Vietnam Meat - Market Assessment and Forecasts to 2028

Vietnam Meat - Market Assessment and Forecasts to 2028

Summary

The Vietnamese meat sector is expected to grow from VND251.2 trillion ($10.6 billion) in 2023 to VND302.4 trillion ($11.9 billion) by 2028, growing at a CAGR of 3.8%. In terms of volume, the sector is expected to grow from 1,970.3 million kg in 2023 to 2,008.2 million kg by 2028, growing at a CAGR of 0.4%. Fresh meat (counter) remains the leading category in both value and volume, while chilled raw packaged meat - processed is forecasted to achieve the fastest value growth, followed by frozen meat and ambient meat. Among distribution channels, food and drink specialists was the largest distribution channel. Key players driving the market include DANISH CROWN FOODS A/S, Vissan Co. Ltd, and St. Helen’s Meat Packers Limited.

Scope

• Per capita consumption of meat in the Vietnam was higher than regional and global levels in 2023.
• The per capita consumption of fresh meat (counter) was higher in the Vietnam compared to other meat categories in 2023
• Food & drinks specialists was the leading distribution channel in the Vietnamese meat sector, with a value share of 73.7% in 2023

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.