Trend #1: Plant-based Foods. Read More. O.Brien, S.(2018). Notably . According to VNDirect Securities, consumer spending with a shift to fresh and packaged foods, Vietnam News Agency reported. In the consumer goods production field, Kido Group made net revenue of 4,898 billion VND in the first half of 2021, up 34% over the same period. The market is led convincingly by Vietnam Dairy Products JSC (Vinamilk) due to its strength in the largest value category of dairy products and alternatives. a 6.0% CAGR in terms of revenue, the global market size will reach $ 1894830 million by 2026, from $ 1499930 million in 2021. Draft Charter VFBG - EN. Shopping at a supermarket on May 1, Hong Hoa, a . Region Wise in 2021 Table Global Food and Beverage Packaging Sales, Revenue, Price and Gross Margin (2017-2022) . Annual growth is forecast at 3.7 percent. read more Here's the email Elon Musk sent all Tesla employees about 10% head count . Showcase your products and connect with your target audience digitally . May 23, 2022. The consumption of healthy food has been a rising trend for several years now, as seen in the "clean-eating" drive in western European countries and America; as also macrobiotic diets in Asian countries. Vietnam's consumer market has always been attractive due to supportive demographics, economic growth and high urbanization rate, stated VDSC's report. In Vietnam, free from . The total number of tourists served by accommodation, food and beverage service establishments in 2020 reached 97.3 million VND, a decrease of 44% over the previous year; a number of tourists served by travel agencies was 3.7 million, down 80.1%. Company response. The upward trend in the number of new putative consumer class actions alleging misleading food labeling continued in 2021 . 2. The global batter and breader premix market size is expected to grow to $2.94 billion in 2026 at a CAGR of 6.2%. Global financial services provider Fitch Solutions reported Vietnam's spending on essential goods, such as food and non-alcoholic beverages, housing and utilities, is estimated to grow between 8 per cent and 10 per cent year-on-year in 2022 and 2023 respectively, driven by rising spending post-pandemic. Figure 1: Key Market Trends Figure 2: Porter's Five Forces Analysis Figure 3: Opportunity Matrix . The global subscription economy is projected to grow at a CAGR of 71.45% from 2020 to 2025, taking the total market size from $51 billion to an estimated $442 billion. Herbs, Roots and Mushrooms There has always been an attention to vegetables in connection to healthy eating as bodies are in need of high nutrients. However, Japan was found to be one of the biggest influences on people's dishes (24%) closely followed by South East Asia (20%) and Mexico (18%). Vietnam's food sector accounts for a substantial and growing part of the country's gross domestic product (GDP). 10 Danone, $26.9 billion); Lamb Weston (No. Vietnam Foods and Beverages Working Group (2016) The partners of Vietnam Foods and Beverages Working Group (VFBG), have voluntarily organized ourselves under the direction of VCCI and AmCham to work with key stakeholders to support development and integration of Vietnamese F&B industry. Vietnam is expected to have about 1,200-1,300 supermarkets, 180 shopping centers, and 157 department stores by 2020. International arrival to Viet Nam decreased 78.7% year on year, gained only 3.8 million arrivals. Fi Vietnam will return in 2022 alongside its co-located Beverage Ingredients and Natural Ingredients pavilions offering you the perfect platform to: Learn about the latest trends and developments . H NI The growth prospects of the domestic food and beverage industry are expected to be positive next year buoyed by new consumption trends, according to experts. Bread Production. the market to reach US$ 1,555.4 Million by 2027, exhibiting a CAGR of 16.4% during 2022-2027. Beverages. 1.4.7.6 Vietnam Food and Beverage Packaging Market Status and Prospect (2017-2022) . In this study, the years considered to estimate the market size of Artificial Intelligence (AI) in Food and Beverage are as follows: History Year: 2015-2020; Base Year: 2020; Forecast Year 2021 to 2025; Some of the Key Questions Answered in this Report: . Competition in the food & beverage industry in Vietnam has never been so fierce that many domestic enterprises have been annexed and merged, which is caused by the fact that the business culture habits of Vietnamese enterprises cannot change in line with the speed of integration. 100, $3.8 billion) also did not change. New Consumption Trends Drive Food and Beverage Industry in 2022. 1. This is currently influenced by increased post-pandemic spending. "Sure, demand for tofu as a meat substitute is on the rise, but dishes like Andrea Nguyen's Mapo Tofu Spaghetti or sweet, spicy, crunchy Korean tofu and silken tofu (like we have on the . . According to Statista, revenue in the Vietnamese Food & beverages segment is projected to reach US$559 million in 2021. This is a prerequisite for Vietnam to become one of the most promising markets for food and beverage in Asia. including Ethiopian and Vietnamese. It estimated food and beverages, housing and utilities to grow by 8% next year and 10% in 2023. HANOI (Vietnam News/Asia News Network): The growth prospects of the domestic food and beverage industry are expected to be positive next year buoyed by new consumption trends, according to experts. Nestle. According to insights from Recharge, food and beverage subscriptions have the highest AOV of any vertical. Some other highlights of the 2021 Food Engineering Top 100 list include: 14 companies did not change places in the ranking, including four of the Top 10 (No. Food & Beverage Policy in 2021 and . Vietnam Collagen Supplements Market - Growth, Trends, Covid-19 Impact, and Forecasts (2021 - 2026) $ 3250 April 2021 Vietnam Bottled Water Market, By Product Type, By Packaging Material, By Pack Size, By Origin, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2015 - 2025 $ 3500 December 2020 Agricultural products in Vietnam have an average loss rate of 25-30 percent during harvesting, processing, storage, and transportation due to a lack of cold chain infrastructure in the country. In which, the revenue of the cooking oil segment increased by 36% and accounted for 83%, the food segment increased by 22% and accounted for 17% of the whole revenue. By 2021, that indulgence in alcoholic beverages led to a new trend. Slushies, boba, iced lattes, horchata, and peanut butter shakes are their favorite beverages. The restaurateurs were asked to label each item as "Hot," "Not Hot," or "Perennial Favorite." By 2030, 46 million urban consumers will spend some US$169 billion while . Most Western plates have cheese: burgers, pizza, pasta, kebab, burritos, spicy fire chicken with cheese (Korean), and so on. . The popularity of Vietnamese food and beverages has continued to grow in the US, alongside other Asian cuisine. 1. The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. The retail sales of these products had been growing year on year in the . In the year 2020, the major export and import destinations for food and beverage products in China were as follows: China's top five export destinations for food and beverage were the United States, comprising 19.3% of the total exports, followed by Japan 6.42%, South Korea 4.83%, Vietnam 4.8%, India 2.87%, and others 61.78%, respectively . "Although hard seltzers benefited from this trend recently, Boston Beer reported that hard seltzer growth . Free Webinar: Food and Beverage Industry Outlook for 2021. The beverage industry in the US is expected to expand 5.21% by 2025, with global growth of 6% during the same period. Rx Food . Smoothie bowls, ramen noodles, savory pancakes, s'mores, cookie dough, and mochi are among Gen Z's favorite foods, according to Datassential. Ubiquitous in the retail food and beverage industry is a trend to offer delivered meals, groceries and liquor, brought about by pandemic-related closures and safety concerns. Recent socio-demographic changes in Thailand are . Vietnam is expected to have about 1,200-1,300 supermarkets, 180 shopping centers, and 157 department stores by 2020. From tangy sourdough to hearty rye to classic white, home-baked breads are sticking with us as an ongoing food trend in 2021. via Cozymeal Ingredient Food Trends in 2021 11. In this report, the global Paper Food and Beverage Packaging market is valued at USD XX million in 2022 and is projected to reach USD XX million by the end of 2026, growing at a CAGR of XX% during the period 2022 to 2026. Nestle is the world's largest food and beverage company in the world 2021, maintaining its lead in the industry as sales of its frozen staples such as Hot Pockets, Stouffer's, and DiGiorno increase alongside coffee brands such as Nespresso. VIETNAM FOOD & BEVERAGES CONSUMERS Consumption of beverages, including alcoholic and non-alcoholic drinks, in Vietnam is on the rise with an annual increase of 6%-8%, reaching 81.6 billion liters in 2016, and is projected to hit roughly 109 billion liters by 2020, foreign beverage companies are looking to make inroads into Vietnam market. New Consumption Trends Drive Food and Beverage Industry in 2022. Globally, Vietnam ranks 17th as one of the largest countries with a demography of almost 100 million people. Due to the complicated pandemic, consumers are gradually tightening their spending and becoming pickier in choosing food and drinks. The only dedicated food and beverage ingredients exhibition in the region which will bring the food and beverage leaders together under one roof! . 'I work just 2 hours a day': 24-year-old who makes $8,000/month in passive income shares her best advice. Food & Beverages / Halal Food And Beverage Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions And By Key Players - Nestle, Cargill, . Vietnamese favor healthy food and drinks due to pandemic The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. We're here to help you with a team of audit, tax and consulting professionals dedicated to food and beverage clients across verticalsfrom snack food companies to dairy, meat, poultry, seafood and produce. As businesses strive to quickly accommodate customer demands, municipalities have been slower to adapt to changing business models. Food and Beverage; Vietnam Food Service Market; Email; Print; Share. 7 Surprising Health Benefits of Eating Seaweed. Vietnam Food Service Market-Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026 . Beverages with high nutritional value, organic origin, and safe raw materials are favorable. 2.6 Food and Beverage Packaging Market Competitive Situation and Trends 2.6.1 Food and Beverage Packaging Market Concentration Rate . Tuesday, June 7, 2022. The Global Organic Food and Beverages Market is expected to register a CAGR of 16.44% during the forecast period, 2021 to 2026. Vietnam has a huge market of 93 million people, with more than half of the population under the age of 30. With trade visitor numbers exceeding expectations, the recently concluded THAIFEX Anuga Asia - the continent's leading trade fair for the food & beverage industry - served to shine a powerful spotlight on the most important trends transforming the F&B sector. June 2022 Food and Beverage Review: Litigation. Ancestral eats. Its rising mainstream appeal will drive expansion to different regions and categories in 2021, including accelerated demand for new formats, plant proteins and more sophisticated alternatives. According to Innova, the alcoholic beverage market grew more than 6% through 2020 and 2021. Agricultural products in Vietnam have an average loss rate of 25-30 percent during harvesting, processing, storage, and transportation due to a lack of cold chain infrastructure in the country. Halal Food and Beverage Market Overview. The food and beverage market will benefit from this. In March 2020, a restaurant in Hanoi's Thanh Xuan, district in Vietnam scored lots of attention for using drone food delivery. The Vietnam foodservice market is projected to register a CAGR of 8.50% during the forecast period, 2022-2027. Organic Food. The COVID-19 pandemic has led to widespread economic distress throughout the South East region. In 2020, the retail sales of food and beverages in Vietnam were estimated to reach 51 billion U.S. dollars. Tuesday, June 7, 2022. Tofu. For those of us who frequent trendy bars, a controversial yet very 2022 new trend has found its way onto cocktail menus in only the most avant-garde of venues. We take a look at the six top trends that will have massive impact on the Asia Pacific food and beverage industry's development in 2021, from alternative protein trends to post-COVID-19 changes, emerging category developments in some of the region's biggest markets and more. Edible flowers and botanicals like wild sorrel, juniper, maple blossoms, and balsam add a delicate and unique sweetness to a dish and are predicted to boom in 2020. Low/No ABV [alcohol by volume]: "Already established in the beer sector, low or no ABV are now taking shape in spirits and wine," Inglis says. January 28 2p.m. Free from meat was expected to be amongst the fastest-growing areas of health and wellness packaged food in 2021. Includes comprehensive data and analysis, tables and charts, with five-year forecasts. Showcase your products and connect with your target audience digitally at FHA MATCH, the new virtual series of FHA events held through 2021 Discover top trends and innovations from across the globe at FHA-Food & Beverage 2022, the Largest International F&B Showcase in Asia. Vietnam Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027 $ 3275 March 2022. turmeric and . Beyond these general tendencies, we take a look at six particular drink trends for the year ahead. The global food and beverage services market is expected to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The consumption value of these products had been growing year on year since 2017. 