Vietnam's Prepared Food Stuffs; Beverages, Spirits, Tobacco Market
Vietnam has emerged as a significant player in the global market for prepared foodstuffs, with a diverse range of products such as beverages, spirits, tobacco, and more. According to Vietnam import export data, Vietnam's export of prepared food items reached an impressive value of $8.9 billion, depicting the country's position as a key supplier in this sector. Notably, China emerged as the leading importer of prepared foodstuffs from Vietnam during this period.
Among the various categories of prepared food items, preparations of meat for marine animals constituted a substantial portion of Vietnam's exports, amounting to $2.46 billion in 2023. Major markets for these exports included the United States, Japan, South Korea, Australia, and Singapore. Leading companies driving these exports included Soc Trang Seafood, Agrex Saigon Foodstuffs, and Trung Son Hung Yen Foodstuff.
Furthermore, Vietnam's exports of sugar and confectionery items reached $289 million in 2023, with significant trade flowing to countries such as China, Singapore, the Philippines, and the United Kingdom. Notable contributors to this segment included Gia Gia Nguyen, Perfetti Van Melle, and Thanh Thanh Cong.
In the cocoa category, Vietnam recorded exports valued at $3.7 million in 2023 as suggested by Vietnam export data. The key destinations include Japan, Belgium, China, Singapore, and South Korea. Noteworthy exporters in this sector included Puratos Grand-place, Dobla Asia, and CJ Foods.
The export of cereals and flour preparations from Vietnam amounted to $1.1 billion in 2023, with demand observed from countries such as the United States, the United Arab Emirates, Australia, Japan, and Cambodia. Leading exporters in this category included Dai Phat Gia Lai, Agrex Saigon Foodstuffs, and GN Foods.
Vegetables, fruits, and nuts preparations constituted a significant export category for Vietnam, with exports reaching $1.76 billion in 2023. Key destinations for these products included China, the United States, Singapore, Japan, and South Korea. Notable exporting companies included Olam Vietnam Food Processing, Dan On Foods Corporation, and Koikeya Vietnam.
Additionally, Vietnam exported miscellaneous edible preparations worth $1.2 billion in 2023, with major markets including the United States, Cambodia, Thailand, the Philippines, and Japan. Prominent exporters in this segment included Anheuser-Busch InBev, Nam Viet Foods & Beverages, and International Dairy Products.
In the beverages and spirits category, Vietnam exported products worth $579 million in 2023, with top destinations including the United States, Cambodia, Thailand, the Philippines, and Japan. Furthermore, Vietnam's exports of animal waste residue totaled $1.18 billion in 2023, with China, Cambodia, Malaysia, the United States, and the Marshall Islands being the primary importers. Key Vietnamese companies in this segment included UNI President Vietnam, Duong Vo, and Sheng Long Bio.
Finally, Vietnam's tobacco exports amounted to $422 million in 2023, with major destinations including the United Arab Emirates, Singapore, Hong Kong, Brunei, and Malaysia. Leading exporters in this category included Saigon Tobacco, Thang Long Tobacco, and Khanh Viet Corporation.
Overall, Vietnam's prepared food market depicts robust growth and offers lucrative opportunities for businesses operating in various segments of the industry. With its strategic geographical location, competitive pricing, and commitment to quality, Vietnam continues to strengthen its position as a key player in the global food trade. Through Global import export data provider market intelligence, Vietnamese companies can expand their food processing business across the global market.
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