Inform your marketing, brand, strategy and market development, sales and supply functions. In Vietnam, milk – in various forms – highlights important food and nutrition equity issues. Euromonitor International is the leading provider of strategic market research reports. Then you can access your favorite statistics via the star in the header. Meanwhile 62.5% of Thai respondents spend 101 –400 THB, compared to 70.3% of Indonesian who spend IDR 20,001 –60,000 for single fast food-purchase. Purchasing behaviours 22 5. Are you interested in testing our corporate solutions? Check out https://ExpressVPN.com/thefoodranger for 3 months free w/ 1 year pack and 49% OFF! Do Fast Casual restaurants have a presence in Vietnam? During 2013–2016, 36.6% of adults consumed fast food on a given day. strong surge in food and beverage products consumption. Eating and shopping habits . The country currently has around 750 supermarkets, 130 shopping centers and 9,000 traditional markets according to the Association of Vietnam Retailers (AVR). Chains like McDonald's and Burger King typically come out on top in the $651 billion fast food industry. The numbers are collected at Ac Nielsen´s report on groceries in Vietnam from 2010. Accessed December 22, 2020. https://www.statista.com/statistics/561300/vietnam-average-fast-food-consumption-per-week/, Cint. The pyramid is divided into seven layers according to recommended levels of consumption. A fashion for eating in branded fast food outlets, such as America’s KFC, is helping to drive increased meat consumption in Vietnam, where pork remains king but chicken dominates menus in quick meal chains. Meanwhile 62.5% of Thai respondents spend 101 –400 THB, compared to 70.3% of Indonesian who spend IDR 20,001 –60,000 for single fast food-purchase. The fast food industry thrives in most of the world. Number of McDonald's restaurants in Latin America 2016-2019, by country, Latin America: Big Mac index in Brazil 2020. The chain mainly targets lunchtime office workers by providing individual meal combos, which include a choice of clay-pot rice and a soft drink. Get more information on this report : Request Sample Pages. Please contact us to get started with full access to dossiers, forecasts, studies and international data. ----- Food / Drink-----Fast food eating behavior and popular chains Vietnam is known as the country of good diet. Cereals and tubers are at the bottom, followed by vegetables, fruits, protein-rich foods, fats and oils. The fast food market is losing its market share to fast casual food. Chart. Mc Donald’s officially opened its first shop in Vietnam in 2014. Convenience stores fast food recorded one of the fastest growth rates in foodservice value terms among all the kinds of fast food in 2017. Vietnam - Consumption Activity gains steam in Q3 on stronger demand at home and abroad. Food purchase and consumption patterns are also changing. Multiple answers were possible. Payment preferences 29 6. Fast Food in Vietnam Fast Food in Vietnam Independent Asian fast food has been in Vietnam for a very long time, but operators tend to be - Market research report and industry analysis - 11645755 A new report from Decision Lab outlines five important factors that the food and beverage industry in Vietnam would be wise to take into account when making investment or expansion decisions.. As the population surges and the foodservice sector widens following vast economic growth, innovations in the industry are becoming necessary for restaurants wanting to fully maximize profit margins. And some arrived only a few years ago such as Subway (first appeared in 2010), Dunkin’ Donuts (2013) and McDonald’s (2014). Update, Insights into the world's most important technology markets, Advertising & Media Outlook The pyramid is divided into seven layers according to recommended levels of consumption. 13, Issue. In 2018, there were 7,000 fast food outlets in Vietnam, compared to the 540,000 food and beverage businesses comprised of 430,000 street vendors, 80,000 restaurants and 22,000 cafes and bars, according to Dcorp R- Keeper, a global company which provides technological solutions to food and beverage businesses. For retailers and consumer goods companies, Vietnam is an attractive market: the economy is growing briskly and sustainably, and the population is adding a million people a year. Please authenticate by going to "My account" → "Administration". ", Cint, Vietnam: How often do you eat fast food (any quick service restaurant) in any given week (on average)? (August 28, 2018). We also wanted to find out how people order fast food online. Wi-Fi is free and coffee at the Western cafes is as much as 5 times the price of a street vendor. * Number of responses, corresponds to year 2018. Rising, and already high, rental costs increase prices and limit consumption in urban centers. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. Sugar and salt are at the apex of the pyramid. The Centre for Global Food and Resources e The Vietnam urban food consumption and expenditure study Factsheet 7: Urban Vietnamese consumers’ concerns about diet, nutrition and food safety This factsheet provides an overview of urban Vietnamese consumers’ attitudes related to diet, nutrition and food safety. Register in seconds and access exclusive features. Discover the latest market trends and uncover sources of future market growth for the Fast Food industry in Vietnam with research from Euromonitor's team of in-country analysts. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The population now exceeds 90 million and people are increasingly living in urban areas. OCCASIONS FOR CONSUMING Fast food consumption among young adolescents aged 12–15 years in 54 low- and middle-income countries. (Rama, 2018) Korean and Japanese food is now a popular choice by local people as many of the dishes contain rice and fresh ingredients. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. Statista. Consumer food trends in Vietnam: Rising incomes offering big opportunities for manufacturers . Sugar and salt are at the apex of the pyramid. Profit from additional features by authenticating your Admin account. The percentage of adults who consumed fast food decreased with age: 44.9% aged 20–39, 37.7% aged 40–59, and 24.1% aged 60 and over. Concerning the consumer behavior there are three topics to touch upon regarding the Vietnamese retail market. Files are delivered directly into your account within a few minutes of purchase. COVID-19 impact on packaged food. What are fast food chains doing to attract consumers during non-traditional day-parts? This paper argues that food and styles of eating have become the predominant markers of social change for the Vietnamese in both Vietnam and in the diaspora. Post-purchase loyalty 31 Looking ahead 33 Contact us 35. The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. This indicates that India is sailing in the same boat as US when it comes to fast food consumption. FMCG in Vietnam . Public Health … According to Decision Lab, a Ho Chi Minh City-based market research firm, the out-of-home consumption for food and beverage, are divided into a number of segments, of which full-service restaurants and quick service restaurants lead the group at 36 percent each. Most stalls … Vietnam: How often do you eat fast food (any quick service restaurant) in any given week (on average)? Other studies employed aggregate consumption data across food groups to estimate energy and nutrient consumption from Vietnamese or international food composition tables [3, 22], and treated foods consumed outside the home as a single category. 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Customer Satisfaction Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Messages. As soon as this statistic is updated, you will immediately be notified via e-mail. Vietnam: Revenue in the Food market is projected to reach US$63,380m in 2020. Huynh elaborated on four visible trends in the Vietnamese market: health and wellness, premiumisation, convenience and indulgence. Fast Food Market Growth and Forecast (2020-2025): The global Fast Food Market size was calculated to be USD 647.7 billion in 2020, and it is envisioned to reach USD 931.7 billion by the end of 2025 at a CAGR of 4.6% over the prediction period. New, Figures and insights about the advertising and media world, Industry Outlook Soft drink consumption Fruit consumption Vegetable consumption Fast food consumption Processed meat consumption Grains consumption Depression Anxiety Roots of obesity » Like all chronic diseases, the root causes/drivers of obesity are complex. The UN Children’s Fund says fast food, sugary drinks and lack of interest in exercise have caused the rate of overweight children in Vietnam to increase … 15 On special days and while meeting friends fast food consumption were (33.9%) and (25.7%) respectively. ROAD MAP FOR MARKET ENTRY Entry Strategy ... Vietnam Food Administration (VFA) Ministry of Trade and Industry (MOIT) Fast food consumption … Background. FMCG growth. This feature is limited to our corporate solutions. and over 1 Mio. You need a Single Account for unlimited access. Fast Food Brand Consumption Habit SPENDING AMOUNT FOR EATING • Eating out for fast food, 61.8% of Vietnamese consumers spend 50,000 –110,000 VND for one person per time. But not in Vietnam. CrossRef ; Google Scholar; Umberger, Wendy J Rupa, Jesmin A and Zeng, Di 2020. Vietnam – a country in transition Vietnam is a country in transition. Interested in more insights? And yet the shops do brisk business. 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The percentage of adults who consumed fast food increased with increasing family income. Food consumption habit. The health issue is the biggest restraint in the fast food market growth. As a Premium user you get access to background information and details about the release of this statistic. Statista, https://www.statista.com/statistics/561300/vietnam-average-fast-food-consumption-per-week/ (last visited December 22, 2020). Page 2 of 8 . 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