LONDON--(BUSINESS WIRE)--Accelerating inflation and the overall sluggishness of economic development contributed to a decrease of consumer confidence in Vietnam during 2008-2012. This resulted in consumers reprioritising their spend budget, cutting back on certain expenditures, such as impulse and indulgence products, and focusing on buying the necessities. Declining consumer demand and more players making forays into the market have led to the intensification of competition, which in turn forced companies to seek innovative solutions to maintain and grow sales.
Some of the most remarkable players in the Vietnamese packaged food industry include, among others, Bien Hoa Confectionery Corp (Bibica), Cau Tre Export Goods Processing JSC, Dong Tam Nutrition Food JSC, Kinh Do Corp, Masan Food Corp, Thuan Phat Food Processing & Trading Co, Thuan Phat Food Processing & Trading Co, Tuong An Vegetable Oil JSC, and Vietnam Dairy Products JSC, Vissan Co Ltd.
New research report “Packaged Food in Vietnam” developed by Euromonitor International offers a detailed examination of Vietnam’s packaged food market, limelighting buzz topics, product categories and trends, hot industry issues and white spaces. The latest retail sales data (2008-2012) along with an in-depth distribution analysis enable to identify the sectors driving growth. The study also provides an in-depth understanding of the competitive landscape, identifies the top companies and leading brands, as well as offers strategic analysis of key factors influencing the sector. Furthermore, the research is supplemented with extensive forecasts illustrating how the Vietnamese packaged food market is set to develop further and criteria for success.
Products discussed include: baby food, bakery, canned/preserved food, chilled processed food, confectionery, dairy, dried processed food, frozen processed food, ice cream, impulse and indulgence products, meal replacement, meal solutions, noodles, nutrition/staples, oils and fats, pasta, ready meals, sauces, dressings and condiments, snack bars, soup, spreads, sweet and savoury snacks.
Report Details:
Title: Packaged Food in Vietnam
Published: March, 2013
Pages:
274
Price: US$ 6,500.00
http://marketpublishers.com/report/other_food_products/packaged-food-in-vietnam.html
Reports on Other Countries Packaged Food Markets by Euromonitor International Include:
More new reports by Euromonitor International can be found at http://marketpublishers.com/members/euromonitor/info.html