Vietnam Fruit and Vegetable Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Vietnam Fruit and Vegetable Market Size– By Product, By Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: FOOD2489 | Pages: 1 - 109 | Formats*: |
| Category : Food & Beverages | |||
Vietnam Fruit and Vegetable Market Introduction and Overview
According to SPER Market Research, the Vietnam Fruit and Vegetable Market is estimated to reach USD 29.37 billion by 2033 with a CAGR of 5.65%.
The report includes an in-depth analysis of the Vietnam Fruit and Vegetable Market, including market size and trends, product mix, applications, and supplier analysis. Fruits and vegetables are crucial components of a well-balanced diet, providing a variety of nutrients necessary for optimal health. Fruits frequently contain seeds, which have a variety of flavours, textures, and nutritional profiles. Apples, berries, and oranges are some of the most common examples. In contrast, vegetables are made up of numerous plant parts such as roots, leaves, stems, and so on. They are high in vitamins, minerals, and fibre, which promotes general health. Vegetables include leafy greens, carrots, and broccoli, among others. Fruits and vegetables are distinguished by their bright colours, which indicate the presence of phytochemicals with potential health advantages. Incorporating them into the diet is highly suggested for improving nutrition and lowering the risk of chronic disease.
- August 2022: Duy Anh Foods. Vietnam's rice specialists intend to combine fruits and vegetables to enhance their new original product line and create unusual combinations. The company currently exports rice-based goods to about 58 countries.
- July 2022: Following nearly six years of discussions, China has consented to import Vietnamese passion fruit. The official agreement will be signed only after further examination of the findings in the current circumstances.
- May 2022: After decades of partnership between the Summerfruit Industry, Summerfruit Australia, Hort Innovation, and the Vietnamese government, Australian peaches and nectarines are now available in the Vietnam market following successful negotiations between the two countries.
Market Opportunities and Challenges
Opportunities- The Vietnam fruits and vegetables market offers opportunities for growth and innovation in a variety of categories, including production, distribution, marketing, and value-added processing. One possibility is the growth of organic and premium food, driven by rising consumer demand for high-quality, safe, and sustainably sourced fruits and vegetables. Organic farming strategies, such as natural fertilisers, crop rotation, and pest management techniques, are gaining popularity among farmers looking to differentiate their offerings and appeal to certain markets. Furthermore, value-added processing, which includes fresh-cut fruits and vegetables, juices, smoothies, and frozen produce, provides potential to increase shelf life, reduce waste, and match changing consumer expectations for convenience and health-conscious products.
Challenges- The severe climatic circumstances that affect fruit and vegetable production are a major impediment to the growth of the Vietnam fruits and vegetables market. Climate change has reduced fruit and vegetable production in nations such as India, Indonesia, Vietnam, and South Africa. Furthermore, due to climate change susceptibility, many farmers in the Mekong delta region (one of Vietnam's largest fruit-producing and exporting regions) are turning to migration. Such factors are projected to have a negative impact on the import-export demand for Vietnam's fruits and vegetables market during the projection period.
Market Competitive Landscape
The Vietnamese fruit and vegetable market is fiercely competitive, with smallholder farmers, agribusinesses, traders, and exporters all competing for market share and consumer loyalty. Key market players are Doveco, Luong Gia Food Technology Joint Stock Company, Giang Food and Vegetables Joint Stock Company, Red River Foods Inc, The Fruit Republic Limited.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Type, By Distribution Channel |
| Regions covered | North Vietnam, South Vietnam, East Vietnam and West Vietnam |
| Companies Covered | Doveco, Luong Gia Food Technology Joint Stock Company, Giang Food and Vegetables Joint Stock Company, Red River Foods Inc., The Fruit Republic Limited. |
COVID-19 Impact on Vietnam Fruit and Vegetable Market
The Covid-19 outbreak had a huge influence on Vietnam's fruit and vegetable sector. Lockdowns and travel restrictions caused initial supply chain disruptions. However, the market responded rapidly to the new issues by establishing safety precautions and other distribution methods. The epidemic also raised awareness about health and nutrition, resulting in increased demand for fruits and vegetables as people sought to strengthen their immune systems.
