Vietnam News
·
Introduction of healthy variants such as sugar free and fat free
puddings to lure health conscious consumers and drive market growth.
·
Proliferation of various retail formats such as online food delivery
apps to provide consumers easier access to a variety of bakery products.
·
Surge in consumption inspired by use of social media to flaunt their
lifestyle will increase sales.
·
Value-conscious customers are gravitating towards the offerings of
supermarkets for buying instant pudding mix while consumers concerned with
health and quality are increasingly purchasing high-margin products from
artisanal bakeries.
Evolution of Consumer Preferences: A growing working population has driven consumption of
commercial baked prepackaged goods including breads, cakes, puddings and cookies
that were previously prepared at home. More than 30% consumers
and 40% of millennials prefer visiting restaurants offering dishes
with new or innovative flavors/ingredients.
Increased Prevalence of Lifestyle
Diseases: ~23%
and 17% of Vietnamese adult females and males estimated to be overweight or
obese in 2020. The rapid increase in prevalence of overweight and obesity in
urban Vietnam among all age groups have negatively affected to market.
Impact of COVID 19: The closure of foodservice outlets
during lockdown along with the strict government restrictions on gatherings
during COVID 19 has seriously affected the sales of puddings. Because festivals are major sales drivers for
cakes and puddings in Vietnam, the sales performances of bakeries in 2020 as a
whole proved to be weaker than expected. Consumer footfall to bakery shops and
retailing stores has also decreased significantly post COVID due to safety and
health concerns.
The report titled “Vietnam
Pudding Market Outlook to 2025F – Driven
by Robust Population of Millennial Consumers along with Proliferation of Food
Tech Apps” by
Ken Research suggested that the pudding market is further expected to grow
in the near future owing to increase in consumer spending and ease of availability. Presence of numerous small and large bakeries
competing in terms of prices and variants along with the introduction of
healthy variants are increasing the sales. The market is expected to register a
positive six year CAGR of 6.0% in terms of revenue during the forecast period
2020-2025F.
By Distribution Channel
Standalone
Sops (Bakery/Confectionery)
Online
HORECA’s
By Tier 1 and Tier 2 Cities Sales
Tier 1
Cities
Tier 2
Cities
Key Target Audience:-
Pudding
Manufacturers
Pudding Mix
Manufacturers
Consultancy
Companies
Bakeries/Confectioneries
Hotels and
Restaurants
Time Period Captured in the Report:-
Historical Period: 2015-2020
Forecast Period: 2020–2025
Key Topics Covered in the Report:-
Vietnam
Pudding Market Introduction and Overview
Supply Side
Ecosystem and Geographical Distribution
Value Chain
Analysis of Pudding Market
Consumer
Trends and Preferences
Industry
Analysis (Porter’s Five Forces Analysis)
Comparative
Landscape – Vietnam Pudding Market
Entry Barriers
in the Industry
Future
Trends in Vietnam Pudding Market
Research
Methodology
Appendix
For More Information on
the research report, refer to below link:-
Related Reports:-
Global Puddings Market 2019 By
Manufacturers, Regions, Type And Application, Forecast To 2024
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