(MENAFN- EIN Presswire)
CHICAGO, NY, UNITED STATES, November 25, 2024 /EINPresswire / -- The Vietnam beer
market , valued at US$ 7,526.3 million in 2023, is projected to experience significant growth, surpassing a market valuation of US$ 14,154.2 million by 2032. With a robust compound annual growth rate (CAGR) of 7.27% during the forecast period from 2024 to 2032, the beer
industry in Vietnam is set to witness remarkable expansion driven by evolving consumer preferences, increasing disposable incomes, and a growing demand for premium products.
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Vietnam, with its vibrant beer culture, has seen an upsurge in beer consumption, particularly among the younger population who are seeking diverse beer flavors and premium brands. The expansion of the retail sector, increased penetration of international beer brands, and a rise in social drinking occasions further support the market's growth trajectory.
The beer market in Vietnam is characterized by a growing preference for craft beer, innovation in packaging, and the rising popularity of low-alcohol beers. Additionally, government initiatives promoting the food and beverage sector, coupled with a favorable economic environment, are expected to foster further growth in the coming years.
The report highlights key factors fueling market growth, including the rise in tourism, increased domestic beer production, and the popularity of beer in social gatherings. With a large consumer base, expanding distribution networks, and an appetite for diverse beer options, Vietnam's beer market offers significant opportunities for both local and international players.
For more information on the Vietnam beer market and detailed insights into growth prospects, trends, and key players, please refer to the full market report:-
Top Players in Vietnam Beer Market
.AB Inbev
.Carlsberg Vietnam
.Hanoi Beer Alcohol and Beverage Corporation
.Heineken Vietnam
.Saigon Beer Alcohol Beverage Corporation (Sabeco)
.Sapporo Breweries
.Halong Beer and Beverage
.Other Prominent Players
Market Segmentation Overview:
By Type
.Lager
.Ale
.Stout
.Wheat
.Others
By Packaging Type
.Bottle
.Can
.PET
By Brewing Type
.Macro Brewery
.Micro Brewery
.Craft Brewery
By Distribution Channel
.Online
.Offline
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