Vietnam's yogurt market this year is growing by 10%

According to aT agro-food export information, Vietnam's yogurt market this year is growing by 10% compared to the previous year to 895 million dollars, and it is continuously expanding despite Corona 19. It represents an average annual growth rate of about 10% over the next five years, and is projected to reach $1489 million in sales in 2026. Of these, plain yogurt accounted for 52% of total sales, followed by drinking yogurt with 39% and flavored yogurt with 8%. As the yogurt market grows, so does the size of imports. Korea's exports also increased by 143.8% from the previous year to $410,000, ranking fifth in the world. As the Vietnamese yogurt market is expected to grow steadily, competition is expected to intensify in the future. Accordingly, there is a need to increase export capabilities by targeting niche markets. Most of the products distributed in the Vietnamese yogurt market are in the form of eating or drinking, and there are few products that are mixed with ...