Fruits and Vegetables Market in Vietnam Records 5.34% Annual Growth Rate in 2026 | The vegetable segment will be important for revenue generation | 17000+ Technavio reports |

NEW YORK, February 9, 2022 /PRNewswire/ — The fruit and vegetable market in Vietnam should grow by 8.15 million units from 2021 to 2026. However, the growth momentum is expected to slow to a CAGR of 4.85% according to the latest Technavio report. Growth in the market share of fruits and vegetables in Vietnam speak vegetable segment will be important for revenue generation. The potential growth of the middle-income group, along with the increasing demand for fresh vegetables globally, is expected to boost the demand for vegetables. Other factors such as increasing agricultural production, improvements in food processing technology and changes in consumer food consumption habits will further pave the way for the growth of the fruit and vegetable market in Vietnam. In 2021, according to the Population Reference Bureau, 37% of the population of Vietnam live in cities. Growing urbanization has placed emphasis on healthy eating, which is fueling the demand for vegetables in the region.

To better understand the contribution of various segments to the market – Request a free sample report!

The fruit and vegetable market Vietnam covers the following areas:

Fruit and vegetable market in Vietnam – Drivers and Challenges

The report on the fruit and vegetable market in Vietnam provides global update, market size and forecast, trends, growth drivers and challenges, and vendor analysis. The market is driven by increased consumption of fruits and vegetables to maintain a healthier diet. Rapid urbanization and consumer trends have led to significant changes in consumer lifestyles and a move towards healthy foods. Regular consumption of fruits and vegetables helps prevent major diseases such as cancer as they are an excellent source of vitamins such as C, A, B and E and many other dietary fibers. The fruits and plant ingredients also aid in weight management, lowering blood cholesterol levels, and controlling insulin and blood sugar responses, which appeal to the diet-conscious population. These factors are expected to boost the growth of the fruit and vegetable market in Vietnam during the forecast period.

However, the key factor hindering the growth of the fruit and vegetable market in Vietnam is the unfavorable climatic conditions affecting fruit and vegetable production. India, Indonesia, Vietnamand South Africa are among the countries that have experienced a decline in fruit and vegetable production due to climate change. For example, according to climate forecast and agro-meteorological bulletins for Vietnam published by IMHEN (Institute of Hydrology and Meteorology and Climate Change Sciences), in 2020, an increase in the annual average temperature was observed, episodes of intense cold and damaging cold tended to be longer and more severe, which caused serious losses of transplanted rice, fruits and industrial plants.

To learn more about the drivers, challenges and trends – Download a free sample now!

Fruit and vegetable market in Vietnam – Segmentation

The fruit and vegetable market in Vietnam is segmented by Product (Vegetables and Fruits) and Exporting countries (China, EU countries, USA and others). The Technavio report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters.

Companies cited

the fruit and vegetable market in Vietnam is fragmented and vendors are deploying growth strategies such as investing in research and development to develop new products to compete in the market.

  • Atlantic Frozen Foods Inc.
  • Binh Thuan fruit and joint stock of vegetables
  • Cao Thanh Phat Import and Export Co. Ltd.
  • Dan On Foods Corp.
  • Dong Giao Food Export JSC.
  • Giavico International Food Co. Ltd.
  • Rouge River Foods Inc.
  • Tini Foods Co.Ltd.
  • Vegetexco Vietnam JSC
  • VEGETEXCO HOCHIMINH CITY

Subscribe to our “Lite Plan” billed annually on $3000 to join a community, who are eligible to view 3 reports per month and download 3 reports per year.

Related reports:

fruit market at Argentina -The fruit market share in Argentina is expected to grow USD 162.74 million from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 3.87%. Download a free sample now!

Fruit and Vegetable Ingredients Market- The fruit and vegetable ingredients market has the potential to grow in $77.45 million during the period 2021-2025, and the growth momentum of the market will slow down at a CAGR of 6.41%. Download a free sample now!

Scope of fruit and vegetable market in Vietnam

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Decelerate at a CAGR of 4.85%

Market Growth 2022-2026

8.15 min units

Market structure

Fragmented

Annual growth (%)

5.34

Regional analysis

Vietnam

Successful market contribution

100% Vietnam

Main consumer countries

Vietnam

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Atlantic Frozen Foods Inc., Binh Thuan Fruit and Vegetable Joint Stock, Cao Thanh Phat Import and Export Co. Ltd., Dan On Foods Corp., Dong Giao Foodstuff Export JSC., Giavico International Food Co. Ltd., Red River Foods Inc. . ., Tini Foods Co. Ltd., Vegetexco Vietnam JSC and VEGETEXCO HOCHIMINH CITY

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and get custom segments

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Manager

USA: +1 844 364 1100

UK: +44 203 893 3200

E-mail: [email protected]Website: www.technavio.com/

See original content to download multimedia: https://www.prnewswire.com/news-releases/fruits-and-vegetables-market-in-vietnam-records-5-34-yoy-growth-rate-in-2026 -vegetable-segment-will-be-meaningful-for-revenue-generation–17000-technavio-reports-301476594.html

SOURCETechnavio

More Stories
Auto Insurance For Volkswagen | The bank rate