Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026
The Vietnam foodservice market generated a revenue of $28.4 billion in 2021. The market is projected to grow at a CAGR of more than 19% during the forecast period. The overall value of the foodservice profit sector in Vietnam declined during 2016-2021. While the number of outlets increased in this period, the number of transactions declined. Significant rise in the number of outlets for mobile operators played a key role in the growth of the outlet count. Accommodation, travel, and leisure channels registered significant declines in their values owing to restrictions on international travel. In the coming years, the profit sector value is forecast to grow significantly as the pandemic subsides.
The Vietnam foodservice market research report provides extensive insight and analysis of the Vietnamese Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.
Vietnam foodservice market overview
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What are the key channels in the Vietnam foodservice market?
The key channels in the Vietnam foodservice market are FSR, mobile operator, QSR, pub, club, and bar, workplace, coffee and tea shop, accommodation, travel, ice-cream parlor, retail, and leisure. FSR remained the largest profit sector channel in 2021. Casual dining restaurants make up the majority of sales in this channel. Fine-dining restaurants’ share will grow slightly in 2026. The rise in middle-class population, and consumers’ purchasing power in general, will drive the demand for fine-dining restaurants.
Vietnam foodservice market, by channels
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Which are the key companies in the Vietnam foodservice market?
Some of the key companies in the Vietnam foodservice market are Charoen Pokphand Group, Lotte Group, Yum! Brands Inc., Jollibee Foods Corp, McDonald’s Corporation, Golden Gate, MTY Food Group INC, Redsun ITI, and PIZZA 4PS CORPORATION.
Market report scope
| Market size (Year – 2021) | $28.4 billion |
| Growth rate | CAGR of >19% |
| Forecast period | 2021-2026 |
| Key channels | FSR, Mobile Operator, QSR, Pub, Club, and Bar, Workplace, Coffee and Tea Shop, Accommodation, Travel, Ice-Cream Parlor, Retail, and Leisure |
| Key companies | Charoen Pokphand Group, Lotte Group, Yum! Brands Inc., Jollibee Foods Corp, McDonald’s Corporation, Golden Gate, MTY Food Group INC, Redsun ITI, and PIZZA 4PS CORPORATION |
This report provides:
- Detailed analysis of current macro-economic factors and their impact on Vietnam’s foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
- In-depth data and forecasts of key channels within Vietnam’s foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
- Identification of the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Vietnamese population.
- Overview of market leaders within the four major channels including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions by identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels will allow readers to understand the wants and needs of their target demographics.
Key Players
Table of Contents
Frequently Asked Questions
The foodservice market size in Vietnam was valued at $28.4 billion in 2021.
The foodservice market in Vietnam is projected to grow at a CAGR of more than 19% during the forecast period.
The key channels in the Vietnam foodservice market are FSR, mobile operator, QSR, pub, club, and bar, workplace, coffee and tea shop, accommodation, travel, ice-cream parlor, retail, and leisure.
Some of the key companies in the Vietnam foodservice market are Charoen Pokphand Group, Lotte Group, Yum! Brands Inc., Jollibee Foods Corp, McDonald’s Corporation, Golden Gate, MTY Food Group INC, Redsun ITI, and PIZZA 4PS CORPORATION.
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