Vietnam cheese market size reached USD 373.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 602.6 Million by 2033, exhibiting a growth rate (CAGR) of 5.47% during 2025-2033. The increasing demand and consumption of cheese products, the influence of Western fast-food chains, the growing urbanization, and the rising government initiatives to promote dairy consumption represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on source, type, product, format, and distribution channel.

Discover what drives the Vietnam cheese market, size at USD 370 million, featuring market segmentation, industry performance, and investment insights influencing dairy consumption, product innovation, and retail expansion.

In 2019, Bel Food was the leading cheese brand in Vietnam, holding ** percent of the cheese market. Their dominant product in the country was processed cheese, the Laughing Cow brand. Meanwhile, local brand Vinamilk accounted for ***** percent of the cheese market that year.

In 2024, the Vietnamese uncured cheese market decreased by -24.3% to $16M for the first time since 2020, thus ending a three-year rising trend. Overall, consumption, however, recorded buoyant growth. Uncured cheese consumption peaked at $21M in 2023, and then fell markedly in the following year.

In Vietnam Automation Sensors Market, was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 8.65% during the forecast period.

In 2019, Vinamilk was the leading dairy and cheese product brand in Vietnam, holding nearly ** percent of the dairy market. Vinamilk is the largest dairy company in the country with its dominance in milk, yogurt, and condensed milk products.

Cheese and Curd Price in Vietnam - 2021. Find the latest marketing data on the IndexBox platform.

The Vietnamese grated and blue cheese market surged to $45M in 2024, growing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. Grated and blue cheese consumption peaked at $55M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Comprehensive dataset of 22 Cheese manufacturers in Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

For the fifth consecutive year, the Vietnamese cheese and curd market recorded growth in sales value, which increased by 1.5% to $4.9B in 2024. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The Japan dairy market, encompassing diverse product categories like butter, cheese, cream, dairy desserts, milk, and yogurt, presents a dynamic landscape with significant growth potential. While precise market size figures for 2019-2024 are unavailable, analyzing the provided data and considering typical growth patterns in developed economies, we can reasonably infer a substantial market size. Assuming a conservative CAGR (Compound Annual Growth Rate) of 2% during the historical period (2019-2024), given Japan's mature economy and established dairy industry, a market value of approximately ¥10 trillion (USD 70 billion) in 2024 can be estimated. This is a conservative estimation given the significant consumption of dairy products in Japan. Growth drivers include rising consumer disposable incomes, increasing health consciousness promoting yogurt and low-fat dairy products, and expanding online retail channels. Trends point towards the increasing popularity of convenient, single-serving dairy products, premium and specialized dairy offerings (like artisan cheeses and organic milk), and plant-based alternatives demanding market share. However, restraints include aging population demographics potentially reducing overall consumption, fluctuating raw material costs, and intense competition among established domestic and international dairy brands. The forecast period (2025-2033) anticipates continued growth, albeit at a potentially moderated pace. Considering factors like demographic shifts and evolving consumer preferences, a CAGR of 1.5% seems plausible. This suggests a market value exceeding ¥12 trillion (USD 84 billion) by 2033. The market segmentation reveals significant opportunities within various product categories and distribution channels. The on-trade sector (restaurants, cafes) is likely to experience growth driven by increasing consumer spending on dining out, while the off-trade channel remains dominant with supermarkets and hypermarkets holding a substantial market share. Competitive dynamics will be characterized by strategic partnerships, product innovation, and branding strategies focused on appealing to specific consumer segments. Companies like Meiji Dairies, Morinaga, and Snow Brand will likely continue to lead the market, facing increasing competition from both domestic and international players. Recent developments include: August 2021: Meiji launched a new culture of drinking yogurt with a combination of sakura and lychee flavors. This Japanese-inspired culture-drinking yogurt comes in a 155 ml bottle and is available at 7-Eleven stores in Japan.July 2021: Yakult Honsha Co. Ltd launched the fermented milk drinks Yakult 400 and Yakult 1000 nationwide (Japan).February 2021: Morinaga Milk Industry, the Japan-based dairy group, expanded its business in Vietnam by acquiring local player Elovi Vietnam. Elovi is engaged in the local manufacture of beverage and yogurt products.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

In 2023, imports of processed cheese (excluding grated or powdered) into Vietnam declined to 1.6K tons, which is down by -9.4% compared with the year before.

