Market Size of vietnam vegetable seed Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 73.46 Million |
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Market Size (2030) | USD 109.7 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 6.91 % |
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Fastest Growing by Breeding Technology | Hybrids |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Vegetable Seed Market Analysis
The Vietnam Vegetable Seed Market size is estimated at 73.46 million USD in 2024, and is expected to reach 109.7 million USD by 2030, growing at a CAGR of 6.91% during the forecast period (2024-2030).
73.46 Million
Market Size in 2024 (USD)
109.7 Million
Market Size in 2030 (USD)
8.37 %
CAGR (2017-2023)
6.91 %
CAGR (2024-2030)
Largest Market by Crop Family
23.11 %
value share, Roots & Bulbs, 2023
It is the largest due to the increase in market value, the increase in demand from processing industries, and the availability of high-yielding varieties in the market.
Largest Market by Breeding Technology
74.04 %
value share, Hybrids, 2023
The high share of hybrids is associated with the increasing area under hybrids, the comparatively higher seed replacement rate, high yield, and disease resistance.
Fastest-growing Market by Crop Family
5.13 %
Projected CAGR, Solanaceae, 2024-2030
It is the fastest growing due to the increased production and growing demand from the processing industry and its adaptability to wider growing environments.
Fastest-growing Market by Breeding Technology
7.29 %
Projected CAGR, Hybrids, 2024-2030
Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.
Leading Market Player
23.54 %
market share, Bayer AG, 2022
Bayer AG is a prominent player in the region with its wider portfolio, which includes high-performance crop varieties that are suitable for local climatic conditions.
Hybrids dominated the market due to the high adaption and availability of hybrid seeds are driving the market growth
- In Vietnam, hybrid vegetable seeds dominated the market, accounting for 73.7% of the vegetable seed market in 2022. This is mainly due to the high adaption and availability of hybrid seeds compared to open-pollinated varieties and hybrid derivatives, where the adaptability is low.
- The unclassified vegetables hybrid seed segment held a major share value in the vegetable seed market with 34.5% in 2022, followed by roots and bulbs seeds. Among vegetables, cabbage is largely cultivated, and increased consumption of cabbage is estimated to increase the demand for seeds. Farmers can grow healthier, more nutrient crops with hybrid vegetable seeds that are also climate-resistant, need less irrigation, protection, and fertilizer, and have shorter production cycles.
- Open-pollinated varieties and hybrid derivatives accounted for a market share of 26.3% in 2022. The low share is mainly due to a preference for high-yielding and disease-resistant hybrids. Roots and bulbs crops dominated the open-pollinated varieties and hybrid derivatives seed market, accounting for 31.3% of the market value, followed by unclassified vegetables at 27.7%, cucurbits at 15.7%, Solanaceae at 14.2%, and brassicas at 11.1% in 2022.
- More than 80% of the hybrid seeds are imported from other countries, especially Thailand, China, Japan, and South Korea. This is mainly due to the high cost of production, which is difficult to compete with imports.
- Thus, the rising population, increasing demand for food, and high demand for high-yielding hybrid varieties are expected to drive the growth of the hybrid seeds market during the forecast period.
Understand The Key Trends Shaping This Market
Vietnam Vegetable Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Brassicas, Cucurbits, Roots & Bulbs, Solanaceae, Unclassified Vegetables are covered as segments by Crop Family.
- In Vietnam, hybrid vegetable seeds dominated the market, accounting for 73.7% of the vegetable seed market in 2022. This is mainly due to the high adaption and availability of hybrid seeds compared to open-pollinated varieties and hybrid derivatives, where the adaptability is low.
- The unclassified vegetables hybrid seed segment held a major share value in the vegetable seed market with 34.5% in 2022, followed by roots and bulbs seeds. Among vegetables, cabbage is largely cultivated, and increased consumption of cabbage is estimated to increase the demand for seeds. Farmers can grow healthier, more nutrient crops with hybrid vegetable seeds that are also climate-resistant, need less irrigation, protection, and fertilizer, and have shorter production cycles.
