VIETNAM FOOD PROCESSING INDUSTRY

The global food processing industry is worth more than $ 2,000 billion with over 400,000 enterprises. According to the report of the European Food and Drink Industry, the three leading regions in revenue of global food processing are the EU which accounted for 44%, the United States and China accounted for 20% and 19%, respectively.

The global seafood processing market reached $ 202 billion by 2017 and is expected to reach $ xxx billion by 2023 with a CAGR of 4.3% in the period 2018 – 2023. Global seafood processing trade was expected to reach $ xx.xx billion in 2017, a sharp increase of 20.6% compared to 2016. The United States and Japan are the two countries having the largest processed seafood import turnover in the world in both 2016 and 2017. China and Vietnam are the largest exporters of processed seafood. If China’s turnover grew sharply in 2017, Vietnam’s export turnover was negligible.

Global fruit and vegetable processing market was estimated at xxx.xx billion in 2017 and is forecast to reach $ xxx.xx billion by 2022 with a CAGR of 7.1% in the period 2018 – 2022. North America accounted for the largest market share in terms of value, in 2017, because the fruit and vegetable processing industry was dominated by large companies such as JBT Corporation, Conagra Brands and Dole Food.

The global starch market was estimated to reach 91 million tons in 2016 with a growth rate of 3.8% over 2015. Cornstarch is the most widely produced and used product in the world and is mainly in the food processing industry. China is the second largest starch importer in 2016 and 2017. Thailand’s starch exports have fallen to 4th position in 2017 compared to the second in 2016 due to the unfavorable weather condition, resulting in reducing cassava starch supplies.

In the first quarter of 2018, the production of dried seafood was estimated at xx.xx thousand tons, a slight increase of 3% over the same period of 2017. The production of frozen seafood reached about xxx.x thousand tons, in which fish frozen shrimp reached xx.x thousand tons, frozen squid reached x.xx thousand tons and other frozen seafood reached about xx thousand tons. Meanwhile, the production of canned aquatic products is estimated at xx thousand tons, a slight increase of 5% over the same period of 2017 due to the increase in demand of some export markets (USA, EU) with main products is canned tuna.

Processed meat products exported in Q1/2018 was estimated at $ x.xx million, up 20% over the same period of 2017, the main export market of Vietnam is Japan. Exports of processed fruits and vegetables was estimated at $ xxx.xx million, an increase of 15% over the same period of 2017, in which only 6.6% of total fruit and vegetable export turnover of Vietnam.

For other products such as confectionery, ready-to-eat food, noodles, consumption and production was seen growth in 1/2018 compared to the same period of 2017, except for sugar group that had fallen due to the difficulties in 2017/2018 season.

Abbreviation
Executive summary
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
2. World market
2.1 Definition and classification
2.2. Food processing industry overview
2.3 Major groups in the industry
2.3.1 Processed seafood
2.3.2 Processed meat
2.3.4 Fresh and processed fruit-vegetables
2.3.5 Processed starch
3. Vietnam market
3.1 History of industry formation and development
3.2. Major groups in the industry
3.2.1 Processed seafood
3.2.2 Canned meat and other meat products processing
3.2.3 Fresh and processed fruit-vegetables
3.2.4 Processed starch
3.2.5 Other food (sugar, confectionery, noodle, ready-made food)
4. Outlook and forecast
4.1 Industry development planning
4.2 Outlook
5. Enterprise analysis
5.1 Enterprise introduction
5.2 Financial analysis

Quang Ngai Sugar JSC
Dabaco Vietnam JSC
Asia Food JSC
Uniben JSC
Masan North Co
Fococev Vietnam JSC
Vifon JSC
Vietnam Flour Industry JSC
Vietnam Food Industry JSC
Bibica JSC

List of figures
Figure 1: GDP growth rate by quarter, 2015 – Q1/2018
Figure 2:  GDP at current prices and GDP per capita, 2013 – Q1/2018
Figure 3:  Consumption structure in Vietnam, 2017
Figure 4:  Industrial production value of food processing and producing industry, 2009 – 2017
Figure 5:  Industrial production index of food processing industry, 2012 – Q1/2018
Figure 6:  Consumer Confidence Index by quarter, 2014 – Q4/2017
Figure 7:  Retails sales of goods, 2010 – Q1/2018
Figure 8:  Monthly CPI fluctuation 2014 – 3/2018
Figure 9:  Total disposable income and household expenditures, 2010–2017f
Figure 10:  Retail sales in Vietnam 2011–2017F
Figure 11:  FDI capital in agriculture investment, 2009 – Q1/2018
Figure 12:  FDI Structure in agriculture, 2015
Figure 13:  The structure of the food processing industry
Figure 14:  Value chain of the food processing industry
Figure 15:  Proportion of food consumption in the world, 2016
Figure 16:  The structure of processed meat consumption in the world, 2016
Figure 17:  Turnover of food processing market in the world 2014 – 2019F
Figure 18:  The proportion of ready-to-eat food consumption, 2016
Figure 19:  Global fish production, 2010 – 2017e
Figure 20:  Global seafood trade, 2008 – 2017e
Figure 21:  Global production of main types of meat, 2013 – 2017f
Figure 22:  Global consumption of main types of meat, 2010 – 2017f
Figure 23:  Global vegetables production, 2009 – 2016
Figure 24:  Top largest fresh vegetable – fruit producing countries in the world, 2016
Figure 25:  Scale of global vegetable fruit processing market, 2010 – 2022F
Figure 26:  Structure of global processed vegetable fruit consumption market, 2015
Figure 27:  Structure of processed fruit and vegetables by variety, 2015
Figure 28:  Global cereal production in 2016/2017 by type
Figure 29:  Production and consumption of global cereals by season, 2011/12 – 2016/17
Figure 30:  World’s top largest cereal producing countries, 2015
Figure 31:  Global starch production capacity by type of material, 2015
Figure 32:  Application structure of starch, 2016
Figure 33:  Production structure of corn starch products in the world, 2016
Figure 34:  Number of enterprises and employees in dried and canned seafood processing, 2010 – 2016
Figure 35:  Distribution of dried and canned seafood processing enterprises by region, 2010 – 2016
Figure 36:  Revenue and profit of dried and canned seafood processing industry, 2010 – 2016
Figure 37:  Investment capital and fixed assets of dried and canned seafood processing, 2010 – 2016
Figure 38:  Dried seafood production, 2010 – Q1/2018e
Figure 39:  Canned seafood production, 2010 – Q1/2018e
Figure 40:  Frozen seafood production, 2011 – Q1/2018e
Figure 41:  Consumption value of canned seafood, 2010 – Q1/2018e
Figure 42:  Consumption value of dried seafood, 2010 – Q1/2018e
Figure 43:  Export of processed and preserved seafood products, 2012 -Q1/2018e
Figure 44:  Import of processed and preserved seafood products, 2012 – Q1/2018e
Figure 45:  Number of enterprises and employees in meat products processing industry, 2010 – 2016
Figure 46:  Distribution of meat processing enterprises, 2010 – 2016
Figure 47:  Revenue and profit of meat products processing industry, 2010 – 2016
Figure 48:  Investment capital and fixed assets of meat product processing industry, 2010 – 2016
Figure 49:  Production process of canned meat
Figure 50:  Production process of sterilized sausage
Figure 51:  Canned meat production, 2010 – Q1/2018e
Figure 52:  Production of other processed meat products, 2010 – Q1/2018e
Figure 53:  Consumption value of meat products, 2010 – Q1/2018e
Figure 54:  Market share of the top 10 processed seafood and meat consuming enterprises, 2017
Figure 55:  Vissan’s market share in processed meat sector, 2016
Figure 56:  Import turnover of processed meat products,  2010 – Q1/2018e
Figure 57:  Export turnover of processed meat products, 2010 – Q1/2018e
Figure 58:  Number of enterprises and employees in fruits and vegetables processing sector, 2010 – 2016
Figure 59:  Distribution of fruit and vegetable processing enterprises by region, 2010 – 2016
Figure 60:  Revenue and profit of fruit and vegetable processing sector, 2010 – 2016
Figure 61:  Investment capital and fixed assets of fruits and vegetables processing sector, 2010 – 2016
Figure 62:  Production output of canned vegetables and fruits, 2010 – Q1/2018e
Figure 63:  Production output of fresh vegetable juice, 2010 – Q1/2018e
