Vietnam - Consumption Activity gains steam in Q3 on stronger demand at home and abroad. Other fast food chains in Vietnam cater to kids and young middle class Vietnamese families will make a fast food visit the focus of the afternoon. On the other hand the number of fast food chains are on the increase especially in HCM and Hanoi. Delivery: Files are delivered directly into your account within a few minutes of purchase. According to another report, Indian fast food market is expected to grow at a compound annual growth rate (CAGR) of 18 per cent by 2020 due to changing consumer behaviour and demography. Purchasing preferences 16 4. Select here to view 'other' root causes/drivers. This statistic shows the results of a survey conducted by Cint on the average number of times fast food from quick service restaurants was consumed per week in Vietnam between 2017 and 2018… 2. The country is one of its 65 franchise markets in the world. 13, Issue. Meanwhile 62.5% of Thai respondents spend 101 –400 THB, compared to 70.3% of Indonesian who spend IDR 20,001 –60,000 for single fast food-purchase. According to Decision Lab, a Ho Chi Minh City-based market research firm, the out-of-home consumption for food and beverage, are divided into a number of segments, of which full-service restaurants and quick service restaurants lead the group at 36 percent each. A new report from Decision Lab outlines five important factors that the food and beverage industry in Vietnam would be wise to take into account when making investment or expansion decisions.. As the population surges and the foodservice sector widens following vast economic growth, innovations in the industry are becoming necessary for restaurants wanting to fully maximize profit margins. Com Tho Chay, a brand from Mon Hue Restaurant Co Ltd, recorded the most outstanding performance in fast food in 2017. 5… The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. 3. The market is expected to grow annually by 6.8% (CAGR 2020-2025). Wi-Fi is free and coffee at the Western cafes is as much as 5 times the price of a street vendor. The numbers are collected at Ac Nielsen´s report on groceries in Vietnam from 2010. Vietnam: How often do you eat fast food (any quick service restaurant) in any given week (on average)? Accessed December 22, 2020. https://www.statista.com/statistics/561300/vietnam-average-fast-food-consumption-per-week/, Cint. The Covid-19 pandemic has made Vietnamese consumers more conscious of healthy food and drinks and increased their consumption, studies show. OCCASIONS FOR CONSUMING Even more important, the county’s middle class, now 7 million households, is growing fast. The variety of foods … facts. Request a complimentary demonstration of our award-winning market research today. The percentage of adults who consumed fast food increased with increasing family income. Food guide. Driven by the growth in living standards, disposable income, foreign investment, and economy, Vietnam’s fast-moving consumer goods (FMCG) market is projected to grow by five to six percent in 2018, with rural areas growing faster than cities. Sugar and salt are at the apex of the pyramid. We also wanted to find out how people order fast food online. Independent Asian fast food has been in Vietnam for a very long time, but operators tend to be low-end and focus on budget consumers. By Lester Wan 26-Jun-2018 - Last updated on 26-Jun-2018 at 02:30 GMT . Fast food consumption … Directly accessible data for 170 industries from 50 countries Chart. Arcos Dorados Holdings' net worth 2016-2020, Arcos Dorados Holdings ad spend 2014-2019, Latin America: Big Mac index in selected countries 2020, Arcos Dorados number of restaurants 2012-2019, Arcos Dorados number of restaurants 2019, by region, Arcos Dorados number of restaurants 2019, by category, Number of McCafé outlets in Latin America by region 2019, Latin America: McDonald's Dessert Centers by region 2019, Arcos Dorados revenue in Argentina, Chile, Ecuador, Peru & Uruguay 2012-2019, Arcos Dorados operating income in Argentina, Chile, Ecuador, Peru & Uruguay 2012-2019, Arcos Dorados EBITDA in Argentina, Chile, Ecuador, Peru & Uruguay 2012-2019, Latin America: Big Mac index in Chile 2020, Latin America: Big Mac index in Peru 2020, Arcos Dorados operating income in Brazil 2012-2019, Brazil: number of McDonald's restaurants 2012-2019, by type, Brazil: Mcdonald's number of franchise units 2017-2019, Brazil: McDonald's advertising spending 2017-2018, Arcos Dorados revenue in Costa Rica, Mexico and Panama 2012-2019, Arcos Dorados operating income in Costa Rica, Mexico & Panama 2012-2019, Arcos Dorados EBITDA in Costa Rica, Mexico & Panama 2012-2019, Latin America: Big Mac index in Mexico 2020, Latin America: Big Mac index in Costa Rica 2020, Latin America: Big Mac index in Nicaragua 2019-2020, Arcos Dorados revenue in the Caribbean 2012-2019, Arcos Dorados operating income in the Caribbean 2012-2019, Arcos Dorados EBITDA in the Caribbean 2012- 2019, Indonesia - average fast food consumption per week in 2016-2018, Mexico - average fast food consumption per week in 2016-2018, India - average fast food consumption per week in 2016-2018, U.S. - average fast food consumption per week in 2016-2018, Canada - average fast food consumption per week in 2016-2018, Taiwan - average fast food consumption per week in 2017-2018, Thailand - average fast food consumption per week in 2016-2018, Brazil - average fast food consumption per week in 2016-2018, Saudi Arabia - average fast food consumption per week in 2017-2018, Average fast food consumption per week in Argentina in 2016-2018, Australia - average fast food consumption per week in 2017-2018, United Arab Emirates - average fast food consumption per week in 2017-2018, Malaysia - average fast food consumption per week in 2016-2018, Singapore - average fast food consumption per week in 2017-2018, Japan - average fast food consumption per week in 2016-2018, Philippines - average fast food consumption per week in 2017-2018, Colombia - average fast food consumption per week in 2018, China - average fast food consumption per week in 2016-2018, Chile - average fast food consumption per week in 2018, New Zealand - average fast food consumption per week in 2017-2018, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Overall economic growth, including a sizable young population, rapid urbanization and concerns about hygiene and food safety are driving changes in consumption patterns. Soft drink consumption Fruit consumption Vegetable consumption Fast food consumption Processed meat consumption Grains consumption Depression Anxiety Roots of obesity » Like all chronic diseases, the root causes/drivers of obesity are complex. Corporate solution including all features. Page 2 of 8 . Fast Food in Vietnam Fast Food in Vietnam Independent Asian fast food has been in Vietnam for a very long time, but operators tend to be - Market research report and industry analysis - 11645755 15 On special days and while meeting friends fast food consumption were (33.9%) and (25.7%) respectively. [Graph]. The emergence of COVID-19 in Vietnam and the early action taken by the government to introduce various lockdown measures in an attempt to control the spread of the virus, is set to have a mixed impact on packaged food in 2020. Data from the National Health and Nutrition Examination Survey 1. Strong economic growth, rapid urbanization, and constant rise in disposable incomes are the key factors that are expected to contribute to the development of the foodservice market in Vietnam. Statista. Food Industry in Vietnam. Vietnam – a country in transition Vietnam is a country in transition. You need a Single Account for unlimited access. This feature is limited to our corporate solutions. A paid subscription is required for full access. 4. In Vietnam, milk – in various forms – highlights important food and nutrition equity issues. Vietnam's food retail sector is dominated by small traditional traders, but modern retail channels are expanding in response to growing consumer demand. 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