Visionary Assessment of the ASEAN Food and Beverage Sector

Visionary Assessment of the ASEAN Food and Beverage Sector

  • June 2016 •
  • 71 pages •
  • Report ID: 4109111 •
  • Format: PDF
An Insight into the Dynamics and Impact of the ASEAN Economic Community on the Region's Food Market

The six major economies of the Association of Southeast Asian Nations (ASEAN) account for 96% of the ASEAN food and beverage (F&B) market. The ASEAN-6—which includes Singapore, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines—is a key growth area in the greater Asia-Pacific region. This market insight examines the major trends in the ASEAN-6 food and beverage market, particularly how the market is shaped by economic influences and Mega Trends which will define the profitability and sustainability of this industry moving forward. The Mega Trends of particular importance in the region include globalization, urbanization, Gen-Y, health and wellness, and sustainability.

Definitions
Ease of Doing Business: Encompasses factors such as ease of starting business, registering property and contract enforcement; Rank 1 indicates the country with the highest ease of doing business
Corruption Perception Index: Higher score implies more corruption
Free trade agreements (FTAs) with New Zealand: Ease of trade, liberalisation of conditions of investment, foundation for further bilateral or multilateral cooperation
Economic Freedom Index: Incorporates government spending, regulatory freedom for businesses, property rights; higher score corresponds to greater freedom
Rule of Law: Captures quality of contract enforcement, property rights, law enforcement, judicial systems, and likelihood of crime and violence; lower score reflects stronger rule of law
Food Regulation: Rules enforced by a country to ensure food safety and security