Figure 64:  Consumption value of canned and dried fruit vegetables in Vietnam, 2010 – Q1/2018e
Figure 65:  Market share of processed fruits and vegetables, 2017
Figure 66:  Export turnover of processed fruits and vegetables, 2010 – Q1/2018e
Figure 67:  Export structure of vegetables and fruits of Vietnam to EU, 2016
Figure 68:  Export market structure of processed fruit and vegetables, 2016
Figure 69:  Import value of processed fruits and vegetables, 2010 – Q1/2018e
Figure 70:  Import market structure of processed fruit and vegetables, 2016
Figure 71:  Number of enterprises and employees in starch and starch product processing sector, 2010 – 2016
Figure 72:  Distribution of starch and starch product processing enterprises by region, 2010 – 2016
Figure 73:  Revenue and profit of starch and starch product processing sector, 2010 – 2016
Figure 74:  Investment Capital and fixed assets of starch and starch product processing sector, 2010 – 2016
Figure 75:  Production of starch and starch products, 2010 – Q1/2018e
Figure 76:  Starch production structure in Vietnam, 2017
Figure 77:  Consumption value of starch and starch products, 2010 – Q1/2018e
Figure 78:  Use of cassava starch in Vietnam, 2016
Figure 79:  Export output of cassava starch over the years, 2013 – Q1/2018
Figure 80:  Export of cassava starch by month, 2017 – 2018
Figure 81:  Export market structure of cassava starch, Q1/2018
Figure 82:  Export price of cassava starch in Vietnam by month, 2016 – 2017
Figure 83:  Import of starch and starch products, 2010 – 2017
Figure 84:  Import volume of cassava starch, 2013 – 2016
Figure 85:  Number of enterprises and employees in the other food processing industry, 2010 – 2016
Figure 86:  Distribution of other food processing enterprises by region, 2010 – 2016
Figure 87:  Number of enterprises and employees in the other food processing industry, 2010 – 2016
Figure 88:  Investment capital and fixed assets of other food processing industry, 2010 – 2016
Figure 89:  Consumption of instant noodles in Vietnam, 2010 – 2016
Figure 90:  Consumption value of noodle products, 2010 – Q1/2018e
Figure 91:  Market share of instant noodles in rural areas, 2014 – 6M/2016
Figure 92:  Export turnover of noodle products, 2012 – Q1/2018e
Figure 93:  Import turnover of noodle products, 2012 – Q1/2017e
Figure 94:  Production of other processed food, 2010 – Q1/2018e
Figure 95:  Consumption value of other processed food, 2011 – Q1/2018e
Figure 96:  Export of processed food, 2015 – Q1/2018e
Figure 97:  Import of processed food, 2012 – Q1/2018e
Figure 98:  Confectionery production, 2011 – Q1/2018e
Figure 99:  Structure of confectionery production by output, 2016
Figure 100:  Fluctuation of sugar prices, 2/2013 – 4/2018
Figure 101:  Fluctuation of wheat prices, 9/2012 – 4/2018
Figure 102:  Consumption value of confectionery in Vietnam, 2011 – Q1/2018e
Figure 103:  Top 10 brands having the most advertisement in confectionery sector, 4M/2017
Figure 104:  Import of confectionery and cereal products of Vietnam, 2010 – Q1/2018e
Figure 105:  Import market structure of confectionery and cereal products, Q1/2018
Figure 106:  Export of confectionery and cereal products of Vietnam, 2010 – Q1/2018
Figure 107:  Export market structure of confectionery and cereal products, Q1/2018
Figure 108:  Sugar production by season, 2009/2010 – 2017/2018e
Figure 109:  Production process of sugar extracted from sugarcane
Figure 110:  Situation of sugar factories in Vietnam, 2015/2016
Figure 111:  Sugar production cost, 2015
Figure 112:  Sugar consumption in Vietnam, 2010 – 2018e
Figure 113:  Sugar imports, 2012 – 11M/2017
Figure 114:  Sugar import markets of Vietnam, 11M/2017
Figure 115:  Sugar exports, 2012 – 11M/2017
Figure 116:  Gross profit margin, 2015-2016
Figure 117:  Selling expenses/Net revenue ratio
Figure 118:  Administrative and general expenses/ net revenue
Figure 119:  Self-financing ratio, 2015 – 2016
Figure 120:  Current ratio, 2015-2016
Figure 121:  Average number of days of receivable, 2016
Figure 122:  Average number of days of inventory, 2016
Figure 123:  Net profit margin, 2015 – 2016
List of tables
Table 1: Top largest importers of processed and preserved seafood products, Q1/2018
Table 2: Top largest importers of processed meat products, Q1/2018
Table 3: Top largest noodle exporting enterprises, Q1/2018
Table 4: Top largest noodle importing enterprises, Q1/2018
Table 5: Top largest processed food exporting enterprises, Q1/2018
Table 6: Top largest processed food importing enterprises Q1/2018