Vietnam Pudding Bakeries Market, Vietnam Pudding Restaurants Market

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.

Key Segments Covered in Vietnam Pudding Market:-

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:-

Vietnam Pudding Market

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