Fruits and Vegetables Market in Vietnam by Product and Exporting Nations - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72164

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

  • 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

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.85%

Market growth 2022-2026

8.15 mn units

Market structure

Fragmented

YoY growth (%)

5.34

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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

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

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.

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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 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1     Market Overview            

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 5

                                *Exhibit 04:  Key Finding 6

                                *Exhibit 05:  Key Finding 7

***2. Market Landscape             

               **2.1 Market ecosystem            

                                *Exhibit 06:  Parent market

                                *Exhibit 07:  Market characteristics

                **2.2 Value Chain Analysis          

                                *Exhibit 08:  Value chain analysis: Packaged foods and meats

                                *2.2.1    Inputs

                                *2.2.2    Inbound logistics

                                *2.2.3    Primary processing

                                *2.2.4    Secondary and tertiary processing

                                *2.2.5    Outbound logistics

                                *2.2.6    End-customers

                                *2.2.7    Marketing and sales

                                *2.2.8    Services

                             *2.2.9   Innovations

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 09:  Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 10:  Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *Estimating growth rates for emerging and high-growth markets

                                *Estimating growth rates for mature markets

                                *Exhibit 11:  Global - Market size and forecast 2021 - 2026 (million tons)

                                *Exhibit 12:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 13:  Five forces analysis 2021 & 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 14: Bargaining power of the buyer

                **4.3 Bargaining power of suppliers       

                                *Exhibit 15: Bargaining power of the supplier

                **4.4 Threat of new entrants    

                                *Exhibit 16: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 17: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 18: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 19: Market condition - Five forces 2021

***5. Market Segmentation by Product

              **5.1 Market segments

                                *Exhibit 20:  Product- Market share 2021-2026 (%)

                **5.2 Comparison by Product    

                                *Exhibit 21:  Comparison by Product

                **5.3 Vegetables - Market size and forecast 2021-2026   

                                *Exhibit 22:  Vegetables - Market size and forecast 2021-2026 (million tons)

                                *Exhibit 23:  Vegetables - Year-over-year growth 2021-2026 (%)

                **5.4 Fruits - Market size and forecast 2021-2026             

                                *Exhibit 24:  Fruits - Market size and forecast 2021-2026 (million tons)

                                *Exhibit 25:  Fruits - Year-over-year growth 2021-2026 (%)

                **5.5 Market opportunity by Product    

                                *Exhibit 26:   Market opportunity by Product

***6. Market Segmentation by Exporting nations                           

                **6.1 Market segments

                                *Exhibit 27:  Exporting nations - Market share 2021-2026 (%)

                **6.2 Comparison by Exporting nations 

                                *Exhibit 28:  Comparison by Exporting nations

                **6.3 China - Market size and forecast 2021-2026             

                                *Exhibit 29:  China - Market size and forecast 2021-2026 (million tons)

                                *Exhibit 30:  China - Year-over-year growth 2021-2026 (%)

                **6.4 EU nations - Market size and forecast 2021-2026   

                                *Exhibit 31:  EU nations - Market size and forecast 2021-2026 (million tons

                                *Exhibit 32:  EU nations - Year-over-year growth 2021-2026 (%)

                **6.5 US - Market size and forecast 2021-2026   

                                *Exhibit 33:  US - Market size and forecast 2021-2026 (million tons)

                                *Exhibit 34:  US - Year-over-year growth 2021-2026 (%)

                **6.6 Others - Market size and forecast 2021-2026           

                                *Exhibit 35:  Others - Market size and forecast 2021-2026 (million tons)

                                *Exhibit 36:  Others - Year-over-year growth 2021-2026 (%)

                **6.7 Market opportunity by Exporting 

                                *Exhibit 37:  Market opportunity by Exporting

***7. Customer landscape                         

                                *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                **7.1 Overview

                                *Exhibit 38:  Customer landscape

***8. Drivers, Challenges, and Trends                   

                **8.1 Market Driver       

                                *8.1.1    Increased consumption of fruits and vegetables to maintain a healthier diet

                                *8.1.2    Growing consumer inclination toward a vegan diet

                                *8.1.3    Government initiatives to increase agriculture production

                **8.2 Market challenges              

                                *8.2.1    Adverse climatic conditions affecting fruit and vegetable production

                                *8.2.2    Presence of stringent government rules

                                *8.2.3    Increased chances of food contamination

                                *Exhibit 39:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1    Increasing demand for organic fruits and vegetable products

