Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData 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.

The overall value of the Vietnamese foodservice profit sector declined at a negative CAGR of 4.2% during 2016-2021. The government enforced restrictions on dine-in services during 2020 and shut down other business activities severely hindered restaurant and hospitality sectors in the country. However, e-commerce and take-aways played a vital role in mitigating losses of foodservice businesses. In the future, with economic recovery and resumption of businesses, the foodservice industry is projected to rebound over the forecast period.

The report includes -

• Overview of Vietnam’s macro-economic landscape: 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.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, and Pub, Club & Bar) within Vietnam’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Vietnamese population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

• In 2021, the FSR channel led the profit sector, with a market share of 61.8%. It was followed by mobile operator and QSR channels with market shares of 12.2% and 11.1%, respectively. The pub, club & bar channel contributed a share of 7.3% of the market.
• The mobile operator channel led the sector with the highest number of outlets in 2021, with an outlet count of 2,31,751 and also increased at a CAGR of 2.0% during 2016-2021. Meanwhile, the QSR and FSR channels also expanded their presence during 2016-2021 in terms of outlets.

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.