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The fruits and vegetable market in Vietnam covers the following areas:
Fruits and vegetable market in Vietnam - Drivers & Challenges
The report on the fruits and vegetable market in Vietnam provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by increased consumption of fruits and vegetables to maintain a healthier diet. Rapid urbanization and consumerism trends prompted extensive changes in consumer lifestyles and a shift toward healthy eatables. Regular consumption of fruits and vegetables helps in preventing major diseases such as cancer as they are a great source of vitamins such as C, A, B, and E and many other dietary fibers. Fruits and vegetable ingredients also help in weight management, lower blood cholesterol levels, and control insulin and glycemic responses which attracts the diet-conscious population base. Such factors are expected to drive the growth of the fruits and vegetable market in Vietnam during the forecast period.
However, the key factor impeding the fruits and vegetables market growth in Vietnam is the adverse climatic conditions affecting fruit and vegetable production. India, Indonesia, Vietnam, and South Africa are some of the countries that have experienced a decline in fruit and vegetable production due to climate changes. For instance, according to the bulletins of Climate forecast and agro-meteorology for Vietnam published by IMHEN (Institute of Hydrology and Meteorology Science and Climate Change), in 2020, the average annual temperature has been observed to increase, severe cold and damaging cold events have tended to be longer and more severe, this caused severe losses of transplanted rice, fruit, and industrial plants.
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Fruits and vegetable market in Vietnam - Segmentation
The Fruits And Vegetables Market In Vietnam is segmented by Product (Vegetables and Fruits) and Exporting nations (China, EU nations, US, and others). Technavio report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The fruits and vegetable market in Vietnam is fragmented and the 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 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
- VEGETEXCO HOCHIMINH CITY
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Fruits And Vegetables Market In Vietnam Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.85% |
Market growth 2022-2026 |
8.15 mn units |
Market structure |
Fragmented |
YoY growth (%) |
5.34 |
Regional analysis |
Vietnam |
Performing market contribution |
Vietnam at 100% |
Key consumer countries |
Vietnam |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized |
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SOURCE Technavio
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