PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779658
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779658
Vietnam Canned Food Market, By Product Type (Canned Meat & Poultry, Canned Seafood, Canned Fruits & Vegetables, Canned Ready Meals, Others ); By Packaging Type; By Distribution Channel, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
Vietnam Canned Food Market Size More Than Doubles to Surpass USD 792 Million by 2031
Vietnam Canned Food Market is booming primarily, due to rapid urbanization and evolving consumer lifestyles, the expansion of modern retail distribution channels, and rising disposable income levels across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Canned Food Market size by value at USD 365.16 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Canned Food Market size to boom at a robust CAGR of 11.7% reaching a value of USD 792.24 million by 2031. The Canned Food Market in Vietnam is propelled by increasing urbanization and evolving consumer lifestyles that prioritize convenience, alongside rising disposable incomes and the proliferation of modern retail channels. These factors are driving robust demand for ready-to-eat food options, where canned goods offer inherent advantages in terms of extended shelf life, easy storage, and quick preparation. Supported further by advancements in packaging technologies and continuous product innovation, the market has also witnessed a notable surge in imports, particularly of canned fish, which currently holds the largest market share. While domestic brands capitalize on local culinary preferences, international players introduce diverse flavor profiles, fostering healthy competition within the affordable segment and solidifying canned food's role as a convenient staple for everyday meals and travel.
Canned Meat & Poultry Product Type Holds Largest Market Share
The canned meat & poultry segment accounts for the highest share in Vietnam Canned Food Market by product type. The prominence is largely attributable to the inherent convenience these products provide, positioning them as ideal solutions for quick, protein-rich meals aligned with today's accelerated lifestyles. Their extended shelf life, coupled with minimal refrigeration requirements, further amplifies their consumer appeal, enabling prolonged storage and reduced shopping frequency. A prime example of this trend is Vissan's 2021 introduction of its Pork Luncheon Meat Canned 170G, a strategic response to the escalating demand for readily available protein sources. Moreover, shifting dietary patterns and the increasing adoption of flexitarian lifestyles are generating heightened interest in convenient, alternative protein options within this segment.
Impact of Escalating Geopolitical Tensions on Vietnam Canned Food Market
Intensifying geopolitical tensions could have a multifaceted impact on Vietnam Canned Food Market. Trade tensions among countries could disrupt intricate global supply chains, leading to potential shortages in essential raw materials and packaging components. The imposition of trade restrictions, increased tariffs, and delays in international imports, particularly for key ingredients sourced globally, could further compound these challenges. Consequently, rising transportation and production costs, stemming from geopolitical instability, may lead to inflated product prices, negatively impacting consumer affordability and overall demand. Moreover, the prevailing uncertainty in global markets could deter foreign investment and limit opportunities for valuable technological collaboration. To mitigate these potential headwinds, manufacturers within Vietnam's Canned Food Market may need to strategically re-evaluate their sourcing strategies, strengthen domestic production capabilities, and proactively diversify their supply chains to ensure operational resilience and maintain a competitive edge within the national market.