3.2/ Production and business trends in Q.4/2021 17 3.3/ Input materials 17 3.4/ Expansion of convenient store 18 . But the Covid-19 pandemic has provided added impetus. Thailand Beverages Consumption Trends and Forecasts Tracker, Q4 2021 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks) Feb 28, 2022 | USD 995 The Fresh Market Reveals Its "Top 5 Best Tasting Food Trends to Try" for 2022: Global food trends take the eating experience to the next level in . One taste trend expected to gain steam in 2021 is sweet and heat, according to the UK's largest dining membership organisation, Tastecard. Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Vietnam. What I Eat in A Day Videos have become a popular trend across social media platforms where social media users share their daily food and beverage consumption and sometimes review the food and beverages in their diet. 1. According to experts, the trend of beverage consumption in Vietnam in 2021 will be towards a green and healthy lifestyle. This means that manufacturers not only have to build a protein base but must format and flavor it. Enhancing the proverbial "sweet spot" in a trending Vietnamese food by incorporating trusted ingredients can transform a traditional Vietnamese dish into a new variation. "While alcohol is still trending, it's trending at the same level as non-alcohol beverages," says Smith-Lee. According to Euromonitor, there will be 1.23 billion total units sold in 2020, with the majority sold in the Asia Pacific (39.5%), North America (20.7%), and Western Europe (15.9%). Globally, Vietnam ranks 17th as one of the largest countries with a demography of almost 100 million people. Vietnam Meat Substitutes Market, By Type, By Source, By Category, By Region, Competition Forecast & Opportunities, 2017-2027 $ 3500 May 2022. Asia Pacific is anticipated to project a rapid increase in CAGR during the forecast period, owing to the changing lifestyles and increase in consumer disposable income. Total food sales are forecast to increase at a compound annual average rate of 11.3 per cent over 2017-2021. As Vietnam's real GDP will likely grow by 91.4% during 2019 - 2030, consumer expenditure is predicted to boom. In 2022, expect consumer behaviour across the food and drink landscapes to shift and evolve in response to the following global consumer trends: In Control. Researchers forecast that online sales will make up 15%-20% of overall food & beverage industry sales by 2025. Facts about Prahlad Jani - the longest survive without water and food who has died at age 90 In January 2021, Jollibee Food Corporation has expanded its foodservice business by launching over 100 stores as a part of long-term strategic growth in Vietnam to . 13.4.12 Vietnam Artificial Intelligence (AI) in Food and Beverage Consumption Forecast (2022-2028) 13.5 South America Consumption Analysis 13.5.1 Brazil Artificial Intelligence (AI) in Food and Beverage Consumption Forecast (2022-2028) ET Food Processing's Pan Demetrakakes and Dave Fusaro will look at the trends, twists and turns that will likely shape the food & beverage industry in 2021such as changing consumer behavior, the prospects for an economic recovery, immunity-enhancing ingredients and plant-based products, how cultured meat has . It estimated food and beverages, housing and utilities to grow by 8% next year and 10% in 2023. According to McKinsey, some 82 percent of food orders come from households, with only 16 percent from offices, and that the busiest delivery times are on weekends. While there is considerable evidence of people choosing to avoid animal products as far back as 2,000 years ago, today, 4 billion people live primarily on a plant-based diet. The report firstly introduced the Paper Food and Beverage Packaging basics: definitions, classifications, applications and . For the period from May to October 2020, sales of foods and beverages that help control hypertension grew 11%, weight control products were up 13%, and diabetes care product sales climbed by 14%, according to IRI's innovation report. Consumers have turned to food to help manage and treat conditions. The Swiss-based conglomerate sees 30% of its . The new consumption trends will become a . Nutritional Outlook (2021). 