there is a growing shift towards healthier eating habits. Fat-free yogurt, known for its low-calorie and low-fat content, is an ideal choice for those seeking to maintain a healthy diet without sacrificing taste. The product is particularly popular among weight-conscious individuals, fitness enthusiasts, and those trying to manage or prevent chronic health conditions. This trend of prioritizing health and wellness is expected to continue fueling the demand for fat-free yogurt in Vietnam over the forecast period.

Growing Popularity of Probiotics and Digestive Health

Probiotics have gained significant attention in recent years due to their positive effects on digestive health, immunity, and overall wellness. Fat-free yogurt, which is naturally rich in probiotics, has become a preferred product for consumers looking to boost their gut health. For instance, the Vietnamese probiotics market is experiencing growth due to increased awareness of the benefits of probiotics in preventing gastrointestinal issues and enhancing overall health. In Vietnam, awareness about the benefits of probiotics has led to a surge in demand for yogurt products that offer these health benefits. As consumers continue to seek functional foods that promote better digestion and overall health, the demand for fat-free yogurt is expected to increase. The association of yogurt with digestive health and immunity boosts its appeal, particularly among individuals focused on maintaining a balanced, health-conscious lifestyle.

Rising Demand for Nutrient-Rich, Low-Calorie Snacks

The demand for nutrient-dense and low-calorie snacks is another significant driver of the market. Consumers in Vietnam are increasingly opting for snacks that not only offer low fat and calories but also provide essential nutrients like protein, vitamins, and probiotics. Fat-free yogurt aligns with these needs, offering a nutritious, convenient, and satisfying snack option. Packed with probiotics, it supports digestive health, making it an appealing choice for those looking to improve their overall well-being. As modern consumers seek healthier snack alternatives to traditional processed foods, the popularity of fat-free yogurt is expected to rise, contributing to market growth.

Product Innovation and Availability

Innovation in product offerings and improvements in distribution channels are also driving the growth of the Vietnam Fat-Free Yogurt market. Manufacturers are continuously introducing new flavors, textures, and packaging options to cater to the evolving preferences of Vietnamese consumers. For instance, the rise of e-commerce platforms in Vietnam has made it easier for consumers to access a variety of fat-free yogurt products, enhancing convenience and accessibility. These innovations make fat-free yogurt more appealing to a broader demographic, including younger generations and urban consumers seeking variety in their diets. Furthermore, the increased availability of fat-free yogurt through modern retail channels such as supermarkets, hypermarkets, and online platforms has made it more accessible to a wider audience. The growing presence of international and local brands in the market, along with the expansion of retail networks, ensures that consumers can easily find fat-free yogurt in various formats and sizes, fueling the market’s growth.

Market Trends

Increasing Demand for Flavored Fat-Free Yogurt

One of the key trends driving the Vietnam Fat-Free Yogurt market is the rising demand for flavored variants. Traditionally, plain yogurt was the dominant option, but consumers are now seeking more diverse flavors to enhance their eating experience. Flavored fat-free yogurt options, such as strawberry, mango, blueberry, and other exotic fruits, are gaining popularity. For instance, the introduction of unique flavors like dragon fruit and passion fruit in Vietnam reflects a broader trend of consumers seeking more adventurous and indulgent yet healthy food options. These innovations cater to both young and adult consumers who are looking for healthier alternatives to sugary desserts and snacks. As flavor diversity continues to grow, manufacturers are introducing new and exciting combinations, which are helping to expand the appeal of fat-free yogurt across various consumer segments.

Preference for Convenient, On-the-Go Products

The demand for convenience products is another prominent trend shaping the Vietnam Fat-Free Yogurt market. With the fast-paced lifestyle of modern consumers, there is a significant preference for ready-to-eat, portable food options. Fat-free yogurt’s convenient packaging, such as single-serve cups, pouches, and bottles, makes it an ideal snack for people on the go. These products are particularly popular among working professionals, students, and fitness enthusiasts who need quick and nutritious snack options throughout the day. This trend of convenience and portability is expected to continue, contributing to the growth of fat-free yogurt consumption in the country.

Emphasis on Clean Label and Natural Ingredients

Another emerging trend in the Vietnam Fat-Free Yogurt market is the increasing demand for clean-label products. Consumers are becoming more health-conscious and are actively seeking products with natural ingredients and no artificial additives. For instance, the launch of products like TH true YOGURT low-fat yogurt, which reduces fat content and added sugar while using fresh, natural milk and avoiding preservatives, reflects a strong response to health-driven consumer behavior. Products that boast clean labels, free from artificial colors, flavors, and preservatives, are gaining traction. This focus on natural and wholesome ingredients aligns with the broader global trend of clean eating, as Vietnamese consumers seek food that supports their overall health and wellness goals.

Expanding Distribution Channels and Online Presence

The growth of e-commerce and modern retail channels is significantly influencing the availability and accessibility of fat-free yogurt in Vietnam. With an increasing number of consumers turning to online shopping for food products, manufacturers are enhancing their online presence to cater to this demand. E-commerce platforms and direct-to-consumer models are becoming essential for reaching a broader audience, especially in urban areas where consumers are more likely to shop online. Additionally, the expansion of retail networks, including supermarkets, hypermarkets, and convenience stores, is further boosting the availability of fat-free yogurt. As these distribution channels continue to evolve, fat-free yogurt will become even more accessible to Vietnamese consumers, fostering continued market growth.

Market Challenges Analysis

High Competition from Traditional Dairy Products

One of the major challenges facing the Vietnam Fat-Free Yogurt market is the intense competition from traditional dairy products, particularly full-fat yogurt. While fat-free yogurt is gaining popularity, many consumers still prefer the taste and texture of regular yogurt, which is often perceived as creamier and richer. This preference for traditional dairy products poses a barrier to the widespread adoption of fat-free yogurt, especially in rural areas where consumers may be less aware of the health benefits of fat-free alternatives. Moreover, full-fat yogurt is often less expensive, making it a more attractive option for price-sensitive consumers. To overcome this challenge, manufacturers must focus on improving the taste, texture, and overall appeal of fat-free yogurt to differentiate it from traditional products.

Limited Consumer Awareness and Education

Another challenge faced by the Vietnam Fat-Free Yogurt market is limited consumer awareness and education regarding the health benefits of fat-free yogurt. While urban consumers are becoming more health-conscious, rural populations may not fully understand the advantages of fat-free yogurt in terms of weight management and overall health. For example, a Cimigo survey highlighted that Vietnamese consumers prioritize health and wellness, but there is still a need for more education on specific nutritional benefits, such as the role of probiotics in digestive health. The lack of awareness about probiotics, digestive health, and the role of fat-free yogurt in a balanced diet limits its potential market penetration. To address this, brands must invest in educational marketing campaigns that highlight the nutritional benefits of fat-free yogurt and emphasize its role as a functional food. Effective communication of these benefits can help shift consumer preferences towards fat-free yogurt, especially in emerging markets where health trends are still developing.

Market Opportunities

The Vietnam Fat-Free Yogurt market presents significant opportunities for growth, driven by the increasing demand for healthier, low-calorie alternatives among health-conscious consumers. As more people become aware of the negative health impacts of high-fat diets, there is a growing shift towards products that support weight management and overall wellness. Fat-free yogurt, with its low-calorie and high-protein content, perfectly aligns with these dietary preferences. Additionally, the rising interest in functional foods, such as those rich in probiotics and beneficial bacteria for digestive health, further expands the market potential. With more consumers seeking products that contribute to a balanced, healthy lifestyle, fat-free yogurt is positioned to capitalize on this trend.

Another opportunity lies in the expanding middle-class population and urbanization in Vietnam, which is leading to higher disposable incomes and a greater demand for premium food products. As urban consumers are becoming more focused on convenience and nutrition, the availability of fat-free yogurt through modern retail channels, including supermarkets, convenience stores, and e-commerce platforms, is increasing. Manufacturers can explore untapped rural markets by educating consumers about the health benefits of fat-free yogurt and offering affordable options. Product innovation, such as introducing new flavors, functional ingredients, and attractive packaging, can further boost consumer interest. The rise in demand for on-the-go snacks and portable, ready-to-eat products also presents an opportunity for fat-free yogurt brands to target busy professionals and younger consumers who seek convenient yet nutritious snack options.

Market Segmentation Analysis:

By Type:

The Vietnam Fat-Free Yogurt market is segmented into organic and inorganic types, each catering to different consumer preferences. Organic fat-free yogurt is gaining traction, especially among health-conscious individuals who prioritize natural and sustainably sourced ingredients. With growing awareness about the benefits of organic food and the desire for cleaner labels, consumers are increasingly seeking organic options that are free from pesticides, hormones, and artificial additives. This segment is expected to witness steady growth, particularly in urban areas where disposable incomes are higher, and consumers are willing to pay a premium for organic products. On the other hand, inorganic fat-free yogurt remains the dominant segment due to its affordability and wider availability. This type appeals to budget-conscious consumers who prioritize low-fat content without the added cost of organic certification. As both segments continue to grow, the market will likely see a diversification of offerings to meet the needs of different consumer segments.

By Application:

The application segment of the Vietnam Fat-Free Yogurt market includes various popular flavors such as peach, blueberry, strawberry, vanilla, and others. Among these, strawberry and blueberry fat-free yogurt hold the largest share, driven by consumer preferences for familiar, sweet flavors. These fruity flavors offer a balance of taste and health benefits, making them appealing to both adults and children. Peach-flavored fat-free yogurt is also gaining popularity due to its refreshing taste and natural sweetness, which attracts health-conscious consumers looking for a low-calorie snack. Vanilla, on the other hand, remains a classic choice, particularly among those who prefer a mild and creamy taste without the overpowering sweetness of fruit-based flavors. The “others” category includes more exotic and innovative flavors such as mango, coconut, and mixed berries, which are becoming increasingly popular as consumers seek variety and novel experiences in their yogurt choices. As flavor innovation continues, the application segment is expected to expand further, catering to diverse taste preferences.

Segments:

Based on Type:

  • Organic Fat-Free Yogurt
  • Inorganic Fat-Free Yogurt

Based on Application:

  • Peach
  • Blueberry
  • Strawberry
  • Vanilla
  • Others

Based on End- User:

  • Glass
  • Plastic
  • Paperboard

Based on Distribution Channel:

  • Online Retail
  • Supermarket/Hypermarket
  • Specialty Stores
  • Departmental Stores
  • Others

Based on the Geography:

  • Southeast Vietnam
  • Northern Vietnam
  • Central Vietnam
  • Southern Vietnam

Regional Analysis

Southeast Vietnam

Southeast Vietnam holds the largest market share in the Vietnam Fat-Free Yogurt market, accounting for approximately 40% of total sales. This region is home to the country’s economic hub, including Ho Chi Minh City, which drives a significant portion of the demand for dairy products, including fat-free yogurt. The growing urban population, higher disposable income, and increasing health awareness among consumers contribute to the region’s dominance. Southeast Vietnam’s consumers are more inclined toward premium, health-conscious food options, which boosts the demand for organic and flavored fat-free yogurt. Additionally, the region benefits from a well-established retail infrastructure, including modern supermarkets, convenience stores, and online platforms, making it easier for consumers to access these products.

Northern Vietnam

Northern Vietnam, including Hanoi, holds a market share of approximately 25% in the fat-free yogurt segment. The region’s growth in this market is driven by a combination of factors, including an expanding middle class and increasing awareness of the health benefits of probiotics and low-fat alternatives. Northern Vietnam is experiencing a shift in dietary preferences, with more consumers opting for healthier, low-calorie snacks like fat-free yogurt. Despite the region’s growing interest in health-conscious products, the market is still relatively cost-sensitive compared to the more affluent southern region. However, with the rise of urbanization and modernization, the demand for fat-free yogurt is steadily increasing, particularly in the capital city of Hanoi and its surrounding areas.

Central Vietnam

Central Vietnam contributes around 20% to the Vietnam Fat-Free Yogurt market. The region, which includes cities like Da Nang and Hue, is experiencing steady growth due to increased awareness of health and wellness, as well as a growing middle class. While the demand for fat-free yogurt is not as high as in the southern and northern regions, Central Vietnam is witnessing rising health trends, especially among the urban population. The availability of fat-free yogurt in modern retail outlets, coupled with growing consumer interest in low-fat, probiotic-rich foods, is expected to drive further market expansion in this region. However, the market remains more price-sensitive, and affordability plays a critical role in consumer purchasing decisions.

Southern Vietnam

Southern Vietnam, which includes the Mekong Delta and neighboring provinces, holds the smallest market share at around 15%. The region’s demand for fat-free yogurt is still emerging, but it is expected to grow steadily as health awareness improves. Traditionally, the region’s dietary habits have not included dairy products as prominently as in other parts of the country. However, with urbanization and the influx of international brands, fat-free yogurt is becoming more accessible. In the major cities of the south, such as Can Tho and Vung Tau, there is a growing inclination towards healthier alternatives, including low-fat and probiotic-rich foods. Although the market share is currently smaller, the demand for fat-free yogurt is likely to increase as more consumers in the region prioritize health and wellness.

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Key Player Analysis

  • Nestle
  • Almarai
  • Arla Foods amba
  • ASDA
  • Brummel & Brown
  • Chobani, LLC
  • Danone S.A.
  • FAGE International S.A.
  • Graham’s Dairies Limited
  • Nature’s Fynd
  • Nestle, S.A.
  • Riverford Organic Farmers Ltd
  • Sainsbury’s
  • Stonyfield
  • Target Corporation
  • The Hain Celestial Group
  • Wm Morrison Supermarkets Limited
  • Yakult Honsha
  • Yeo Valley
  • Yoplait by General Mills Inc.

Competitive Analysis

The competitive landscape of the Vietnam Fat-Free Yogurt market is dominated by both global and local players. Leading international brands such as Nestle, Danone, Yakult, FAGE, Arla Foods, and Chobani hold a significant share of the market, leveraging their global presence and strong brand recognition. These companies focus on offering a wide range of fat-free yogurt products, emphasizing health benefits, such as probiotics, low-calorie content, and high protein. They also invest heavily in product innovation, including new flavors and packaging to cater to the changing preferences of consumers. They emphasize health benefits such as probiotics, low calorie, and high protein content to cater to the growing health-conscious consumer base. These brands also invest in innovation, introducing new flavors, packaging designs, and functional ingredients to differentiate themselves in the market. On the other hand, local players have a strong advantage due to their deep understanding of consumer preferences and established distribution networks. They are able to offer affordable fat-free yogurt options that appeal to the price-sensitive segment of the market. Local brands are also focusing on sustainability, using locally-sourced ingredients and producing products that align with regional tastes. As the demand for healthier alternatives increases, competition intensifies, and brands strive to balance affordability, taste, and nutritional value to capture a larger share of the rapidly growing fat-free yogurt market in Vietnam.

Recent Developments

  • In October 2024, Nestlé Lindahls expanded its high-protein range with new flavors, including fat-free protein yogurt pouches. However, these are not specifically labeled as fat-free yogurt but are part of a broader health-focused product line.
  • In July 2024, Nestlé developed a technology to reduce fat in dairy ingredients by up to 60% without compromising taste or texture, though this is not specifically for fat-free yogurt.

Market Concentration & Characteristics

The Vietnam Fat-Free Yogurt market exhibits moderate concentration, with both global and local players competing for market share. Large international brands dominate the premium segment, offering a diverse range of fat-free yogurt products that appeal to health-conscious consumers. However, local brands hold a strong presence in terms of affordability and product accessibility, particularly in rural areas and smaller cities. The market is characterized by intense competition driven by consumer demand for healthier, low-calorie alternatives. Innovation in flavors, packaging, and functional ingredients is a key characteristic of this market as companies strive to differentiate themselves. Additionally, the rise in organic and clean-label products is shaping consumer preferences, leading to a shift toward more natural and sustainably sourced ingredients. While urban areas such as Ho Chi Minh City and Hanoi show higher demand, the market is steadily expanding across the country, with growing awareness about the health benefits of fat-free yogurt

Report Coverage

The research report offers an in-depth analysis based on Type, Application, End-User, Distribution Channel and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The demand for fat-free yogurt in Vietnam is expected to grow as consumers increasingly focus on health and wellness.
  2. Rising health awareness will drive the preference for low-fat and low-calorie dairy products among Vietnamese consumers.
  3. Market players are likely to introduce innovative flavors and formulations to cater to the evolving tastes of health-conscious individuals.
  4. The younger generation’s preference for functional foods will contribute to the expansion of the fat-free yogurt market.
  5. The growing trend of weight management and fitness culture will encourage more people to choose fat-free yogurt as a snack.
  6. The increasing availability of fat-free yogurt in retail stores and e-commerce platforms will boost consumer accessibility.
  7. Dairy companies are expected to invest in sustainable production practices to meet the demand for healthier food options.
  8. Fat-free yogurt’s potential as a key source of probiotics and digestive health will enhance its appeal in the Vietnamese market.
  9. The rise in disposable income in Vietnam is anticipated to increase consumer spending on premium, health-oriented yogurt products.
  10. Strategic partnerships between local dairy producers and global brands could accelerate market growth and product innovation.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Vietnam Fat Free Yogurt Market Snapshot 21

2.1.1. Vietnam Fat Free Yogurt Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : VIETNAM FAT FREE YOGURT MARKET – INDUSTRY ANALYSIS 23

3.1. Introduction 23

3.2. Market Drivers 24

3.2.1. Significant shift towards healthier eating habits among consumers 24

3.2.2. Improved availability of fat-free yogurts through online distribution platforms 25

3.3. Market Restraints 26

3.3.1. Health risks associated with artificial additives & ingredients in fat-free yogurt 26

3.4. Market Opportunities 27

3.4.1. Market Opportunity Analysis 27

3.5. Porter’s Five Forces Analysis 28

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 29

4.1. Company Market Share Analysis – 2023 29

4.1.1. Vietnam Fat Free Yogurt Market: Company Market Share, by Volume, 2023 29

4.1.2. Vietnam Fat Free Yogurt Market: Company Market Share, by Revenue, 2023 30

4.1.3. Vietnam Fat Free Yogurt Market: Top 6 Company Market Share, by Revenue, 2023 30

4.1.4. Vietnam Fat Free Yogurt Market: Top 3 Company Market Share, by Revenue, 2023 31

4.2. Vietnam Fat Free Yogurt Market Company Revenue Market Share, 2023 32

4.3. Company Assessment Metrics, 2023 33

4.3.1. Stars 33

4.3.2. Emerging Leaders 33

4.3.3. Pervasive Players 33

4.3.4. Participants 33

4.4. Start-ups /SMEs Assessment Metrics, 2023 33

4.4.1. Progressive Companies 33

4.4.2. Responsive Companies 33

4.4.3. Dynamic Companies 33

4.4.4. Starting Blocks 33

4.5. Strategic Developments 34

4.5.1. Acquisitions & Mergers 34

New Product Launch 34

Vietnam Expansion 34

4.6. Key Players Product Matrix 35

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 36

5.1. PESTEL 36

5.1.1. Political Factors 36

5.1.2. Economic Factors 36

5.1.3. Social Factors 36

5.1.4. Technological Factors 36

5.1.5. Environmental Factors 36

5.1.6. Legal Factors 36

5.2. Adjacent Market Analysis 36

CHAPTER NO. 6 : VIETNAM FAT FREE YOGURT MARKET – BY TYPE SEGMENT ANALYSIS 37

6.1. Vietnam Fat Free Yogurt Market Overview, by Type Segment 37

6.1.1. Vietnam Fat Free Yogurt Market Revenue Share, By Type, 2023 & 2032 38

6.1.2. Vietnam Fat Free Yogurt Market Attractiveness Analysis, By Type 39

6.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 39

6.1.4. Vietnam Fat Free Yogurt Market Revenue, By Type, 2018, 2023, 2027 & 2032 40

6.2. Organic Fat Free Yogurt 41

6.3. Inorganic Fat Free Yogurt 42

CHAPTER NO. 7 : VIETNAM FAT FREE YOGURT MARKET – BY APPLICATION SEGMENT ANALYSIS 43

7.1. Vietnam Fat Free Yogurt Market Overview, by Application Segment 43

7.1.1. Vietnam Fat Free Yogurt Market Revenue Share, By Application, 2023 & 2032 44

7.1.2. Vietnam Fat Free Yogurt Market Attractiveness Analysis, By Application 45

7.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 45

7.1.4. Vietnam Fat Free Yogurt Market Revenue, By Application, 2018, 2023, 2027 & 2032 46

7.2. Peach 47

7.3. Blueberry 48

7.4. Strawberry 49

7.5. Vanilla 50

7.6. Others 51

CHAPTER NO. 8 : VIETNAM FAT FREE YOGURT MARKET – BY END-USER SEGMENT ANALYSIS 52

8.1. Vietnam Fat Free Yogurt Market Overview, by End-user Segment 52

8.1.1. Vietnam Fat Free Yogurt Market Revenue Share, By End-user, 2023 & 2032 53

8.1.2. Vietnam Fat Free Yogurt Market Attractiveness Analysis, By End-user 54

8.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 54

8.1.4. Vietnam Fat Free Yogurt Market Revenue, By End-user, 2018, 2023, 2027 & 2032 55

8.2. Glass 56

8.3. Plastic 57

8.4. Paperboard 58

CHAPTER NO. 9 : VIETNAM FAT FREE YOGURT MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 59

9.1. Vietnam Fat Free Yogurt Market Overview, by Distribution Channel Segment 59

9.1.1. Vietnam Fat Free Yogurt Market Revenue Share, By Distribution Channel, 2023 & 2032 60

9.1.2. Vietnam Fat Free Yogurt Market Attractiveness Analysis, By Distribution Channel 61

9.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 61

9.1.4. Vietnam Fat Free Yogurt Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 62

9.2. Online Retail 63

9.3. Supermarket/Hypermarket 64

9.4. Specialty Stores 65

9.5. Departmental Stores 66

9.6. Others 67

CHAPTER NO. 10 : FAT FREE YOGURT MARKET – VIETNAM 68

10.1. Vietnam 68

10.1.1. Key Highlights 68

10.1.2. Vietnam Fat Free Yogurt Market Revenue, By Country, 2018 – 2023 (USD Million) 69

10.1.3. Vietnam Fat Free Yogurt Market Revenue, By Type, 2018 – 2023 (USD Million) 70

10.1.4. Vietnam Fat Free Yogurt Market Revenue, By Application, 2018 – 2023 (USD Million) 71

10.1.5. Vietnam Fat Free Yogurt Market Revenue, By End-user, 2018 – 2023 (USD Million) 72

10.1.6. Vietnam Fat Free Yogurt Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 73

CHAPTER NO. 11 : COMPANY PROFILES 74

11.1. Nestle 74

11.1.1. Company Overview 74

11.1.2. Product Portfolio 74

11.1.3. Swot Analysis 74

11.1.4. Business Strategy 75

11.1.5. Financial Overview 75

11.2. Almarai 76

11.3. Arla Foods amba 76

11.4. ASDA 76

11.5. Brummel & Brown 76

11.6. Chobani, LLC 76

11.7. Danone S.A. 76

11.8. FAGE International S.A. 76

11.9. Graham’s Dairies Limited 76

11.10. Nature’s Fynd 76

11.11. Nestle, S.A. 76

11.12. Riverford Organic Farmers Ltd 76

11.13. Sainsbury’s 76

11.14. Stonyfield 76

11.15. Target Corporation 76

11.16. The Hain Celestial Group 76

11.17. Wm Morrison Supermarkets Limited 76

11.18. Yakult Honsha 76

11.19. Yeo Valley 76

11.20. Yoplait by General Mills Inc. 76

 

List of Figures

FIG NO. 1. Vietnam Fat Free Yogurt Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Vietnam Fat Free Yogurt Market 28

FIG NO. 3. Company Share Analysis, 2023 29

FIG NO. 4. Company Share Analysis, 2023 30

FIG NO. 5. Company Share Analysis, 2023 30

FIG NO. 6. Company Share Analysis, 2023 31

FIG NO. 7. Vietnam Fat Free Yogurt Market – Company Revenue Market Share, 2023 32

FIG NO. 8. Vietnam Fat Free Yogurt Market Revenue Share, By Type, 2023 & 2032 38

FIG NO. 9. Market Attractiveness Analysis, By Type 39

FIG NO. 10. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 39

FIG NO. 11. Vietnam Fat Free Yogurt Market Revenue, By Type, 2018, 2023, 2027 & 2032 40

FIG NO. 12. Vietnam Fat Free Yogurt Market for Organic Fat Free Yogurt, Revenue (USD Million) 2018 – 2032 41

FIG NO. 13. Vietnam Fat Free Yogurt Market for Inorganic Fat Free Yogurt, Revenue (USD Million) 2018 – 2032 42

FIG NO. 14. Vietnam Fat Free Yogurt Market Revenue Share, By Application, 2023 & 2032 44

FIG NO. 15. Market Attractiveness Analysis, By Application 45

FIG NO. 16. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 45

FIG NO. 17. Vietnam Fat Free Yogurt Market Revenue, By Application, 2018, 2023, 2027 & 2032 46

FIG NO. 18. Vietnam Fat Free Yogurt Market for Peach, Revenue (USD Million) 2018 – 2032 47

FIG NO. 19. Vietnam Fat Free Yogurt Market for Blueberry, Revenue (USD Million) 2018 – 2032 48

FIG NO. 20. Vietnam Fat Free Yogurt Market for Strawberry, Revenue (USD Million) 2018 – 2032 49

FIG NO. 21. Vietnam Fat Free Yogurt Market for Vanilla, Revenue (USD Million) 2018 – 2032 50

FIG NO. 22. Vietnam Fat Free Yogurt Market for Others, Revenue (USD Million) 2018 – 2032 51

FIG NO. 23. Vietnam Fat Free Yogurt Market Revenue Share, By End-user, 2023 & 2032 53

FIG NO. 24. Market Attractiveness Analysis, By End-user 54

FIG NO. 25. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 54

FIG NO. 26. Vietnam Fat Free Yogurt Market Revenue, By End-user, 2018, 2023, 2027 & 2032 55

FIG NO. 27. Vietnam Fat Free Yogurt Market for Glass, Revenue (USD Million) 2018 – 2032 56

FIG NO. 28. Vietnam Fat Free Yogurt Market for Plastic, Revenue (USD Million) 2018 – 2032 57

FIG NO. 29. Vietnam Fat Free Yogurt Market for Paperboard, Revenue (USD Million) 2018 – 2032 58

FIG NO. 30. Vietnam Fat Free Yogurt Market Revenue Share, By Distribution Channel, 2023 & 2032 60

FIG NO. 31. Market Attractiveness Analysis, By Distribution Channel 61

FIG NO. 32. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 61

FIG NO. 33. Vietnam Fat Free Yogurt Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 62

FIG NO. 34. Vietnam Fat Free Yogurt Market for Online Retail, Revenue (USD Million) 2018 – 2032 63

FIG NO. 35. Vietnam Fat Free Yogurt Market for Supermarket/Hypermarket, Revenue (USD Million) 2018 – 2032 64

FIG NO. 36. Vietnam Fat Free Yogurt Market for Specialty Stores, Revenue (USD Million) 2018 – 2032 65

FIG NO. 37. Vietnam Fat Free Yogurt Market for Departmental Stores, Revenue (USD Million) 2018 – 2032 66

FIG NO. 38. Vietnam Fat Free Yogurt Market for Others, Revenue (USD Million) 2018 – 2032 67

FIG NO. 39. Vietnam Fat Free Yogurt Market Revenue, 2018 – 2032 (USD Million) 68

List of Tables

TABLE NO. 1. : Vietnam Fat Free Yogurt Market: Snapshot 21

TABLE NO. 2. : Drivers for the Vietnam Fat Free Yogurt Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the Vietnam Fat Free Yogurt Market: Impact Analysis 26

TABLE NO. 4. : Vietnam Fat Free Yogurt Market Revenue, By Country, 2018 – 2023 (USD Million) 69

TABLE NO. 5. : Vietnam Fat Free Yogurt Market Revenue, By Country, 2024 – 2032 (USD Million) 69

TABLE NO. 6. : Vietnam Fat Free Yogurt Market Revenue, By Type, 2018 – 2023 (USD Million) 70

TABLE NO. 7. : Vietnam Fat Free Yogurt Market Revenue, By Type, 2024 – 2032 (USD Million) 70

TABLE NO. 8. : Vietnam Fat Free Yogurt Market Revenue, By Application, 2018 – 2023 (USD Million) 71

TABLE NO. 9. : Vietnam Fat Free Yogurt Market Revenue, By Application, 2024 – 2032 (USD Million) 71

TABLE NO. 10. : Vietnam Fat Free Yogurt Market Revenue, By End-user, 2018 – 2023 (USD Million) 72

TABLE NO. 11. : Vietnam Fat Free Yogurt Market Revenue, By End-user, 2024 – 2032 (USD Million) 72

TABLE NO. 12. : Vietnam Fat Free Yogurt Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 73

TABLE NO. 13. : Vietnam Fat Free Yogurt Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 73

 

Frequently Asked Questions

What is the current size of the Vietnam Fat-Free Yogurt Market?

The Vietnam Fat-Free Yogurt market was valued at USD 43.43 million in 2024 and is projected to reach USD 98.66 million by 2032, growing at a CAGR of 10.80%.

What factors are driving the growth of the Vietnam Fat-Free Yogurt Market?

The market is driven by increasing health consciousness, rising demand for probiotic-rich foods, growing preference for low-calorie snacks, product innovations in flavors and packaging, and expanding retail and online distribution channels.

What are some challenges faced by the Vietnam Fat-Free Yogurt Market?

Challenges include high competition from traditional dairy products, limited consumer awareness of the health benefits of fat-free yogurt, price sensitivity, and the need for extensive marketing efforts to educate consumers on its advantages.

Who are the major players in the Vietnam Fat-Free Yogurt Market?

Leading companies include Nestlé, Danone, Yakult, Vinamilk, TH Group, Chobani, and FAGE, along with regional brands that focus on affordability and locally sourced products to cater to Vietnamese consumer preferences.

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