2012-09-09 03:50:21 -
Fast Market Research recommends "Vietnam Food & Drink Report Q4 2012" from Business Monitor International, now available
Our near-term consumer outlook for Vietnam is looking increasingly worrying. Growing uncertainties over unemployment in the manufacturing sector, and concerns of a macroeconomic slowdown are already taking their toll on consumer confidence. With consumers remaining largely cautious with their spending in the coming months, 2012 is likely to serve up greater demand challenges for producers and retailers. While the current environment poses a threat to near-term domestic demand conditions, the long-term potential of the consumer-facing sectors in Vietnam is undeniable. Rapid economic growth in Vietnam over the coming years should translate into higher income, in turn benefiting consumerism.
Headline Industry Data (local currency)
* 2012 food consumption growth = +8.4%; forecast compound annual growth rate (CAGR) to 2016 = +9.1%
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2012 alcoholic drink value sales = +15.7%; CAGR to 2016 = +14.0%
* 2012 soft drink value sales = +19.1%; CAGR to 2016 = +14.5%
* 2012 mass grocery retail sales = +12.1%; CAGR to 2016 = +12.3%
Full Report Details at
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www.fastmr.com/prod/456384_vietnam_food_drink_report_q4_2012.asp ..
Key Industry Trends
Metro Moving Forward In Vietnam: Germany-based cash-and-carry retailer Metro Group needs a lot more work in ramping up its exposure in emerging markets (EMs), which present much more exciting opportunities than its developed European markets. Vietnam, in particular, remains an attractive market for Metro, and its EM ambitions should support the expansionary plans of its local subsidiary Metro Cash & Carry Vietnam. However, the fact that Metro Cash & Carry Vietnam is present only in the wholesale sector means it faces a major threat of declining sales opportunities from the ongoing proliferation of organised retail. This raises questions about its future strategic direction in the country, although we stress that this remains a long-term play.
SMB Eyeing Regional Growth: Philippine brewer San Miguel Brewery (SMB) has its sights set firmly on the demand potential in the markets of Cambodia, Laos and Vietnam. The brewer plans to set up three new breweries in these countries with a planned investment of around US$300mn. While the Philippine beer sector will remain a strong revenue contributor for SMB, at least in the near future, the relative maturity of the market and SMB's market dominance mean that there is realistically limited scope for growth domestically over the longer term. Acknowledging the need to look afield for more exciting opportunities, SMB plans to set up brewing facilities in Cambodia, Laos and Vietnam, with a brewing capacity of 500,000 hectolitres each.
Key Risks To Outlook
Downside risks to our economic outlook for Vietnam, which include sovereign debt concerns in the eurozone and economic uncertainties in the US and China, have escalated significantly in recent months. Weak economic momentum could weigh on consumer sentiment and domestic demand growth.
Partial Table of Contents:
SWOT Analysis
- Vietnam Food Industry SWOT
- Vietnam Drink Industry SWOT
- Vietnam Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Core Views
- Asia Pacific Food & Drink Risk/Reward Ratings
- Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q412 (score out of 10)
- Table: Asia Pacific Food & Drink Risk/Reward Ratings, Q412
- Vietnam Food & Drink Risk/Reward Ratings
- Macroeconomic Outlook
- Table: Economic Activity
Industry Forecast Scenario
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts
- Drink
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts
- Hot Drinks
- Table: Hot Drinks Volume Sales - Historical Data & Forecasts
- Soft Drinks
- Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts
- Table: Carbonates
- Mass Grocery Retail
- Table: MGR Value Sales by Format - Historical Data & Forecasts
- Trade
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts
Food
- Key Industry Trends And Developments
- Regional Players Expanding Footprint
- Foreign Brands Dominating Consumer Goods Industry
- Rural Market Potential Attracting Manufacturers
- Market Overview
- Agriculture
- Food Processing
- Food Consumption
Drink
- Key Industry Trends And Developments
- SMB Eyeing Regional Growth
- Regional Brewers Spreading Their Wings Across Vietnam
- Spirits And Soft Drinks Potential Attracting Investors
- Coffee Potential Perking Up Sector Investments
- Market Overview
- Hot Drinks
- Soft Drinks
- Alcoholic Drinks
Mass Grocery Retail
- Key Industry Trends And Developments
- Metro Moving Forward In Vietnam
- Vietnam A Stepping Stone To Achieve Regional Ambitions
- Retailers Scouting For New Retail Locations
- Market Overview
- Table: Structure Of Vietnam's Mass Grocery Retail Market By Estimated Number Of Outlets
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Full Table of Contents is available at:
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www.fastmr.com/catalog/product.aspx?productid=456384&dt=t
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