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Market Research Report

Vietnam Rice Industry Report 2030: By Rice Variety, By Rice Type, By Grain Size Type, By Application, By Distribution Channel With COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

799

Format :

PDF

Region Covered :

Vietnam

Vietnam Rice Industry Outlook 2017-2030

Globally, 90% production of rice is in Asia, and Vietnam is third largest exporter of rice and by 2018 the total exports are expected to reach 6 million tons on account of growing rice demand from Southeast Asia, majorly from Philippines. Over the past decade Vietnam has increased its rice productivity and profitability and significantly reducing poverty. Government is seen to shift its focus from reducing the poverty towards emphasis on technology usage to eliminate labor intensive farming and thus impacting the growth in productivity of the farmers. Vietnam has around 8 million hectares of land under rice cultivation and it has an average yield of 3.5 tons per hectare. The consumption of rice is growing at steady rate as per the slow population growth rate, having domestic milled rice demand estimated in 2017 to be nearly 1.55 million tons annually. Average revenue from per person consuming rice amounted to USD 107.2 in 2017. Vietnam has poor climate condition in months of winter-spring, but the months of May-June are most suitable for cultivation of rice. Thus Indica rice variety demand produced in Vietnam spur up, boosting the exports of rice.

Goldstein Market Intelligence analyst forecast that the Vietnam rice industry is expected to grow at CAGR of 6.8% over the forecast period. Vietnam rice production was estimated at 44.1 million metric tons in 2017. The factors such as government support in rice production, favorable monsoons, rising number of rice processing companies, increasing exports are majorly impacting the growth of Vietnam rice industry.

By Target Audience

  • Government
  • Rice Processing Companies
  • Rice Exporters And Importers
  • Investors
  • Research Institutions

Vietnam Rice Industry Segmentation

By Rice Variety

  • Japonica
  • Indica
  • Glutinous
  • Aromatic

By Rice Type

  • Milled Rice
  • Brown Rice
  • Rough Rice
  • Parboiled Rice
  • Others (Wild rice, etc.)

By Grain Size Type

  • Long Grain Rice
  • Medium Grain Rice
  • Short Grain Rice

By Application

  • Food Consumption
  • Beer Processing
  • Pet Food

By Distribution Channel

  • Online
  • Offline

On the basis of rice type, milled rice accounted for largest market share in 2017 with 80.3% of total rice production. Over the forecast period milled rice is expected to continue their dominance in the rice production backed by the highest domestic demand for milled rice. Further, Indica rice variety has huge demand from countries importing rice, thus over the forecast period it is expected to grow at a CAGR of 6.91%.

Market Trends, Drivers and Challenges

In the era of technology advancement, there is trend of producing genetically modified (GM) rice to ascertain the quality of rice and food security. Though commercially there is no production of GM rice, but many varieties have been approved for commercial production which is expected to boost the Vietnam rice industry.

Rice is a staple crop for 70% of the world and thus the demand for rice is expected to continue to grow over the forecast period. The food security concerns all over the world is driving the growth of the Vietnam rice industry, which by exporting rice to various countries is contributing towards global food security and growth of rice industry.

With the climate change, continuous rising demand by consumers and the food security, rice industry is facing the challenge of producing rice without compromising on efficiency, equitability, environmentally-friendly, and more resilience to climate change. It has become imperative to produce rice at lesser land, with lesser water and labor.

Covered in This Vietnam Rice Industry Report

The report covers the present ground scenario and the future growth prospects of the rice industry for 2017-2030 along with the Vietnam rice production and revenue of Vietnam rice industry. We calculated the market size and revenue share on the basis of revenue generated from major players involved in rice processing across Vietnam. We have forecast the market on the basis of producers, suppliers and distributors, exporters and importers.

Rice industry outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the rice industry. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Vietnam rice industry report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Vietnam Rice Industry "

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Vietnam Rice Industry " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Top Companies in Competition & The Rising Stars

Vietnam Rice industry report comprises of the following companies as the key players in the Rice industry:

  • DUONG VU COMPANY LIMITED
  • Sona International Company
  • SONG HY GIA LAI
  • DUC MINH CORPORATION
  • Sunrice Food Vietnam
  • DAI TRUNG NGUYEN CO. LTD
  • TVFood Co.Ltd
  • TAN LONG GROUP JOINT STOCK COMPANY.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Vietnam Rice Industry Report

  • What is the total market size by 2030 and what would be the expected growth rate?
  • What is the revenue of Rice industry in 2017-18 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.




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Vietnam Rice Industry Report 2030: By Rice Variety, By Rice Type, By Grain Size Type, By Application, By Distribution Channel With COVID-19 impact | Forecast Period 2017-2030

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