The fruits and vegetable market share in Vietnam is expected to increase by 8.15 million units from 2021 to 2026, at a CAGR of 4.85%.
This fruits and vegetables market in Vietnam research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fruits and vegetables market segmentation by product (vegetables and fruits) and exporting nations (China, EU nations, US, and Others). The fruits and vegetable market in Vietnam report also offers information on several market vendors, including Atlantic Frozen Foods Inc., Binh Thuan Fruit and Vegetable Joint Stock, Cao Thanh Phat Import and Export Co. Ltd., Dan On Foods Corp., Dong Giao Foodstuff Export JSC., Giavico International Food Co. Ltd., Red River Foods Inc., Tini Foods Co. Ltd., Vegetexco Vietnam JSC, and VEGETEXCO HOCHIMINH CITY among others.
What will the Fruits and Vegetables Market Size in Vietnam be During the Forecast Period?
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Fruits and Vegetables Market in Vietnam: Key Drivers, Trends, and Challenges
The increased consumption of fruits and vegetables to maintain a healthier diet is notably driving the fruits and vegetables market growth in Vietnam, although factors such as adverse climatic conditions affecting fruit and vegetable production may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fruits and vegetables industry in Vietnam. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fruits And Vegetables Market Driver in Vietnam
One of the key factors driving the fruits and vegetables market growth in Vietnam is the increased consumption of fruits and vegetables to maintain a healthier diet. Rapid urbanization and consumerism trends prompted extensive changes in consumer lifestyles and a shift toward healthy eatables. Regular consumption of fruits and vegetables helps in preventing major diseases such as cancer as they are a great source of vitamins such as C, A, B, and E and many other dietary fibers. Fruits and vegetable ingredients also help in weight management, lower blood cholesterol levels, and control insulin and glycemic responses which attracts the diet-conscious population base. Such factors are expected to drive the growth of the fruits and vegetable market in Vietnam during the forecast period
Key Fruits and Vegetables Market Trend in Vietnam
Another key factor driving the fruits and vegetables market growth in Vietnam is the increasing demand for organic fruits and vegetable products as they are produced without using synthetic fertilizers, persistent pesticides, artificial ingredients, and genetic engineering. The export market for organic foods is expected to grow during the forecast period. Also, organic agriculture is a better method than chemical-based agriculture as it retains soil health as well as helps preserve the environment. Organic fruits and vegetables contain various minerals, vitamins, omega-3, and some antioxidant properties included in them. Therefore, the rise in demand for organic fruits and vegetables in the global food and beverages industry will, in turn, drive the growth of the fruits and vegetable market in Vietnam.
Key Fruits and Vegetables Market Challenge in Vietnam
One of the key factors impeding the fruits and vegetables market growth in Vietnam is the adverse climatic conditions affecting fruit and vegetable production. India, Indonesia, Vietnam, and South Africa are some of the countries that have experienced a decline in fruit and vegetable production due to climate changes. For instance, according to the bulletins of Climate forecast and agro-meteorology for Vietnam published by IMHEN (Institute of Hydrology and Meteorology Science and Climate Change), in 2020, the average annual temperature has been observed to increase, severe cold and damaging cold events have tended to be longer and more severe, this caused severe losses of transplanted rice, fruit, and industrial plants. Furthermore, due to vulnerability to climate change, many farmers in the Mekong delta region (one of the most fruit-producing and exporting regions in Vietnam) are focusing on migration. Such factors are expected to negatively affect the import-export demand for the fruits and vegetables market in Vietnam during the forecast period.
This fruits and vegetables market in Vietnam analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the fruits and vegetable market in Vietnam as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fruits and vegetables market in Vietnam during the forecast period.
Who are the Major Fruits and Vegetables Market Vendors in Vietnam?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Atlantic Frozen Foods Inc.
- Binh Thuan Fruit and Vegetable Joint Stock
- Cao Thanh Phat Import and Export Co. Ltd.
- Dan On Foods Corp.
- Dong Giao Foodstuff Export JSC.
- Giavico International Food Co. Ltd.
- Red River Foods Inc.
- Tini Foods Co. Ltd.
- Vegetexco Vietnam JSC
- VEGETEXCO HOCHIMINH CITY
This statistical study of the fruits and vegetable market in Vietnam encompasses successful business strategies deployed by the key vendors. The fruits and vegetable market in Vietnam is fragmented and the vendors are deploying growth strategies such as investing in research and development to develop new products to compete in the market.
Product Insights and News
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Atlantic Frozen Foods Inc. - The company offers fruits and vegetables that include broccoli, carrots, sweet peas, green peas, corn, sweet potatoes, and many more products, under the brand name of Atlantic Frozen Foods.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fruits and vegetables market in Vietnam forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Fruits and Vegetables Market in Vietnam Value Chain Analysis
Our report provides extensive information on the value chain analysis for the fruits and vegetable market in Vietnam, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global packaged foods and meats market includes the following core components:
- Inputs
- Inbound logistics
- Primary processing
- Secondary and tertiary processing
- Outbound logistics
- End-customers
- Marketing and sales
- Service
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Fruits and Vegetables Market in Vietnam?
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The fruits and vegetables market share growth in Vietnam by the vegetable segment will be significant during the forecast period. The potential growth in the middle-income group, along with the rise in demand for fresh vegetables worldwide, is expected to drive the demand for vegetables. Other factors such as the increase in agricultural production, improvements in food processing technology, and changes in consumer food consumption patterns will further pave the way for the growth of the fruits and vegetable market in Vietnam.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fruits and vegetable market size in Vietnam and actionable market insights on post COVID-19 impact on each segment.
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Fruits and Vegetables Market Scope in Vietnam |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 4.85% |
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Market growth 2022-2026 |
8.15 mn units |
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Market structure |
Fragmented |
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YoY growth (%) |
5.34 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Atlantic Frozen Foods Inc., Binh Thuan Fruit and Vegetable Joint Stock, Cao Thanh Phat Import and Export Co. Ltd., Dan On Foods Corp., Dong Giao Foodstuff Export JSC., Giavico International Food Co. Ltd., Red River Foods Inc., Tini Foods Co. Ltd., Vegetexco Vietnam JSC, and VEGETEXCO HOCHIMINH CITY |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Fruits and Vegetables Market in Vietnam Report ?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive fruits and vegetables market growth in Vietnam during the next five years
- Precise estimation of the fruits and vegetables market size in Vietnam and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the fruits and vegetable industry across Vietnam
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the fruits and vegetables market vendors in Vietnam
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