Vietnam Fruits And Vegetables Market Size (2024 - 2029)

Vietnam Fruits And Vegetables Market Analysis

The Vietnam Fruits And Vegetables Market size is estimated at USD 18.10 billion in 2024, and is expected to reach USD 23.57 billion by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).

In Vietnam, fruit and vegetable production is on the rise, fueled by government initiatives and private-sector investments. Additionally, the nation's varied climatic conditions allow for cultivating a broad spectrum of crops, spanning from tropical fruits like dragon fruit, mango, and litchi to temperate vegetables such as tomatoes and cabbage. The harvest area for the country's fruit and vegetable production has increased in recent years as farmers adopt more advanced agricultural techniques and technology to boost yield and quality.

For instance, according to the FAOSTATS, in 2022, the harvest area of fruits increased to 804,351 hectares from 791,125 hectares in 2021. Similarly, the harvest area of vegetables increased to 1,035,590 hectares in 2022 from 1,016,045 hectares in 2021. Also, according to the FAOSTATS, fruit production in Vietnam rose to 12.1 million metric tons in 2022, up from 11.7 million metric tons in 2021. Similarly, vegetable production increased to 17.8 million metric tons in 2022 from 17.3 million metric tons in the previous year. In addition to expanding the cultivation area, Vietnam is investing in post-harvest infrastructure to reduce losses and improve the quality of exports. Cold chain logistics, packaging innovation, and processing facilities are being developed to ensure that fruits and vegetables retain freshness and meet international standards. As production developments continue to take shape, Vietnam is well-positioned to strengthen its supply regionally and globally.

Furthermore, fruit and vegetable export in Vietnam is poised for growth, driven by increasing demand from countries such as China, the United States, the Netherlands, South Korea, and Japan. The expansion of free trade agreements has facilitated the export of Vietnamese fruits and vegetables, particularly to these key markets. Currently, a major amount of fruits and vegetables in the country are exported to China. For instance, Vietnam exported a value share of 38.5% in terms of vegetables and 34.5% in terms of fruits to China in 2022, according to the ITC trade map. Apart from China, Vietnam is making efforts to diversify its export destinations, opening up new opportunities in the European Union, North America, and other Asian countries.

Vietnam Fruits And Vegetables Industry Segmentation

Vegetables are edible plant parts such as leaves, stems, roots, or bulbs, while fruits are mature, seed-bearing structures of flowering plants. The report defines fruits and vegetables in terms of end users. 

The Vietnamese fruits and vegetables market is segmented by type (fruits and vegetables). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of volume (metric tons) and value (USD) for all the above segments.