Furthermore, market closures, restrictions in travelling, and social distancing are few of the factors impeding the market growth. All Rights Reserved, Sugar Free Carbonated Drinks Market Peanut Milk Market. A. Some of the major players discussed in this report are Unilever, The Coca Cola Company, GCMMF (Amul), Type, Packaging Type, Distribution Channel, And Geography, North America, South America, Europe, Middle East and Africa, Asia Pacific, Unilever, The Coca Cola Company, Nestle, Pepsi co Inc., Jones Soda Co., Danone, Appalachian Brewing Company, GCMMF (Amul), Keurig Dr Pepper Inc., Bacardi Limited, Carlsberg Breweries A/S, Heineken N.V., Suntory Holding Limited, Constellation Brands Inc., Molson Coors Brewing Company, United Breweries Ltd., Brown-Forman Corporation, Global Fruit Juice Market Size: Industry Report, 2021 - 2026, Soft Drinks Market Size & Share: Industry Report, 2019 - 2024, Kids Food And Beverages Market Size & Share: Report, 2022-2027, Instant Beverage Premix Market Report: Industry Size, 2019-2024, Fermented Drinks Market Size & Share: Industry Report, 2021 - 2026. Should arming the rebels be the prerogative of Shopify? Uttar Pradesh, India, Email: [emailprotected] The market is projected to grow at a decent rate during the forecast period owing to the growing per capita global consumption of drinks in major developing regions owing to rising disposable income and changing preferences of consumers towards ready-to-drink beverages. Get 30 mins free consultation with our research analyst. Pandemic disrupted the entire world and affected many industries. Predictable demand generation. Previous Article Vietnam Hit by Raw Material Shortages Disrupting Supply Chains: 7 Industries to Watch, Next Article Vietnams Circular Economy: Decision 687 Development Plan Ratified . As a result, this industry is continuously innovating new products to satisfy the needs of its native consumers. Photo communities like Facebook, Instagram, or Pinterest would mean endless opportunities for F&B brands to increase their presence. Published Date: Feb 2022 | | Pages: Pages: 235, SIngle User License, Five User License & Enterprise User License. Total addressable market size of eCommerce companies in the US and other major markets, Total addressable market of subscription eCommerce companies. The forecast period would be from 2022 to 2031 in the market report with year 2021 as a base year. A3. (With research contribution from Thu Nguyen.). It is predicted that 40 percent of Vietnamese people will live in cities in 2025, up from around 20 percent in 1990. According to a survey among internet users conducted in Vietnam in the first quarter of 2022, Facebook was the leading social media platform among all generations. businesses establish, maintain, Our estimates say consumers in Eastern Europe consume more alcohol when compared to those who are in the western region of Europe. The industry will be valued at 234 billion dollars in 2023 and it is estimated to be 236 billion dollars in 2024. This is bringing loads of traction and growth in the private label beverage market. The global beverage market is projected to grow at a CAGR of 2.53% over the forecast period. A5. What are the growth prospects for the beverage market? Vietnam is Asias top beer consumer. A. India and China are emerging as the potential market for non-alcoholic drinks worldwide registering a CAGR of 8.5% and 7.4% respectively. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. These firms may be more likely to standardize production and guarantee quality while benefiting from economies of scale in areas like e-commerce adoption. Every week we send out one deeply researched essay that captures the eCommerce industry and its evolution, right to your inbox. This is also likely to be a driver of growth and market penetration in the years to come. In recent years, this decision has Vietnams digital economy has seen significant growth over the last decade and is expected to be valued at US$57 billion by 2025.