                                *8.3.2    Rising demand for smart agricultural practices

                                *8.3.3    Growing demand in online distribution channels

***9. Vendor Landscape                             

                **9.1 Overview

                                *Exhibit 40:  Vendor landscape

                **9.2 Landscape disruption        

                                *Exhibit 41:  Landscape disruption

                                *Exhibit 42:  Industry risks

                **9.3 Competitive Scenario        

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 43: Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 44: ?Market positioning of vendors?

                **10.3 Atlantic Frozen Foods Inc.             

                                *Exhibit 45:  Atlantic Frozen Foods Inc. - Overview

                                *Exhibit 46:  Atlantic Frozen Foods Inc. - Product and service

                                *Exhibit 47:  Atlantic Frozen Foods Inc. - Key offerings

                **10.4 Binh Thuan Fruit and Vegetable Joint Stock Co.   

                                *Exhibit 48:  Binh Thuan Fruit and Vegetable Joint Stock Co. - Overview

                                *Exhibit 49:  Binh Thuan Fruit and Vegetable Joint Stock Co. - Product and service

                                *Exhibit 50:  Binh Thuan Fruit and Vegetable Joint Stock Co. - Key offerings

                **10.5 Cao Thanh Phat Import and Export Co. Ltd.           

                                *Exhibit 51:  Cao Thanh Phat Import and Export Co. Ltd. - Overview

                                *Exhibit 52:  Cao Thanh Phat Import and Export Co. Ltd. - Product and service

                                *Exhibit 53:  Cao Thanh Phat Import and Export Co. Ltd. - Key offerings

                **10.6 Dan On Foods Corp.        

                                *Exhibit 54:  Dan On Foods Corp. - Overview

                                *Exhibit 55:  Dan On Foods Corp. - Product and service

                                *Exhibit 56:  Dan On Foods Corp. - Key offerings

                **10.7 Dong Giao Foodstuff Export JSC.

                                *Exhibit 57:  Dong Giao Foodstuff Export JSC. - Overview

                                *Exhibit 58:  Dong Giao Foodstuff Export JSC. - Product and service

                                *Exhibit 59:  Dong Giao Foodstuff Export JSC. - Key offerings

                **10.8 Giavico International Food Co. Ltd.           

                                *Exhibit 60:  Giavico International Food Co. Ltd. - Overview

                                *Exhibit 61:  Giavico International Food Co. Ltd. - Product and service

                                *Exhibit 62:  Giavico International Food Co. Ltd. - Key offerings

                **10.9 Red River Foods Inc.        

                                *Exhibit 63:  Red River Foods Inc. - Overview

                                *Exhibit 64:  Red River Foods Inc. - Product and service

                                *Exhibit 65:  Red River Foods Inc. - Key offerings

                **10.10 Tini Foods Co. Ltd.         

                                *Exhibit 66:  Tini Foods Co. Ltd. - Overview

                                *Exhibit 67:  Tini Foods Co. Ltd. - Product and service

                                *Exhibit 68:  Tini Foods Co. Ltd. - Key offerings

                **10.11 Vegetexco Vietnam JSC               

                                *Exhibit 69:  Vegetexco Vietnam JSC  - Overview

                                *Exhibit 70:  Vegetexco Vietnam JSC  - Product and service

                                *Exhibit 71:  Vegetexco Vietnam JSC  - Key offerings

                **10.12 VEGETEXCO HOCHIMINH CITY  

                                *Exhibit 72:  VEGETEXCO HOCHIMINH CITY - Overview

                                *Exhibit 73:  VEGETEXCO HOCHIMINH CITY - Product and service

                                *Exhibit 74:  VEGETEXCO HOCHIMINH CITY - Key offerings

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 ????Objectives

                                *11.1.3 ????Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 75: ?Currency conversion rates for US$?

                **11.3 Research Methodology 

                                *Exhibit 76: ?Research Methodology

                                *Exhibit 77: ??Validation techniques employed for market sizing?

                                *Exhibit 78: ??Information sources

                **11.4 List of abbreviations        

                                *Exhibit 79: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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