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. The Vietnam urban food consumption and expenditure study Factsheet 1: Introduction – What are we doing and why are we doing it? Files are delivered directly into your account within a few minutes of purchase. Register in seconds and access exclusive features. Lotteria and KFC, despite maintaining their leading positions in 2017, only recorded very low value sales growth. Chains like McDonald's and Burger King typically come out on top in the $651 billion fast food industry. Payment preferences 29 6. What are fast food chains doing to attract consumers during non-traditional day-parts? 1. If you're in the Fast Food industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions. Food consumption habit. Consumer sentiment 09 2. Numbers for 2017 were taken from previous data sets. Fast Food Chains In Vietnam. The Vietnam urban food consumption & expenditure study Posted on Jan 1 2014 by a1212936. Vietnam – a country in transition Vietnam is a country in transition. Do Fast Casual restaurants have a presence in Vietnam? The health issue is the biggest restraint in the fast food market growth. ROAD MAP FOR MARKET ENTRY Entry Strategy ... Vietnam Food Administration (VFA) Ministry of Trade and Industry (MOIT) Wi-Fi is free and coffee at the Western cafes is as much as 5 times the price of a street vendor. 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 … China, Japan and India together accounted for 83% of total fast food value sales in the region in 2016. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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 On our authentic food quest through Southeast Asia, we were eager to discover the food in Vietnam as everyone we spoke on our food quest had only one word: “wait until you get to Vietnam!”. Figure 47 Vietnam's Domestic Cotton Consumption ..... 154. 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 country currently has around 750 supermarkets, 130 shopping centers and 9,000 traditional markets according to the Association of Vietnam Retailers (AVR). Concerning the consumer behavior there are three topics to touch upon regarding the Vietnamese retail market. Consumer awareness 13 3. Nov. 12 - Despite the global crisis, Vietnam remains a profitable investment for Western fast-food chains. A higher percentage of non-Hispanic black adults consumed fast food than non-Hispanic white, non-Hispanic Asian, and Hispanic adults. Please authenticate by going to "My account" → "Administration". New, Everything you need to know about the industry development, Find studies from all around the internet. 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. The chain mainly targets lunchtime office workers by providing individual meal combos, which include a choice of clay-pot rice and a soft drink. and over 1 Mio. Chained Asian fast food players, through brands such as Pepper Lunch and Com Tho Chay, combine the convenience factor of fast food with a more premium and comfortable environment, attracting office workers and families. Food guide. What is the market size of Fast Food in Vietnam? And to say the least, Vietnam didn’t disappoint us. The trend of eating in branded fast-food restaurant in modern life today is leading to make increase the consumption level of meat in Vietnam for whole, where pork is dominated by almost chicken and beef in diverse menus in these food chains, (Clark 2012). Convenience stores fast food recorded one of the fastest growth rates in foodservice value terms among all the kinds of fast food in 2017. This statistic is not included in your account. Com Tho Chay, a brand from Mon Hue Restaurant Co Ltd, recorded the most outstanding performance in fast food in 2017. The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. Kantar Worldpanel Vietnam reported a steady growth of FMCG (Fast Moving Consumer Goods) market during the latest quarter up to March 24th 2013 compared to the same period last year. Most stalls … Background. Fi Vietnam 2018. Fast food consumption among young adolescents aged 12–15 years in 54 low- and middle-income countries. Please create an employee account to be able to mark statistics as favorites. Cereals and tubers are at the bottom, followed by vegetables, fruits, protein-rich foods, fats and oils. Purchase the Fast Food in Vietnam country report as part of our fast food market research for April 2018. Eating and shopping habits . This rise in concerns has led people to switch from fast food to fast casual food. 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Independent Asian fast food has been in Vietnam for a very long time, but operators tend to be low-end and focus on budget consumers. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Food purchase and consumption patterns are also changing. GDP growth was 6.2 percent in 2016 and grew to a ten-year record level of 7.1 percent in 2018. The Vietnamese liking for fast food is becoming stronger. VAT No. And some arrived only a few years ago such as Subway (first appeared in 2010), Dunkin’ Donuts (2013) and McDonald’s (2014). You need a Single Account for unlimited access. Euromonitor International is the leading provider of strategic market research reports. Most chains are, for the moment, coming from the US. 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. 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. This … Learn more about how Statista can support your business. 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. 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 Probably they do, if not they would not survive. The Fast Food in Vietnam market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Consumer Foodservice market research database. This indicates that India is sailing in the same boat as US when it comes to fast food consumption. Independent Asian fast food has been in Vietnam for a very long time, but operators tend to be low-end and focus on budget consumers. 