Processed Food Market in Vietnam

Publication Date	June 2009
Publisher	RNCOS
Product Type	Report
Pages	45
ISBN Number	not applicable
Product Code	RCS00623

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Summary

With increasing urbanization and growing demand for quality food, the food processing industry is growing at rapid pace throughout the world. Vietnam is becoming a hub for food products processing as the industry has been growing at an annual rate of 20-30%. Changing consumption habits are making the processed food a big piece of cake for everyone in the country. Vietnamese now use more processed or preliminarily treated food to make meals, which is seen as a big opportunity for food processors, says a new research report Processed Food Market in Vietnam, by RNCOS, a leading market research firm.

We have found that the food processing industry in Vietnam is highly fragmented but it will consolidate, with further opening of the market, and will provide more growth opportunities to foreign companies. The availability of processed and packaged foods will improve as modern food-retailing businesses expand their operations to meet rising demand from more affluent consumers. In order to exploit the opportunities, many processed food producers have already started focusing on making processed food for domestic sales instead of making food for export as previously. Meanwhile, distributors are now racing to conquer the market.

Our findings also reveal that despite the fast growing domestic demand, the processed food industry in the country is still largely export-oriented and primarily dominated by seafood and agriculture food products. Seafood export is mainly dominated by shrimps but overseas demand for Tuna and Tra fish has also soared significantly in recent years. In future, we expect that Tuna and Tra fish together will account for majority of the seafood exports. In the agriculture segment, rice and coffee constitute the majority of exports.

Our report answers all the critical questions such as who are the key players, what are the opportunity area and the barriers before the industry. In addition, the research provides information of the future industry trends on the basis of past market growth, present trends and possible impact of recession on the economy.

We have done forecast analysis on following processed food products:

Sea Food
Shrimp
Tuna
Tra Fish
Fruit & Vegetable
Rice
Tea
Coffee
Meat
Milk

Key Players Discussed in the Report

This section provides business overview of key players in the processed food market of Vietnam, like Cafatex Corporation, Le Anh Seafoods, VISSAN and Vietnam Dairy Products JSC.

Content

1. Analyst View
2. Macroeconomic Overview
3. Food Processing Industry
4. Market Performance and Future Outlook
- 4.1 Sea Food Products
  - 4.1.1 Shrimp
  - 4.1.2 Tuna
  - 4.1.3 Tra Fish
- 4.2 Agriculture Food Products
  - 4.2.1 Fruit and Vegetable
  - 4.2.2 Rice
  - 4.2.3 Tea
  - 4.2.4 Coffee
- 4.3 Other Food Products
  - 4.3.1 Meat
  - 4.3.2 Milk
5. Latest Industry Trends
- 5.1 Organic Shrimp Farming
- 5.2 Higher Demand for Leg Shrimps
- 5.3 Sea Grapes - An Emerging Concept
- 5.4 Australia - A Promising Seafood Market
- 5.5 Russia Reopens Door for Vietnamese Seafood
- 5.6 New Coffee Trading Floors to Set-up
6. Key Players
- 6.1 Cafatex Corporation
- 6.2 LE ANH Seafoods
- 6.3 VISSAN
- 6.4 Vietnam Dairy Products JSC
List of Figures:
- Figure 2-1: Real GDP Growth Rate (%), 2008-2013
- Figure 2-2: Consumer Price Inflation (%), 2008-2013
- Figure 2-3: Per Head Disposable Income (US$), 2008-2013
- Figure 3-1: Agro-Fishery Products Export (Billion US$), 2007 & 2008
- Figure 3-2: Agro-Fishery Products Export (%), 2008
- Figure 4-1: Sea Food Output (Million Tonnes), 2007 & 2008
- Figure 4-2: Share of Aquaculture and Catching in Seafood Output (2008)
- Figure 4-3: Sea Food Export (Million US$), 2005-2008
- Figure 4-4: Seafood Export by Destination (%), 2008
- Figure 4-5: Forecast for Seafood Export (Billion US$), 2009-2013
- Figure 4-6: Shrimp Export (Million US$), 2007 & 2008
- Figure 4-7: Shrimp Export by Destination (%), 2008
- Figure 4-8: Forecast for Shrimp Export (Million US$), 2009-2013
- Figure 4-9: Tuna Export (Million US$), 2007 & 2008
- Figure 4-10: Tuna Export by Destination (%), 2008
- Figure 4-11: Forecast for Tuna Export (Million US$), 2009-2013
- Figure 4-12: Tra Fish Export (Million US$), 2007 & 2008
- Figure 4-13: Forecast for Tra Fish Export (Million US$), 2009-2013
- Figure 4-14: Fruit and Vegetable Export (Million US$), 2007 & 2008
- Figure 4-15: Fruit and Vegetable Export by Destination (%), 2007
- Figure 4-16: Forecast for Fruit and Vegetable Export (Million US$), 2010 & 2020
- Figure 4-17: Vegetable Oil Consumption (Kg/Head), 2003 & 2008
- Figure 4-18: Rice Production (Million Tons), 2008, 2010 & 2020
- Figure 4-19: Rice Export (Million Tonnes), 2007 & 2008
- Figure 4-20: Rice Export (Million US$), 2007 & 2008
- Figure 4-21: Rice Export by Destination (%), 2008
- Figure 4-22: Forecast for Rice Export (Million Tons), 2010, 2015 & 2020
- Figure 4-23: Rice Consumption and Export (%), 2007, 2010 & 2020
- Figure 4-24: Tea Export (Million US$), 2007 & 2008
- Figure 4-25: Forecast for Tea Export (Million US$), 2009 & 2010
- Figure 4-26: Coffee Export (Billion US$), 2006-2008
- Figure 4-27: Forecast for Coffee Export (Billion US$), 2009 & 2010
- Figure 4-28: Meat Consumption (Kg/Head), 2002-2008
- Figure 4-29: Meat Consumption by Type (%)
- Figure 4-30: Forecast for Meat Consumption (Kg/Head), 2009-2013
- Figure 4-31: Milk Consumption (Liter/Head), 2002-2008
- Figure 4-32: Forecast for Milk Consumption (Liter/Head), 2009-2013