The forecasted market size volume for vegetables in Vietnam indicates steady growth from 2014 onwards, moving from 14.26 million metric tons in 2014 to 16.96 million metric tons in 2023. The data reflects fluctuations in year-on-year growth with significant increases in certain years such as 2016 (5.69%) and 2018 (7.66%), and minor declines in 2017 (-0.3%) and 2019 (-1.01%). Despite slower growth in recent years, the compound annual growth rate (CAGR) from 2019 to 2023 stood at 0.58%. Moving forward, a 5-year CAGR forecast of 0.68% points to continued but modest growth, expecting a total increase of 3.43% by 2028.
Future trends to watch for include potential impacts from climate change, advancements in agricultural technology, and shifts in consumer preferences towards organic and sustainably-sourced produce. Additionally, government policies and international trade agreements could play a significant role in shaping the market dynamics in coming years.
