Fruits and vegetables offer a variety of nutrients that are essential for optimum health, making them essential parts of a well-balanced diet. Seeds come in a range of tastes, textures, and nutritional profiles, and are commonly found inside fruits. Among the most popular examples are oranges, berries, and apples. Vegetables, on the other hand, consist of a variety of plant elements, including stems, roots, and leaves. They are rich in fibre, vitamins, and minerals, all of which are good for overall health. Broccoli, carrots, and leafy greens are examples of vegetables. The vibrant hues that set fruits and vegetables apart are signs of the presence of phytochemicals that may have positive health effects.
Vietnam Fruit and Vegetable Market Driving Factors and Challenges
Driving Factors- Growing consumer awareness of the value of a healthy diet and lifestyle is one of the main factors propelling the Vietnam fruits and vegetables market. Concerns over non-communicable diseases like obesity, diabetes, and cardiovascular disorders are growing, therefore people are becoming more conscious of what they eat and looking for wholesome, fresh meals like fruits and vegetables. Because they are rich in vitamins, minerals, antioxidants, and dietary fibre, fruits and vegetables are vital parts of a balanced diet that can help avoid chronic illnesses and improve general health and wellbeing. As a result, urban customers, health-conscious people, and families trying to include more fruits and vegetables in their meals are placing an increasing demand on fresh produce.
Challenges- The Vietnam fruits and vegetable market confronts problems such as post-harvest losses, poor infrastructure, and supply chain inefficiencies. Post-harvest losses are caused by inappropriate handling, storage, and transportation of perishable fruits and vegetables, resulting in large waste and lower commercial yields. Inadequate infrastructure, such as cold storage facilities, transportation networks, and market facilities, exacerbates post-harvest losses and limits farmers' market access, especially in remote and rural locations. Supply chain inefficiencies, such as fragmented distribution networks, a lack of transparency, and inadequate market knowledge, all contribute to market inefficiencies and lower profitability for farmers and traders.
Impact of COVID-19 on Vietnam Fruit and Vegetable Market
The market for fruits and vegetables in Vietnam was significantly impacted by the Covid-19 outbreak. Lockdowns and travel restrictions initially caused a disturbance in the supply chain. Nevertheless, the market moved swiftly to adopt safety precautions and substitute distribution routes in response to the new difficulties. In an effort to strengthen their immune systems, consumers demanded more fruits and vegetables as a result of the pandemic's enhanced awareness of nutrition and health.
Vietnam Fruit and Vegetable 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 Doveco, Luong Gia Food Technology Joint Stock Company, Giang Food and Vegetables Joint Stock Company, Red River Foods Inc, The Fruit Republic Limited.
Vietnam Fruit and Vegetable Market Segmentation:
By Product: Based on the Product, Vietnam Fruit and Vegetable Market is segmented as; Fruits, Vegetables.
By Type: Based on the Type, Vietnam Fruit and Vegetable Market is segmented as; Fresh, Dried, Frozen.
By Distribution Channel: Based on the Distribution Channel, Vietnam Fruit and Vegetable Market is segmented as; Supermarkets and Hypermarkets, Grocery Stores, Online, Others.
By Region: This research also includes data for North Vietnam, South Vietnam, East Vietnam and 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.