Future Vietnam Ice Cream Market: Key Dynamics, Size & Share Analysis

The Vietnam Ice Cream Market is anticipated to grow at a CAGR of around 6.2% during 2025-2030. The Ice Cream Market size in Vietnam was estimated at USD 180 million in 2024 and is anticipated to exceed USD 245 million by 2030. This is being driven by the hot and humid climate for more than nine months in a year, increasing disposable income of citizens, and evolving food trends making inroads for artisanal and exotic flavored ice creams. In addition, the booming tourism industry of Vietnam is immensely contributing to the growth of the ice cream industry. The companies are introducing new flavors to cater to the growing consumer needs, driven by local and foreign tourists’ arrivals. Expansion of distribution and point of sales is also anticipated to significantly contribute to the growth in the market.

Top Challenges Impacting the Vietnam Ice Cream Market Growth

Price Sensitivity, Health Concerns, and Limited Product Diversity Restricting Growth - Though Vietnam is currently witnessing a slight increase in the retail volume of ice cream, several challenges still hinder the overall market growth. Vietnam is categorized as a lower-middle-income country in 2025. The consumers are price-sensitive and prefer the budget category ice creams. Despite growing traction, imported and artisanal ice creams are often seen as luxury items. Additionally, the ice creams are generally high in sugar content, hence they don’t align with the health and wellness trends of the consumers. Although the brands have been gradually introducing low-fat, low-sugar, or dairy-free ice creams, these products remain niche and expensive, limiting their mass appeal.

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Understanding the Core Segments in the Vietnam Ice Cream Market

Vietnam Ice Cream Market Size, Share & Industry Trends Analysis- By Category (Impulse Ice Cream [Single Portion Dairy Ice Cream, Single Portion Water Ice Cream], Take-Home Ice Cream [Take-Home Dairy Ice Cream], Artisanal Ice Cream), By Leading Flavors (Vanilla, Chocolate, Strawberry, Coconut, Banana, Green Tea, Mango, Durian, Raisin, Lemon), By Format (Cup, Stick, Cone, Brick, Others), By Sales Channel (Retail Offline [Grocery Retailers], Retail E-Commerce) and others

Who Dominates the Vietnam Ice Cream Market Insights on Key Industry Players?

Companies are strengthening their presence in the Vietnam Ice Cream market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • Kido Group
  • Aice Yummy Vietnam Co. Ltd.
  • Unilever Vietnam International Co. Ltd.
  • Vietnam Dairy Products JSC (Vinamilk)
  • Trang Tien Service & Trading Co. Ltd.
  • Nestlé Vietnam Co. Ltd.
  • TNC Consumer Goods JSC
  • Phan Nam Monterosa Trading JSC
  • Thuy Ta JSC
  • Others

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