Insight
Asia
ASEAN
Update
Source:
Vietnam’s F&B sector –
potent performance and potential
‘
V
ietnam’s food and drink industry remains one of the most
attractive globally, according to BMI Research. Steadily rising
household incomes, subdued inflation, favourable and rapidly
developing mass grocery retail sector offer multiple opportunities
across the industry. Almost half of the Vietnamese population is
estimated to be younger than 30, and the maturation of this
demographic group means that there are dynamic opportunities
in the mass market. Moreover, this demographic group is generally
more receptive to Western tastes and innovative products.
Double-digit growth is expected
to be maintained from 2017
to 2021, averaging 11.3% per
annum . Growth is predicted
to be well-distributed across
multiple categories, but fish
and fish products are expected
to outperform, registering a
five-year CAGR of 12.1%
Double-digit growth is expected to be maintained from 2017 to
2021, averaging 11.3% per annum. Growth is predicted to be well-
distributed across multiple categories, but fish and fish products
are expected to outperform, registering a five-year CAGR of 12.1%
,
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