International Business News – The world seasoning market size is estimated at USD 19 billion. Vietnam has a population of nearly 100 million people, plus the advantages of planting pepper, chili, turmeric, ginger, cinnamon and other seasoning trees and fishing to make fish sauce, the production, consumption and export potential of Vietnamese seasonings is huge.
Global Information and Market Measurement predicts that the Vietnamese seasoning market will achieve an average annual growth of 25-32% between 2016 and 2022, based on the fact that Vietnamese households have a habit of using a lot of seasonings in different foods.
The Vietnamese seasoning market has attracted a series of international companies and launched many prominent products, such as: Unilever’s Knorr, Japan’s Aji-ngon, Japan’s Aji-ngon, Taiwan’s Miwon, Nestlé’s Maggi, etc.
In recent years, seasoning companies have entered the innovation competition and launched seasoning products with complete formulas to bring convenience and meet the pace of modern life. At the same time, in order to increase market share, seasoning companies not only bring their products to a series of distribution channels such as trade centers, supermarkets, bazaars, convenience stores, grocery stores, but also online through Shopee, Lazada, Tiki, Facebook and corporate websites. platform for sales.
Vietnam has a population of nearly 100 million people, plus the advantages of planting pepper, chili, turmeric, ginger, cinnamon and other seasoning trees, making salt, and fishing for fish sauce. Vietnam not only produces and sells seasoning products, but also has huge export potential for seasoning products.
The Trade Promotion Agency of the Ministry of Industry and Trade of Vietnam emphasized at the Vietnam Spice and Seasoning Products Online Trade Promotion Conference that the production and export of spices and spices products have been of great significance to Vietnam’s economy and export trends over the years. With the gift of nature, Vietnam has a biodiversity that facilitates the production of seasoning and spice products with unique taste and quality that are different from their counterparts in the world.