- Open-pollinated varieties and hybrid derivatives accounted for a market share of 26.3% in 2022. The low share is mainly due to a preference for high-yielding and disease-resistant hybrids. Roots and bulbs crops dominated the open-pollinated varieties and hybrid derivatives seed market, accounting for 31.3% of the market value, followed by unclassified vegetables at 27.7%, cucurbits at 15.7%, Solanaceae at 14.2%, and brassicas at 11.1% in 2022.
- More than 80% of the hybrid seeds are imported from other countries, especially Thailand, China, Japan, and South Korea. This is mainly due to the high cost of production, which is difficult to compete with imports.
- Thus, the rising population, increasing demand for food, and high demand for high-yielding hybrid varieties are expected to drive the growth of the hybrid seeds market during the forecast period.
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Vietnam Vegetable Seed Market Size Summary
The Vietnam Vegetable Seed Market is experiencing significant growth, driven by the increasing demand for high-yielding and disease-resistant hybrid seeds. Hybrid vegetable seeds dominate the market due to their adaptability, climate resistance, and reduced need for irrigation and fertilizers. This preference is further supported by the substantial import of hybrid seeds from countries like Thailand, China, Japan, and South Korea, as local production costs remain high. The market is characterized by a strong focus on hybrid seeds, particularly in the unclassified vegetables and roots and bulbs segments, with cabbage being a major cultivated crop. The expanding area under vegetable cultivation, fueled by rising population and income levels, is expected to further boost the market's growth.
The demand for quality attributes in vegetable seeds, such as disease resistance, uniformity, and adaptability, is on the rise, with companies like Rijk Zwaan, Bejo Zaden, and Groupe Limagrain leading the market. These traits are crucial for maintaining high yields and extending shelf life, which are essential for meeting the growing consumer demand for fresh produce. The market is moderately consolidated, with major players like Bayer AG, Enza Zaden, and Syngenta Group holding significant shares. Recent strategic moves, such as Enza Zaden's acquisition of a carrot breeding program and the introduction of new resistant lettuce and tomato varieties, highlight the ongoing innovation and competitive dynamics within the market.
Vietnam Vegetable Seed Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Breeding Technology
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1.1.1 Hybrids
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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1.2 Cultivation Mechanism
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1.2.1 Open Field
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1.2.2 Protected Cultivation
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1.3 Crop Family
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1.3.1 Brassicas
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1.3.1.1 Cabbage
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1.3.1.2 Carrot
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1.3.1.3 Cauliflower & Broccoli
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1.3.1.4 Other Brassicas
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1.3.2 Cucurbits
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1.3.2.1 Cucumber & Gherkin
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1.3.2.2 Pumpkin & Squash
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1.3.2.3 Other Cucurbits
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1.3.3 Roots & Bulbs
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1.3.3.1 Garlic
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1.3.3.2 Onion
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1.3.3.3 Potato
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1.3.3.4 Other Roots & Bulbs
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1.3.4 Solanaceae
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1.3.4.1 Chilli
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1.3.4.2 Eggplant
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1.3.4.3 Tomato
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1.3.4.4 Other Solanaceae
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1.3.5 Unclassified Vegetables
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1.3.5.1 Asparagus
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1.3.5.2 Spinach
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1.3.5.3 Other Unclassified Vegetables
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Vietnam Vegetable Seed Market Size FAQs
How big is the Vietnam Vegetable Seed Market?
The Vietnam Vegetable Seed Market size is expected to reach USD 73.46 million in 2024 and grow at a CAGR of 6.91% to reach USD 109.71 million by 2030.
What is the current Vietnam Vegetable Seed Market size?
In 2024, the Vietnam Vegetable Seed Market size is expected to reach USD 73.46 million.
