Vietnam Horticulture Market, By Cultivation Type ; By Propagation ; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

PUBLISHED: August 11, 2023

PAGES: 200 Pages

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Vietnam Horticulture Market Size Set to Touch USD 108.65 Million by 2029.

Vietnam horticulture market is gaining traction because of the growing awareness about sustainable crops and high adoption of sustainable horticulture practices.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam horticulture market size at USD 64.18 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Vietnam horticulture market size to grow at a CAGR of 9.17% reaching a value of USD 108.65 million by 2029. The growing adoption of sustainable agricultural techniques and the increasing integration of technical breakthroughs into the agricultural sector are two key growth factors for the Vietnam horticulture market. Additionally, over the forecast period, favorable government initiatives to promote greenhouse horticulture are forecast to offer attractive growth opportunities to the players in the Vietnam horticulture market.

Vietnam Horticulture Market - Overview:

Horticulture is the area of agriculture that focuses on garden crops, primarily fruits, vegetables, and decorative plants. Particularly for the residents of rural and tribal areas, they provide a significant source of nourishment. For human nutrition, horticultural crops are a significant source of carbohydrates, proteins, organic acids, vitamins, and minerals. The two main subfields of horticulture are the cultivation of ornamental plants (floriculture and landscape horticulture) and food plants (pomology and olericulture).

Vietnam Horticulture Market:

Segmental Information:

Vietnam Horticulture Market - By Propagation:

Based on propagation, the Vietnam horticulture market is segmented into seed, vegetative, layering & cutting, grafting breeding, and others. The vegetative propagation segment accounts for the highest share of the market. It is a more rapid, less expensive, and simpler form of plant propagation than planting seeds. Agriculturists and horticulturists particularly benefit from vegetative propagation as it enables them to cultivate crops that don't produce viable seeds. Vegetative propagation also yields fruit and vegetables without seeds. The modern method of tissue culture can be utilized to create plant species that are virus-free.

Impact of COVID-19 on Vietnam Horticulture Market:

The unprecedented COVID-19 pandemic adversely affected the Vietnam horticulture market. Infections, quarantine procedures, and restrictions delayed the delivery of agricultural inputs, prevented the arrival of seasonal workers, hindered the harvesting of fruits and vegetables, accumulated goods, and disrupted the distribution grid, sometimes resulting in product shortages in supermarkets. However, with a rising focus on sustainability post the pandemic outbreak, the Vietnam horticulture market is projected to flourish during the forecast period.

Competitive Landscape:

Major players operating in the Vietnam horticulture market include: Hoang Anh Gia Lai, VinEco, Dabaco Group, Saigon Agriculture Incorporation, Lam Son Sugar JSC, PAN Group, TH Group, Southern Seed Corporation (SSC), Quang Minh Greenhouse, and Anova Farm. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Horticulture Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Horticulture Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23661

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Vietnam Horticulture Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing Consciousness Regarding Sustainable Crops
  - 3.2.1.2. Increasing Penetration of Sustainable Horticulture Practices
  - 3.2.1.3. Soaring Deployment of Greenhouse Agricultural Practices
- 3.2.2. Restraints
  - 3.2.2.1. Limited Land Availability
  - 3.2.2.2. Surging Requirements for Significant Investments
- 3.2.3. Opportunities
  - 3.2.3.1. Increased Government Programs
  - 3.2.3.2. Advancement of Internet of Things (IoT)-enabled Lighting Systems
- 3.2.4. Challenges
  - 3.2.4.1. Regulatory Compliance
  - 3.2.4.2. Pest And Disease Management
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Vietnam Horticulture Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Cultivation Type
  - 4.2.1.1. Food Plant
  - 4.2.1.2. Ornament Plant
- 4.2.2. By Propagation
  - 4.2.2.1. Seed
  - 4.2.2.2. Vegetative
  - 4.2.2.3. Layering & Cutting
  - 4.2.2.4. Grafting
  - 4.2.2.5. Breeding
  - 4.2.2.6. Others
- 4.2.3. By Application
  - 4.2.3.1. Greenhouse
  - 4.2.3.2. Vertical Farms
  - 4.2.3.3. Indoor Farms

5. Competitive Landscape

5.1. List of Key Players and Their Range
5.2. Vietnam Horticulture Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

6. Impact of Covid-19 on Vietnam Horticulture Market Industry

7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)

7.1. Hoang Anh Gia Lai
7.2. VinEco
7.3. Dabaco Group
7.4. Saigon Agriculture Incorporation
7.5. Lam Son Sugar JSC
7.6. PAN Group
7.7. TH Group
7.8. Southern Seed Corporation (SSC)
7.9. Quang Minh Greenhouse
7.10. Anova Farm
7.11. Other Prominent Players

8. Key Strategic Recommendations

9. Research Methodology

9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents
9.5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC23661

List of Figures

Figure 1 Vietnam Horticulture Segmentation
Figure 2 Vietnam Horticulture Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Horticulture Market Size, By Value (USD Million), 2019-2029
Figure 5 Vietnam Horticulture Market Share, By Cultivation Type, By Value, 2019-2029
Figure 6 Vietnam Horticulture Market Share, By Propagation, By Value, 2019-2029
Figure 7 Vietnam Horticulture Market Share, By Application, By Value, 2019-2029

List of Tables

Table 1 Vietnam Horticulture Market Size, By Cultivation Type, By Value, 2019-2029
Table 2 Vietnam Horticulture Market Size, By Propagation, By Value, 2019-2029
Table 3 Vietnam Horticulture Market Size, By Application, By Value, 2019-2029
Table 4 Hoang Anh Gia Lai Company Overview
Table 5 Hoang Anh Gia Lai Financial Overview
Table 6 VinEco Company Overview
Table 7 VinEco Financial Overview
Table 8 Dabaco Group Company Overview
Table 9 Dabaco Group Financial Overview
Table 10 Saigon Agriculture Incorporation Company Overview
Table 11 Saigon Agriculture Incorporation Financial Overview
Table 12 Lam Son Sugar JSC Company Overview
Table 13 Lam Son Sugar JSC Financial Overview
Table 14 PAN Group Company Overview
Table 15 PAN Group Financial Overview
Table 16 TH Group Company Overview
Table 17 TH Group Financial Overview
Table 18 Southern Seed Corporation (SSC) Company Overview
Table 19 Southern Seed Corporation (SSC) Financial Overview
Table 20 Quang Minh Greenhouse Company Overview
Table 21 Quang Minh Greenhouse Financial Overview
Table 22 Anova Farm Company Overview
Table 23 Anova Farm Financial Overview