Vietnam Coffee Market: Industry Analysis and Forecast (2024-2030) by Source, Type, Process, and Region

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Vietnam Coffee Market size is volume at 36.51 million 60 kilograms in 2023. Coffee will encourage a great deal of transformation in Beverage Sector in Vietnam.

The Vietnam Coffee Market, sized at 36.51 million 60-kilogram bags in 2023, is undergoing rapid transformation, fueled by changing consumer preferences and lifestyle trends. Coffee plays a crucial role in Vietnam's beverage sector, with its deep-rooted cultural and historical significance.

Vietnam Coffee Market Definition:

Coffee is a brewed beverage made from roasted coffee beans, the seeds of coffee cherries. In Vietnam, coffee beans are primarily of the Robusta variety, which dominates the domestic market and contributes significantly to exports. Vietnam's coffee sector is analyzed by sourcetypeprocess, and geography in this report.

Access comprehensive details about this research at this link:https://www.stellarmr.com/report/req_sample/Vietnam-Coffee-Market/125

Vietnam Coffee Market Dynamics:

Vietnam's busy lifestyle and long working hours have led to an increasing shift from freshly ground coffee to convenient instant coffee blends. This is particularly notable among Millennials, driving consistent growth in per capita soluble coffee consumption compared to other Asian markets.

Despite being the second-largest coffee producer globally, Vietnam consumes only 10% of its production domestically, with 90% exported as green coffee. Street coffee is widely accessible, priced as low as $0.5, making it affordable across all classes of society.

The Vietnamese coffee culture traces its origins back to French colonial times, with coffee becoming ingrained in the country’s social fabric. Over time, brands like Nestle and Trung Nguyen have gained traction, especially with the introduction of instant coffee powders. However, domestic coffee growers face stiff competition from foreign brands, making government support crucial for sustaining local players.

Key Growth Drivers:

  • Shift in Consumer Preferences: As lifestyles in Vietnam become busier, the demand for convenient coffee formats like instant blends has surged.
  • Increase in Disposable Income: Rising incomes, particularly among younger generations, are leading to higher consumption of coffee at cafés and restaurants.
  • Growing Café Culture: Young adults are driving an increase in demand for coffee through café visits and the preference for novel coffee blends.
  • Urbanization and E-commerce: Expanding cities and online retail sales are making coffee more accessible to Vietnamese consumers.
  • Hospitality Industry Expansion: A growing hospitality sector, driven by tourism and corporate labor trends, is further boosting coffee demand.

Vietnam Coffee Market Segment Analysis:

  • By Source:

    • Robusta (dominates with a 78% market share in 2023)
    • Arabica

    Vietnam leads the world in Robusta production, accounting for 94% of national coffee output. With its high yield and profitability, Robusta has become synonymous with Vietnam’s coffee identity.

  • By Type:

    • Instant Coffee
    • Ground Coffee
    • Whole Grain
    • Others
  • By Process:

    • Caffeinated
    • Decaffeinated

Access comprehensive details about this research at this link:https://www.stellarmr.com/report/req_sample/Vietnam-Coffee-Market/125

Key Players in the Vietnam Coffee Market:

  1. Nestle
  2. Bien Hoa Vinacafe Joint Stock Company
  3. Len's Coffee LLC
  4. Starbucks Coffee Company
  5. Phuc Long Trading Production Company Limited
  6. Anni Coffee
  7. Highlands Coffee

Vietnam Coffee Market Scope:

  • Market Size (2023): USD 36.51 million
  • Forecasted Market Size (2030): USD 62.53 million
  • CAGR (2024-2030): 7.99%
  • Base Year: 2023
  • Forecast Period: 2024-2030

Competitive Landscape:

The Vietnam coffee market is highly competitive, with major foreign and domestic players contributing to its growth. The report provides Porter's Five Forces and PESTEL Analysis to help stakeholders understand the competitive environment, market dynamics, and strategic business opportunities.

Forecasted Trends and Opportunities:

  • Rise in Instant Coffee Demand: Convenience is becoming a key factor, with instant coffee products (2 in 1, 3 in 1, and 4 in 1) seeing increased demand.
  • Growing Consumer Base: The younger generation, particularly teens and young adults, are fueling market growth, especially for innovative and easy-to-make coffee products.
  • Fluctuations in Coffee Production: Despite high production levels, challenges such as weather uncertainties and strict regulations may pose potential barriers to market growth.

Conclusion:

The Vietnam Coffee Market is positioned for steady growth, driven by rising consumption, changing consumer habits, and urbanization. However, domestic players must navigate challenges like competition from foreign brands and climate variability to maintain market stability. The forecast period (2024-2030) will see further expansion, especially in the Robusta segment, backed by increased consumption and innovative product offerings.

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size Forecast by Different Segment | 2024-2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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