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Vietnam Cold Chain Market, By Cold Storage and Cold Transport, By End Users (Bakery, Dairy, Meat & SeaFood, Fruits and Vegetables): Ken Research

Vietnam Cold Chain Market Overview

Cold Chain Overview

There is a decline in market growth due to convenience and low cost of other forms of transport along with COVID-19 pandemic. But still in 2020, Vietnam’s logistics cost/GDP was still more than 20%, which is high compared to countries in the region as well as the average level of the whole world.  As a result of the Covid-19 epidemic, a sizable portion of the world’s population has altered their eating habits. A rise in retail purchasing may be witnessed owing to an increase in the country’s population’s disposable income, which will fuel the development of cold storage and favorably effect market growth. Citrus fruits, vaccines and vegetables are becoming more popular as people’s eating and consuming habits with new technology and systems in cold chain business which will help the firms.

How Is Cold Chain Market Positioned In Vietnam?

Market Overview

Vietnam cold chain market was evaluated to grow at a double-digit CAGR during 2016-2021. The market is currently in the growth stage owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector. Correspondingly, the Vietnam Cold Chain Industry Ecosystem is driven by large-scale 3PL companies with Real Estate companies investing in logistics services. The occupancy rate in the cold storage market has been increasing owing to undersupply of cold storage warehouses, especially in the major cities and ports where demand for cold storage is exceeding the supply. The prices in cold storage in Vietnam are directly related to inflation and as inflation rises, the prices increase as a result. Other factors affecting prices also include the increasing demand for citrus, meat, and seafood.

Vietnam Cold Chain Market Segmentations

The Vietnam Cold Chain Market has grown from 2016 to 2021 due to the export of iron and steel, rise in the economy, transport of domestic goods like household goods and food. During covid the market faced some downfall but the demand of vaccines and fruits was very high. The demand for cold chain is increasing due to increasing e-commerce in the country which include supply, production and distribution process. Thus, distribution process helped primarily the transportation segment to grow in the country.

By End User: Cold chain market across all the end users is growing in Vietnam due to increasing income and rising demand for high quality logistics.

By Ownership: In 3PL the party outsources packing, storage, transportation and delivering products whereas in owned the party has its own warehouse/reefer trucks and packs, stores and delivers products without using any logistics space or transport from an outside party.

vietnam-cold-chain-market

Key Segments Covered in the report

Vietnam Cold Chain Market

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Ownership

3PL Cold Chain Facilities

Owned

Vietnam Cold Storage Market

By Temperature Range

Frozen

Chillers

Ambient

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By Automation

Non-automated Pallets

Automated Pallets

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Major Cities

Ho Chi Minh

Hanoi Capital

Binh Duong

Long An

Other

Vietnam Cold Transport Market

By Truck Type

Reefer Vans/Trucks

20-foot reefers

40-foot reefers and others

By Mode of Transportation

Land

Sea

Air

In Land Water ways

By Location

International

Domestic

By Vicinity

Inter-city

Intra-city

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Cold Transport Companies

Captive Cold Storage Companies

Captive Cold Chain Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:-

Historical Period: 2016-2021

Base Year: 2021

Forecast Period: 2021-2026F

Companies Covered:-

Lineage

Transimex

Hung Vuong Corporation

AJ Total Vietnam

Mekong Logistics

ARC Bing Duong

ABA Cooltrans

Emergent cold storage

SK Cold Storage

Lotte logistics

Konoike

Hong Lai Group

New Land Logistics

Thang Long Logistics

Crane Worldwide Logistics

ALS Avaition Logistics

Arctic Wolf

Vinafco

For more information on the research reports, refer to below link:-

Vietnam Cold Chain Market

Related Reports:-

Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Malaysia Cold Chain Market Outlook To 2026 – Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth

South Africa Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood & Fruits and Vegetables Consumption & Owing to Growing Population and Infrastructural Development

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