The demand for bottled water in Vietnam has been growing steadily over the past few years and the market is expected to reach around $2.6 billion by 2021. Key players in the industry include Vinh Hao, Suntory Pepsi, Coca-Cola and Nestle. The market is highly competitive, with several local and international players vying for market share. The COVID-19 pandemic has also led to an increase in demand for bottled water as consumers become more health conscious.
The raw materials used to produce bottled water in Vietnam include PET resin, labels, caps and water. Downstream activities in the Vietnamese bottled water industry include the distribution and sale of bottled water to various customers such as supermarkets, convenience stores, hotels and restaurants.
Vietnam imports large quantities of bottled water from other countries, with major suppliers including Thailand, Malaysia and China. The country also exports bottled water to other countries, with major markets including Cambodia and Laos.
In 2022,Vietnam's bottled water sales revenue reached USD 544 million, up 6.2% YoY, with a CAGR of more than 10% to 11.18% from 2018-2022, the size of Vietnam's bottled water market has grown steadily in recent years. Due to the impact of the epidemic, overseas sales revenue of bottled water for Vietnamese companies has been declining since 2020, with decreases of 24.8% and 3.4% in 2020 and 2021, respectively, and overseas sales began to recover in 2022 with a year-on-year growth of 2.5%. The analyst analyzes that the bottled water industry in Vietnam will continue to grow in the future as the epidemic fades, people's health aspirations improve and revenues grow.
According to the analyst, the sales revenue of bottled water will reach US$1,747.92 million in 2032 and the CAGR in 2023 to 2032 is 10.0%.
Topics Covered
- Vietnam Bottled Water Industry Overview
- The economic and policy environment of Vietnam's bottled water industry
- What is the impact of COVID-19 on the Vietnamese bottled water industry?
- Vietnam bottled water industry market size, 2023-2032
- Analysis of major Vietnamese bottled water industry producers
- Key Drivers and Market Opportunities in Vietnam's Bottled Water Industry
- What are the key drivers, challenges and opportunities for the bottled water industry in Vietnam during the forecast period of 2023-2032?
- Which companies are the key players in the Vietnam bottled water industry market and what are their competitive advantages?
- What is the expected revenue of Vietnam bottled water industry market during the forecast period 2023-2032?
- What are the strategies adopted by the key players in the market to increase their market share in the industry?
- Which segment of the Vietnam bottled water industry market is expected to dominate the market by 2032?
- What are the main negative factors facing the bottled water industry in Vietnam?
Companies Mentioned
- Vinh Hao Mineral Water
- Suntory PepsiCo
- Nestlé Waters
- Coca-Cola
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 60 |
| Published | May 2023 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 741.29 Million |
| Forecasted Market Value ( USD | $ 1747.9 Million |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 4 |