1, p. 1795438. But not in Vietnam. ----- Food / Drink-----Fast food eating behavior and popular chains Vietnam is known as the country of good diet. You can only download this statistic as a Premium user. Accessed December 22, 2020. https://www.statista.com/statistics/561300/vietnam-average-fast-food-consumption-per-week/, Cint. Moreover, the ongoing expansion of the mass grocery retail industry in both main cities and smaller towns is bolstering food consumption as consumers can obtain products at competitive prices. CrossRef ; Google Scholar; Umberger, Wendy J Rupa, Jesmin A and Zeng, Di 2020. Food guide. Researches claimed that consumption of fast food causes overweight, obesity, and other medical issues. 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. Please do not hesitate to contact me. Driven by the growth in living standards, disposable income, foreign investment, and economy, Vietnam’s fast-moving consumer goods (FMCG) market is projected to grow by five to six percent in 2018, with rural areas growing faster than cities. 4. 03 Foreword After three decades of economic reform, Vietnam has transformed into one of the most dynamic emerging markets in the Southeast Asia region. It’s absolutely delicious. There is a significant volume growth from -1,6% in 2014 to … Sugar and salt are at the apex of the pyramid. Fast moving consumer goods industry has promised a robust development. Cereals and tubers are at the bottom, followed by vegetables, fruits, protein-rich foods, fats and oils. A paid subscription is required for full access. August 28, 2018. Positive demographic dynamics and increasing incomewill als… Purchasing behaviours 22 5. Vietnam is a country in transition. Fast food burger chains thrive in markets in most of the world. OCCASIONS FOR CONSUMING To be honest, back home, we are huge fans of Vietnamese cuisine. Reduce fast food consumption – 42%; Decrease the use of packaged food – 38%; Increase the use of organic food +35%; Cut down on eating sweets – 34%; Increase the selection of low-fat/ low sugar foods + 20% Revenue of the cosmetic industry in the U.S. Value of the leading 10 textile exporters worldwide, Vegetable oils: global consumption by oil type 2013/14 to 2019/2020, Cocoa bean production worldwide 2018/19 & 2019/20, by country, World coffee per capita consumption: major consumer countries, Cosmetics Industry in the U.S. - Statistics & Facts, Profit from additional features with an Employee Account. 8 | P a g e. T a s t e s o f E u r o p e V i e t n a m –M a r k e t E n t r y H a n d b o o k ... For those wishing to learn more about the Vietnamese food and beverage market in general Section 2 provides an overview of the business climate. ----- Food / Drink-----Popular fast food chains in Vietnam Fast food is largely enjoyed by people around the world. As per statistics, there is an increase in food consumption annually in Vietnam, said Deputy Minister of Industry and Trade Ho Thi Kim Thoa at a conference in HCMC on food processing industry held in Ho Chi Minh City on November 16. We also wanted to find out how people order fast food online. Separately, we've.. Customer Satisfaction ", Cint, Vietnam: How often do you eat fast food (any quick service restaurant) in any given week (on average)? In Vietnam, milk – in various forms – highlights important food and nutrition equity issues. This survey is conducted to find out which fast food chains are popular in Vietnam in terms of recognition and usage. Since 2000, fast food chains have tried to conquer the Vietnamese market and most are doing fairly well. The country is one of its 65 franchise markets in the world. Furthermore, an average population growth of 1% per year means nearly 1 million new potential customers are born every year, making the country extremely attractive to food retailers. This positive result was The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. The trend is expected to carry on over the forecast period. Number of McDonald's restaurants in Latin America 2016-2019, by country, Latin America: Big Mac index in Brazil 2020. Brand diagnosis: Vietnam fast food stores 2. Vietnam: How often do you eat fast food (any quick service restaurant) in any given week (on average)? Vietnam is one of the most attractive markets in South East Asia forconsumer-oriented organisations due to its sustainable economic growth andlow inflation levels, which will strongly benefit consumers' spending power overthe next five years. According to another report, Indian fast food market is expected to grow at a compound annual growth rate (CAGR) of 18 per cent by 2020 due to changing consumer behaviour and demography. Many international fast food brands declined in 2017, including Burger King, Popeyes Chicken & Biscuits, Subway, Carl’s Junior. By Lester Wan 26-Jun-2018 - Last updated on 26-Jun-2018 at 02:30 GMT . GDP growth accelerated to 2.6% year-on-year in the third quarter, from 0.4% in the second quarter, thanks to the successful containment of the virus domestically and stronger demand abroad. Post: Hanoi Required Report - public distribution 3/7/2017 VM6081 Vietnam … Consumers have an affinity for Asian food, which is perceived as healthy and tasty. You need at least a Single Account to use this feature. 3. Q&Me is online market research provided by Asia Plus Inc. Asia Plus Inc. Vietnam has furthered its global … FOOD RANGER MERCH NOW AVAILABLE! © 2020 Euromonitor is privately owned & trademarked. 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. Select here to view 'other' root causes/drivers. 3. Profit from additional features by authenticating your Admin account. Regarding the selection of foods, all Vietnamese people follow the same trend, that is. The ideal entry-level account for individual users. 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. Chained Asian fast food players, through brands such as Pepper Lunch and Com Tho Chay, combine the convenience factor of fast food with a more premium and comfortable environment, attracting office workers and families. 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