All these factors contribute to the dynamic food market in Vietnam. Vietnam Food Service Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) $ 3250. Vietnam: packaged food and drink sales value 2020 | Statista The 10 biggest flavour trends for 2020: THP. The Food Retail Industry in Vietnam is Dominated by Traditional Retailers Revenue in the food and beverage sector is expected to grow annually by 3% (2019-2024). consumers gradually become intelligent and lead a green and healthy lifestyle through the use of organic and clean foods. Glitter Wine. Overall recalls rose 10% from 20… Vietnam Pet Food Market-Growth, Trends and Forecast (2020 - 2025) These insights are included in … These include the shift to e-commerce, food safety concerns, and the desire for supply chain traceability. WebstaurantStore / Food Service Resources / Blog. In our market analysis, we reveal stunning shifts in the industry that employs 3.7 million in the United States. Go along with that, food safety, health and environmental issues are their top concerns. Fish Meal Consumption. Five year forecasts of market trends and market growth. Its overall score has increased by 2.9 points, primarily because of an improvement in fiscal health. For every square kilometer of land, there is an average of 291.33 people. Year-long statistics for 2019 were not available at press time, but recalls have been on a long-term uptick. Globally, fortified/functional food sales topped $267 billion, and naturally healthy food sales were $259 billion in February 2020; U.S. sales reached $63 billion and $42 billion, respectively (Euromonitor 2020). Yet, it is the country’s essential goods like food and drink that are propelling retail. Processed Fish in Vietnam (2020) – Market Sizes $ 600 March 2021. Soft, crunchy, sweet, spicy -- a bowl of contrasts. In comparison, Vietnam has a small surface area, and at 331,210 square kilometers (128,565 square miles), this is only the world’s 65th largest in terms of landmass alone. As our 2018 and 2019 foodservice trends have shown, some F&B trends continue to last and are so strong that they evolve over and over rather than making room for new ones. In order for your products to appeal to this generation, you must understand their eating habits and food preferences. 25 to 34 years old. The Baby Food Sector in Vietnam, 2018″, is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Vietnamese market. Research from Dataessential has found that 59% of consumers eat meatless meals once a week, plant-based foods are expected to fuel a USD 5 billion marketplace by 2020. Presented with a list of issues, food safety ranked highest in a weighted vote (respondents were asked to rank the issues from first to 10th) with a score of 964, followed by “cost control” (876) and “worker safety” (853). Foodie trends on Boston’s menu in 2020. The global snack food market is expected to grow from $210.4 billion in 2019 to $215.9 billion in 2020 at a compound annual growth rate (CAGR) of 2.7%. Search: Records: 13 25 50. Recognising this transformation, Mintel’s 2021 Global Food and Drink Trends are inspired by recent shifts in consumer purchases and attitudes across industries. It’s a resounding no to ‘gram-worthy food that does nothing for our bodies and taste buds GDP per capita is 2400 USD in 2017 and targets to be 10.00… According to the latest report by IMARC Group, titled “ Vietnam Pangasius Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the pangasius market in Vietnam reached a volume of 1.22 Million Tons in 2019. It’s likely … Published Dec. 30, 2019 Updated Jan. 8, 2020. Others disperse in various ways across multiple sectors. Toronto-based food marketing agency THP has released its annual fifth annual "Flavour & Trend Forecast," identifying ingredients, themes and cooking techniques it says "are set to reshape the food and beverage landscape." Attack of the bar snacks. THP has released its fifth Flavour & Trend Forecast for 2020 – an annual report highlighting the latest ingredients, cooking techniques and culinary ideas driving innovation and disruption within the food and beverage industry. Top Coffee Trends of 2021. Share of respondents who would keep using food delivery apps as often after social distancing measures were lifted due to COVID-19 outbreak in Vietnam as of June 2020, by age group. 44.8 million adults were using sharing economy services in the US in 2016. By Nam Anh May 28, 2020 | 10:10 am GMT+7. PRINTER FRIENDLY. The consumers are also more aware of specific health benefits of particular products, according to a new report by market research firm Nielsen Vietnam. The sharing economy is seen to grow from $15 billion in 2014 to $335 billion in 2025 (Forbes, 2019). The Baby Food Sector in Vietnam, 2018″, is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Vietnamese market. Vietnam Food Service Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) May 17, 2021 | USD 3,250... of 8.65% during the forecast period of 2021-2026. The Vietnam pet food market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2025). Vietnam’s urban population as of December 2019, was 33.5 million, equivalent to 34.7 percent of the total population. Vietnam is a very nascent market and recently opened up the consumer space. While stockpiling and consuming nearly all food at home is likely to subside as states and cities reopen, other COVID-19 trends in the Food & Beverage sector are expected to endure. In line with consumer trends leaning … Vietnam is a very nascent market and recently opened up the consumer space. 16 to 24 years old. Trend 2: Mix-and-Match Menus Salmon Production. As 2020 gets going, the start of a brand new decade, we wanted set out to discover what the next five years of food would look like—because it’s fun to know stuff before anyone else. 3. Detailed segmentation of international and local products. Search: Records: 13 25 50. Food Management provides noncommercial onsite foodservice industry news and business and culinary insights to the K-12, college, healthcare and B&I segments. From pumpkin-spiced everything to avocado toast, kombucha to cold brew, a lot of food trends have crossed our plates and glasses in the last decade. 30 years of reform has made Vietnam, a country of 94 million population to completely change its economic landscape with high economic growth, improved living standard. Current ERP trends illustrate a shift towards greater cloud adoption and intelligent … Event News, More From FHV. The 2010s brought us food trends that likely never should have existed in the first place. Characteristic. Typical trends of the Vietnam’s dairy industry in early 2020 Choose plant milk like soy milk and barley milk instead of cow’s milk Thanks to its high protein content, rich in nutrients, the consumption of plant milk has significantly increased in recent years. Vietnam’s e-commerce market could be ranked third after Indonesia and Thailand by 2025, according to the E-Business Index 2019 report by the Vietnam E-Commerce Association. Everything Butters and Spreads. This pork noodle dish from Hoi An is a bit … Ferrero ranks ninth among the world’s packaged food companies in 2020 and reached the sweet biscuits podium globally in 2020. Learn where the fast-food industry is heading this year and beyond. More importantly to food manufacturers, they have significant buying power, an estimated $143 billion in the United States alone. 55 years and older. page 1 Foodie trends on Boston’s menu in 2020. The COVID-19 pandemic has led to widespread economic distress throughout the South East region. Before we examine the future of the food industry in the Asia Pacific, it’s important to look at the state of play today. 16 ‒© Ipsos | Food Trends | 2020 SUGAR REDUCTION FUNCTIONAL FOOD – NEW INGREDIENTS SUSTAINABLE PACKAGING Reducing their intake of sugar is a top priority for consumers, but behaviour change is slowed down by addiction or habit and the resulting difficulty of concretely coping with a reduction of the sweetness of what one eats. 103 pages. If you’re the sort of person who uses the annual avalanche of food and drink predictions as an anthropological window … Vietnam and India are competing for ASEAN rice trade post-COVID-19, with the former having gained advantage due to support from traditional partner Philippines, and the latter having come out ahead with Malaysia in terms of price. Baking; Dessert; Dinner; Cuisines; Everyday Cooking; Special Occasions; Make it Healthy; Vegetarian; Entertaining; Kid’s Kitchen; This website is made by Zahra Media Group. 16 to 24 years old. While businesses must limit their occupancy and implement social distancing solutions, the usual crowded coffee shop scene of studying students, remote workers, and laughing friends has temporarily faded from our view. May 2021. The most common sightings are meta trends for 2020. In this report, read about some of the overarching food, beverage, and service trends that are reshaping the industry for a new generation of consumers, including specific ideas, tips, and how-tos that operators in all segments can use to harness the momentum of these trends. Food safety may be getting this high profile because of a surge in recalls and alerts. Tax Preparation Industry Analysis 2020 - Cost & Trends. Twenty Korean tourists were reportedly unhappy about