Having seen strong growth up until 2019, buoyed by strong macroeconomic growth, an expanding middle class, urbanisation and a youthful population, sales of snacks stalled following the outbreak of COVID-19 in 2020. Nevertheless, the success of Cambodia’s vaccination programme has provided hope of a recovery in 2021 and 2022.
In 2022, Cambodia has started to see a gradual decrease in the daily infection rates of COVID-19, reflecting the country's strong herd immunity supported by the ongoing vaccination process. This is having a positive impact on the economy and hence the snack industry overall in 2022, as disposable incomes are recovering and consumers are returning to their pre pandemic purchasing patterns.
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 2022, the Cambodian economy is seeing both positive and negative developments. For example, after the reopening of establishments, the domestic economy is rapidly recovering which is prompting further investments and exports.
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, snacks will continue rebounding from the COVID-19 pandemic despite the ongoing inflated prices of food. This will be down to the booming domestic market which will boost demand and provide consumers with lower priced alternatives than exports.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
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.
Snacks
This report originates from Passport, our Snacks research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!