Vietnam: Food Processing Ingredients

Vietnam imported $13.1 billion in consumer-oriented products in 2020. A young population, growing middle class and rapid urbanization are driving increased demand in the food and beverage sector. Food retail revenue and the food processing industry showed growth in 2020 but at a slower pace than the previous year, due to the COVID-19 pandemic. Food delivery and online shopping revenue increased as consumers switched to online options due to COVID-19. Promising food processing ingredients include tree nuts, minced pork, dairy products, other edible bovine products, processed fruits, peanuts, wheat, soybeans, and potatoes.