the food given to them while being under quarantine at Lung Hospital in Da Nang since Monday, prompting Vietnamese … Dublin, May 06, 2020 (GLOBE NEWSWIRE) -- The "Global Plant-Based Food & Beverage Market - Analysis By Product Type, Source Type, By Region, By Country (2020 … Industry analysis. As business needs become more complex, ERP software is advancing to meet the demand for more customizable features and broader social integrations. Khai mạc e Vietnam Marketing Summit 5.0 (eVMS 5.0) 9h00 thứ Bảy ngày 12/12/2020 Hội nghị thượng đỉnh Marketing Việt Nam – Vietnam Marketing Summit 5.0 (VMS… Vietnam Marketing Summit 4.0: Phát triển bền vững là chìa khoá thành công JAn. 01, 2020 – A rendering of High Street Place Food Hall, coming in 2020. The consumers are also more aware of specific health benefits of particular products, according to a new report by market research firm Nielsen Vietnam. Let us know what you think are:1) Food trends that are going away2) Food trends that are coming in! … The very low consumer awareness levels not just regarding the different products but also about the basics of pet healthcare, ownership is a challenge to the pet market. Vietnam market is driven by the growing economy and stable financial conditions. +1 757-616-7250. In 2021, however, this figure is expected to increase to 86.5 million (Statista, 2019). Published Dec. 30, 2019 Updated Jan. 8, 2020. The Vietnam pet food market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2025). They make up 25% of the population, and by 2020 will account for over one-third of the US population. In 2020, Now was the leading food delivery service in Vietnam, holding 42 percent of the market share in this segment. There was a reasonably clear linear process to get food from paddock to plate (Figure 1). Food & beverage industry: Vietnamese consumer behaviors. Vietnam canned food market is estimated to grow at a CAGR of 6.26% during the 2018-2024 period. Preferred time for ordering food on food delivery apps in Vietnam as of June 2020, by age group. The market is further expected to grow at a CAGR of 5.5% between 2021 and 2026 to reach a value of almost USD 136.4 billion by 2026. Apr 07. Business Trends in Vietnam 2020: Industry Experts Share Their Opinion. JAn. 01, 2020 – A rendering of High Street Place Food Hall, coming in 2020. The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. Characteristic. Asia Pacific continues to lead global health/wellness growth in food and nutrition (Barbalova 2019). The industry grew over 2% from 2010-2015, and is expected to speed up the pace of growth. Meta Trends for 2020. Vietnam is home to a population of about 96 million – up from about 60 million in 1986 – with 70% under the age of 35. Processed Meat in Vietnam (2020) – Market Sizes $ 600 August 2020. The rate of urbanization in Vietnam reached about 39 percent in 2019. When it comes to overall priorities, food safety came out on top in our survey. Citing Nielsen surveys and global trend reports, she said 37% of Vietnamese consumers consider health to be among their top two concerns, while 90% are concerned about the long-term health impact of artificial ingredients (versus 75% globally), and 76% want to know everything that goes into their food (74% globally). The market for food and non-alcoholic beverage is forecast to grow by 11.6% in 2018-2021 period and reach a value of USD 40 billion in 2021 (Business Monitor International Ltd). In the world upended by COVID-19, Vietnam’s business leaders and industry experts share their insights and business trends in 2020. Send me notifications of new editions: Register. 1-23. It seems that the alcohol industry just can’t keep up with the rising, changing trends of … Vietnamese food is full of simplicity, subtle variations by region and fresh ingredients that keep us pulling up a plastic stool for more. Within food, the greatest growth comes from the impulse food category such as biscuits (11.9% growth), cake/pie (8%) and snacks (21%). Huynh elaborated on four visible trends in the Vietnamese market: health and wellness, premiumisation, convenience and indulgence. More interest in plant-based eating. In recent years, both augmented reality (AR) and virtual reality (VR) have become massively popular and are emerging as top trends in marketing. So we spoke to the experts about what’s hot, what are diners looking out for and food trends that should be left behind in 2019. Fi Vietnam is a biennial event and returns in 2020 alongside its co-located Beverage Ingredients and Natural Ingredients pavilions, gathering the entire food and beverage value chain to source ingredients, network with industry professionals and learn about the latest trends and developments in the region. 