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
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| Regions covered | North Vietnam, South Vietnam, East Vietnam and West Vietnam
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| 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.
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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:
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By Product:
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Fruits
Vegetables
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By Type:
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Fresh
Dried
Frozen
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By Distribution Channel:
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Supermarkets and Hypermarkets
Grocery Stores
Online
Others
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Fruit and Vegetable Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Product, 2027-2033
7.3. Fruits
7.4. 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, 2020-2026
8.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Type,2027-2033
8.3. Fresh
8.4. Dried
8.5. 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, 2020-2026
9.2. Vietnam Fruit and Vegetable Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Supermarkets and Hypermarkets
9.4. Grocery Stores
9.5. Online
9.6. 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 Vietnam
11.4. South Vietnam
11.5. East Vietnam
11.6. West Vietnam
12. Company Profile
12.1. Doveco
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Luong Gia Food Technology Joint Stock Company
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Giang Food and Vegetables Joint Stock Company
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Red River Foods Inc
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. The Fruit Republic Limited
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Others
13 Conclusion
14 List of Abbreviations
15 Reference Links