Overall, in 2023, snacks in Cambodia has thrived due to a combination of factors, including the recovery from the COVID-19 pandemic, the return of local and international tourism, manageable inflation (in comparison to other countries), and growing domestic production and agriculture in general. However, the industry continues to face challenges, such as the popularity of unpackaged and artisanal snacks and the limited penetration in rural areas.
The impact of the COVID-19 pandemic in 2023 is minimal as Cambodia has enjoyed strong herd immunity since the end of 2021. The country is now facing much fewer cases and as of 5 April 2023, 96% of the country's 17 million population were vaccinated.
There are three main meals eaten per day in Cambodia: Breakfast, lunch and dinner. However, many rural workers will not eat a full breakfast and will instead eat snacks before having an early lunch.
In 2023, Cambodia’s economy is set to grow much faster than seen in 2022 where it grew by 5.1%, with it forecast to grow by 5.
Overall, Cambodia's physical infrastructure is improving which includes distribution channels, internet access, electricity supply, and much more. Recently, Cambodia even launched its first business-to-business-to-customer e-commerce platform.
Over the forecast period, the main trend witnessed in snacks will be the ongoing growth of locally produced snacks and agricultural goods in general. The booming domestic market will boost demand and provide consumers with lower-priced alternatives than exports, which will be especially appealing as inflation is set to continue at least for the first part of 2024.
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Understand the latest market trends and future growth opportunities for the Snacks industry in Cambodia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Snacks industry in Cambodia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Snacks research and analysis database.
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