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Vietnam Pudding Market Outlook to 2025F – Driven by Robust Population of Millennial Consumers along with Proliferation of Food Tech Apps

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The report titled Vietnam Pudding Market Outlook to 2025F – Driven by Robust Population of Millennial Consumers along with Proliferation of Food Tech Appsprovides a comprehensive analysis of the pudding  industry of Vietnam. The report covers various aspects including the current bakery and pudding sales in Vietnam and current scenario in terms of value and volume, its segmentations viz, Distrubtion Channels (Bakery/Confectionery Stores, HORECA’s and Online) and By Type of Cities (Tier 1and Tier 2 Cities), Consumer Preferences and Trends Analysis, Pricing Analysis, Major trends and development, issues and challenges and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

Vietnam Pudding Market

The pudding  market in Vietnam witnessed a double digit growth of 10.8% CAGR during theyear 2015 to 2020. The market is currently at growth stage and entry of international bakeries and food service joints along with increasing disposable income and westernized cultures boosted the sales of pudding. Most of the pudding demand for urban consumers are  met by local bakery shops due to ease of availability and affordable prices. However, 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.  Consumer footfall to bakery shops and retailing stores has also decreased significantly post COVID due to safety and health concerns. 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.

Vietnam Pudding Market Segmentation

By Distribution Channel: The standalone stores such as bakeries and confectioneries dominated  the market due to its ease of convenience and product offerings. However, online channels are gaining traction post COVID19 making it convenient for consumers and creating opportunities for many restaurants, small eateries and housewives to offer bakery products to consumers.

By Tier 1 and Tier 2 Cities: Consumer preferences in terms of taste, flavor and price of pudding differ depending on the region in Vietnam. Consumers especially under Tier 1 cities prefer to consume Pudding as a part of dessert under Hotels and Restaurants, where premium is quite higher and falls under the range of above VND 20,000. However, consumers in Tier 2 cities prefer independent shops and street stalls as they charge a lower price premium on the pudding and hence serves under the price range of VND 10,000-15,000.

Comparative Landscape in Vietnam Pudding Market

Competition was observed to be highly fragmented with presence of more than 1,000 organized/semi-organized and ~30,000+ unorganized bakeries  and broad gamut of modern trade channels. Organized bakeries are utilizing social media to provide targeted and cost-effective marketing.  Lacking the large budgets of international chains, local bakery cafes are eschewing traditional marketing to rely on word-of-mouth recommendations and social media engagement. Tapping into the artisanal market, smaller bakeries are concentrating on quality over quantity, while larger chains such as Nyugen Son Bakeries and Coffee House rely on creating larger quantities but with strong branding and associated trust.

Vietnam Pudding Market Future Outlook and Projections

The pudding market in Vietnam is expected to experience medium level of growth owing to population growth along with rising incomes, health consciousness and the thriving bakery industry. Market expected to gain momentum with rise in disposable income per capita and increase in target population. Demand from Tier 1 and Tier 2 cities such as HCM, Hanoi and Da Nang to dominate the market in the future. Technical innovation in bakery equipment to result in efficient delivery of a variety of artisanal baked products at scale. New products such as fat free and sugar free pudding  is expected to boost the market growth in the coming years.

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
READ MORE

Table Of Content

Scope

1. Executive Summary

2. Vietnam Pudding Market Overview
Socio-Economic Landscape of Vietnam
Overview of Vietnam Bakery Market
Vietnam Pudding Market Size, 2015-2020

3. Key Market Trends observed in Vietnam Pudding Market
Industry Life Cycle
Value Chain Analysis (Entities Involved, Role of Entities, End-Consumers and Operators)
Vietnam Pudding Market Segment by Distribution Channel, 2020
Vietnam Pudding Market Segment by Tier 1 and Tier 2 Cities, 2020
Market Restraints/ Challenges Faced

4. Consumer Trends and Preferences (Market Survey)
Demographics of Survey Respondents
Consumer Preferences in terms of Purchasing Decision, Purchase Frequency, Preferred Flavors and Preferred Channel
Pricing Analysis
Understanding the Consumption Behavior (Seasonal Demand)
Purchase Decision Making Parameters for Puddings

5. Dynamics of Pudding Market
Porter’s Five Forces Analysis
Competition Scenario in Vietnam Pudding Industry
Cross Comparison of Players (Parameters including Location, Number of Outlets, Best Selling Flavor, Price and Contact)
Entry Barriers in the Industry

6. Future Outlook and Projections for Vietnam Pudding Market
Industry Future Outlook and Projections to 2025F
Future Segmentations of Vietnam Pudding Market, 2020-2025F
Scope in the Vietnam Pudding Market

7. Appendix / Research Methodology
Disclaimer
Contact Us

Licence Rights

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
Deliverable Format :viewable on the website via username :viewable on the website via username ; :viewable on the website via username :Printed Publication/ Book by Post ; :viewable on the website via username
What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
Print Option
User Sharing Restricted to one registered login Restricted to one registered login Restricted to one registered login Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Download Option
Copy Option
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate)
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.

