Introduction – Vietnam’s Milk Powder Market in Statistical Focus
Vietnam isn’t just about rice paddies and coffee anymore — it’s quickly becoming a global contender in the dairy industry, particularly in milk powder exports. The country has steadily carved a name for itself in the international milk powder market, with production and export numbers rising year after year. In 2024 alone, Vietnam produced an estimated 145,500 tons of milk powder, representing a 10.9% increase from the previous year. That’s not just a number — it’s a clear signal that Vietnam is upping its game.
But here’s the kicker: with so many suppliers entering the fray, how do you, as a buyer, pick the right one? That’s where a data-driven approach becomes your best friend. Platforms like Freshdi are changing the game by offering real-time insights, RFQ trends, verified supplier profiles, and market intelligence that help you make confident procurement decisions.
Let’s break it down and explore who the top players are and why Vietnam’s milk powder scene is worth your attention.
Deep Dive – Key Production, Export Statistics & Market Signals
Vietnam’s milk powder industry has been on a roll. The numbers speak for themselves:
- 2024: Production soared to 145,500 tons.
- 2025 (Jan–May): Already hit 60,400 tons, a 4.8% YoY increase.
- May 2025 Output: 13,700 tons, up from 13,200 in April.
These production surges are more than just good news for local dairy farms — they signal a reliable and scalable supply chain for international buyers.
Export-wise, Vietnam’s milk powder is finding hungry markets abroad. Cambodia leads the way, accounting for a whopping 76% of Vietnam’s milk powder exports in 2024. The Philippines and Iraq follow at 4.5% and 3.6%, respectively.
Here’s another interesting twist: In September 2024, Vietnam joined the Belarusian Universal Commodity Exchange, opening up new channels for trade and exporting 52 tons of milk powder in the process.
Meanwhile, Freshdi’s RFQ (Request for Quotation) data shows a steady rise in inquiries for Vietnamese milk powder, matching the production and export growth curve. This signals strong buyer confidence and growing international interest in Vietnamese suppliers.
Top 10 Verified Milk Powder Suppliers in Vietnam – Proven Export Performers
Choosing a supplier isn’t just about price — it’s about reliability, certifications, export track record, and quality. The following suppliers have been vetted based on their market performance, user feedback, and verified listings on Freshdi.
1. MINH DUONG FOODSTUFF JOINT STOCK COMPANY
A trusted name in food exports, Minh Duong specializes in coconut milk powder and has consistently ranked among the top suppliers on Freshdi’s export charts.
2. HUCAFOOD PRODUCTION – TRADING COMPANY LIMITED
Blending tradition with innovation, HUCAFOOD offers private-label services and a wide range of coconut-based milk powders, expanding rapidly into the Middle East and Southeast Asia.
3. Qualitex Co., Ltd
With a focus on quality and food safety certifications, Qualitex has made a name for itself in European and American markets.
4. VINAMILK
Vietnam’s dairy giant, Vinamilk reported over VND 5,000 billion in export revenue in 2023. Their baby formula and nutritional milk powders are hot commodities in Japan, South Korea, and the Middle East.
5. VIET FARGIMEX COMPANY LIMITED
Known for its creamy texture and natural flavors, Viet Fargimex has become a top choice for buyers looking for authentic coconut milk powder.
6. SEIVINA IMPORT EXPORT COMPANY LIMITED
Specializing in branded milk powders, Seivina is gaining traction in African and Middle Eastern markets thanks to their competitive pricing and consistent quality.
7. VIET DAIRY CO., LTD
Although not on Freshdi yet, Viet Dairy is a strong domestic player with potential for rapid international growth.
8. GREEN DAIRY VIETNAM
A relatively new entrant that’s making waves by focusing on organic and gluten-free milk powder variants for health-conscious consumers.
9. DAIRY STAR VIETNAM
Offers a wide range of milk powder blends tailored to different taste preferences and nutritional requirements — popular in Southeast Asia.
10. ASIA DAIRY FOODS VIETNAM
Focused on B2B partnerships, Asia Dairy excels in large-scale private-label production and exports.
Dynamic Ranking Note:
While this list reflects July 2025’s top performers, platforms like Freshdi offer dynamic rankings such as “Supplier of the Month” or “Top Export Growth Supplier,” based on real-time data, RFQ volumes, and buyer feedback. Keeping an eye on these trends helps buyers stay ahead of market shifts.
Market Navigation – Statistical Trends, Pricing Analysis & Export Dynamics
Let’s talk trends.
Milk Powder Variants in Demand
Based on RFQ trends from Freshdi, the most requested variants are:
- Baby formula with added colostrum
- Coconut milk powder (especially for vegan markets)
- Fortified milk powders with added vitamins and iron
This variation in demand shows that customization and specialization can be key differentiators for suppliers.
Seasonal Price Shifts
Here’s a quick breakdown:
- Early 2023: Global raw milk prices surged by 60%, squeezing profit margins.
- Late 2023: Prices stabilized as China’s import demand cooled and global consumption dropped.
Smart buyers use this data to time their purchases — buying in Q3 or Q4 generally offers better pricing and availability.
Export Opportunities
Vietnam is diversifying fast. Not only are traditional markets like Cambodia and the Philippines growing, but partnerships like the Belarusian Universal Commodity Exchange open doors to Europe and Central Asia.
Import Signals
South Korea’s growing exports to Vietnam (from $7.58M in 2016 to $19.54M in 2021) reveal a two-way trade dynamic. Vietnamese businesses can learn from Korean quality standards, while Korean companies see Vietnam as an expanding consumer base.
Conclusion – Leveraging Data for Informed Procurement
Vietnam’s milk powder sector is not just growing — it’s evolving. With production scaling up, exports diversifying, and new markets opening up, now is the time to consider Vietnam as a strategic sourcing destination.
But don’t just go by gut feeling. Use platforms like Freshdi to:
- Check verified supplier profiles
- Analyze RFQ trends
- Access trade data and certifications
- Monitor real-time pricing and availability
Whether you’re a wholesaler, private label brand, or food manufacturer, having access to this level of insight transforms guesswork into strategy.
Key Takeaways
- Vietnam produced over 145,000 tons of milk powder in 2024, with continued growth in 2025.
- Cambodia, the Philippines, and Iraq are key export destinations.
- Suppliers like Vinamilk, Minh Duong, and HUCAFOOD lead the pack in verified exports.
- Freshdi provides a comprehensive platform for real-time supplier data and RFQ trends.
- Market dynamics favor buyers who use data to time purchases and select suppliers based on performance.
Checklist for Buyers – Sourcing Milk Powder from Vietnam
- ✅ Verify certifications (HACCP, ISO, Halal, etc.)
- ✅ Check export volumes and partner countries
- ✅ Use Freshdi to compare pricing and RFQ volumes
- ✅ Consider supplier specialization (baby formula, vegan options, etc.)
- ✅ Monitor seasonal trends for cost optimization
Future Outlook
The Vietnamese milk powder industry is projected to reach $840 billion by 2028, growing at a CAGR of 6.47%. As domestic consumption rises and export channels expand, buyers have more choices — and more competition.
Stay informed. Stay agile. And always use platforms like Freshdi to turn data into smart sourcing decisions.
FAQs
1. Why is Vietnam a good place to source milk powder?
Vietnam offers competitive prices, growing production capacity, and expanding international trade partnerships, making it a reliable supplier.
2. How can I verify if a Vietnamese supplier is trustworthy?
Use platforms like Freshdi to check supplier profiles, certifications, and buyer reviews.
3. What are the most in-demand types of milk powder from Vietnam?
Baby formula, coconut milk powder, and fortified nutritional powders are leading the demand.
4. When is the best time to purchase milk powder from Vietnam?
Prices tend to stabilize in Q3 and Q4, making them ideal buying windows.
5. How does Freshdi help in supplier selection?
Freshdi offers real-time RFQ trends, verified supplier listings, pricing data, and export statistics to help you make smarter procurement choices.
