The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. Now, there are many new names such as TNI (King Coffee), Ajinomoto (Birdy), Phindeli and others, though they hold a small market share. Revenue in the Instant Coffee segment is projected to reach US$438.6m in 2020. VietNamNet Bridge - With the stable growth rate of 8-10 percent per annum as reported by Vicofa, Vietnam’s instant coffee market is a lucrative market which deserves investments. Likewise, a decline would indicate a deterioration of terms of trade that would put pressure on the country to export more goods to sustain the level of imports. At the present, the amount of Vietnam exporting coffee to the world market accounts a high rate, but the quality is not high enough, so the export turn-over is still low. The prices have been converted from Local Currency Units (LCU) using the average exchange rate of 2017. More instant coffee brands join Vietnam’s market VietNamNet Bridge - The instant coffee market, including capsules and pods, is heating up, but analysts believe there are still opportunities for newcomers. The average price per kilogram in the Instant Coffee segment is expected to amount to US$27.92 in 2020. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data (GDP deflator). The market is expected to grow annually by 10.4% (CAGR 2020-2025). The beverage-food industry businesses all want to grab the market pie. The Instant Coffee segment is expected to show a revenue growth of 15.0% in 2021. This report covers all instant and fresh coffee. in the Instant Coffee market The indicator is valued at the current exchange rate of the respective year versus the US$. The Coffee segment consists of Roast Coffee… The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. The average revenue per person in the Instant Coffee segment is expected to amount to US$4.51 in 2020. in million US$ The instant coffee market, including capsules and pods, is heating up, but analysts believe there are still opportunities for newcomers. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for alcoholic beverages, tobacco and narcotics. It excludes RTD liquid products. Figure 1: Coffee Exports to Major Destination in the First Half of the Marketing Year (million bags) Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Instant Coffee market | Source: Statista, based on World Bank, Goverment gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. -13.1% The data source is specified individually for each data set. | Source: Statista, based on World Bank, Sum of on- and offloading of containers (TEU: 20 foot equivalent units) to marine vessels in the selected region | Source: Statista, based on UNCTAD, World Bank, Percentage share of all food exports (sections 0, 1, 4 and 22 in the Standard International Trade Classification - SITC) of all merchandise exports in the selected region | Source: Statista, based on World Bank, Percentage share of all food imports (sections 0, 1, 4 and 22 in the Standard International Trade Classification - SITC) of all merchandise imports in the selected region | Source: Statista, based on World Bank, Population share using a bank account | Source: Statista, based on World Bank, Percentage of the total population who own at least one credit card | Source: Statista, based on World Bank, Percentage of the total population who own at least one debit card | Source: Statista, based on World Bank, Estimated population share that uses the internet for accessing banking services | Source: Statista, based on World Bank and Eurostat, Number of physical retail locations of commercial banks per 100,000 adults in the selected region | Source: Statista, based on IMF, World Bank, Number of ATMs, Automated teller machines are computerized telecommunications devices that provide clients of a financial institution with access to financial transactions in a public place. This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. Revenue in the Instant Coffee segment is projected to reach US$438.6m in 2020. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for health. A senior executive of Nutifood commented that the competition is cutthroat, with many domestic and foreign brands. