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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Fruit and Vegetable Market Growth
Vietnam is projected to have a total fruit farming area of 1.29 million hectares in 2024, which is an increase of approximately 20,000 hectares from the previous year. The Vietnam Fruit and Vegetable Association has reported a growth of 27% in the turnover of certain fruits in the first quarter of 2024 compared to 2023. The total fruit output by the end of 2024 is anticipated to be 13.5 million tonnes, marking a 3.4% increase from the previous year.
Rapid urbanisation is leading to a higher demand for fresh produce, as urban residents generally have higher disposable incomes and improved access to modern retail outlets. The increasing awareness of the health benefits associated with consuming fresh fruits and vegetables also is leading to a growing interest among consumers in Vietnam. Furthermore, the growing adoption of advanced farming techniques like hydroponics, precision agriculture, and organic farming has improved both the quantity and quality of produce, which further leads to the market expansion.
The increasing consumer inclination towards organic and sustainably grown fruits and vegetables is fuelling the expansion of the market. To cater to this demand, there is a growing adoption of organic farming methods. There are nearly 100 stores in Hanoi, the capital of Vietnam, that offer fresh, organic fruits and vegetables for purchase. Furthermore, there are at least 10 stores that currently label their food as "clean", and just under 60 shops in the city are licensed to sell safe fruits and vegetables.
Vietnam Fruit and Vegetable Market Report Snapshots
Vietnam Fruit and Vegetable Market Size
Vietnam Fruit and Vegetable Market Growth
Vietnam Fruit and Vegetable Market Share
Vietnam Fruit and Vegetable Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 16.70 billion.
The market is estimated to grow at a CAGR of 5.2% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 26.35 billion by 2034.
The market is being driven by rising health consciousness and growing demand for fresh fruits and vegetables.
The key trends aiding the fruit and vegetable market in Vietnam include the growing adoption of organic farming practices and the integration of technology in the production process.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different types of fruit and vegetable include fresh and dried.
The major players in the market are Doveco, Luong Gia Food Technology Joint Stock Company, Giang Food and Vegetables Joint Stock Company, Red River Foods Inc., and The Fruit Republic Limited, among others.
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