The main objective in the food trade is the provision of assistance and advice for the operational development of agri-food businesses between ASEAN countries and the EU
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International organizations work on the right to food aims at providing countries, institutions, civil society and other stakeholders with a series of effective instruments they can use to assert the right to adequate food as a basic human right.
In Vietnam national production remains limited to certain products such as rice, coffee, corn, pork and rubber. Thus, to supplement the existing deficit in certain foodstuffs (e.g. Meat ; Dairy products; etc.), Vietnam imports from Asia but also from Europe.
Food processing in Vietnam accounts for the highest ratio of the processing and manufacturing industry. Thus, the processing and manufacturing industry is a major contributor to the country’s economic growth receiving priority from the Government, which seeks to improve exports of agricultural and processed food products. The challenges posed by the pandemic forced food processors to accelerate restructuring and embrace Industry 4.0, which has enabled growth making the sector more attractive to foreign investors.
Experts from the European Trade Policy said to be able to further penetrate the EU market Vietnamese food processors should routinely adopt modern processing technologies besides ensuring food safety and meeting European standards as they do now.
The Functional Beverage Market is segmented by Type (Energy Drink, Fortified Juice, Sports Drinks, Dairy and Dairy Alternative Drinks, and Other Products), Distribution Channel (Supermarkets/Hypermarkets, Drug Stores and Pharmacies, Convenience Stores, Online Retail Stores, and Other Distribution Channel), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The functional beverage market is projected to register a growth of 7% during the forecast period (2021 – 2026). Increasing demand for innovative products, like plant-based and lactose-free beverage products, drive the market, while the inclusion of CBD (cannabidiol) functional beverages is expected to be the opportunity to the future market.
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