what is the size of the food industry?

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If you talk about food industry of Vietnam, food Processing is one among the main industries in Vietnam which is seen as having great potential. This industry is essentially export-oriented, dominated primarily by seafood and agriculture food products. From very log time this industry has contributed significantly to maximize in export revenue, nurture business interface and enhance diplomatic relationships between Vietnam and other countries.

The size of Food industry is anticipated to succeed in USD 65.03 billion by 2024 growing at a CAGR of 13.05% during the forecast period (2019 - 2024). An Entire analysis of the ‘Vietnam Food Service Market’ supported definition, product specifications, market gains, key geographic regions and imminent Vietnam Food industry peers which will drive key business decisions till 2023.



•        Strong economic improvement, rapid urbanization, and constant rise in disposable incomes are the key factors that are expected to contribute to the event of the foodservice market in Vietnam. The country’s young generation is shifting toward modern lifestyle, and includes a preference for socializing in places, like foodservice establishments.

•        Expansions of market in retail sectorize. supermarkets, hypermarkets, restaurant chains, coffee shops, and bakeries have led to the increasing popularity of the aforementioned establishments among the country’s youth. Branded cafés and fast food chains had strong growth over the past few years. Meanwhile, the count of full service restaurants has gone up considerably, with their diversified product portfolios, starting from African to Western dishes. New entrants, like Tokyo Deli (Japanese), Gogi (Korean-themed), and MK (Thai), are likely to accentuate the competitive scenario within the Vietnamese foodservice market.



Key Manufacturers Covered in this Report:

•        Jollibee Food Corp.
•        Yum! Brands
•        Dunkin Brands
•        Vietnam Lotteria Company Ltd
•        Huy Vietnam
•        Starbucks Corporation
•        AFG Vietnam
•        Golden Gate JSC

Similarly, this report also focuses on global manufacturers of Vietnam Food Service market and providing important information like company profiles, product photograph along with its complete details including capacity, production, market price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is additionally administered. the worldwide Vietnam Food Service market development trends and marketing channels are analysed. Finally, the feasibility of latest investment projects are assessed and overall research conclusions offered.


Location: FIEE Complex, Ma Anandmayee Marg, Block A, Okhla Phase II, Okhla Industrial Area, New Delhi, Delhi 110020, India

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