20 July 2020. The Just Food magazine brings together the magazine formerly known as Inside Food with industry-shaping insight from just-food.com. Vietnamese food trends 2020 Easy Food - Advertisement - Recipe Categories. Huynh said the figures regarding health are telling. Indonesian President Joko “Jokowi” Widodo won re-election in April, securing 53 percent of the vote over his rival, Prabowo Subianto. Vietnam’s e-commerce activity is most active in Hanoi and Ho Chi Minh City. In 2020… Thursday 01, 04 2021. "I’m glad heritage cooking is trending, but it should be a trend that is here to stay. By Christopher Doering • Oct. 30, 2020 The world's largest food manufacturer, which purchased a stake in the upstart in 2017, can bring its deep knowledge of customer trends… Vietnam is a very nascent market and recently opened up the consumer space. Rendering by Gensler. Twenty percent of Vietnam's household's monthly spending budget is for food and drink. Heritage cooking. Now was launched by Foody.vn, originally a food review website, in 2016 and has become one of the most popular services within this segment since then. [2] Paul H.B. By Nam Anh May 28, 2020 | 10:10 am GMT+7. Vietnam Baby Food Sector Market. Those two sets of figures would suggest a densely populated landscape and that is the case to an extent. Easy Food is Ireland’s go-to source for all things food. Some … Vietnam Area and Population Density. The global pet food market size reached a value of almost USD 98.9 billion in the year 2020. Vietnam Food & Beverage Reports: Our 2021 Vietnam report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Food & Beverage market. The Vietnam FMCG market report in 2020 also points out that Vietnamese consumers mainly spend on food and consumer goods (27.1% in big cities and 26.9% in rural areas). Global Forecast for Food Processing Ingredients (2020 to 2026) - High Tech & Emerging Markets Report - ResearchAndMarkets.com April 27, 2020 05:11 AM Eastern Daylight Time This is the intersection of desserts and naturality. The events of 2020 caused a fundamental reset in human behaviour. Instead of beef, pork and poultry, Americans – even meat-lovers … We analyzed 20 food trend prediction lists from top industry sources to measure the frequency of each trend. Plant-based foods are blooming. As the industry’s choice platform for 11 years, Food & Hotel Vietnam is the most established tradeshow in Vietnam that serves industry sectors such as food & beverages, hotel, restaurant, bakery, foodservice amongst others. [1] Kartik Bommakanti and Anant Singh Mann, “China’s Military Modernisation: Recent Trends”, Issue Brief, Issue No. Sales from these cities account for 70 percent of the country’s total. Dominating the list were region-specific global flavors, from regions of the … 45 to 54 years old. Fast fashion retail brands such as H&M, Gap and Zara have undertaken ambitious store opening plans. Trend Tracker: COVID-19 changes, dairy and health trends feature in our round-up 17 July 2020 Vietnam Food Sweetener Market is growing at a CAGR of 2.24% during the forecast period (2020-2025). As the year comes to a close, Uber Eats released a list of 2019's most popular foods and its predictions for food trends in 2020. The food ecosystem Historically, each player in the ‘food chain’ was distinct and operated independently. Now that we’re in 2020, it’s only natural for us to be curious about what tasty, exciting things we can expect this year. The middle class, which now accounts for about 13% of its population, is also expected to grow to about 26% by 20269. Jun 2, 2021. Historic volumes and values, company and brand market shares. The Packaged food in Vietnam market research report includes: Analysis of key supply-side and demand trends. This year’s book explores the areas behind the global F&B market growth. The Vietnam online food delivery market is expected to grow at a CAGR of around 34% during 2021-2026. Vietnam is one of the most attractive markets in South East Asia for consumer-oriented organisations due to its sustainable economic growth and low inflation levels, which will strongly benefit consumers' spending power over … As the year comes to a close, Uber Eats released a list of 2019's most popular foods and its predictions for food trends in 2020. After careful consideration and close consultation with all partners and key industry stakeholders, Informa Markets, the organiser of Food ingredients Vietnam (Fi Vietnam) has decided to reschedule the event, originally scheduled for 11-13 November 2020 at Tan Binh Exhibition & Convention Center (TBECC) to 