and over 1 Mio. Vietnam Coffee Market - Growth, Trends and Forecasts (2020 - 2025), Phuc Long Trading Production Company Limited. | Source: Statista, based on WHO, Per-capita consumption of alcohol (all types) in litres of pure alcohol in the selected region | Source: Statista, based on WHO, Share of men in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Share of women in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Number of years a newborn in the selected region can expect to live if prevailing patterns of mortality were to stay the same throughout its life. Soluble coffee is enjoying light growth because of the increasing number of western expatriates living in the big cities in Vietnam. From a global perspective, it also represents overall industry size by analyzing qualitative insights and historical data. Vietnamese coffee market needs more value-added coffee products to expand. Vincafe holds 40% of the market share which is equal to the combined market share of Trung Nguyen and Nescafe. in percent. A substantial demand for the cheap Vietnam coffee has been witnessed in the emerging markets of Asia where the consumer is shifting from the traditional beverage, tea. The indicator is valued at the current exchange rate of the respective year versus the US$. The data is based on Statista's Global Consumer Survey. from Asia (Vietnam and Indonesia) and Africa (Ethiopia, Tanzania and Uganda).9,11 The market advisory firm Mordor Intelligence predicts that the global market (retail) value of the coffee sector will experience a 5.5 per cent compound annual growth rate (CAGR) from 2018 to 2023, yet this positive outlook Gaps filled with next higher COICOP position. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for communication (U.S.=100). The NVA framework was incorporated into the national agriculture strategy in November 2011 by the Vietnam government. The average volume per person in the Coffee segment is expected to amount to 1.3 kg in 2020. The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region) in million US dollars for each year. Included are both consumption of goods as well as services (cleaning and cobblers). The ""Price per Unit"" box shows the average retail value per unit in the selected market (market segment, region) in US dollars for each year. Values shown are only based on survey respondents who answered the question regarding their income. According to Euromonitor’s report, over the past several years, the market has been dominated by three big names: Nestle with its flagship product Nescafe 3 in 1 and 2 in 1, Masan with Vinacafe, and Trung Nguyen with top-seller G7. 74.8% of domestic coffee consumption is roast and ground coffee products, and 10.2% are instant coffee products. | Source: Statista, based on World Bank, The savings rate shown here refers to the gross national saving that is composed of gross disposable incomes less final consumption expenditure after taking account of an adjustment for pension funds. Increased demand for consumer products and foodservice industry from local and international players is another factor that is expected to fuel the market’s growth. Discover other market segments and categories related to your topic. The indicator is valued at the current exchange rate of the respective year versus the US$. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for furnishings, household equipment and routine maintenance of the house. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. | Source: Statista, based on IMF WEOD, The indicator shows the total number of private households in the selected region. Reading Support Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . Reading Support Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. It covers all private household spendings meant for consumption at home. March robusta coffee settled up $6, or 0.44%, at $1,378 per metric ton on Wednesday. The indicator is valued at the current exchange rate of the respective year versus the US$. Vietnam is one of the world’s fastest growing coffee markets, trailing only behind Indonesia, Turkey and India. At home consumption on the other hand covers sales via retail stores (e.g. While Roast Coffee, or fresh coffee is especially popular in traditionally coffee-leaning countries like the U.S., Germany, Italy or Brazil, Instant Coffee is important in traditionally tea-leaning countries like the UK, Czechia or Asia in general as the method of preparation is very similar to that of tea. supermarkets and convenience stores). The Vietnam coffee market value is expected to witness a growth rate of 8.2% during the forecast period with an average per capita coffee consumption of 1.1 Kg in 2018. Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). Report scope can be customized per your requirements. The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. The market for Alcoholic, Non-Alcoholic and Hot Drinks not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for education (U.S.=100). The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. | Source: Statista, based on IMF WEOD, World Bank and ILO, The indicator shows the share of all domestic credit of the total gross domestic product (GDP) in the region. in US$. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Coffee market Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for food and non-alcoholic beverages (U.S.=100). in kilograms. This channel is also called on-trade, on-premise or HORECA (short for hotels, restaurants and cafés). Likewise, for some product groups and services different rates might apply. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. in the Coffee market Vietnam Coffee Chain Market describes an in-depth evaluation and professional study on the present and future state of the Vietnam Coffee Chain market across the globe, including valuable facts and figures.Vietnam Coffee Chain Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these … Reading Support The data source is specified individually for each data set. Another trend is the redefinition of coffee from a common means of caffeination to a sensual experience, which has driven premiumization. | Source: Statista, based on World Bank, Sum of exports and imports of goods and services in relation to total gross domestic product (GDP) | Source: Statista, based on World Bank, OECD, The current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. In 2016, Nestle Vietnam Ltd. led the coffee … In the year 2020 a share of 29.4% of consumers is 25-34 years old. Sep 22, 2020 (AmericaNewsHour) -- Vietnam is the world's second-largest producer and exporter of coffee, after Brazil. Nguyen The Long of the Vietnam Institute of Policy and Strategy for Agriculture and Rural Development emphasized the need for a long-term strategy, a roadmap, and an integrated system for Vietnam’s coffee industry. Reading Support In terms of liquid beverage equivalents, coffee is among the most consumed beverages worldwide with roughly 42.6 liters per person and year (12.6 liters of roast coffee and 30 liters of instant coffee). | Source: Statista, based on IMF, The indicator shows the share of unemployed people in the selected region, defined as persons without work that seek employment, as a percentage of the total labor force. Vietnam's coffee industry took off after the Vietnam War ended in 1975, especially after East Germany signed the coffee procurement agreement with Vietnam. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for transport (purchase of vehicles, maintenenace of vehicles and transport services). | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for transport (U.S.=100). in the Coffee market | Source: Statista, based on World Bank, IMF, OECD, Net barter terms of trade are calculated as the percentage ratio of the export unit value to the import unit value, measured relative to the base year 2000. The definitions of labor force and unemployment differ by country. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . Mintel is forecast to increase to $ 573.75 million by 2016. New, Everything you need to know about the industry development, Find studies from all around the internet. 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