Vietnam Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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The Vietnamese meat market was valued at $9.1 billion in 2020 and is projected to register a CAGR of more than 4% during the forecast period 2021-2025. Per capita consumption and per capita expenditure of meat were higher in Vietnam than at the global and regional level in 2020. Fresh meat (counter) was the largest category in 2020, followed by chilled raw packaged meat – whole cuts, ambient meat, frozen meat, cooked meats- packaged, cooked meats – counter, chilled raw packaged meat – processed. Food & drinks specialists was the largest distribution channel in the Vietnamese meat sector in 2020, followed by hypermarkets & supermarkets, and convenience stores.
Overview of the meat market in Vietnam
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What are the market dynamics in the meat market in Vietnam?
In 2020, fresh meat (counter) was the leading category in value terms, while the chilled raw packaged meat – processed category is forecasted to register the fastest volume growth during the forecast period. The Fresh meat (Counter) category is expected to gain the most market share in volume terms during 2020-2025. Vietnam has been accounted for a value and volume share of more than 1% and 3%, respectively, in the Asia-Pacific meat sector in 2020. Vietnam ranks fourth in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 10% in 2020.
What are the category classifications in the meat market in Vietnam?
Fresh meat (counter) led the Vietnamese meat sector in terms of per capita consumption in 2020, followed by chilled raw packaged meat – whole cuts and frozen meat respectively. However, per capita consumption of ambient meat, fresh meat (counter), and frozen meat was higher in Vietnam compared to both regional and global levels in the same year. Furthermore, per capita consumption of chilled raw packaged meat – whole cuts, cooked meats – counter and cooked meats – packaged was higher in Vietnam than at the regional level, but lower when compared to the global level in the same year.
Meat market in Vietnam, by category
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Who are the major players in the Vietnam meat market?
In 2020, Danish Crown A/S led the meat market of Vietnam followed by, Charoen pokphand group, Vissan co Ltd., St Helen’s Meat Packers Limited, and Fuji Baking Group. The Danish Crown A/S accounted for a value share of more than 2% in 2020.
Meat market in Vietnam, by key players
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Market report scope
Market size (Year – 2020) | $9.1 billion |
Growth rate | CAGR of >4% from 2021 to 2025 |
The base year for estimation | 2020 |
Forecast Period | 2021-2025 |
Segmentation by category | Fresh Meat (Counter), Chilled Raw Packaged Meat – Whole Cuts, Chilled Raw Packaged Meat – Processed, Ambient meat, Frozen meat, Cooked meats – packaged, and Cooked meats – counter |
Key players | Danish Crown A/S, Charoen pokphand group, Vissan co Ltd., st Helen’s Meat Packers Limited and Fuji Baking Group |
Scope
The report provides an in-depth analysis of the following:
- Per capita consumption of meat was higher in Vietnam than both the global and regional levels in 2020.
- Food & drinks specialists was the largest distribution channel in the Vietnamese meat sector.
- Vietnamese consumers prefer premium products in the meat sector.
- The cooked meats – packaged category is expected to gain the most market share in volume terms during 2020-2025.
- Private labels are growing at a higher CAGR than brands in the Vietnamese meat sector.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
- Analysis of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Charoen Pokphand Group
Vissan Co Ltd
St. Helen's Meat Packers Limited
Fuji Baking Group
HaLong Canned food JSC
,Member`s Mark
ConAgra Brands Inc
San Miguel Corporation
Charoen Pokphand Group
San Ha Ltd
Tuyen Ky Food
C.P Vietnam Corporation
,DeRaza Ibérico s.l.
VIETWAGYU
RICH MOON CO. LTD
SEASPIMEX VIETNAM
San Miguel Corporation
Ba Roi
Table of Contents
Table
Figures
Frequently asked questions
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What is the market size of the Vietnamese meat market in 2020?
The Vietnamese meat market was valued at $9.1 billion in 2020.
-
What is the growth rate of the Vietnamese meat market?
The Vietnamese meat market is projected to register a CAGR of more than 4% during the forecast period 2021-2025.
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What are the key categories in the Vietnamese meat market?
The key categories in the Vietnamese meat market include fresh meat (counter), chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, ambient meat, frozen meat, cooked meats – packaged, and cooked meats – counter.
-
Who are the key players in the Vietnamese meat market?
The key players in the Vietnamese meat market are Danish Crown A/S, Charoen pokphand group, Vissan co Ltd., St Helen’s Meat Packers Limited, and Fuji Baking Group.
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