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Products and Companies

Products

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

Company Profile

Company Profile Title

The report titled Vietnam Pudding Market Outlook to 2025F – Driven by Robust Population of Millennial Consumers along with Proliferation of Food Tech Appsprovides a comprehensive analysis of the pudding  industry of Vietnam. The report covers various aspects including the current bakery and pudding sales in Vietnam and current scenario in terms of value and volume, its segmentations viz, Distrubtion Channels (Bakery/Confectionery Stores, HORECA’s and Online) and By Type of Cities (Tier 1and Tier 2 Cities), Consumer Preferences and Trends Analysis, Pricing Analysis, Major trends and development, issues and challenges and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

Vietnam Pudding Market

The pudding  market in Vietnam witnessed a double digit growth of 10.8% CAGR during theyear 2015 to 2020. The market is currently at growth stage and entry of international bakeries and food service joints along with increasing disposable income and westernized cultures boosted the sales of pudding. Most of the pudding demand for urban consumers are  met by local bakery shops due to ease of availability and affordable prices. However, 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.  Consumer footfall to bakery shops and retailing stores has also decreased significantly post COVID due to safety and health concerns. 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.

Vietnam Pudding Market Segmentation

By Distribution Channel: The standalone stores such as bakeries and confectioneries dominated  the market due to its ease of convenience and product offerings. However, online channels are gaining traction post COVID19 making it convenient for consumers and creating opportunities for many restaurants, small eateries and housewives to offer bakery products to consumers.

By Tier 1 and Tier 2 Cities: Consumer preferences in terms of taste, flavor and price of pudding differ depending on the region in Vietnam. Consumers especially under Tier 1 cities prefer to consume Pudding as a part of dessert under Hotels and Restaurants, where premium is quite higher and falls under the range of above VND 20,000. However, consumers in Tier 2 cities prefer independent shops and street stalls as they charge a lower price premium on the pudding and hence serves under the price range of VND 10,000-15,000.

Comparative Landscape in Vietnam Pudding Market

Competition was observed to be highly fragmented with presence of more than 1,000 organized/semi-organized and ~30,000+ unorganized bakeries  and broad gamut of modern trade channels. Organized bakeries are utilizing social media to provide targeted and cost-effective marketing.  Lacking the large budgets of international chains, local bakery cafes are eschewing traditional marketing to rely on word-of-mouth recommendations and social media engagement. Tapping into the artisanal market, smaller bakeries are concentrating on quality over quantity, while larger chains such as Nyugen Son Bakeries and Coffee House rely on creating larger quantities but with strong branding and associated trust.

Vietnam Pudding Market Future Outlook and Projections

The pudding market in Vietnam is expected to experience medium level of growth owing to population growth along with rising incomes, health consciousness and the thriving bakery industry. Market expected to gain momentum with rise in disposable income per capita and increase in target population. Demand from Tier 1 and Tier 2 cities such as HCM, Hanoi and Da Nang to dominate the market in the future. Technical innovation in bakery equipment to result in efficient delivery of a variety of artisanal baked products at scale. New products such as fat free and sugar free pudding  is expected to boost the market growth in the coming years.

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
READ MORE

Scope

1. Executive Summary

2. Vietnam Pudding Market Overview
Socio-Economic Landscape of Vietnam
Overview of Vietnam Bakery Market
Vietnam Pudding Market Size, 2015-2020

3. Key Market Trends observed in Vietnam Pudding Market
Industry Life Cycle
Value Chain Analysis (Entities Involved, Role of Entities, End-Consumers and Operators)
Vietnam Pudding Market Segment by Distribution Channel, 2020
Vietnam Pudding Market Segment by Tier 1 and Tier 2 Cities, 2020
Market Restraints/ Challenges Faced

4. Consumer Trends and Preferences (Market Survey)
Demographics of Survey Respondents
Consumer Preferences in terms of Purchasing Decision, Purchase Frequency, Preferred Flavors and Preferred Channel
Pricing Analysis
Understanding the Consumption Behavior (Seasonal Demand)
Purchase Decision Making Parameters for Puddings

5. Dynamics of Pudding Market
Porter’s Five Forces Analysis
Competition Scenario in Vietnam Pudding Industry
Cross Comparison of Players (Parameters including Location, Number of Outlets, Best Selling Flavor, Price and Contact)
Entry Barriers in the Industry

6. Future Outlook and Projections for Vietnam Pudding Market
Industry Future Outlook and Projections to 2025F
Future Segmentations of Vietnam Pudding Market, 2020-2025F
Scope in the Vietnam Pudding Market

7. Appendix / Research Methodology
Disclaimer
Contact Us

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
Deliverable Format :viewable on the website via username :viewable on the website via username ; :viewable on the website via username :Printed Publication/ Book by Post ; :viewable on the website via username
What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
Print Option
User Sharing Restricted to one registered login Restricted to one registered login Restricted to one registered login Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Download Option
Copy Option
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate)
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.
To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

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