Kantar Worldpanel - www.kantarworldpanel.com

FMCG Overview 2015 and What could we expect for 2016?

12/04/2016

Key market highlights in 2015 issues:

Positive Economy

Vietnam recorded a GDP growth rate of 6.68% while CPI recorded at low 0.6% versus a year ago.

FMCG Slowdown

FMCG market continues to increase in terms of sales yet momentum continued to slow down versus a year ago.

Not much change in Purchasing Behavior

Consumers seek value for money and are more selective when shopping.

Health & Convenience Trend

Healthy and convenient products keep attracting more new buyers.

Shopper preference for proximity and smaller formats

Street shops (including provision stores, ma&pa) offering proximity still dominate the market. Specialty stores, ministores and online channel are continuously emerging with double digit growth.

Potential trends for 2016?

  • Shoppers get smarter
  • Health & Wellness top of mind
  • Time becoming more precious than ever
  • Consumers spend more for self-indulgence
  • Proximity & Smaller formats are still preferred
  • Hypermarket & Supermarket is back
David Anjoubault – General Manager of Kantar Worldpanel Vietnam comments: “Vietnam is experiencing a strong transformation, both economic and demographic which is changing the needs and behaviors of Vietnamese consumers. We see the emergence of the middle class, and as a result Vietnamese households are better equipped, more and more connected to the Internet and invest in the education of their children to offer them a prosperous future. Overall they are rather optimistic about the future…

However, the daily expenses of consumer goods are and will remain in the coming years, the largest share of their monthly spending. The beverage, dairy, packaged food, personal care and home care categories have seen an exponential development of their offer in recent years. Today, the consumer has access to a wider choice of products and the competition is increasing as fast as the consumer needs, which are becoming more diversified.”
 
*Follow links on the right side of this page to download infographic and press releases in both English and Vietnamese.
What was behind the FMCG slowdown in 2015? And what could we expect for 2016?

What was behind the FMCG slowdown in 2015? And what could we expect for 2016?

Author

David Anjoubault

General Manager - Kantar Worldpanel Vietnam

 

+84-8 3930 6631

Contact the author

DOWNLOAD INFOGRAPHIC EN DOWNLOAD INFOGRAPHIC VN DOWNLOAD PRESS RELEASE EN DOWNLOAD PRESS RELEASE VN

Follow us
Newsletter
Twitter
LinkedIn

Our website uses cookies to improve the user experience.
By continuing to use this site you agree to our use of cookies. [Cookies policy]