Vietnam Fruit and Vegetable Seeds Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033

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Vietnam Fruit and Vegetable Seeds Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033: SPER Market Research


 Category : Agriculture

 Published: Aug-2024
 Author: SPER Analyst


Vietnam Vegetable Seed Market is projected to be worth USD 134.84 million by 2033 and is anticipated to surge at a CAGR of 7.12%.

Vegetable seeds are the basic units of plant reproduction that produce a variety of edible plants such as vegetables, herbs, and legumes. They are specifically developed for their ability to produce plants with edible and nutritious portions, such as leaves, roots, stems, flowers, and fruits, which are typically consumed as the primary source of nutrition in human diets. They come in a variety of forms, sizes, colours, and textures, indicating the great range of vegetables they can produce. Each seed contains genetic information that influences the properties of the resulting plant, such as flavour, size, colour, disease resistance, and growth patterns. The growing of vegetable seeds is an important part of agriculture since it lays the groundwork for long-term food production.

Vietnam Vegetable Seed Market Driving Factors and Challenges

Driving Factors- The growing need for premium and high-yielding vegetable seeds is one of the main factors propelling the Vietnam vegetable seed industry. Improved seed types have been adopted as a result of pressure on the nation's agricultural industry to meet the population's rising food demands. In particular, hybrid seeds have become more and more well-liked because of their superior qualities, which include increased yield, resistance to disease, and improved climate adaptation. These seeds greatly increase farm profitability and productivity, which motivates farmers to spend money on high-quality seeds. Furthermore, through a number of programs and legislation, the Vietnam government has taken the lead in encouraging sustainable agriculture techniques. The market for vegetable seeds has benefited from initiatives to enhance seed quality, subsidise hybrid seeds, and give farmers access to new agricultural methods. The need for domestically produced vegetable seeds has been fuelled by the government's emphasis on minimising reliance on seed imports and achieving food production self-sufficiency.

Challenges- The Vietnam vegetable seed business confronts many hurdles that could stymie its growth. One of the biggest constraints is the scarcity of high-quality seeds, especially in remote and rural locations. While hybrid and enhanced seed varieties are becoming more popular, their distribution and availability remain an issue. Many smallholder farmers continue to rely on traditional seed-saving practices, which frequently result in reduced yields and increased exposure to pests and diseases. Another key constraint is the high cost of hybrid seeds. Although these seeds have various advantages, their initial cost is higher than ordinary seeds. This pricing discrepancy may inhibit small-scale farmers with limited financial means. Furthermore, a lack of suitable credit facilities and financial assistance for farmers exacerbates the problem, making it impossible for them to invest in high-quality seeds.


Impact of COVID-19 on Vietnam Vegetable Seed Market
The Vietnam vegetable seed business has seen both positive and negative effects from the Covid-19 epidemic. On the one side, the pandemic's heightened emphasis on diet and health has raised demand for vegetables and vegetable seeds. Fresh vegetable consumption has increased as a result of consumers' improved awareness of their dietary choices. As a result, seed firms now have the chance to meet the increasing demand. But the market for vegetable seeds has also faced difficulties as a result of the pandemic. The production and distribution of seeds have been impacted by labour shortages, travel restrictions, and supply chain disruptions. Vegetable production has temporarily decreased as a result of farmers' troubles obtaining seeds.

Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Bayer AG, Bejo Zaden BV, DCM Shriram Ltd (Bioseed), East-West Seed, Enza Zaden, Groupe Limagrain, Known You Seed Co. Ltd, Rijk Zwaan Zaadteelt en Zaadhandel BV, Syngenta Group, Vietnam National Seed Group.


Vietnam Vegetable Seed Market Segmentation:

By Breeding Technology: Based on the Breeding Technology, Vietnam Vegetable Seed Market is segmented as; Hybrids, Open Pollinated Varieties and Hybrid Derivatives.

By Cultivation Mechanism: Based on the Cultivation Mechanism, Vietnam Vegetable Seed Market is segmented as; Open Field, Protected Cultivation.

By Crop Family: Based on the Crop Family, Vietnam Vegetable Seed Market is segmented as; Brassicas, Cucurbits, Roots and Bulbs, Solanaceae, Unclassified Vegetables.

By Region: This research also includes data for North Vietnam, South Vietnam, East Vietnam, West Vietnam.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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