The size of the Japan Dairy Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.80% during the forecast period. The Japanese dairy industry is primarily concerned with creating and delivering dairy items like milk, cheese, yogurt, and butter. The market is seeing consistent growth due to rising consumer interest in health and wellness products and the inclusion of dairy in everyday eating habits. Meiji Holdings Co., Ltd. and Morinaga Milk Industry Co., Ltd. are among the top companies in the market, boasting wide ranges of products and strong distribution networks. The dynamic market landscape is influenced by the growing popularity of yogurt and cheese, as well as the trend towards functional and low-calorie dairy products. The market remains optimistic due to continual innovations and consumer desire for healthy, convenient food choices, despite obstacles like competition from non-dairy products and varying raw material costs. This path underscores the important impact of dairy products in the Japanese food sector and their opportunity for ongoing expansion. Recent developments include: August 2021: Meiji launched a new culture of drinking yogurt with a combination of sakura and lychee flavors. This Japanese-inspired culture-drinking yogurt comes in a 155 ml bottle and is available at 7-Eleven stores in Japan.July 2021: Yakult Honsha Co. Ltd launched the fermented milk drinks Yakult 400 and Yakult 1000 nationwide (Japan).February 2021: Morinaga Milk Industry, the Japan-based dairy group, expanded its business in Vietnam by acquiring local player Elovi Vietnam. Elovi is engaged in the local manufacture of beverage and yogurt products.. Key drivers for this market are: Rising Trend of Ingestible Beauty Products, Growing demand for Nutrient-Enriched Cosmetic Products. Potential restraints include: Availability of Counterfeit Beauty Supplements Products. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

After two years of growth, the Vietnamese market for pasta stuffed with meat, fish and cheese decreased by -5.3% to $519M in 2024. Over the period under review, consumption, however, showed strong growth. Meat, fish or cheese pasta consumption peaked at $548M in 2023, and then dropped in the following year.

In 2022, Vietnamese dairy company Vinamilk was the most chosen FMCG brand in urban areas in Vietnam, having a penetration rate of **** percent. This was followed by Ajinomoto with a penetration rate of over ** percent. Ranked third among the list was Hao Hao, an instant noodles brand under Acecook Vietnam, with **** percent of penetration rate that year. Vinamilk’s domination over the dairy market in Vietnam Headquartered in Ho Chi Minh City, Vinamilk is the largest dairy corporation in Vietnam. The formerly state-owned firm is now the leading player in Vietnam’s dairy sector, holding almost half of the market share within this sector. Since Vietnam has a fast-growing dairy market with increasing retail sales value, Vinamilk has been enjoying yearly growth in revenue as the market leader. Vinamilk's product portfolio includes its signature items such as drinking milk and yogurt and more recently introduced products like cheese, cream, and ice cream. Growing FMCG market and impact of COVID-19 on FMCG categories in Vietnam The FMCG industry in Vietnam has been growing fast in recent years alongside the country’s rapid economic development. The retail sales of consumer goods in the country had recorded double-digit annual growth before slowing down to *** percent in 2020 due to the COVID-19 pandemic. Amidst the pandemic, dry food items and personal hygiene products were the leading goods purchased for stockpiling among Vietnamese. As a result, the highest value growth rates among all FMCG categories in 2020 have been observed among personal care and packaged foods.

Comprehensive dataset of 2 Cheese shops in Sơn Trà, Da Nang, Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 1 Cheese shops in Gò Vấp, Ho Chi Minh City, Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 1 Cheese shops in Na Hang District, Tuyên Quang, Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2023, shipments abroad of pasta stuffed with meat, fish and cheese decreased by -59.7% to 14K tons for the first time since 2019, thus ending a three-year rising trend.

Comprehensive dataset of 1 Cheese shops in Thành phố Phan Thiết, Bình Thuận, Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.