Article -> Article Details
| Title | Vietnam Rice Market Size, Share, Growth, Trends and Forecast 2025-2033 |
|---|---|
| Category | Business --> Food and Related |
| Meta Keywords | vietnam rice market |
| Owner | akshaykumar |
| Description | |
| Market Overview The Vietnam rice market size was valued at USD 1.2 Billion in 2024 and is expected to grow to USD 2.3 Billion by 2033, exhibiting a CAGR of 7.33% during the forecast period of 2025-2033. This growth is driven by abundant fertile land, favorable climatic conditions, increased adoption of advanced rice farming technologies, and ongoing R&D activities. Vietnam holds a strong position as the world's third-largest rice exporter, accounting for 10.7% of global exports in 2023. Study Assumption Years
Vietnam Rice Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/vietnam-rice-market/requestsample Market Growth Factors Vietnam's rice market growth is propelled by the availability of abundant fertile land and favorable climatic conditions that are conducive to rice cultivation. Enhanced adoption of advanced agricultural techniques like precision seeding, smart irrigation, and satellite monitoring supports higher yields and quality. Ongoing research and development in rice breeding and agronomy further reinforces production efficiency, ensuring that Vietnam meets both domestic needs and global demand. Export activity significantly stimulates the market, as evidenced in 2023 when rice shipments reached USD 4.37 Billion, constituting over 10% of the world’s total rice exports. Competitive pricing strategies have positioned Vietnam as the world’s cheapest white rice exporter, with FOB prices averaging $399 per metric ton by mid-2025. This cost leadership strengthens its presence in budget-sensitive markets such as the Middle East and Africa, while reliable supply chains enhance international buyer confidence. Sustainability initiatives are shaping long-term growth, particularly in key rice-producing provinces like Long An and Can Tho. Sustainable practices such as alternate wetting and drying (AWD), organic soil enrichment, and integrated pest management are promoted by government training and international projects. Certified low-carbon and chemical-free rice production attract environmentally conscious buyers, especially in Europe and Asia, enhancing Vietnam’s competitiveness in global premium rice markets. Market Segmentation
The market is segmented into regular and aromatic rice types, capturing different consumer preferences and culinary uses.
The report covers diverse rice varieties reflecting varied grain characteristics and applications.
Market analysis includes classification by grain sizes catering to different cooking and consumption needs.
Market channels consist of traditional retail outlets and digital platforms enabling wider reach.
Applications include direct human consumption, use as animal feed, and miscellaneous uses. Regional Insights The Vietnam rice market encompasses Northern, Central, and Southern Vietnam regions. Although detailed statistics on regional market shares or dominance are not explicitly provided, the report highlights that sustainable farming initiatives and pilot projects are concentrated in the Mekong Delta area located in Southern Vietnam, indicating its strategic importance for rice cultivation and sustainable practices. Recent Developments & News
Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. Customization Note If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |