Vietnamese Dairy Sector Expected to be over US$ 2 Billion Market by 2015

The dairy production is increasing in the Vietnamese retail market, which has been posting a significant growth, says RNCOS latest report.

NOIDA, India (prHWY.com) February 24, 2012 - Vietnam, one of the world's five most lucrative retail markets, has been experiencing significant changes in its regulatory structure and consumer behavior for the past few years. According to a new research report by RNCOS, the volumes of dairy products produced and traded in Vietnam are still low in comparison to other commodities. The country is currently the world's 20th most important importer of dairy products. With the growing GDP and rising per capita income, the Vietnamese milk industry has a wide room for development. Many modern farms with thousands of milk cows are being built across the nation, and on back of such developments, the dairy sector in Vietnam is estimated to cross the US$ 2 Billion-mark by 2015.

The "Vietnam Retail Market Forecast to 2014", further expects that the increasing dairy production will be able to meet 34% of the country's domestic consumption in 2015 and 38% in 2020. As per the findings of the 85-page comprehensive study, rising disposable incomes, infrastructure development and expanding rural retail market will continue providing multitude of investment opportunities in Vietnam. Besides, the country's regulatory structure favoring foreign investors and consumer increasing attention towards modern retail concepts will help the retail sales of goods and services surge at a CAGR of around 26% during 2012-2015.

The report provides a detailed research and rational analysis of the current status and expected position of the retail industry in Vietnam. It facilitates forecasts for food segments like dried processed food, noodles, dairy and bakery products, and non-food segments like clothing, footwear, cosmetics and consumer electronics for the period 2012-2015. The study also includes analysis of retail sales with respect to different provinces and ownership, and highlights consumer behavior to provide a balanced outlook of the industry to clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM337.htm

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Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam food retail

Categories: Retail

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