Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Summary

“Vietnam Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Vietnamese Foodservice market over the next five years (2022-2027) and acts as a vital point of reference for operators or suppliers.

The overall value of Vietnam’s foodservice profit sector increased at a CAGR of 2.5% during 2017-22, standing at VND1,011.2 trillion ($43.7 billion) in 2022, despite reduction in the number of transactions. Takeaways and deliveries continued to play a crucial role in leading the value sales among foodservice businesses, especially in the quick-service restaurant (QSR) and full-service restaurant (FSR) channels. Value sales of dine-in services improved as tourism returned to full capacity. Independent operators led the profit sector in 2022. Both chain and independent operators registered growth in value during 2017-22 across all restaurant channels. During 2022-27, chain operators will continue to lead at a slightly faster CAGR of 11.6% than independent operators at 10.1%, with the overall profit sector registering a CAGR of 13.3%. Value growth in the sector will be supported by an increase in transaction count.

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 Vietnam's population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

Scope

• FSR was the largest channel in Vietnam’s foodservice profit sector in 2022, accounting for 62.1% of the total value sales. The channel’s value sales increased at a CAGR of 5.2% during 2017-22, mainly stimulated by the increase in the average transaction price. QSR was the third-largest channel in the Vietnamese foodservice profit sector in 2022, accounting for a value share of 11%. The channel generated value sales of VND111.1 trillion ($4.8 billion) in 2022, increasing from VND73 trillion ($3.3 billion) in 2017, registering a CAGR of 8.8%. Pub, club & bar was the fourth-largest channel in the Vietnamese foodservice profit sector in 2022, accounting for a 7.1% share of profit sector sales in 2022. The channel’s value reached VND71.6 trillion ($3.1 billion) in 2022, after seeing a CAGR of 1.9% during 2017-22.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-2027) 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.