Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups, and Snacks, Ready Meals, Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores, Convenience Stores & Others) and competitive landscape
Product Code: ETC003359 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Vietnam Ready to Eat Food Market is anticipated to register enormous growth in recent years. The primary factors driving the market expansion include busy lifestyles which resulted in the growing demand for convenient and quick meals. Additionally, rapid urbanization is leading to the demand for ready-to-eat food in Vietnam. With rising disposable incomes, consumers in Vietnam are willing to spend more on premium-quality and convenience food products. Thus, driving the growth of ready to eat food market. The growing presence of supermarkets and hypermarkets has made it convenient for consumers to access and purchase ready-to-eat food products with great ease. Apart from this, the changing consumer preferences to shift towards healthy and nutritious ready-to-eat food options has led to an increase in the availability of healthier options in the market.
Moreover, manufacturers of Vietnam ready-to-eat food market are constantly innovating and developing new products to cater to changing consumer preferences. Many companies are expanding their product lines to include a wide range of ready-to-eat meals and beverages. There has been an increasing investment in the Vietnam Ready Eat Food Industry with many companies expanding their operations and production capacities to meet the growing demand for ready-to-eat meals. Further, several companies are forming partnerships and collaborations with other players in the industry to offer more diverse product lines.
Vietnam Ready to Eat Food market is anticipated to witness growth in the coming years on the back of the rising willingness of consumers to pay more for health and nutrition along with changing meal patterns and rising concerns regarding fitness which is driving potential demand for breakfast cereals. The rising health consciousness amongst the Vietnamese is anticipated to pervade vast opportunities for the growth of demand projections across various food segments such as roasted nuts, ready-to-eat cereals, ready-to-eat meat products, and ready-to-eat fruits and vegetables.
According to 6Wresearch, Vietnam Ready to Eat Food Market is anticipated to witness growth during the forecast period 2020-2026F. Increasing advantages associated with the consumption of ready-to-eat meals such as time-saving are adding to the growth of the market. Moreover, the rising working population especially women is adding to the development of the market. Moreover, the increasing development of innovative products along with rising urbanization is driving the Vietnam Ready to Eat food market share.
The spread of COVID-19 is anticipated to spur the sales of Ready Eat Food across Vietnam owing to the rising involvement of the natives towards procurement of dry food on the back of hygiene concerns. However, a spur in the rapid demand for packed foods as compared to short supply owing to the complete lockdown and suspension of production activities is anticipated to hinder the growth of the Vietnam Ready Eat Food market during the year 2020. However, since the COVID spread would take time to slow down, increased hygiene concerns in the latter part of 2020 and the beginning of 2021 would offer lucrative growth opportunities to the Vietnam Ready Eat Food market in the coming years.
On the basis of product segmentation, instant soups and snacks are expected to register high demand projections in the coming years owing to rising disposable incomes of the consumers which are instigating demand for premium ready-to-eat foodstuffs and would assist Vietnam's ready-to-eat food market to gain traction in the coming years.
The Vietnam Ready to Eat Food Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Vietnam Ready to Eat Food Market Overview |
3.1. Vietnam Ready to Eat Food Market Revenues, 2016-2026F |
3.2. Vietnam Ready to Eat Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.3. Vietnam Ready to Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.4. Vietnam Ready to Eat Food Market Revenue Share, By Countries, 2019 & 2026F |
3.5. Vietnam Ready to Eat Food Market Industry Life Cycle |
3.6. Vietnam Ready to Eat Food Market- Porter’s Five Forces |
4. Vietnam Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Vietnam Ready to Eat Food Market Trends |
6. Vietnam Ready to Eat Food Market Overview, By Product Types |
6.1. Vietnam Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2016-2026F |
6.2. Vietnam Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2016-2026F |
6.3. Vietnam Ready to Eat Food Market Revenues, By Ready Meals, 2016-2026F |
6.4. Vietnam Ready to Eat Food Market Revenues, By Baked Goods, 2016-2026F |
6.5. Vietnam Ready to Eat Food Market Revenues, By Others, 2016-2026F |
6.6. Vietnam Ready to Eat Food Market Revenues, By Meat Products, 2016-2026F |
7. Vietnam Ready to Eat Food Market Overview, By Distribution Channels |
7.1. Vietnam Ready to Eat Food Market Revenues, By Online Retailers, 2016-2026F |
7.2. Vietnam Ready to Eat Food Market Revenues, By Convinieince Stores, 2016-2026F |
7.3. Vietnam Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F |
7.4. Vietnam Ready to Eat Food Market Revenues, By Others, 2016-2026F |
8. Vietnam Ready to Eat Food Market Overview, By Region |
8.1. Vietnam Ready to Eat Food Market Revenues, By Region, 2016-2026F |
8.2. Vietnam Ready to Eat Food Market Volume, By Region, 2016-2026F |
9. Vietnam Ready to Eat Food Market Key Performance Indicators |
10. Vietnam Ready to Eat Food Market Opportunity Assessment |
10.1. Vietnam Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2025F |
10.2. Vietnam Ready to Eat Food Market, Opportunity Assessment, By Region, 2025F |
11. Vietnam Ready to Eat Food Market Competitive Landscape |
11.1. Vietnam Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. Vietnam Ready to Eat Food Market Revenue Share, By Company, 2019 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |