In 2023, the volume per capita for the cream market in Vietnam stood at 0.062 kilograms. According to the forecasted data, this figure is expected to rise steadily over the next few years. Specifically, the volume per capita is projected to be 0.063 kg in 2024, 0.064 kg in 2025, 0.066 kg in 2026, 0.068 kg in 2027, and 0.070 kg in 2028.
Year-on-year variations in the forecasted period indicate moderate growth:
- 2024: 1.61% increase from 2023
- 2025: 1.59% increase from 2024
- 2026: 3.13% increase from 2025
- 2027: 3.03% increase from 2026
- 2028: 2.94% increase from 2027
The CAGR (Compound Annual Growth Rate) from 2024 to 2028 is forecasted to be approximately 2.69%.
Future trends to monitor include the influence of changing dietary habits on cream consumption, the introduction of new cream-based products, and potential economic factors that could affect consumer spending power. Additionally, tracking the growth of regional and international competitors entering the Vietnamese market could provide insights into market dynamics and potential shifts in consumer preferences.
