Vietnam beverage market value increased by about 11.4%/year from 2012 to 2017. Market value in 2017 is estimated at about VND320,000 billion, an increase of 10.6% compared to 2016. This is because of
* Growing young population and rising number of middle income individuals
* Young and fast-pace economy
* Drinking culture
* Hot and humid climate
* Consumption of tourism industry
Market is evaluated to gradually be saturated with the slowing-down pace of growth within main segments. For example, the soft drink market value increased 8.3% in 2017, compared with 22.3% in 2013.
However, as of 2017, a Vietnamese individual consumed about 100 litres of drinks on average each year, which is smaller than that of the world which is estimated at about 130 litres/person. Vietnam is still considered a potential beverage market.
Table of contents
01. Market Overview
02. Value Chain Analysis
03. Key market drivers
04. Competitive Landscape
05. Market Entry Analysis
06. Industry Outlook
07. Top Companies Profile
List of figures
Figure 1. Growth Rate of main drink segments
Figure 2. Mineral water source
Figure 3. Evaluation Score
The report on the chemical industry was prepared by VietnamCredit in 2020 including a description, situation, and key development trends of the industry.