Vietnam Health Ingredient Market is projected to grow at a robust CAGR during the forecast period owing to increasing health consciousness among consumers, growing food and beverage processing sectors, rapid urbanization and shifting of consumers from nutrition-based to health-specific food. Moreover, growing investment in public and private health care sector in the country will drive the healthcare market which will further boos the demand for health ingredients market in food industry. Based on source, the market has been segmented into Plant, Animal, Synthetic and others. In 2018, the plant source dominated the market owing to changing consumer preferences from meat-based products to plant-based products. Changing dietary patterns in the country and increasing consumption of food products offering health advantages is driving the healthy ingredients. Moreover, number of individuals are experiencing vitamin and protein inadequacies. Consequently, the demand for food and beverages rich in vitamin, protein and minerals is additionally ascending over the country. The functional food industry has additionally encountered the fastest development in recent years. With the increasing demand, food companies are also introducing new products that are healthy which boost the demand for healthy ingredients across the country.
Years considered for this report
Historical Year 2014-2017
Base Year 2018
Estimated 2019
Forecast 2020-2024
Objective of the Study
- To analyse and forecast the market size of Health Ingredients Market, in terms of value and volume.
- To classify and forecast Vietnam Health Ingredients Market based on type, application, source, function and regional distribution.
- To identify drivers and challenges for Vietnam Health Ingredient Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Health Ingredients Market.
- To conduct the pricing analysis for Health Ingredients Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Vietnam Health Ingredients Market.
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Some of the leading players in the Vietnam Health Ingredient Market are
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Vietnam.
TechSci Research calculated the market size of Vietnam
Key Target Audience
- Health Ingredients manufacturers
- Health ingredient suppliers and distributors
- Food & beverage manufacturers
- Research Institutes
- Associations, organizations, forums and alliances related to Health Ingredients.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