Competitive Landscape
Vietnam Canned Food Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Vissan Joint Stock Company, CJ Cau Tre (CJ Foods Vietnam), Ha Long Canfoco (Ha Long Canned Food JSC), Seaspimex (Special Aquatic Products JSC), KTC Food, Vietnam Food Industries Joint Stock Company (Vifon), Hagimex JSC, Annie's Farm Company Limited, F&G Food Vietnam, Gralimexx JSC, and KSD Interfoods Vietnam Co. Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Canned Food Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Canned Food Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Canned Food Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Canned Food Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Urbanization & Busy Lifestyles
- 3.2.1.2. Growth of Modern Retail Channels
- 3.2.1.3. Increasing Disposable Income
- 3.2.2. Restraints
- 3.2.2.1. Health Concerns over Preservatives
- 3.2.2.2. Preference for Fresh Produce
- 3.2.3. Opportunities
- 3.2.3.1. Product Innovation & Premium Offerings
- 3.2.3.2. Export Potential
- 3.2.4. Challenges
- 3.2.4.1. Supply Chain Disruptions
- 3.2.4.2. Price Sensitivity
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Canned Food Market: Marketing Strategies
5. Vietnam Canned Food Market: Pricing Analysis
6. Vietnam Canned Food Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Canned Meat & Poultry
- 6.2.1.2. Canned Seafood
- 6.2.1.3. Canned Fruits & Vegetables
- 6.2.1.4. Canned Ready Meals
- 6.2.1.5. Others
- 6.2.2. By Packaging Type
- 6.2.2.1. Metal Cans
- 6.2.2.2. Glass Jars
- 6.2.2.3. Pouches
- 6.2.2.4. Others
- 6.2.3. By Distribution Channel
- 6.2.3.1. Supermarkets/Hypermarkets
- 6.2.3.2. Convenience Stores
- 6.2.3.3. Specialty Stores
- 6.2.3.4. Online Retail
- 6.2.3.5. Others
- 6.2.4. Competitive Landscape
- 6.2.1. By Product Type
- 6.3. List of Key Players and Their End Users
- 6.4. Vietnam Canned Food Company Market Share Analysis, 2024
- 6.5. Competitive Benchmarking, By Oping Parameters
- 6.6. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on Vietnam Canned Food Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 8.1. Vissan Joint Stock Company
- 8.2. CJ Cau Tre (CJ Foods Vietnam)
- 8.3. Ha Long Canfoco (Ha Long Canned Food JSC)
- 8.4. Seaspimex (Special Aquatic Products JSC)
- 8.5. KTC Food
- 8.6. Vietnam Food Industries Joint Stock Company (Vifon)
- 8.7. Hagimex JSC
- 8.8. Annie's Farm Company Limited
- 8.9. F&G Food Vietnam
- 8.10. Gralimexx JSC
- 8.11. KSD INTERFOODS VIETNAM CO. LTD
- 8.12. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents
- 10.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Vietnam Canned Food Market Segmentation
- Figure 2 Vietnam Canned Food Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Vietnam Canned Food Market Size, By Value (USD Million), 2019-h2031
- Figure 5 Vietnam Canned Food Market Share, By Product Type, By Value (USD Million) 2019-2031
- Figure 6 Vietnam Canned Food Market Share, By Packaging Type, By Value (USD Million) 2019-2031
- Figure 7 Vietnam Canned Food Market Share, By Distribution Channel, By Value (USD Million) 2019-2031
List of Tables
- Table 1 Vietnam Canned Food Market Share, By Product Type, By Value (USD Million) 2019-2031
- Table 2 Vietnam Canned Food Market Share, By Packaging Type, By Value (USD Million) 2019-2031
- Table 3 Vietnam Canned Food Market Share, By Distribution Channel, By Value (USD Million) 2019-2031
- Table 4 Vissan Joint Stock Company Overview
- Table 5 Vissan Joint Stock Company Financial Overview
- Table 6 CJ Cau Tre (CJ Foods Vietnam) Company Overview
- Table 7 CJ Cau Tre (CJ Foods Vietnam) Financial Overview
- Table 8 Ha Long Canfoco (Ha Long Canned Food JSC) Company Overview
- Table 9 Ha Long Canfoco (Ha Long Canned Food JSC) Financial Overview
- Table 10 Seaspimex (Special Aquatic Products JSC) Company Overview
- Table 11 Seaspimex (Special Aquatic Products JSC) Financial Overview
- Table 12 KTC Food Company Overview
- Table 13 KTC Food Financial Overview
- Table 14 Vietnam Food Industries Joint Stock Company (Vifon) Company Overview
- Table 15 Vietnam Food Industries Joint Stock Company (Vifon) Financial Overview
- Table 16 Hagimex JSC Company Overview
- Table 17 Hagimex JSC Financial Overview
- Table 18 Annie's Farm Company Limited Company Overview
- Table 19 Annie's Farm Company Limited Financial Overview
- Table 20 F&G Food Vietnam Company Overview
- Table 21 F&G Food Vietnam Financial Overview
- Table 22 Gralimexx JSC Company Overview
- Table 23 Gralimexx JSC Financial Overview
- Table 24 KSD Interfoods Vietnam Co. Ltd Company Overview
- Table 25 KSD Interfoods Vietnam Co. Ltd Financial Overview
