Vietnamese eat prompt noodles third on the earth, rising consumption fee by 67% within the context of epidemics and social distancing

Observe Enterprise and Advertising Data, primarily based on the statistics of the World Prompt Noodles Affiliation, it may be seen that in 2020, 116.5 billion packages of noodles had been consumed globally, a rise of 10 billion packages in comparison with the earlier yr, equal to a rise of 9.47%.

Specifically, Vietnam ranks third on the earth (after China/Hong Kong and Indonesia) by way of complete consumption of prompt noodles in 2020, a rise of roughly 30% in comparison with 2019 (5.43 billion packages). Though Vietnam is just not the world’s largest client of prompt noodles, it’s the nation with the very best development fee on the earth, adopted by the Philippines with 16%, Brazil with 11%, and China with 11.8%.

Moreover that, Enterprise and Advertising As well as, if calculated per capita, Vietnam ranks within the prime 2 on the earth, every individual consumes a median of greater than 72 packages of noodles/yr, simply behind Korea (80.6 packages of noodles/individual/yr). , which is one and a half instances larger than Thailand, Japan, Indonesia, Philippines and twice as a lot as China, thrice larger than the US. In 2019, the common quantity of prompt noodles consumed by every Vietnamese individual was solely 57 packs/yr.

  Vietnamese people eat instant noodles third in the world, increasing consumption rate by 67% in the context of epidemics and social distancing - Photo 1.

Shrimp noodles are a well-liked meals in Vietnam

As well as, the state of affairs of social distancing and meals storage habits additionally trigger prompt noodle consumption in Vietnam to proceed to extend.

Observe Vietnamnet Reportedly, in Vietnam, when implementing social distancing measures, the Ministry of Trade and Commerce’s report additionally often recorded a short lived scarcity of prompt noodles. As a result of that is an merchandise that individuals purchase in giant portions, in some locations there are few items as a result of it has not been distributed but, the value doesn’t change. Significantly, Hao Hao noodles in some localities are typically scarce as a result of giant inhabitants’s demand, and enterprise institutions haven’t but had time to import items.

This newspaper additionally launched the newest survey by market analysis firm Nielsen Vietnam, exhibiting that the consumption fee of prompt noodles within the context of the epidemic elevated by 67%. Statistics present that there are about 50 corporations producing prompt noodles in Vietnam.

However not solely Vietnamese manufacturing enterprises, many different worldwide manufacturers are additionally penetrating the home market, profiting from preferential import tax charges from commerce agreements that Vietnam participates in. compete with home enterprises.

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