18-22 May 2022 at Saigon Exhibition and Convention Centre (SECC). Principal, Advisory, KPMG US. Vietnam Baby Food Sector Market. April 3, 2019. According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Vietnam online food delivery market grew at a CAGR of 38% during 2014-2019. Vietnam Retail Sector - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The Vietnamese retail sector is valued at USD 170 Billion in 2020 … Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. The popularity of plant-based foods is growing, with more households following a 'flexitarian' diet. ERP Trends. Vietnam continued to systematically violate basic civil and political rights in 2020. If you’re the sort of person who uses the annual avalanche of food and drink predictions as an anthropological window … We see this decision to … Source: General Statistics Office Figure 3: Vietnam’s Consumer Confidence Index (2014-2019) Vietnam’s economic freedom score is 61.7, making its economy the 90th freest in the 2021 Index. The Vietnam pet food market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2025). 25 to 34 years old. The foods which are first processed and then preserved by sealing in an airtight container to extend the shelf life of the product are called canned foods. Food retail sales reached $50 billion in 2019, up 13 percent compared to 2018. TABLE OF CONTENTS Trend 1: Instagram It! These Are the Food Trends We'll Be Talking About in 2020, According to Food Network. More than that, 83% actively make Vietnam foodservice market was valued at USD 24.62 billion in 2020, and it is projected to witness an estimated CAGR of 8.65% during the forecast period of 2021-2026. Sharing Economy Trends Highlights. Being one of the fastest growing economies in Asia maintaining about 6-7% annual GDP growth over the past 10 years has allowed Vietnam to join the ranks of the world’s lower middle income economies. Our new 2021 forecasts are embedded within Mintel’s 7 Trend Drivers: Wellbeing, Rights, Value, Identity, Experiences, Surroundings, and Technology. Vietnamese Street Food gives you an insider's view of the country and features over sixty well-loved and authentic recipes, from the ever-popular pho to prawn rice paper rolls and the tangy, crunchy peanut-studded rice balls favored by snacking students. The 2020 food trends everyone’s going to be talking about Foodie or not, in 2019 you couldn’t have failed to hear about kefir, sriracha and Buddha bowls. The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. Tax preparation is BIG business – there were 300k people employed at 109k firms in 2012 - generating $9 billion in revenue in 2012. Rendering by Gensler. Food and beverage to Vietnam Trends and opportunities The market. This has led to the increase in disposable income and spending patterns. The apparel industry is growing both on- and offline with about 200 foreign fashion retailers active in Vietnam, accounting for 60% of the clothing market. 35 to 44 years old. More importantly, middle class - the foundation of consumer - is rising fast: in 2030, 49% of households will have annual disposable income of US$5,000 to US$15,000, an increase of 33.8% against that in 2018. Has (insert nut, seed, snack) been made into a butter yet? 57 Critical Fast Food Industry Statistics and Trends (2020 Update) Vietnamese consumers are positive about future prospects. In this first edition of the Vietnam Consumer Survey, we explore some of the latest consumer behaviour patterns emerging from the results of our survey conducted in the second half of 2019 across 1,000 respondents through face-to-face interviews in four cities: Hanoi, Ho Chi Minh City, Can Tho, and Da Nang. The stars (and the data) point to pellet grills, new ways to eat veggies, global pastries and more. Historical market trends for the industry have been provided from 2016-2020 and forecasts have been presented till 2026. Likewise, health halo beverages like boozy kombucha and alcoholic still water are expected to gain even more ground among consumers in the spirit of … Cao lau. With the growing trend for small plates, restaurants are boosting their bar … The Vietnam pet food market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2025). The Vietnamese food and beverage industry is seeing strong growth along with rising incomes, and its unique characteristics and preferences bring opportunities that food firms need to know how to seize. 381, Observer Research Foundation, New Delhi, July 2020, pp. Vietnam is a very nascent market and recently opened up the consumer space. April 3, 2019. Desseralité. The low growth is …
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