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Vietnam Edible Oil Market Poised for $339 Million Growth by 2027: Fueled by Health, Urbanization, and Food Processing Boom: Ken Research
The Vietnam edible oil market offers a delicious concoction of growth potential. Urbanization, rising incomes, and health awareness are the key ingredients fueling the market's expansion. Food processing and premium oil demand add further flavor to the mix. Embracing technology, addressing import dependence, and prioritizing sustainability are the essential spices needed for stakeholders to cook up success in this dynamic market.
Palm Oil
Soy Oil
Coconut Oil
Peanut Oil
Others
Online
Offline
Small Local Grocers
Supermarket
Hypermarket
Convenient store
E-commerce
0-14 Years
15-19 Years
20-24 Years
25-44 Years
45-64 Years
65-79 Years
80+ Years
2.5 LPA
5-7 LPA
7-9 LPA
9 LPA and Above
Indonesia Edible Oil Market will expand at a CAGR of 3.1% between 2022 and 2027 owing to the rising demand for palm oil segment. Consumers are also likely to look for value-for-money options such as products in larger refill packs or private label products. Indeed, there is also likely to be polarisation in terms of pack size. Net Profit of Bimoli Cooking Oil Producer, Salim Ivomas Pratama increases 320% in 2021.
According to Ken Research, this market is anticipated to grow at a CAGR of ~7% in between 2022-2028 owing to rise in allergy cases, rapid urbanization and technological advancements along with rise in demands and sales of gluten free products.
The global snack food market is expected to reach USD 304306 Mn from 2022 to 2027, with a projected increase in market size driven by changing consumer preferences, urbanization, and a rising demand for convenience foods. A major growth driver in the snack food market will be the increasing consumer focus on health and wellness. There is a growing demand for snacks that are not only tasty but also nutritious.
Europe wheat protein market is expected to show constant increase and is expected to grow at a CAGR of ~6% from 2022 to 2028 with increasing focus of concerning health issues. Wheat protein market is expected to grow from 2022-2028 due to factors like increase in trust on organic farming, growing demand of wheat protein, and increase in number of gyms and fitness centers in Europe .
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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