Vietnam's caffeine thirst puts it in world's top growing coffee markets
Vietnam has one of the world's fastest growing retail coffee markets, trailing only behind Indonesia, Turkey and India, a global market intelligence agency said in its latest report.
The compound annual growth rate (CAGR) of Vietnam, measuring the average value growth in the 2012-2016 period, stood at 14.9%, while Indonesia's market jumped 19.6%, followed by 17.5% in Turkey and 15.1% in India, Mintel said in the report.
Asian markets, where growth is being driven by a surge in innovative coffee products, make up the majority of the world’s fastest growing coffee markets, while European markets plus Australia are among the slowest, the report said. It did not give any market values.