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Cooking Ingredients and Meals in Vietnam

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    Report

  • 50 Pages
  • November 2022
  • Region: Vietnam
  • Euromonitor International
  • ID: 5567475
Retail prices are increasing across cooking ingredients and meals in Vietnam - including cooking oil, fish sauce and chill sauce - due to being impacted by the macroeconomic conditions. Factors at play include lingering effects from the era of COVID-19 and the Ukraine-Russia war.

The Cooking Ingredients and Meals 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 2017-2021, 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 2026, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Cooking Ingredients and Meals 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.

Table of Contents

COOKING INGREDIENTS AND MEALS IN VIETNAM
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2022: The big picture
  • Key trends in 2022
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2017-2022
  • Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2017-2022
  • Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2017-2022
  • Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2017-2022
  • Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2018-2022
  • Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2019-2022
  • Table 7 Distribution of Cooking Ingredients and Meals by Format: % Value 2017-2022
  • Table 8 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2022-2027
  • Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2022-2027
  • Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2022-2027
  • Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EDIBLE OILS IN VIETNAMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Retail value soars due to price hikes caused by multiple costs increases and supply disruptions
  • Calofic Corp maintains its top place, thanks to wide portfolio covering all income segments
  • Polarisation seen between premium and better-for-health products, and budget items for price-sensitive consumers
PROSPECTS AND OPPORTUNITIES
  • Balance between supply and demand needed to stabilise prices across the category
  • Soy oil set to maintain popularity thanks to healthy image meeting growing health and wellness trends
  • Supply chains to become even more important, as players are set to win consumers region to region
CATEGORY DATA
  • Table 12 Sales of Edible Oils by Category: Volume 2017-2022
  • Table 13 Sales of Edible Oils by Category: Value 2017-2022
  • Table 14 Sales of Edible Oils by Category: % Volume Growth 2017-2022
  • Table 15 Sales of Edible Oils by Category: % Value Growth 2017-2022
  • Table 16 NBO Company Shares of Edible Oils: % Value 2018-2022
  • Table 17 LBN Brand Shares of Edible Oils: % Value 2019-2022
  • Table 18 Distribution of Edible Oils by Format: % Value 2017-2022
  • Table 19 Forecast Sales of Edible Oils by Category: Volume 2022-2027
  • Table 20 Forecast Sales of Edible Oils by Category: Value 2022-2027
  • Table 21 Forecast Sales of Edible Oils by Category: % Volume Growth 2022-2027
  • Table 22 Forecast Sales of Edible Oils by Category: % Value Growth 2022-2027
MEALS AND SOUPS IN VIETNAMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Price increases negatively impact total consumption, with ready meals and soups seen as non-essential food
  • Packaged soup remains a virtually non-existent category in Vietnam
  • Vissan takes the top place by a small lead, as distribution networks return to normal
PROSPECTS AND OPPORTUNITIES
  • Frozen soup is available but is expected to remain negligible over the forecast period
  • Convenience remains the key factor to potential success in the category
  • Healthier-positioned products more likely to catch consumers’ attention
CATEGORY DATA
  • Table 23 Sales of Meals and Soups by Category: Volume 2017-2022
  • Table 24 Sales of Meals and Soups by Category: Value 2017-2022
  • Table 25 Sales of Meals and Soups by Category: % Volume Growth 2017-2022
  • Table 26 Sales of Meals and Soups by Category: % Value Growth 2017-2022
  • Table 27 Sales of Chilled Ready Meals by Ethnicity: % Value 2017-2022
  • Table 28 Sales of Frozen Ready Meals by Ethnicity: % Value 2017-2022
  • Table 29 NBO Company Shares of Meals and Soups: % Value 2018-2022
  • Table 30 LBN Brand Shares of Meals and Soups: % Value 2019-2022
  • Table 31 Distribution of Meals and Soups by Format: % Value 2017-2022
  • Table 32 Forecast Sales of Meals and Soups by Category: Volume 2022-2027
  • Table 33 Forecast Sales of Meals and Soups by Category: Value 2022-2027
  • Table 34 Forecast Sales of Meals and Soups by Category: % Volume Growth 2022-2027
  • Table 35 Forecast Sales of Meals and Soups by Category: % Value Growth 2022-2027
SWEET SPREADS IN VIETNAMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Local honey manufacturers focus on domestic sales due to export challenges
  • Fragmented landscape attracts smaller players
  • Limited above-the-line marketing activities in sweet spreads due to fragmented landscape
PROSPECTS AND OPPORTUNITIES
  • Westernisation trends set to be the main drivers for sales over the forecast period
  • Creating sweet spreads “occasions” will help to boost sales, with local production set to be boosted in line
  • Distribution remains key to growing sales, with wider penetration expected
CATEGORY DATA
  • Table 36 Sales of Sweet Spreads by Category: Volume 2017-2022
  • Table 37 Sales of Sweet Spreads by Category: Value 2017-2022
  • Table 38 Sales of Sweet Spreads by Category: % Volume Growth 2017-2022
  • Table 39 Sales of Sweet Spreads by Category: % Value Growth 2017-2022
  • Table 40 NBO Company Shares of Sweet Spreads: % Value 2018-2022
  • Table 41 LBN Brand Shares of Sweet Spreads: % Value 2019-2022
  • Table 42 Distribution of Sweet Spreads by Format: % Value 2017-2022
  • Table 43 Forecast Sales of Sweet Spreads by Category: Volume 2022-2027
  • Table 44 Forecast Sales of Sweet Spreads by Category: Value 2022-2027
  • Table 45 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2022-2027
  • Table 46 Forecast Sales of Sweet Spreads by Category: % Value Growth 2022-2027
SAUCES, DIPS AND CONDIMENTS IN VIETNAMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Volume consumption of cooking ingredients remains constant thanks to daily use
  • Recipe sauces rise in popularity, thanks to adding convenience and exotic tastes to home-cooked food
  • Local companies top the list, with Masan in the lead
PROSPECTS AND OPPORTUNITIES
  • Good-for-health positioning will be the key driver for consumers’ choices
  • Diversification in product ranges will be continued on the forecast period
  • Traditional retail outlets will remain the strongest channel in sauces, dips and condiments
CATEGORY DATA
  • Table 47 Sales of Sauces, Dips and Condiments by Category: Volume 2017-2022
  • Table 48 Sales of Sauces, Dips and Condiments by Category: Value 2017-2022
  • Table 49 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2017-2022
  • Table 50 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2017-2022
  • Table 51 Sales of Liquid Recipe Sauces by Type: % Value 2017-2022
  • Table 52 NBO Company Shares of Sauces, Dips and Condiments: % Value 2018-2022
  • Table 53 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2019-2022
  • Table 54 Distribution of Sauces, Dips and Condiments by Format: % Value 2017-2022
  • Table 55 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2022-2027
  • Table 56 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2022-2027
  • Table 57 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2022-2027
  • Table 58 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2022-2027