6 Mars, $37 billion; No. The pandemic has only pushed the meat and dairy substitute product . From private label to ready-to-eat, your unique business needs guide our approach to developing and executing impactful enterprise . One-quarter of those aged 18-24 eat meat alternatives. The consumers are also more aware of specific health benefits of particular products, according to a new report by market research firm Nielsen Vietnam. Looking ahead to 2022, our market trend analysis and prediction research are grounded by observations of the key drivers of consumer behaviour and backed by Mintel's robust data sets. One of the benefactors of this Western food growth is the interest of cheese. CBD-infused relaxation drinks. Furthermore by 2021, average household . 1. A 2021 whitepaper by DHL predicts the B2B e-commerce market to reach $20.9 trillion by 2027, outpacing current B2C e-commerce growth. 5.2.1 Global Food and Beverage Vending Machine Sales in Volume by Region: 2017-2022 5.2.2 Global Food and Beverage Vending Machine Sales in Volume Forecast by Region (2023-2028) 5.3 Global Food and Beverage Vending Machine Market Size in Value by Region (2017-2028) 5.3.1 Global Food and Beverage Vending Machine Sales in Value by Region: 2017-2022 To answer all these and give expert perspectives on the local industry's future in the global culinary map, a new Vietnam Food & Beverage Conference will be held in February. Rising global consumption of packaged meat products is . INVESTMENT REPORT VIETNAM'S FOOD & BEVERAGE INDUSTRY - 10 MONTHS OF 2021 19% 81% FDI PROJECTS PER REGION BYF REGISTERED CAPITAL (MILLION USD) North South 11 . The competitive landscape of packaged food in Vietnam is extremely fragmented with a high number of smaller local players present. Micro-entrepreneur homemade F&B concepts are facilitated through delivery platforms such as JustEat, GrubHub, Deliveroo and other players. . Industry analysis. For 2020, THP's culinary team have identified 10 key global trends, many with a focus on sustainability and conscious consumerism. 2022 Flavor Trends for Food and Beverage. June 2022 Food and Beverage Review: Litigation. 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. Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 May 18, 2022 | USD 2,699 . Uncultivated botanicals. World's largest food and beverage companies 1. Vietnam Collagen Supplements Market - Growth, Trends, Covid-19 Impact, and Forecasts (2021 - 2026) $ 3250 April 2021 Vietnam Bottled Water Market, By Product Type, By Packaging Material, By Pack Size, By Origin, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2015 - 2025 $ 3500 December 2020 Food and beverage to Vietnam Trends and opportunities The market. Apr 16, 2021 In 2019, the value of food and beverage consumption in Vietnam reached 693 trillion Vietnamese dong. Vietnam Track & Trace In Food & Beverage Market, 2022 . Retailing shift. At an average growth rate of approximately 7 percent, the food and beverage (F&B) industry is one of the fastest-growing sectors contributing to 15 percent of Vietnam's GDP in 2019. This is currently influenced by increased post-pandemic spending. Notably . PR Newswire.(2021). The community within can add to the . The upward trend in the number of new putative consumer class actions alleging misleading food labeling continued in 2021 . The growth is mainly . With a forecasted annual growth rate of 6% to 2020, the beverage industry in Vietnam is amongst the highest growth fast-moving consumer goods industries. Noom is a lifestyle and wellness program/app designed to help users make healthy changes. No Comments. According to VNDirect Securities, consumer spending with a shift to fresh and packaged foods, Vietnam News Agency reported. Apr 1, 2022. Pinterest Business.(2021). Consumer food trends in Vietnam: Rising incomes offering big opportunities for manufacturers . 1. Beverage consumption is estimated to reach 81.6 billion litres in 2016 with an outlook to reach 109 billion litres in 2020 according to EVBN report. thereby generating a major change in the consumption of food, beverage and fast . Artificial Intelligence (AI) in Food and Beverage Market by Types: Hardware Software Services. Globally, the plant-based meat market will be worth $85 billion by 2030. Figure 41: Europe Track & Trace In Food & Beverage Market, Country Outlook, 2021 & 2030 (In %) Figure 42: United Kingdom Track & Trace In Food & Beverage Market, 2022-2030 (In $ Million) . 2. As a result, in the last few years, numerous foreign businesses have invested significantly in this market, with Korean and Japanese investors leading and seizing . This increasing demand for food will have to be met by a tremendous increase in production and per hector yield.