Vietnam’s Food and Beverage (F&B) industry is undergoing a phenomenal transformation, driven by an expanding middle class and dynamic consumer shifts. If you are an investor, business leader, or market strategist, understanding this landscape is not just an advantage; it’s a necessity. Source of Asia (SOA) has compiled a definitive Vietnam F&B Industry Sectorial Note packed with forecasts and trends to give you a competitive edge.
Download your free, comprehensive analysis today!
Why This Report Is Indispensable for Your Business
The F&B sector makes up the largest share of Vietnamese consumption, accounting for a massive 35% of monthly spending and 15% of the nation’s GDP. This report cuts through the noise to deliver the key insights you need, including:
- Market scale & forecasts
See the hard numbers behind the market’s explosive growth. Learn how the F&B Industry is expected to reach a staggering $40 billion by 2026.
- Consumer dynamics
Deep-dive into the spending habits of the dynamic Vietnamese consumer, including the fact that 70% of the population is under 35, and the rapidly growing Gen Z demographic spends an estimated $40 per month on food and drinks outside of home.
- Export and import trends
Analyze the sharp increase in Vietnam’s F&B exports, which reached $11 billion in 2022, and understand the value of key imports like tree nuts and dairy products.
Key Data Highlights You Will Find Inside
- Revenue milestones. Vietnam F&B Industry’s revenue scale was estimated at US$ 30.71 billion in 2023 and is projected to hit US$ 36.95 billion in 2025.
- The middle-class surge. Discover the immense potential of the middle-class segment, with 36 million people expected to enter this class in the next decade.
- Dining trends. Compare the market size of Eating Out versus Food Delivery, where delivery revenues grew to US$ 3 billion in 2022.
- Consumption breakdown. Understand where consumers are directing their spending: 30% on fresh food and 14% on packaged food.
Navigating Vietnam F&B Landscape: Opportunities & Challenges
The Vietnam F&B market is hailed as one of the most attractive markets globally and is expected to be among the TOP 3 nations in Asia for F&B development. Our report not only highlights the massive opportunities, such as the growth of convenience stores and digitalization of retail, but also addresses the structural challenges facing over 85% of enterprises, including difficulties in:
- Inventory management.
- Distribution and human resource management.
- Production structure.
Click below to discover all you need to know about the Food and Beverage industry!
F&B Industry Sectorial Note
Why Source of Asia (SOA)? Your Trusted Partner for Market Entry and Growth
At Source of Asia, we don’t just provide data, we provide solutions. Our Sectorial Note is the first step in a strategic partnership designed to help your business thrive in Southeast Asia.
- We translate complex market data into actionable strategies, informed by our deep experience across various sectors.
- Our insights are trusted by businesses looking to successfully penetrate and expand within this vibrant market.
Beyond the report: unlock full-service solutions
The F&B Sectorial Note is a gateway to a complete suite of services designed to address the challenges outlined in the report and maximize your opportunities in Vietnam:
- Sourcing & supply chain: Overcome the distribution and inventory management hurdles that plague most businesses.
- Market expansion: Leverage our expertise to execute your go-to-market strategy and achieve your growth targets.
- Corporate services & M&A: Navigate the regulatory landscape, ensure a robust production structure, and explore strategic acquisitions for rapid market entry.
Don’t Miss Out on Vietnam’s F&B Boom
The window of opportunity in Vietnam’s rapidly evolving F&B market is wide open. Equipped with this exclusive Sectorial Note, you will be prepared to make informed, strategic decisions.
Download your copy now and take the first critical step toward securing your success in a market projected to grow with a Compound Annual Growth Rate (CAGR) of 4.98% from 2021 to 2025.
