Overall, processed meat, seafood and alternatives to meat in Vietnam is expected to record moderate positive total volume growth in 2024, with increases for both retail and foodservice, although growth rates are expected to see a slight slowdown compared with 2023. This deceleration reflects evolving consumer spending habits, as in 2024 many Vietnamese people have been prioritising value-driven purchasing amidst lingering economic pressures. Foodservice volumes are expected to demonstrate robust...
Euromonitor International's Processed Meat, Seafood and Alternatives to Meat in Vietnam report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2028, clearly indicating how the market is expected to change.
Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market's major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Processed Meat, Seafood and Alternatives To Meat in Vietnam
Euromonitor International
December 2024
List Of Contents And Tables
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN VIETNAM
KEY DATA FINDINGS
2024 DEVELOPMENTS
Moderate growth driven by tofu and frozen processed seafood, while shelf stable meat and seafood stagnate amidst evolving consumer preferences
Processed meat and seafood in Vietnam is expanding through multi-channel distribution
Processed meat continues to be led by established leaders such as Vissan and CP Vietnam, focusing on tradition and sustainability
PROSPECTS AND OPPORTUNITIES
Sustainability trend to become more prominent in processed meat, seafood and alternatives to meat
Competition set to intensify in processed meat, as players diversify their product offerings and expand production capacity
Chilled and frozen products set to see greater popularity in the forecast period, but higher prices pose challenges
CATEGORY DATA
Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2019-2024
Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2019-2024
Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2019-2024
Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2019-2024
Table 5 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 6 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 7 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 8 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2019-2024
Table 9 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2019-2024
Table 10 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2024
Table 11 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2021-2024
Table 12 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2019-2024
Table 13 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2024-2029
Table 14 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2024-2029
STAPLE FOODS IN VIETNAM
EXECUTIVE SUMMARY
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
MARKET DATA
Table 15 Sales of Staple Foods by Category: Volume 2019-2024
Table 16 Sales of Staple Foods by Category: Value 2019-2024
Table 17 Sales of Staple Foods by Category: % Volume Growth 2019-2024
Table 18 Sales of Staple Foods by Category: % Value Growth 2019-2024
Table 19 NBO Company Shares of Staple Foods: % Value 2020-2024
Table 20 LBN Brand Shares of Staple Foods: % Value 2021-2024
Table 21 Penetration of Private Label by Category: % Value 2019-2024
Table 22 Distribution of Staple Foods by Format: % Value 2019-2024
Table 23 Forecast Sales of Staple Foods by Category: Volume 2024-2029
Table 24 Forecast Sales of Staple Foods by Category: Value 2024-2029
Table 25 Forecast Sales of Staple Foods by Category: % Volume Growth 2024-2029
Table 26 Forecast Sales of Staple Foods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
PPI
Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Meat and Meat Products: ISIC 1511 market at a national level. It provides the latest retail sales data, all...
Fish and seafood in Brazil is expected to maintain volume growth across all channels in 2024. Brazil, with its extensive coastline, offers a diverse range of seafood options. However, the consumption of fish in Brazil is influenced by various factors, including income levels, regional disparities, a...
Brazil is a major global player in meat, particularly in beef production, thanks to its vast grasslands, which are ideal for cattle ranching. This contributes significantly to the country's agricultural exports. However, the industry has faced numerous challenges in recent years, including economic ...
Ice cream inches back into small positive volume gains in 2024, despite challenges facing the category. To start, inflationary pressures continue to create price sensitivity in consumers, thus, budget-conscious consumers focus their spending on essentials as opposed to indulgent treats. Added to whi...
Snacks is achieving positive volume and value sales in Vietnam in 2024, thanks to manufacturers making significant efforts to control their prices in the face of increasing production costs. For example, through regular discounts and promotions, alongside the launch of new products to catch consumer...
FrieslandCampina has achieved sustained value growth despite challenging economic conditions in the dairy landscape, showcasing resilience through innovative initiatives across its streamlined business groups. Drinking milk and yoghurt have performed strongly, driven by a surge in general wellness a...
In 2024, processed meat, seafood and meat alternatives recorded positive retail value and volume growth. The processed seafood segment outperformed processed meat, primarily due to its rich nutrient profile, lower levels of saturated fat, and its growing association with weight management. This led ...
Retail demand for processed meat, seafood and alternatives to meat in South Africa remains stable in 2024, driven by shelf stable seafood, with the latter holding the highest volume share overall. In particular, products such as shelf stable pilchards are gaining popularity. These products are gener...
Overall, processed meat, seafood and alternatives to meat in Vietnam is expected to record moderate positive total volume growth in 2024, with increases for both retail and foodservice, although growth rates are expected to see a slight slowdown compared with 2023. This deceleration reflects evolvin...
In 2024, processed fruit and vegetables in Switzerland recorded both positive retail volume and value growth, continuing to benefit from the convenience trend as time-conscious consumers increasingly sought easier cooking options. The category's retail volume growth was positive, albeit modest, as t...