Rice
paddy is a flooded or irrigated field
where rice is grown. Rice is a most important crop that is used as a primarily
food source, providing 21% of energy and 15% of protein for humans. It is also
a main source of income for millions of households in rural area of Vietnam
country as well. It consists of various parts for instance endosperm, awn, hull,
bran layers, and germ (embryo).
According to study, “Vietnam Rice-Paddy Industry Comprehensive Report
Q4/2019” the key companies operating in the Vietnam
rice-paddy industry are Vinafood I, Vinafood II, Kigimex, Tan thanh an company
limited, Tin thuong investment trading JSC, Vietnam intimex joint stock
corporation, Thuan minh import export corporation, Tan dong tien JSC, Agricam,
Gia international Corp.
Based on rice variety, Vietnam rice-paddy market
is segmented into Japonica, Glutinous, Indica and Aromatic. Based on rice type,
market is segmented into milled rice, rough rice, brown rice, parboiled rice
and others (wild rice, etc.). Based on grain size type, market is segmented
into long grain white rice (high quality), long grain white rice (low quality),
long grain parboiled rice, long grain fragrant rice, broken and
medium grain milled. The long
rice (high quality) is one of the superior class rice and it is not consumed on
a regular basis. Based on distribution channel, market is segmented into
departmental stores, hypermarkets or supermarket, and others. In addition,
based on application, market is segmented into pet food, food consumption and
beer processing.
The Vietnam
rice-paddy market is driven by growth in fast food industry &
restaurants, followed by increase in consumption of rice, rise in per capita
income and increase in number of diabetic & obesity patients (brown rice).
However, decline in investments made in productivity research may impact the
market. Moreover, growth in production of genetically modified (GM) rice to
determine the quality of rice & food security is a key trend for market.
Currently, Vietnam holds fifth rank in the
rice consumption volume. In which, 68% of the total volume is used for humans,
25% is used for animal feed industry and 7% is used for other purposes for
instance the demand for rice in the industrial-scale food processing industry, especially
for wine and beer industry. Apart from this, Vietnam country is also a third
largest exporter of rice and it is expected that the total exports will be
reached at 7 million tons owing to increase in rice demand from Southeast Asia,
majorly from Philippines. Over the past decade country has increased its rice
productivity & profitability and significantly reducing poverty. The
consumption of rice is growing at firm rate as per the slow population growth
rate, having domestic milled rice demand predictable to be nearly 2 million
tons annually. Vietnam has poor weather condition in months of winter-spring,
but the months of May-June are most appropriate for cultivation of rice. Thus
Indica rice variety demand produced in country spur up, boosting the exports of
rice. In upcoming years, it is anticipated that future of the market will be
bight as a result of convenient weather for plants to grow & develop during
the forecast period.
For More
Information on the research report, refer to below link:-
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Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
