Vietnam's whole fresh cow milk production has shown significant growth from 2013 to 2023, rising from 456.39 thousand metric tons to 1178.9 thousand metric tons. This represents more than a doubling of production over the past decade. Notably, the year-on-year growth peaked in 2015 at 31.59% but has since experienced moderation, falling to 4.17% in 2023. The compound annual growth rate (CAGR) also declined progressively; from 18.72% in 2015 to 4.72% in 2023. The forecast from 2024–2028 indicates continued growth but at a slower pace, with a forecasted 5-year CAGR of 2.98% and a total growth rate of 15.83% by 2028.
Future trends to watch for include:
- Potential impacts of economic conditions on milk consumption patterns.
- Technological advancements in dairy farming and production efficiencies.
- Government policies aimed at supporting or regulating the dairy sector.
- Increasing consumer preference for organic or locally-sourced milk products.
