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Vietnam Seed Sector Analysis Market Size & Share Report 2031
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Vietnam Seed Sector Analysis Market Size & Share Report 2031

Segments - Vietnam Seed Sector Analysis Market by Row Crops [Crops (Rice, Maize, Soybean, Groundnut, Other Row Crops), Vegetables (Cassava, Sweet Potatoes, Cabbages and Other Vegetables)], Products (Hybrid Seeds, Conventional Seeds, Varietal Seeds) and Country (Vietnam) - Vietnam Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-1589 | 4.3 Rating | 80 Reviews | 216 Pages | Format : PDF Excel PPT

Report Description


Vietnam Seed Sector Analysis Market Outlook

The Vietnam seed sector analysis market size was valued at USD 230.96 Million in 2022 and is likely to reach USD 360.14 Million by 2031, expanding at a CAGR of 5.06% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing demand for seeds from the beverage, animal feed, and biofuel industries.

A seed is a mature fertilized ovule of a flowering plant that carries an embryo. The process of reproduction in plants completes after formation of seed. Seeds can be categorised as angiosperms and gymnosperms.

Vietnam Seed Sector Analysis Market Outlook

Hard or fleshy structure of seed is known as a fruit that covers the seeds for protection. Production of seeds in natural plant differentiate according to weather conditions, insects & diseases, and internal cycles within the plants. 

Seed quality is checked for their several properties. Determination of germination prospective & seed strength in different substrates such as paper, sand and soil is done.  Seed viability, moisture, and sorting are some of the analytical methods available for seed testing.

  • The Vietnam seed market is highly competitive, as well as consolidated as the top eight companies in the country account for around 80% of the seed industry, which can create challenges for the new entrants in the market.
  • According to the Ministry of Planning and Investment in Vietnam, the agricultural sector has great potential, as foreign direct investment (FDI) inflow is growing gradually. This factor is expected to positively influence the growth of the market.
  • Rising demand for seeds owing to growing population and increasing food demand is anticipated to spur the growth of the market.
  • Growing farmers demand for seeds that can improve the crop yield and increase their returns is estimated to boost the market growth in the coming years.
  • Biotechnology is used to develop stress-tolerant and nutritious crop varieties to protect natural resources, which is speculated to fuel the market expansion during the forecast period.
  • There are more than 260 local seed companies in Vietnam, only five of them produce seeds on a commercial scale, as other companies consist of less funds, which is anticipated to hamper the market expansion.
  • Increasing hybrid seed penetration in multiple crops is expected to foster the growth of the market.
  • Rising R&D investments and ongoing technological advancements to develop advanced seeds are expected to create significant opportunities for the market players.

Scope of Vietnam Seed Sector Analysis Market Report

The report on the Vietnam seed sector analysis market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Seed Sector Analysis Market - Vietnam Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Row Crops [Crops (Rice, Maize, Soybean, Groundnut, Other Row Crops), Vegetables (Cassava, Sweet Potatoes, Cabbages and Other Vegetables)], Products (Hybrid Seeds, Conventional Seeds, Varietal Seeds)

Geographical Zone

Vietnam

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Vietnam Syngenta Co Ltd, Takii Seed Vietnam, Sakata Vietnam Co. Ltd., Vilmorin & Cie, and Vinaseed

Vietnam Seed Sector Analysis Market Segment Insights

On the basis of crops, the market is segregated into row crops & vegetables. The row crops segment is further divided into rice, maize, soybeans, and others. The row crops segment is anticipated to represent a major market share during the forecast period, as grains constitute a major portion of food demand in the country.

Vietnam Seed Sector Analysis Market Crops

The vegetables segment is further categorized as cassava, sweet potatoes, and cabbages. The vegetables segment is projected to grow at a rapid pace during the forecast period. Vegetables are crucial part of a healthy diet; as different vegetables comprise of varied amounts of nutrients.

A diet rich in vegetables help to reduce the occurrence of any disease or disorder. Additionally, eating healthy non-starchy vegetables, such as lettuce and spinach help in weight loss. Thus, the requirement to meet diverse dietary and nutritional vegetables have fuelled the growth of the market segment

Vietnam Seed Sector Analysis Market Products

Segments

Crops

  • Row Crops
    • Rice
    • Maize
    • Soybean
    • Groundnut
    • Other Row Crops
  • Vegetables
    • Cassava
    • Sweet Potatoes
    • Cabbages
    • Other Vegetables

Products

  • Hybrid Seeds
  • Conventional Seeds
  • Varietal Seeds

Country

  • Vietnam

Key Players

Competitive Landscape

Key players competing in the Vietnam seed sector analysis market include Vietnam Syngenta Co Ltd, Takii Seed Vietnam, Sakata Vietnam Co. Ltd., Vilmorin & Cie, and Vinaseed.

Vietnam Seed Sector Analysis Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vietnam Seed Sector Analysis Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vietnam Seed Sector Analysis Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vietnam Seed Sector Analysis Market - Supply Chain
  4.5. Global Vietnam Seed Sector Analysis Market Forecast
     4.5.1. Vietnam Seed Sector Analysis Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vietnam Seed Sector Analysis Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Vietnam Seed Sector Analysis Market Absolute $ Opportunity
5. Global Vietnam Seed Sector Analysis Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Vietnam Seed Sector Analysis Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
6. North America Vietnam Seed Sector Analysis Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Vietnam Seed Sector Analysis Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
7. Latin America Vietnam Seed Sector Analysis Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Vietnam Seed Sector Analysis Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
8. Europe Vietnam Seed Sector Analysis Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Vietnam Seed Sector Analysis Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
9. Asia Pacific Vietnam Seed Sector Analysis Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Vietnam Seed Sector Analysis Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
10. Middle East & Africa Vietnam Seed Sector Analysis Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Vietnam Seed Sector Analysis Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Vietnam Seed Sector Analysis Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Vietnam Seed Sector Analysis Market: Market Share Analysis
  11.2. Vietnam Seed Sector Analysis Distributors and Customers
  11.3. Vietnam Seed Sector Analysis Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Vietnam Syngenta Co Ltd Takii Seed Vietnam Sakata Vietnam Co. Ltd. Vilmorin & Cie Vinaseed

Methodology

Our Clients

Dassault Aviation
Honda Motor Co. Ltd.
sinopec
Siemens Healthcare
The John Holland Group
General Electric
Deloitte
General Mills