DRINKING MILK PRODUCTS IN VIETNAM - CONTEXT

Country Report | Aug 2019

International Context

Drinking Milk Products Retail Sales by Region Drinking Milk Products in Vietnam
Retail Value RSP - USD million - Constant - 2019 Retail Value RSP - USD million - Constant - 2005-2024

177,545
World
50,000

Asia Pacific 77,445 40,000

Australasia 4,867

Eastern Europe 8,840 30,000

Latin America 20,972

Middle East and Africa 19,172 20,000

North America 21,124

10,000
Western Europe 25,124

0
2005 2019 2024

Drinking Milk Products in Vietnam Other Markets in Asia Pacific

Market Size - USD million - 2019 Per Capita - USD - 2019 Forecast Growth - CAGR% - 2019-2024
2,412.2 24.8 11.6%
81s t percentile 28th percentile 94th percentile

FMCG Index

Drinking Milk Products vs Selected FMCG Industries

350
Category
Drinking Milk Products
300
Industry
Packaged Food
250
2013 = 100

Selected Basket of Industries

200 Home Care

Soft Drinks
150 Beauty and Personal Care

100
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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Socioeconomic Context

Population Growth Index Vietnam vs Other Geographies

Population Growth Index 2002-2030 Rank out of 210

140 Actuals
2018, '000
96,491.1
Rank 14
130

Historic Growth
2002 = 100

120 2002-2018 CAGR

1%
Rank 124

110
Forecast Growth
2018-2030 CAGR
0.8%
100
2002 2018 2030 Rank 112

Vietnam Asia Pacific World

Households with a Disposable Income Over Households with a Disposable Income Over Number of Internet Subscribers Number of Mobile Internet Subscribers
USD25,000 - Vietnam USD25,000 - Ho Chi Minh City

Actuals - '000 - 2018 Actuals - '000 - 2018 Actuals - '000 - 2018 Actuals - '000 - 2018
561.1 164.5 88,871.4 68,692.3
41s t percentile 66th percentile 93rd percentile 95th percentile

Historic Growth Historic Growth Historic Growth Historic Growth

2013-2018 CAGR 2013-2018 CAGR 2013-2018 CAGR 2013-2018 CAGR
18.8% 12% 23.7% 31.9%
99th percentile 92nd percentile 63rd percentile 68th percentile

Forecast Growth Forecast Growth Forecast Growth Forecast Growth

2018-2023 CAGR 2018-2023 CAGR 2018-2023 CAGR 2018-2023 CAGR
11.6% 9.1% 15.3% 17.9%
92nd percentile 85th percentile 87th percentile 90th percentile

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