Binh Duong Nutifood Nutrition Food Joint Stock Company (Vietnam)

Binh Duong Nutifood Nutrition Food Joint Stock Company acts as a production-based of Nutifood Nutrition Food Joint Stock Company (NutiFood). The factory is invested in advanced technology with high automation and efficiency in waste treatment and recycling. NutiFood Binh Duong Dairy Factory was honored to receive "Top 10 Green Friendly Factory" award. NutiFood owns a diverse product portfolio including powdered milk, fresh milk, pasteurized milk, condensed milk, soy milk, yogurt, powdered snacks, porridge, cereals, flan, coffee, etc. under Nutifood, Nuti IQ, Riso, GrowPLUS, Nuvita, Nuti Smart, Dr. Chao, Nuticafé brands...Over time, Nutifood has built a complete distribution network across 64 provinces and cities. In 2019, Nutifood successfully introduced Nuti soy milk products into 450 Walmart branches in China. In addition, the company's products have been exported to Singapore, the USA, the Philippines, Japan, South Korea, China, etc.The dairy market in 2022 recovered as COVID-19 pandemic was controlled, so production and distribution have returned to normal. However, due to the Russia-Ukraine conflict, the global supply shortage as well as high inflation eroded the disposable income of consumers. Under pressure from input material prices, many domestic dairy market brands have changed their prices. According to the comprehensive report, domestic and imported yogurt, liquid milk and powdered milk adjusted to increase by 5 to 10% in the first months of 2023. However, milk powder prices can be down in the second half of 2023 due to reduced import demand from China and global dairy demand may be weak in the short term as many economies are facing inflation. Therefore, dairy producers will record gross margin recovery in 2023, when the pressure from raw material costs eases.