Product Code: ETC045730 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Savory Snacks Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.78% in 2025, climbs to a high of 15.05% in 2028, and moderates to 14.18% by 2029.
Vietnam's Savory Snacks market is anticipated to experience a high growth rate of 14.71% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The Vietnam Savory Snacks Market has been experiencing strong growth, driven by changing consumer lifestyles, urbanization, and the increasing preference for convenience foods. Savory snacks, including potato chips, extruded snacks, nuts, and popcorn, are gaining popularity among Vietnamese consumers as on-the-go snacks and party essentials. The market is witnessing the entry of various international snack brands, alongside local manufacturers offering a wide range of flavors and packaging options. Moreover, the rise of modern retail channels, such as supermarkets and convenience stores, has expanded the availability and accessibility of savory snacks across the country.
The Vietnam Savory Snacks Market is influenced by several drivers that contribute to the increasing demand for convenience and on-the-go snack options. As Vietnam undergoes urbanization and modernization, busy lifestyles and changing consumer preferences have led to a growing demand for savory snacks as convenient and portable food choices. The rise of modern retail channels, such as supermarkets and convenience stores, has expanded the availability and accessibility of savory snacks across the country. Moreover, the introduction of various flavors and innovative packaging options by both local and international snack brands has appealed to diverse consumer tastes. The popularity of savory snacks as party essentials and social snacks has also boosted their consumption, contributing to the market`s growth.
The Vietnam Savory Snacks Market faces certain challenges that may impact its growth in the country. One key challenge is the increasing health consciousness among consumers, leading to a preference for healthier snacking options. As consumers seek healthier alternatives, snack manufacturers may need to innovate and develop savory snacks with reduced salt, fat, and preservatives to cater to changing preferences. Moreover, the presence of counterfeit or low-quality products in the market can undermine consumer trust in established snack brands. Supply chain disruptions and fluctuations in raw material prices may also pose challenges for manufacturers in maintaining product consistency and pricing stability.
The Vietnam Savory Snacks Market experienced shifts in consumer behavior during the COVID-19 pandemic. With people spending more time at home due to lockdown measures, there was an increase in snacking occasions, leading to a surge in demand for savory snacks. Consumers sought comfort foods and convenient snacks to cope with stress and anxiety during the pandemic. As a result, the market witnessed a rise in sales of chips, nuts, and extruded snacks. However, the market also faced challenges in terms of supply chain disruptions and logistics constraints, impacting product availability and distribution. Moreover, the shift in consumer preferences towards healthier snacking options also influenced product innovation and marketing strategies for savory snack manufacturers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Savory Snacks Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Savory Snacks Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Savory Snacks Market - Industry Life Cycle |
3.4 Vietnam Savory Snacks Market - Porter's Five Forces |
3.5 Vietnam Savory Snacks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Savory Snacks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Vietnam Savory Snacks Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
4 Vietnam Savory Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Savory Snacks Market Trends |
6 Vietnam Savory Snacks Market, By Types |
6.1 Vietnam Savory Snacks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Savory Snacks Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Savory Snacks Market Revenues & Volume, By Potato Chips, 2021-2031F |
6.1.4 Vietnam Savory Snacks Market Revenues & Volume, By Extruded Snacks, 2021-2031F |
6.1.5 Vietnam Savory Snacks Market Revenues & Volume, By Nuts & Seeds, 2021-2031F |
6.1.6 Vietnam Savory Snacks Market Revenues & Volume, By Popcorn, 2021-2031F |
6.1.7 Vietnam Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Savory Snacks Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Savory Snacks Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Vietnam Savory Snacks Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.4 Vietnam Savory Snacks Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.5 Vietnam Savory Snacks Market Revenues & Volume, By Service Station, 2021-2031F |
6.2.6 Vietnam Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Savory Snacks Market, By Flavor |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Savory Snacks Market Revenues & Volume, By Roasted/Toasted, 2021-2031F |
6.3.3 Vietnam Savory Snacks Market Revenues & Volume, By Barbeque, 2021-2031F |
6.3.4 Vietnam Savory Snacks Market Revenues & Volume, By Spice, 2021-2031F |
6.3.5 Vietnam Savory Snacks Market Revenues & Volume, By Beef, 2021-2031F |
6.3.6 Vietnam Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Savory Snacks Market Import-Export Trade Statistics |
7.1 Vietnam Savory Snacks Market Export to Major Countries |
7.2 Vietnam Savory Snacks Market Imports from Major Countries |
8 Vietnam Savory Snacks Market Key Performance Indicators |
9 Vietnam Savory Snacks Market - Opportunity Assessment |
9.1 Vietnam Savory Snacks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Savory Snacks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Vietnam Savory Snacks Market Opportunity Assessment, By Flavor, 2021 & 2031F |
10 Vietnam Savory Snacks Market - Competitive Landscape |
10.1 Vietnam Savory Snacks Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Savory Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |