VIETNAM FOOD PROCESSING INDUSTRY

The global food processing industry are valued at over 2,000 billion VND with more than 400,000 enterprises. The global fishery processing market is expected to achieve 260 billion USD in 2023 with a CAGR of 4.3% in the period of 2018 – 2023. The global processed fruits and vegetables market is forecast to achieve 346.05 billion USD in 2022 with a CAGR of 7.1% in the period of 2018 – 2022.

Regarding the domestic market, in Q1/2019, the processing of dried fish increased by 7.05% compared to the same period of 2018. The consumption value of dried fish in Q1/2019 rose 6.7% over the same period last year due to the increasing demand of tourism. Besides, the consumption value of canned fish also went up by 22% in comparison with the same period of 2018, in which canned tuna was the most popular product.

In Q1/2019, the canned meat volume only increased by 8.3% compared to 2018. At that time, African swine fever (ASF) broke out and spread across many local areas, leading to a sharp decrease in products processed from pork. The consumption value of processed meat in Q1/2019 declined slightly by 3.6% in comparison with the same period of 2018.

The volume of starch and products made from starch in Q1/2019 rose 0.9% over the same period last year due to the bleak operation. The consumption value of starch and products made from starch in Q1/2019 increased by 3.2% compared to the same period of 2018 due to the rising income of residents as well as the trend of using safe and high-quality products…

Abbreviation
Executive summary
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Trade agreements
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
2.3.3 Fresh and processed fruit-vegetables
2.3.4 Processed starch
2.4 Processed food markets in some big countries
2.5 Big companies in food processing industry
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. Industry risks
4.1 SWOT analysis
4.2 Risk analysis
5. Outlook and forecast
5.1 Industry development planning
5.2 Outlook
5.3 Forecast
6. Enterprise analysis
6.1 Enterprise introduction
6.2 Fiancial analysis
7. Appendix of financial statements

Acecook Vietnam JSC
Vinh Hoan Joint Stock Company
Bien Dong Seafood,. Co.Ltd
Quang Ngai sugar JSC
Orion Vina Food Co., Ltd
Minh Phu Seafood Corp
Masan cónumer
Vedan (Vietnam) Enterprise Corp., Ltd
International Development & Investment Corporation

List of figures
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: GDP at current prices and GDP per capita, 2013 – 2018
Figure 3: Industrial production value of food processing and producing industry, 2009 – 2017
Figure 4: Consumption structure in Vietnam, 2018
Figure 5: Industrial production index of food producing and processing industry by month, 2012 – Q1/2019
Figure 6: Consumer Confidence Index, Q1/2014 – Q4/2018
Figure 7: Retails sales of goods, 2010 – 2018
Figure 8: Monthly CPI fluctuation 1/2015 -3/2019
Figure 9: Retail sales in Vietnam 2011–2017F
Figure 10: Total disposable income and household expenditures, 2010–2017f
Figure 11: FDI capital in agriculture investment, 2009 – Q1/2018
Figure 12: FDI Structure in agriculture, 2015
Figure 13: Proportion of food consumption in the world, 2016
Figure 14: The structure of processed food consumption in the world, 2016
Figure 15: Turnover of food processing market in the world, 2014 – 2019F
Figure 16: The proportion of ready-to-eat food consumption, 2016
Figure 17: Market share of seafood processing machinery and equipment by region, 2017
Figure 18: Market share of seafood processing machinery by product type, 2017
Figure 19: Global fish production, 2010 – 2017e
Figure 20: Global seafood trade, 2008 – 2017e
Figure 21: Processed seafood trade, 2012 – 2017e
Figure 22: Top largest seafood importing countries, 2016 – 2017 (HS 1604)
Figure 23: Top largest seafood exporting countries, 2016 – 2017 (HS 1604)
Figure 24: Global production of main types of meat, 2013 – 2017f
Figure 25: Global consumption of main types of meat, 2010 – 2017f
Figure 26: Global consumption of main types of meat, 2010 – 2017f
Figure 27: Processed meat structure by category 2016
Figure 28: Global processed meat trade, 2012 – 2017e
Figure 29: Top largest processed meat importing countries, 2016 – 2017 (HS 1602)
Figure 30: Top largest processed meat exporting countries, 2016 – 2017 (HS 1602)
Figure 31: Global vegetables production, 2009 – 2016
Figure 32: Structure of vegetable production by country, 2017
Figure 33: Scale of global fruit – vegetable processing market, 2010 – 2022F
Figure 34: Structure of global processed fruit – vegetable consumption market, 2015
Figure 35: Structure of processed fruit and vegetables by variety, 2015
Figure 36: Global processed fruit and vegetable trade, 2012 – 2017e
Figure 37: Top largest fruit and vegetable exporters, 2016 – 2017
Figure 38: Top largest fruit and vegetable importers, 2016 – 2017
Figure 39: Production and consumption of global cereals by season,
2011/12 – 2016/17
Figure 40: Global cereal production in 2017/2018 by type
Figure 41: World’s top largest cereal producing countries, 2017
Figure 42: Global starch production capacity by type of material, 2015
Figure 43: Application structure of starch, 2017
Figure 44: Production structure of corn starch products in the world, 2016
Figure 45: Top largest starch importing countries, 2016 – 2017
Figure 46: Top largest starch exporting countries, 2016 – 2017
Figure 47: Revenue of China’s food processing industry, 2011 – 2015
Figure 48: Revenue of China’s processing meat consumption 2010 – 2017
Figure 49: Market share of China’s processed meat consumption by brand, 2017
Figure 50: Structure of China’s processed meat consumption by type, 2017
Figure 51: Market share of China’s processed meat consumption by manufacture, 2017
Figure 52: Sales of processed seafood consumption in China, 2010 – 2017f
Figure 53: Processed seafood consumption per capita in China, 2010 – 2017f
Figure 54: Sales of top US meat processing companies, 2016
Figure 55: Sales of processed meat consumption in the United States, 2010 – 2017
Figure 56: Retail sales of processed meat products in the United States, 2017
Figure 57: Consumption structure of US processed meat by brand, 2017
Figure 58: Consumption structure of US processed meat by type, 2017
Figure 59: Consumption structure of US processed meat by manufacture, 2017
Figure 60: Consumption sales and output of US’s processed seafood, 2010 – 2017f
Figure 61: Precessed seafood consumption per capita in thu US, 2010 – 2017f
Figure 62: Labor structure in the US food and beverage industry, 2015
Figure 63: Top 10 companies having the largest revenue from processed food in the United States and Canada, 2016 – 2017
Figure 64: Number of enterprises and employees in dried and canned seafood processing, 2010 – 2017
Figure 65: Distribution of dried and canned seafood processing enterprises by region, 2010 – 2017
Figure 66: Revenue and profit of dried and canned seafood processing industry, 2010 – 2017
Figure 67: Investment capital and fixed assets of dried and canned seafood processing, 2010 – 2017
Figure 68: Seafood production from fishing and farming, 2009 – Q1/2019
Figure 69: Dried seafood production, 2010 – Q1/2019e
Figure 70: Canned seafood production, 2010 – Q1/2019e
Figure 71: Consumption value of canned seafood, 2010 – Q/2019e
Figure 72: Consumption value of dried seafood, 2010 – Q1/2019e
Figure 73: Market share of processed seafood by manufacturer, 2018
Figure 74: Market share of processed seafood by brand, 2018
Figure 75:Export of processed and preserved seafood products, 2012 -Q1/2019e
Figure 76: Market structure of imported processed seafood products, 2018
Figure77: Market structure of imported processed seafood products, 2018
Figure 78: Structure of exported seafood processing market, 2018
Figure 79: Structure of exported seafood processing market, 2018
Figure 80: Distribution of meat processing enterprises, 2010 – 2017
Figure 81: Revenue and profit of meat products processing industry, 2010 – 2017
Figure 82: Investment capital and fixed assets of meat product processing industry, 2010 – 2017
Figure 83: Meat production anually, 2010 – Q1/2019
Figure 84: Pork price fluctuation, 2016 – 3/2019
Figure 85: Canned meat production, 2010 – Q1/2019e
Figure 86: Production of other processed meat products, 2010 – Q1/2019e
Figure 87: Market share of processed meat by brand, 2018
Figure 88: Consumption value of meat products, 2010 – Q1/2019e
Figure 89: Market share of processed meat by company, 2018
Figure 90: Processed meat consumption structure by product type, 2018
