food and beverage
The Food & Beverage category covers market trends, production insights, and trade developments in the food and drink industry. It explores consumer preferences, supply chain issues, exports, imports, and regulatory policies, providing insights into sustainability, pricing trends, and investment opportunities in the sector.
Vietnam’s coffee exports surge in November
Year-to-date exports of coffee reached US$4.93 billion, with Spain being the leading importer at US$409.90 million, reflecting a 44.27 percent increase from October.
Vietnam’s fishery exports see a decline in November
Year-to-date fishery exports amounted to US$9.17 billion, with China leading as the top importer, despite a 14.9 percent month-on-month decline to US$167.41 million.
Vietnam’s beer and malt production sees slight decline in November
In November, the beer and malt production sector grew by 3.29 percent compared to the same month in 2023. However, over the first 11 months of 2024, the IPI for the sector contracted by 1.51 percent compared to the same period in the previous year, suggesting mixed performance trends.
Vietnam’s milk and dairy processing sees steady growth in November
Year-on-year, the milk and dairy processing sector achieved growth of 9.36 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector recorded a cumulative growth of 3.96 percent compared to the same timeframe last year, showcasing consistent performance despite economic challenges.
USDA releases half-year Vietnam Coffee Report
The report notes that 85 percent of Vietnam’s coffee exports are low-value green beans as opposed to higher value processed coffee products along with a few other choice insights.
Vietnam’s food processing, manufacturing production jumps in November
Year-on-year, the sector achieved notable growth of 10.91 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for food processing and manufacturing rose by 7.65 percent compared to the same period last year, underscoring its significant contribution to Vietnam’s industrial output.
Vietnam’s drinks and tobacco CPI records slight increase in November
The drinks and tobacco sector forms a steady component of consumer expenditure in Vietnam, influenced by lifestyle trends, festive demand, and pricing adjustments. It also contributes significantly to government revenue through excise taxes and duties.
Vietnam’s CPI for eating outside the family sees slight increase in November
Eating out is a significant aspect of Vietnam’s modern lifestyle, driven by urbanisation and changing consumer preferences. Restaurants, cafes, and street food establishments contribute significantly to the service economy, reflecting broader trends in consumer spending.
Vietnam’s imports of fishery products surge in October
Indonesia was the top supplier, contributing US$31.27 million in October, reflecting a modest increase of 1.78 percent. Norway followed with US$24.26 million, marking a significant 40.27 percent rise. Imports from India surged by 80.12 percent to US$27.27 million, while China saw a 16.12 percent increase to US$20.06 million.
Vietnam’s imports of fruit and vegetables remain steady in October
Australia was among the leading suppliers, contributing US$19.22 million in October, despite a decline of 14.40 percent month-on-month. The USA followed closely, with imports increasing by 5.67 percent to US$30.31 million. Imports from Thailand also grew by 5.72 percent, reaching US$5.50 million.
Vietnam’s tea exports grow in October, year-to-date performance shows robust growth
Year-to-date figures demonstrate strong growth. From January to October, Vietnam exported 120,306 tonnes of tea, valued at US$211.93 million. This reflects a 28.3 percent rise in volume and a 30.3 percent increase in value compared to the same period in 2023.
Vietnam retail sales for food record moderate growth in October
Cumulatively, year-to-date retail sales in the food sector amounted to VND 1.3 quadrillion, or US$52 billion. This performance underlines the sector’s stable contribution to Vietnam’s retail market, driven by consistent domestic consumption patterns…
Vietnam dairy enzymes market to grow steadily at 4.58% CAGR through 2029
The report goes on to say that the increasing consumption of dairy in Vietnam is fuelled by economic development, urbanisation, and higher disposable incomes. As living standards improve, more Vietnamese consumers are integrating dairy into their diets, valuing its nutritional benefits. This shift has bolstered demand for dairy enzymes, which are vital for producing high-quality products such as milk, cheese, yogurt, and infant formula.
Vietnam’s coffee exports dip in October, year-to-date value remains strong
The year-to-date value growth reflects favourable global coffee prices, offsetting the lower export volumes. While the October performance shows a short-term dip, the overall high value underscores Vietnam’s continued strength as a leading coffee exporter…
Vietnam faces US countervailing duty on shrimp exports
As a result, the US will likely impose countervailing duties on shrimp imports from Vietnam, Ecuador, and India. Additionally, imports from Indonesia, deemed to be sold at less than fair value, will face antidumping duties…
Vietnam’s beer and malt production rises in October but faces annual decline
However, the year-over-year data paints a different picture. While production grew by 2.8 percent in October 2024 compared to October 2023, the cumulative figures from January to October 2024 show a 2.1 percent decline from the same period last year. This indicates that, despite recent gains, the sector has struggled with consistent growth over the year, possibly due to shifts in consumer preferences, rising production costs, and fluctuating demand…
Vietnam’s dairy processing sector sees steady production growth with strong monthly increase
On a year-over-year basis, the sector grew by 2.9 percent compared to October 2023, and the cumulative growth from January to October 2024 reached 3.8 percent over the same period last year. While these annual figures show more modest gains, they indicate a stable upward trend in the dairy industry, supported by Vietnam’s expanding consumer base and increased demand for dairy products…
Vietnam’s food processing and manufacturing sector sees annual gains amid monthly growth
On a year-over-year basis, the sector recorded a more substantial 9.4 percent increase in October 2024 compared to the same month in 2023. Additionally, for the cumulative period from January to October, food processing and manufacturing grew by 7.5 percent over the same period last year…
Vietnam’s wine market set to expand by US$382.2 million amid shifting middle-class tastes: Report
As the market expands, industry players are focusing on targeted marketing, e-commerce, and on-premise experiences to capture this younger demographic’s interest. With this demand trajectory, Vietnam is poised to emerge as a significant player in Asia’s wine market, positioning itself as a promising destination for global wine brands and investors alike.
Vietnam’s consumer price index for dining out shows steady annual growth
Compared to October 2023, the CPI for dining out rose by 3.81 percent, indicating a noticeable annual increase in prices within this sector. Since December 2023, dining prices have grown by 3.54 percent, highlighting consistent upward pressure through the year…
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This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It