T&C*. MarketResearch.com6116 Executive BlvdSuite 550Rockville, MD 20852800.298.5699 (U.S.)+1.240.747.3093 (International)customerservice@marketresearch.com, 4 Key Insights into the Global Food and Beverage Market, Food and Beverages Stores Global Market Report 2022, 7 Ways to Identify New Market Opportunities in a Changing World, The Effect of Inflation on Consumers and What It Means for Brands, Predicted Market Research Trends for 2022, How Custom Market Research Can Help You Make Strategic Decisions. Very precise segmentation & messaging. Our goal is to help you better understand your customer, market, and competition in order to help drive your business growth. Save my name, email, and website in this browser for the next time I comment. US non-alcoholic beverage market size is valued at 225 billion dollars in 2022. Zara SA, stylized as ZARA, is a Spanish apparel retailer based in Arteixo in Galicia. The global beverage market is driven by consumer demand for premium/super-premium products. The top F&B brands in the Vietnamese market include Vietnam Dairy Products JSC (Vinamilk), along with familiar global brands, such as the foreign-invested Nestle, Masan Consumer Corporation, and others, while Heineken, Saigon Beer Alcohol Beverage Corporations (Sabeco), and Pepsico Vietnam Beverage Co., Ltd. are among the key players in the beverage industry in Vietnam. Meanwhile, compared to Generation X and Y, Generation Z had higher usage of international platforms, such as Instagram, Tiktok, and Pinterest. This is deemed another possible driver of online food delivery in the years to come. The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the non-alcoholic drinksindustry. Start reading instantly.This Report and over 13,000+ more Reports, Available with Avenue Library. Vietnamese food, often characterized by its use of fresh vegetables and spices, is perhaps more naturally in-sync with healthy eating trends. Food from northern Vietnam emphasizes freshwater ingredients, such as fish, mollusks, and crab, due to geographic restrictions on spice growing and cattle rearing. Moreover, as noted earlier Vietnam is a relatively young country, which will influence future growth prospects, such as the emergence of new culture and lifestyle trends that balance local norms with global preferences. A. Non-alcoholic drinks market was valued at $820.0 billion in 2020, and is estimated to reach $2,134.6 billion by 2031. People living in cities are more likely to eat out and are generally expected to earn more and therefore have a greater total spend on food and beverages. Some of the governments have restricted the sale of alcohol on some special days, at some places & density; limiting the consumption of alcohol. Soft drinks account for nearly 45.87% and 51.40%, by revenue and volume, respectively, followed by bottled water, and dairy drinks. Arts and Entertainment, Business and Consumer Services, Business and Industrial, Consumer Electronics, Health and Fitness, Arts and Entertainment, Business and Industrial, Office Supplies and Stationery, Technology and Computing. The major countries in each region are mapped according to their revenue contribution to the non-alcoholic drinks market. Assembly Acquires Leading eCommerce Market Data and Intelligence Provider, PipeCandy, Grab $100 worth of free eCommerce company data, Get one deeply researched essay from our founders every weekend. uniqlo.cn, operated by Fast Retailing (China) Trading Co., Ltd., is an online store with nationally-focused sales. Lithuania has the highest per capita consumption of alcohol. Securities brokerage VNDirect has reinforced this sentiment. There is category innovation, sales growth and they are in line with long-term consumer behavior. Find your favourite beverage brand below. Online food delivery from food cooperatives or restaurants also grew during the pandemic. Copyright PipeCandy. Many manufacturers are projected to offer new products to target a niche market and become the key player. According to a report cited by the UK Department for International Trade in 2018, market demand for food and non-alcoholic beverages in Vietnam was forecast to grow 11.6 percent between 2018-2022 and be worth US$40 billion by 2021. Vietnam Briefingis produced byDezan Shira & Associates. Another interesting trend is there is a surging demand for mild alcoholic beverages like craft beers, zero alcoholic beverages, and non-alcoholic spirits. The beverage industry can further be classified into non-alcoholic and alcoholic categories. The beverage industry has faced spectacular transformation in consumer preferences in the past decade. We are in compliance with the global privacy laws. Carries a no BS attitude at getting things done. Our subscription service offers regular regulatory updates, Build surgically precise lead lists of your ideal eCommerce customers, Trusted by world's leading eCommerce enablers to research eCommerce companies and reach out to them. Sales: +44-247-698-0804. As disposable incomes increase, the budget for food, accommodation, and utilities expand, and as a result, eating out is becoming common in Vietnam, and to some extent an essential part of modern life in the country. Can a small business have access to local demand without 'Shop' app? Vietnam has long established itself as a favorable destination for investors wanting to diversify their Asia presence.