Figure 91: Vissan’s market share in processed meat sector, 2016
Figure 92: Import turnover of processed meat products, 2010 – Q1/2019e
Figure 93: Structure of imported meat market, 2018
Figure 94: Export of processed meat products, 2010 – Q1/2019e
Figure 95: Structure of exported meat market, 2018
Figure 96: Structure of exported meat market, 2018
Figure 97: Distribution of fruit and vegetable processing enterprises by region, 2010 – 2017
Figure 98: Distribution of fruit and vegetable processing enterprises by region, 2010 – 2017
Figure 99: Investment capital and fixed assets of fruits and vegetables processing sector, 2010 – 2017
Figure 100: Cultivated area of fruit trees in Vietnam, 2008 – 2017
Figure 101: Production output of canned vegetables and fruits, 2010 – Q1/2019e
Figure 102: Production output of fresh vegetable juice, 2010 – Q1/2019e
Figure 103: Consumption value of processed fruit -vegetables in Vietnam, 2010 – Q1/2019e
Figure 104: Market share of processed fruits and vegetables consumption by brand, 2018
Figure 105: Market share of processed fruits and vegetables consumption, 2018
Figure 106: Export turnover of processed fruits and vegetables, 2010 – Q1/2019e
Figure 107: Export structure of vegetables and fruits of Vietnam to EU, 2016
Figure 108: Export structure of processed fruit and vegetables, 6M/2018
Figure 109: Import value of Viet Nam’s processed fruits and vegetables, 2010 – Q1/2019e
Figure 110: Import market structure of processed fruit and vegetables, 2016
Figure 111: Number of enterprises and employees in starch and starch product processing sector, 2010 – 2017
Figure 112: Distribution of starch and starch product processing enterprises by region, 2010 – 2017
Figure 113: Revenue and profit of starch and starch product processing sector, 2010 – 2017
Figure 114: Investment Capital and fixed assets of starch and starch product processing sector, 2010 – 2017
Figure 115: Cultivated area and output of cassava, 2010 – 2018
Figure 116: Production of starch and starch products, 2010 – Q1/2019e
Figure 117: Starch production structure in Vietnam, 2018
Figure 118: Consumption value of starch and starch products, 2010 – Q1/2019e
Figure 119: Use structure of cassava starch in Vietnam, 2016
Figure 120: Top 20 exporters of cassava starch, 2018
Figure 121: Export output of cassava starch, 2013 – Q1/2019
Figure 122: Export market structure of cassava starch by category, 2017 – 2019
Figure 123: Export market structure of cassava starch, Q1/2019
Figure 124: Import volume of cassava starch, 2017 – 2T/2019
Figure 125: Number of enterprises and employees in the other food processing industry, 2010 – 2017
Figure 126: Distribution of other food processing enterprises by region, 2010 – 2017
Figure 127: Number of enterprises and employees in the other food processing industry, 2010 – 2017
Figure 128: Investment capital and fixed assets of other food processing industry, 2010 – 2017
Figure 129: Production of kinds of noodles, 2010 – Q1/2019
Figure 130: Consumption of instant noodles in Vietnam, 2010 – 2018
Figure 131: Consumption value of noodle products, 2010 – Q1/2019
Figure 132: Market share of noodles consumtption in Viet Nam by manufacture, 2018
Figure 133: Market share of noodles consumtption in Viet Nam by brand, 2018
Figure 134: Export turnover of noodle products, , 2012 – Q1/2019e
Figure 135: Import of noodle products, 2012 – Q1/2019e
Figure 136: Production of ready-made food, 2010 – Q1/2019e
Figure 137: Market share of ready-made food consumption by brand, 2018
Figure 138: Consumption value of ready –made food, 2010 – Q1/2019e
Figure 139: Market share of ready-made food consumption by manufacture, 2018
Figure 140: Export of ready-made food, 2015 – Q1/2019e
Figure 141: Import of ready-made food, 2012 – Q1/2019e
Figure 142: Confectionery production, 2011 – Q1/2019e
Figure 143: Fluctuation of sugar prices, 10/2013 – 3/2019
Figure 144: Fluctuation of wheat prices, 10/2013 – 12/2018
Figure 145: Market share of candy consumption by brand, 2018
Figure 146: Consumption value of confectionery in Vietnam, 2011 – Q1/2019e
Figure 147: Market share of candy consumption by company, 2018
Figure 148: Import of confectionery and cereal products of Vietnam, 2010 – Q1/2019
Figure 149: Import market structure of confectionery and cereal products, Q1/2019
Figure 150: Export of confectionery and cereal products of Vietnam, 2010 – Q1/2019
Figure 151: Export market structure of confectionery and cereal products, Q1/2019
Figure 152: Sugar production by season, 2009/2010 – 2018/2019
Figure 153: Comparison of imported sugar from Thailand and that of Vietnam
Figure 154: Sugarcane production, 2009 – 2017
Figure 155: Cultivated area of sugarcane, 2010 – 2017
Figure 156: Sugar consumption in Vietnam, 2010 – 2018e
Figure 157: Inventories of sugar sector, 2004 – 9M/2018
Figure 158: Sugar import of Vietnam, 2012 – 2015 – 2T/2019
Figure 159: Structure of sugar import market 2M/2019
Figure 160: Sugar export, 2012 – 11M/2017
Figure 161: Net revenue and Gross profit, 2017 – 2018
Figure 162: Selling expenses/Net revenue, 2017 – 2018
Figure 163: General and administrative expenses/ net revenue, 2017 – 2018
Figure 164: Self-financing ratio, 2017 – 2018
Figure 165: Solvency ratio, 2017 – 2018
Figure 166: Days of sales outstanding, 2017 – 2018
Figure 167: Days’ sales in invetory, 2017 – 2018
Figure 168: Total asset turnover, 2017 – 2018
Figure 169: Fixed asset turnover, 2017 – 2018
Figure 170: Profit ratio, 2017 – 2018

List of tables
Table 1: Consumption of some types of food per capita in China, 2013 – 2017
Table 2: Import value of processed food products of China, 2012 – 2016 (Unit: 100 USD million)
Table 3: Top largest food and beverage companies in the world, 2017
Table 4: Some processed seafoods to export in 3M/2019
Table 5: Leading enterprises in sausage production in Vietnam
Table 6: Top largest noodle exporting enterprises, Q1/2018
Table 7: Top largest noodle importing enterprises, Q1/2018
Table 8: Top largest processed food exporting enterprises, Q1/2018
Table 9: Top largest ready-made food importing enterprises Q1/2018
Table 10: Production scale of some sugar companies
Table 11: Top highest revenue processed food enterprises, 2018