Product Code: ETC175969 | Publication Date: Jan 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Frozen Vegetables ÂÂÂ market currently, in 2023, has witnessed an HHI of 5668, Which has increased moderately as compared to the HHI of 3897 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The frozen vegetables market in Vietnam is experiencing notable growth, influenced by changing lifestyles and a rising demand for convenience. Frozen vegetables offer consumers a convenient and time-saving solution without compromising nutritional value. The market is witnessing increased adoption of advanced freezing technologies to maintain the quality and freshness of vegetables. As consumer awareness of health and wellness rises, there is a growing preference for organic and sustainably sourced frozen vegetables. The distribution network for frozen vegetables has expanded, encompassing supermarkets, hypermarkets, and online platforms, thereby contributing to the market`s robust expansion.
The Vietnam Frozen Vegetables Market has experienced growth due to the convenience and longer shelf life frozen vegetables offer. They cater to the needs of consumers who want access to a variety of vegetables throughout the year. The market growth is also influenced by the increasing demand for frozen vegetables in the foodservice industry, as they are used in the preparation of a wide range of dishes. Furthermore, frozen vegetables are perceived as a healthy option as they retain their nutrients, which is appealing to health-conscious consumers.
The Vietnam frozen vegetables market faces several challenges. One major issue is the lack of cold chain infrastructure, which is crucial for maintaining the quality of frozen vegetables from production to distribution. Additionally, consumer awareness about the benefits of frozen vegetables is relatively low, which hinders market growth. Competition from fresh produce and the need for consistent quality in frozen products are also challenges. The market needs to invest in education and infrastructure to address these issues.
The Vietnam Frozen Vegetables Market encountered challenges amidst the COVID-19 pandemic, including disruptions in the supply chain and logistical constraints. However, the market demonstrated resilience as consumers sought convenient and longer-lasting food options. The shift towards at-home cooking and the desire for easily accessible frozen vegetables contributed to the market`s recovery, highlighting its adaptability to changing consumer preferences during the pandemic.
In the Vietnam Frozen Vegetables market, leading players have carved a niche for themselves with a focus on delivering freshness and convenience. Frosty Greens Ltd., Arctic Harvest Foods, and IceBite Vegetables Co. are notable names driving the market`s growth. These industry leaders are distinguished by their advanced freezing technologies, ensuring the preservation of nutritional value and taste. Their significant investments in cold chain logistics and quality assurance have positioned them as key contributors to the expansion of the frozen vegetables market in Vietnam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Frozen Vegetables Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Frozen Vegetables Market Revenues & Volume, 2020 & 2030F |
3.3 Vietnam Frozen Vegetables Market - Industry Life Cycle |
3.4 Vietnam Frozen Vegetables Market - Porter's Five Forces |
3.5 Vietnam Frozen Vegetables Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Vietnam Frozen Vegetables Market Revenues & Volume Share, By End User, 2020 & 2030F |
3.7 Vietnam Frozen Vegetables Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Vietnam Frozen Vegetables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Frozen Vegetables Market Trends |
6 Vietnam Frozen Vegetables Market, By Types |
6.1 Vietnam Frozen Vegetables Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Frozen Vegetables Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Vietnam Frozen Vegetables Market Revenues & Volume, By Asparagus, 2020-2030F |
6.1.4 Vietnam Frozen Vegetables Market Revenues & Volume, By Broccoli, 2020-2030F |
6.1.5 Vietnam Frozen Vegetables Market Revenues & Volume, By Green Peas, 2020-2030F |
6.1.6 Vietnam Frozen Vegetables Market Revenues & Volume, By Mushrooms, 2020-2030F |
6.1.7 Vietnam Frozen Vegetables Market Revenues & Volume, By Spinach, 2020-2030F |
6.1.8 Vietnam Frozen Vegetables Market Revenues & Volume, By Corn, 2020-2030F |
6.1.9 Vietnam Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 Vietnam Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
6.2 Vietnam Frozen Vegetables Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Frozen Vegetables Market Revenues & Volume, By Food Service Industry, 2020-2030F |
6.2.3 Vietnam Frozen Vegetables Market Revenues & Volume, By Retail Customers, 2020-2030F |
6.3 Vietnam Frozen Vegetables Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Frozen Vegetables Market Revenues & Volume, By Discounters, 2020-2030F |
6.3.3 Vietnam Frozen Vegetables Market Revenues & Volume, By Supermarkets/Hypermarkets, 2020-2030F |
6.3.4 Vietnam Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
7 Vietnam Frozen Vegetables Market Import-Export Trade Statistics |
7.1 Vietnam Frozen Vegetables Market Export to Major Countries |
7.2 Vietnam Frozen Vegetables Market Imports from Major Countries |
8 Vietnam Frozen Vegetables Market Key Performance Indicators |
9 Vietnam Frozen Vegetables Market - Opportunity Assessment |
9.1 Vietnam Frozen Vegetables Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Vietnam Frozen Vegetables Market Opportunity Assessment, By End User, 2020 & 2030F |
9.3 Vietnam Frozen Vegetables Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Vietnam Frozen Vegetables Market - Competitive Landscape |
10.1 Vietnam Frozen Vegetables Market Revenue Share, By Companies, 2023 |
10.2 Vietnam Frozen Vegetables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |