ASIA Manufacturing: Food, Beverages & Packaging Summit 2019

INTRODUCTION TO VIETNAMESE F&B MARKET

The Vietnamese food processing industry is driven by strong domestic consumption and strong exports, and demand keeps growing, - but fierce competition forces the industry to continue investing to improve efficiency and meet global food safety standards.

As a result Vietnam's food processing companies adopted low-cost strategies and invest large sums of money for equipment upgrades, which is mainly sourced from overseas - which opens great opportunities for international machinery manufacturers. In 2017 Vietnam imported over $425.5 million USD worth of F&B machinery.

With new FTAs coming into effect and old one starting to generate traffic, comparing to 2016, import of F&B machinery increased drastically: packaging/wrapping machinery +49%, bakery machinery for pasta +59%, cleaning & drying of bottles +184%, machinery for the industrial preperation of fruits, nuts & vegetables +154% and for manufacture of confectionery, cocoa or chocolate 145%.

Why Vietnam?

• Vietnam has the largest beer market among the 10 members of the Association of Southeast Asian Nations, with annual production of more than 4 million kilo-liters, according to Kirin Holdings research.
• Revenue in the Food & Beverages segment amounts to US$148m in 2018.
• Revenue is expected to show an annual growth rate (CAGR 2018-2023) of 21.9%, resulting in a market volume of US$400m by 2023.
• User penetration is 15.9% in 2018 and is expected to hit 20% by 2023.
• The average revenue per user (ARPU) currently amounts to US$9.88.
• The Business Monitor International (BMI) forecast that the growth rate of the sector would be at 10.9 per cent in the 2017-19 period, thanks to people's increasing income and a trend of using high value products.
• Increase of EU companies entering Vietnamese market due to EVFTA

Join over 180 delegates and 20 manufacturing professionals and expert speakers. Learn about the latest packaging technologies and how to apply newest production techniques to increase your profitability. Network with industry professionals like you and explore business opportunities.