How do D2C brands think about growth? The global beverage industry is valued at USD 1813 billion for 2022 and the industry is growing at a CAGR of 4%. Vietnams food and beverage market was one of the most attractive markets globally (ranked 10th in Asia) in 2019 as per BMI. Though alcoholic beverages are the most popular segment in this region, there is a surge in demand for Zero alcoholic beverages in recent times. The direct-to-consumer sector as we see today is far different from what it started off as about a decade ago. forecast to grow 11.6 percent between 2018-2022, Vietnam Hit by Raw Material Shortages Disrupting Supply Chains: 7 Industries to Watch, Vietnams Circular Economy: Decision 687 Development Plan Ratified, Finding an Ideal Location Utilizing Vietnams Economic Regions, Digital Economy Prospects in Vietnam and Identifying Government Support, Dezan Shira & Associates' Service Brochure, Vietnams Food & Beverage Industry: Market Trends, Demographics, Consumer Preferences. Market Share Analysis of Key Players by Segment. US whiskey is forecasted to be one of the fastest-growing spirits categories over the forecast period, growing with a CAGR of 4.8%. Are merchants primed to adopt Buy with Prime ? A. Central Vietnam boasts of strong flavors enhanced by chili peppers and other spices. Overall, the non-alcoholic beverage market in the European region is driven by shifts in consumer preferences towards healthier alternatives. Home for the majority of the consumers, the APAC region will dominate the world's non-alcoholic beverage market in the upcoming years. In addition, researchers estimate that the average revenue per person in the Soft Drinks segment amounts to be US $90 in 2020. The warm climate and hotter summer drive sales of non-alcoholic beverages in the APAC region. For example, the countrys top food exports include healthy ingredients like pepper, fruit and vegetables, cashews, and coffee.
DID YOU MISS ANYTHING? This shrink in the market share soft drink category is compensated by the rise in the market share for the subcategories such as fresh juices, enhanced water, RTD coffee, probiotic drinks, etc. Q4.
Get insights on topics that are crucial for your business. Despite the setback of the pandemic, Fitch Solutions still expects the countrys disposable incomes to continue on this growth trajectory in the medium term (2020-2024). Many distilleries are coming up with new varieties of craft beers and premium organic wines. Want insights on the performance of D2C, eCommerce brands in the US & India during COVID lockdowns? These factors have a negative effect on the growth of non-alcoholic drinks market. Beverage brands have realized that volume is no more the path to profitability in todays marketplace. Vietnams growing middle-class population reflects the countrys compound annual GDP growth rate of five percent over the past 20 years, which is 1.7 times faster than the global average. 
The key players operating in the non-alcoholic drinks market include- A.G. Barr, Dr. Pepper Snapple Group, Dydo Drinco, Attitude Drinks, Co., Livewire Energy; Calcol, Inc., Danone, Nestl S.A., PepsiCo, Inc., and the Coca-Cola Company. They are moving towards premium selections from their traditional core categories. With flavors driving consumer interest the local brewers and DTC brands are capitalizing this opportunity to penetrate the market. However; surge in preference for healthy food has affected the soft drink market negatively. The non-alcoholic beverage market includes soft drinks(soda), fruit juices, syrup, caffeinated drinks, sports drinks, coffee, and tea. Oops! By product type, the market can be segmented into soft drinks, tea & coffee, energy drinks, juices, bottled water, dairy drinks, and others. A. Changes in lifestyle and consumption habits of the new-age consumers are two major reasons driving this change. Mixed drinks, beer, and cider are all projected to make incremental gains throughout the forecast period, with respective CAGRs of 1.3%, 0.02%, and 1.3% between 2017 and 2022. The group said that the number of transactions had risen by 24 percent, indicating sector recovery. With Vietnams middle class growing, its population is becoming increasingly engaged with global trends, such as sustainability and healthy eating. Tourism is another sizeable contributor to Vietnams food and beverage industry. 
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