Market Research Report
Vietnam Food Processing Market 2016 Report
|Published by||FiinGroup JSC||Product code||367265|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|Vietnam Food Processing Market 2016 Report|
|Published: August 8, 2016||Content info: 102 Pages||
‘Vietnam Food Processing Market 2016’ report presents a board range of topics, both sector-specific and cross-cutting market issues.
We have completed the review of food processing landscape in Vietnam, including the market overview, analysis of demand, supply, distribution, value chain and competitive landscape of each segments, investment activities and legal framework.
Below are the most critical findings in our first issue:
Domestic production of processed seafood was equivalent to 40% of total seafood production, increasing steadily at 2-3% annual since 2011. Currently, factories are not operating efficiently at designed capacity due to the lack of raw ingredient supply.
Sausage has become the hottest category because of its high profitability and preference of Vietnamese consumer. In 2014, although revenues earned from sausages only accounted for 25.4 per cent of VISSAN's total revenue, the profit recorded by the sales of this product accounted for more than 60 per cent of the company's profit.
Milk products is the largest segment in the food processing industry, followed by yogurt with five year CAGR of 13% and 12% respectively. According to MOIT, per capita milk consumption in Vietnam was just 18 liters per annum in 2013 and was expected to rise to 21 liters by 2015 and 35 liters by 2025. Therefore, milk products market will continue to grow strong in the future.
Domestic production of processed fruit & vegetables depends on the growth of export market with most producers concentrating in the South as supply is more abundant in this region.