Vietnam to lead Asia for growth in convenience stores
According to the Institute of Grocery Distribution (IGD), Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, followed by Philippines and Indonesia. Asia’s grocery market is the largest in the world, with a predicted 6.3% compound annual growth rate up to 2021. Its size is forecast to reach US$4.8 trillion by 2021: equivalent to Europe’s and North America’s combined.
In the convenience channel, IGD is forecasting high double-digit compound annual growth over the next four years in Vietnam (37.4%), the Philippines (24.2%) and Indonesia (15.8%), based on the performance of the leading convenience store operators in each market.
Convenience stores in Vietnam have become popular destinations for young consumers to shop and hang out. Visit Fi Vietnam 2018 to source new ingredients, innovation and technology. This is the key to increase the quality of your product and differentiate your product from competitors.
Fi Vietnam is the only dedicated ingredients exhibition in the country and acts as a gateway for food and beverage leaders looking to invest in this unique market.
Meet with 5,000+ the key high-level food industry professionals all in one place.
Get ahead of your competitors. Fi Vietnam offers a great chance both for SMEs and multinational companies as local markets are still developing.
Educate your future clients and learn about market trends with an educational programme that includes seminars, conferences and an award ceremony.