Key Target Audience:
- Domestic Consumers
- Retailers and Supermarkets
- Export Markets
- Food Processing Companies
- Restaurants and Food Service Providers
- Wholesale Distributors
- Agricultural Cooperatives and Farmers
Our in-depth analysis of the Vietnam Fruit and Vegetable Market includes the following segments:
| By Product: |
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| By Type: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- Vietnam Fruit and Vegetable Market Size (FY’2024-FY’2033)
- Overview of Vietnam Fruit and Vegetable Market
- Segmentation of Vietnam Fruit and Vegetable Market By Product (Fruits, Vegetables)
- Segmentation of Vietnam Fruit and Vegetable Market By Type (Fresh, Dried, Frozen)
- Segmentation of Vietnam Fruit and Vegetable Market By Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online, Others)
- Statistical Snap of Vietnam Fruit and Vegetable Market
- Expansion Analysis of Vietnam Fruit and Vegetable Market
- Problems and Obstacles in Vietnam Fruit and Vegetable Market
- Competitive Landscape in the Vietnam Fruit and Vegetable Market
- Impact of COVID-19 and Demonetization on Fruit and Vegetable Market
- Details on Current Investment in Vietnam Fruit and Vegetable Market
- Competitive Analysis of Vietnam Fruit and Vegetable Market
- Prominent Players in the Vietnam Fruit and Vegetable Market
- SWOT Analysis of Vietnam Fruit and Vegetable Market
- Vietnam Fruit and Vegetable Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Fruit and Vegetable Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Fruit and Vegetable Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Fruit and Vegetable Market
7. Vietnam Fruit and Vegetable Market, By Product (USD Million) 2020-2033
7.1. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Product, 2020-20267.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Product, 2027-20337.3. Fruits7.4. Vegetables
8. Vietnam Fruit and Vegetable Market, By Type (USD Million) 2020-2033
8.1. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Type, 2020-20268.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Type,2027-20338.3. Fresh8.4. Dried8.5. Frozen
9. Vietnam Fruit and Vegetable Market, By Distribution Channel (USD Million) 2020-2033
9.1. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Supermarkets and Hypermarkets9.4. Grocery Stores9.5. Online9.6. Others
10. Vietnam Fruit and Vegetable Market Forecast, 2020-2033 (USD Million)
10.1. Vietnam Fruit and Vegetable Market Size and Market Share
11. Vietnam Fruit and Vegetable Market, By Region, 2020-2033 (USD Million)
11.1. Vietnam Fruit and Vegetable Market Size and Market Share By Region (2020-2026)11.2. Vietnam Fruit and Vegetable Market Size and Market Share By Region (2027-2033)11.3. North Vietnam11.4. South Vietnam11.5. East Vietnam11.6. West Vietnam
12. Company Profile
12.1. Doveco
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Luong Gia Food Technology Joint Stock Company
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Giang Food and Vegetables Joint Stock Company
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Red River Foods Inc
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. The Fruit Republic Limited
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Others
13 Conclusion
14 List of Abbreviations
15 Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vietnam Fruit and Vegetable Market is projected to reach USD 29.37 billion by 2033, growing at a CAGR of 5.65% during the forecast period.
Vietnam Fruit and Vegetable Market grew in Market size from 2024. The Market is expected to reach USD 29.37 billion by 2033, at a CAGR of 5.65% during the forecast period.
Vietnam Fruit and Vegetable Market CAGR of 5.65% during the forecast period.
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Vietnam Fruit and Vegetable Market size is USD 29.37 billion from 2024 to 2033.
Vietnam Fruit and Vegetable Market is covered By Product, By Type, By Distribution Channel.
The Asia-Pacific is anticipated to have the highest Market share in the Vietnam Fruit and Vegetable Market.
The key players in the Market include Companies Covered Doveco, Luong Gia Food Technology Joint Stock Company, Giang Food and Vegetables Joint Stock Company, Red River Foods Inc, The Fruit Republic Limited.
Fruits and vegetables are crucial components of a well-balanced diet, providing a variety of nutrients necessary for optimal health. Fruits frequently contain seeds, which have a variety of flavours, textures, and nutritional profiles. Apples, berries, and oranges are some of the most common examples. In contrast, vegetables are made up of numerous plant parts such as roots, leaves, stems, and so on.
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