Vietnam Vegetable Seed Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Vietnam Vegetable Seed Market Size– By Breeding Technology, By Cultivation Mechanism, By Crop Family- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: AGRI2440 | Pages: 1 - 108 | Formats*: |
| Category : Agriculture | |||
Vietnam Vegetable Seed Market Introduction and Overview
According to SPER Market Research, the Vietnam Vegetable Seed Market is estimated to reach USD 134.84 million by 2033 with a CAGR of 7.12%.
The report includes an in-depth analysis of the Vietnam Vegetable Seed Market, including market size and trends, product mix, applications, and supplier analysis. 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. 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.
- In July 2023, Enza Zaden bought the carrot breeding program from the German company Carosem. This strategic acquisition intends to broaden Enza Zaden's product line by combining carrot seeds from several commercial types and stockpiles.
- July 2023: Enza Zaden introduced new lettuce types that are highly resistant to three new Bermian races: Bl: 38EU, Bl: 39EU, and Bl: 40EU. The new lettuce kinds are not only highly resistant to these races, but they can also flourish in a variety of soil conditions while producing large yields.
Market Opportunities and Challenges
Opportunities- The Vietnam vegetable seed business offers many opportunities for expansion and development. One of the primary opportunities is to expand the seed delivery network to reach underserved areas. Improving access to high-quality seeds in remote and rural locations has the potential to greatly increase vegetable production and enhance farmer livelihoods. Investment in infrastructure, such as seed storage facilities and distribution lines, can help address this issue. Another significant opportunity is to promote organic and sustainable farming practices. With rising consumer demand for organic produce, there is a sizable market for organic vegetable seeds. Promoting organic farming through certification programs and training farmers on organic production methods can help to boost demand for organic vegetable seeds
Challenges- The Vietnam vegetable seed market has problems in terms of crop diversity and quality. Providing farmers with access to a diverse selection of high-quality vegetable seeds, including hybrid and enhanced varieties, is crucial for crop output and diversity. However, there may be concerns with counterfeit or low-quality seeds on the market, reducing farm output and profits. Furthermore, resolving issues regarding seed pricing and affordability for small-scale farmers is critical for ensuring equal access. Regulatory compliance and intellectual property protection for vegetable seed variants can make the business more difficult. The market may also face problems due to changing climate conditions and insect pressures, which can impact seed viability and performance.
Market Competitive Landscape
The Vietnam Vegetable Seed Market is moderately consolidated, with the major players being 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, and Vietnam National Seed Group.
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 Breeding Technology, By Cultivation Mechanism, By Crop Family |
| Regions covered | North Vietnam, South Vietnam, East Vietnam, West Vietnam |
| Companies Covered | 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. |
COVID-19 Impact on Vietnam Vegetable Seed Market
The Covid-19 epidemic has had both beneficial and negative effects on Vietnam's vegetable seed industry. On the one hand, the increased emphasis on health and nutrition during the epidemic has resulted in increased demand for vegetables and vegetable seeds. Consumers have grown more attentive of their nutritional choices, resulting in a higher intake of fresh food. This has generated chances for seed firms to meet the increasing demand. However, the epidemic has created hurdles for the vegetable seed sector. Supply chain disruptions, transportation restrictions, and labour shortages have all had an impact on seed production and distribution. Farmers have encountered difficulty in obtaining seeds, resulting in a temporary decrease in vegetable production. The market also saw a shift in consumer preferences towards staple crops, which influenced demand for specific vegetable seed kinds.
Key Target Audience:
- Seed Distributors and Retailers
- Government Bodies and Policymakers
- Research and Academic Institutions
- Agricultural Extension Services
- Agrochemical and Fertilizer Companies
- Nurseries and Greenhouses
- Agricultural Consultants
- Food Processing Companies
- Exporters and Importers of Seeds
- Non-Governmental Organizations (NGOs) and Environmental Groups
Our in-depth analysis of the Vietnam Vegetable Seed Market includes the following segments:
| By Breeding Technology: |
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| By Cultivation Mechanism: |
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| By Crop Family: |
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Key Topics Covered in the Report:
- Vietnam Vegetable Seed Market Size (FY’2024-FY’2033)
- Overview of Vietnam Vegetable Seed Market
- Segmentation of Vietnam Vegetable Seed Market By Breeding Technology (Hybrids, Open Pollinated Varieties and Hybrid Derivatives)
- Segmentation of Vietnam Vegetable Seed Market By Cultivation Mechanism (Open Field, Protected Cultivation)
- Segmentation of Vietnam Vegetable Seed Market By Crop Family (Brassicas, Cucurbits, Roots and Bulbs, Solanaceae, Unclassified Vegetables)
- Statistical Snap of Vietnam Vegetable Seed Market
- Expansion Analysis of Vietnam Vegetable Seed Market
- Problems and Obstacles in Vietnam Vegetable Seed Market
- Competitive Landscape in the Vietnam Vegetable Seed Market
- Impact of COVID-19 and Demonetization on Vegetable Seed Market
- Details on Current Investment in Vietnam Vegetable Seed Market
- Competitive Analysis of Vietnam Vegetable Seed Market
- Prominent Players in the Vietnam Vegetable Seed Market
- SWOT Analysis of Vietnam Vegetable Seed Market
- Vietnam Vegetable Seed 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 Vegetable Seed 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 Vegetable Seed Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Vegetable Seed Market
7. Vietnam Vegetable Seed Market, By Breeding Technology (USD Million) 2020-2033
7.1. Vietnam Vegetable Seed Market Size, Share and Forecast, By Breeding Technology, 2020-20267.2. Vietnam Vegetable Seed Market Size, Share and Forecast, By Breeding Technology, 2027-20337.3. Hybrids7.4. Open Pollinated Varieties and Hybrid Derivatives
8. Vietnam Vegetable Seed Market, By Cultivation Mechanism (USD Million) 2020-2033
8.1. Vietnam Vegetable Seed Market Size, Share and Forecast, By Cultivation Mechanism, 2020-20268.2. Vietnam Vegetable Seed Market Size, Share and Forecast, By Cultivation Mechanism,2027-20338.3. Open Field8.4. Protected Cultivation
9. Vietnam Vegetable Seed Market, By Crop Family (USD Million) 2020-2033
9.1. Vietnam Vegetable Seed Market Size, Share and Forecast, By Crop Family, 2020-20269.2. Vietnam Vegetable Seed Market Size, Share and Forecast, By Crop Family, 2027-20339.3. Brassicas
9.3.1. Cabbage9.3.2. Carrot9.3.3. Cauliflower and Broccoli9.3.4. Others
9.4. Cucurbits
9.4.1. Cucumber and Gherkin9.4.2. Pumpkin and Squash9.4.3. Others
9.5. Roots and Bulbs
9.5.1. Garlic9.5.2. Onion9.5.3. Potato9.5.4. Others
9.6. Solanaceae
9.6.1. Chilli9.6.2. Eggplant9.6.3. Tomato9.6.4. Others
9.7. Unclassified Vegetables
9.7.1. Asparagus9.7.2. Spinach9.7.3. Others
10. Vietnam Vegetable Seed Market Forecast, 2020-2033 (USD Million)
10.1. Vietnam Vegetable Seed Market Size and Market Share
11. Vietnam Vegetable Seed Market, By Region, 2020-2033 (USD Million)
11.1. Vietnam Vegetable Seed Market Size and Market Share By Region (2020-2026)11.2. Vietnam Vegetable Seed 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. Bayer AG
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Bejo Zaden BV
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. DCM Shriram Ltd (Bioseed)
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. East-West Seed
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Enza Zaden
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Groupe Limagrain
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Known You Seed Co. Ltd
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Rijk Zwaan Zaadteelt en Zaadhandel BV
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Syngenta Group
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Vietnam National Seed Group
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. 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 Vegetable Seed Market is projected to reach USD 134.84 million by 2033, growing at a CAGR of 7.12% during the forecast period.
Vietnam Vegetable Seed Market grew in Market size from 2024. The Market is expected to reach USD 134.84 million by 2033, at a CAGR of 7.12% during the forecast period.
Vietnam Vegetable Seed Market CAGR of 7.12% during the forecast period.
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Vietnam Vegetable Seed Market size is USD 134.84 million from 2024 to 2033.
Vietnam Vegetable Seed Market is covered By Breeding Technology, By Cultivation Mechanism, By Crop Family.
The Asia Pacific is anticipated to have the highest Market share in the Vietnam Vegetable Seed Market.
The key players in the Market include Companies Covered 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.
Vegetable seeds are the basic units of plant reproduction that produce a variety of edible plants such as vegetables, herbs, and legumes.
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