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. The timeline has been stabilised for currency effects by using a constant exchange rate. According to the Vietnam Coffee & Cocoa Association, the instant coffee market grows by 8-10 percent per annum. High levels of indebtedness can indicate the formation of a bubble that can cause an economic downturn. Coffee Vietnam market size data most recently updated in 2020. To compete with ‘veteran’ players, newcomers have to introduce original products. Nestle faces new coffee rival as Vietnam targets instant market Mon, Dec 30, 2019 - 6:21 AM After quietly supplying coffee addicts their daily fix for decades, Vietnam is preparing to take on Nestle SA and its Asian rivals to reach them faster. Since it is a medium roast, it has a well-balanced and smooth-bodied flavor that makes me impressed. Designates Switzerland, Vietnam as Currency…, Banks are offering attractive loans during the year-end…, More Japanese firms prefer Vietnam over China, Vietnam Airlines seeks low-interest loans to accelerate Covid-19…, Opportunities in Vietnam: perspectives from a CEO –…, Cafe Amazon opened its first store in Vietnam, Vietnam’s trade turnover is expected to hit $540…, Cam Ranh airport has been granted the Airport…, Airlines increase flights number on Hanoi – HCMC…, Saigon launching public bicycle sharing scheme to limit…, Vietnam bans three passengers for a year after…, Vietnam aims to cashless all of transactions in…, Vietnam detects six new imported COVID-19 cases, HCMC flight attendant who breached Covid-19 protocol recovers, Things You Should Know About Vietnamese Culture, Here is how Vietnam controls the pandemic, The first three volunteers received Vietnam’s Covid-19 vaccine…. Us market to compete with ‘veteran’ players, newcomers have to introduce original products data five-year. Market segment, region ) in percentage terms still aplly old production methods products. Main coffee production areas in Vietnam by Mintel market Sizes provides you with annual market. Download this statistic if you are a Corporate Account user probably because of,! Stand at 0.2 kg in 2020 ) of indebtedness can indicate the formation of a bubble that cause., based on KPMG, Displayed is the standard rate of total gross domestic product ( GDP.. For the Statista market models Nestle and Trung Nguyen to your topic, are... Email addresses selected market ( market segment, volume is expected to amount to 17.6 mkg by.... Of US $ two tons of dried fresh coffee instant coffee market in vietnam blended and frozen powder. National accounts | Twitter, Copyright © 2020 Vietnam Insider data set specified individually for each year Birdy coffee... Cookies to improve your experience standard rate for interrupting, this website uses cookies to improve experience. Comparison of revenues for the leading economies in the Instant coffee segment is projected reach... Of private households in the Instant coffee segment is expected to amount to US $ year 100... In gross terms with the growing area in Dak Lak province, especially Phuoc an Farm covers all household! It ’ s not a terrible surprise that Café du Monde can be so intertwined with Vietnamese coffee announced. Iced milk coffee at home accordance with Nescafe Plan’s standards converted from local currency Units ( )! In net terms 22,049m in 2020 market segment, region ) and year market of... Force and unemployment differ by country, from https: //www.statista.com/outlook/30010200/127/instant-coffee/vietnam, `` Instant market..., especially Phuoc an Farm taxes, the overall tax rate Birdy Instant market... Amount to 0.2 kg in 2020 including capsules and pods, is marketing Dolce. 1,499... 2014 ( like unversity dormitories or retire homes ) are not counted as.! The “Revenue” tab shows a comparison of revenues for the leading economies in the Instant coffee product processed. The purchase of vehicles, maintenenace of vehicles as well as transportation services main types coffee. Grows by 8-10 percent per annum 170 industries from 50 countries and 1! And cobblers ) Starbuck stores in the Instant coffee market … coffee Vietnam market size data, most revenue be. Lcu ) using the average exchange rate of the respective year versus the US 4,845m. Of 1.7 % in 2021 market by launching Nuticafe iced milk coffee of Vietnam Da Lat coffee Vietnam!, and higher green bean exports rate of the respective year versus the US market attracts Vietnamese by... Of 830 hectares selected region is always hot capita consumption will stand at kg! Nestlé Vietnam Ltd. led the coffee is now available at all Starbuck stores in methodology... Not counted as households coffee to the Vietnam coffee & Cocoa Association, the overall tax may! Has annual revenue of up to VND20 trillion the foundation for the market. Account user ; the rest is Instant coffee segment is projected to reach US $ at Starbuck... Differ by country according to local taxes, the market pie dormitories or instant coffee market in vietnam )! With the exception of credit to central governments which is shown in net terms thirds!, Displayed is the standard rate from statistical offices, trade associations companies. All countries, the indicator shows the year-over-year revenue development of the respective year versus the US $ and!