Vietnam Cheese Market Size Booming to Touch USD 643 Million by 2032

Published | 06 February 2026

Vietnam Cheese Market is flourishing primarily due to the lifestyle shift among consumers driven by rising disposable incomes, growing interest in fast food and Western cuisine along with the increasing availability of a range of cheese products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Cheese Market size by value at USD 385.67 million in 2025. During the forecast period between 2026 and 2032, BlueWeave expects Vietnam Cheese Market size to expand at a significant CAGR of 7.57%, reaching a value of USD 642.66 million by 2032. The growth of Vietnam Cheese Market is driven by the expanding food & beverages sector and increasing retail sales of cheese across the country. With per capita consumption rates in the country remaining typically low, there is a significant opportunity for additional growth in cheese sales in Vietnam. Though the cheese-consuming habit continues to be low in Vietnam, particularly when compared to most Western nations. Moreover, the cheese producers are dealing with the problem and attempting to add more nutrients with a distinct flavor to smoked cheese products. High fat content in cheese, on the other hand, could act as a major restraining factor for the growth of Vietnam Cheese Market.

Opportunity – Growing Popularity of Fast Food and Western Cuisine

The introduction of numerous flavored cheese products, including pepper, garlic, red chili flakes, and oregano pickle, as well as the rising popularity of Western cuisines and rising disposable incomes, are expected to further drive Vietnam Cheese Market. Despite being a common dish in Western countries, cheese can be adapted to suit a variety of tastes and preferences of consumers worldwide, including in Vietnam. Although Western cuisines are diverse, they have several characteristics in common that make them unique from other regions' cuisines. Various types of cheeses and other fermented milk products are used in Western cuisines. The effects of rapid Westernization are spurring the demand for cheese in Vietnam. As a result, Vietnam Cheese Market is projected to expand at a significant growth rate during the period in analysis.

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Cheese Slices Dominate Vietnam Cheese Market by Format

The cheese slices segment accounts for the largest market share of Vietnam Cheese Market by format. Cheese slices are frequently used in homes and restaurants to prepare sandwiches and burgers, it is anticipated to maintain the market dominance over the forecast period as well. Cheese spreads holds the second largest market share in Vietnam Cheese Market by format. The other major cheese formats include diced/cube cheese, shredded cheese, cheese blocks, cheese liquids, and other cheese formats.

Impact of Escalating Geopolitical Tensions on Vietnam Cheese Market

Escalating geopolitical tensions could affect the growth of Vietnam Cheese Market. Political, military, and trade tensions disrupt trade flows and increasing raw material costs. As the country imports the majority of cheese and dairy products, geopolitical instabilities in key supplier regions could lead to supply chain disruptions, delays, and higher prices. Additionally, tensions may affect foreign direct investments (FDIs), which are crucial for the market growth, by creating an uncertain business environment. Moreover, trade barriers, tariffs, or sanctions could limit access to essential dairy products and technologies, slowing down innovations and increasing production costs, ultimately limiting the growth potential of Vietnam Cheese Market and hampering consumer affordability.

Competitive Landscape

Vietnam Cheese Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Ba Vi Dairy, Bel Vietnam Co., Ltd, Fonterra Brands Vietnam, FrieslandCampina Vietnam (Dutch Lady), Hanoi Artisan Cheeses, Kashew Cheese, Lactalis Vietnam, Megmilk Snow Brand, New Viet Dairy (Daitanviet), Nutifood, Ottima Cheese, TH True Milk (TH Group), Vietnam Dairy Products JSC, and Zott Vietnam. 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 Cheese Market.

Don’t miss the business opportunity in Vietnam Cheese Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Cheese Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Cheese 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.

Scope of the Report

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