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

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

The report titled “Vietnam Cold Chain Market Outlook to 2026F- Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” provides a comprehensive analysis of the Cold Chain market in Vietnam. The report covers overview and genesis of the industry, service wise market size; market segmentations; analysis on Cold Chain market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in Vietnam. The report concludes with future market projections of each service segmentation and Analyst recommendations to win the Cold Chain Market in Vietnam.

Vietnam Cold Chain 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. Other factors affecting prices also include the increasing demand for citrus, meat, and seafood.

Vietnam Cold Chain Market Size and Segmentations

The Vietnam Cold Chain Market has grown from 2016 to 2021 due to the increasing e-commerce in the country which include supply, production and distribution process. Also, the rise in export volume of Vietnam post-Covid-19 contributes to the growth of the cold chain.

Vietnam Cold Chain Market Segmentations:

By End User: Meat and seafood contributes majority of the revenue in the Cold chain market across all the end users due to increasing income and rising demand for fresh and quality seafood.

By Ownership: 3PL contributes majority of the revenue in the Cold chain market generates due to the low operational cost involved in owned cold chain facilities.

Snapshot of Vietnam Cold Storage Market

Vietnam Cold Storage Market Overview: The market is in its growth stage owing to Greenfield investment by Korean companies as the number of M&A project is approximated 4 times higher than the others. Rising number of logistics enterprises in the last decade are shaping the Vietnam Cold Chain Market. The demand in cold storage sector is growing due to increasing import-export activities and FDI attraction in Vietnam.

Vietnam Cold Storage Market Segmentation:

By Temperature Range: The Vietnam Cold Storage market is dominated by freezer and chillers owing to rising imports-exports activities and consumption of seafood and meat in the country. The demand for freezer and chillers increases to reduce the losses and satisfy strict requirements from large export markets such as EU, USA, and Japan.

By Automation: The market share of non-automated pallets is high because of high initial investment and maintenance cost involved in automated pallets.

By End User: Cold storage market in Vietnam is dominated by meat and seafood because Vietnam is one of the largest seafood exporters in the world.

By Major Cities: An exemplary practice in major cities of Vietnam is the development of multi-client Urban Distribution Centres on the outskirts of the city aiming at consolidating the deliveries of various consumer goods to retailers and shops located in the same sub-urban area before the goods enter the city.

Vietnam Cold Storage Market Competition Scenario: The market is highly fragmented with multiple players where the top 4 companies capturing majority of the market share. Some of the competing parameters in the cold storage market are occupancy rate, client base, total pallet positions, and no. of cold storage warehouses and other value-added services.

Vietnam Cold Storage Market Future Outlook: The cold storage sector in Vietnam is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines. Growing demand for temperature-controlled products in the country, entry of several new players and government initiatives and programs are anticipated to propel the cold storage market.

Snapshot of Vietnam Cold Transport Market

Vietnam Cold Transport Market Overview: Vietnam cold transport market was evaluated to grow positively during 2016-2021.Infrastructural development by the government, an increasing number of food businesses, and an inclining number of cold transport companies are propelling the market growth. The majority of the companies in the meat and seafood market opt for cold chain transportation rather than keeping their own fleet owing to cost savings and ease of operations. Other sectors such as dairy, pharma, and processed food market usually prefer their own fleet so as to avoid any damage to the products.

Vietnam Cold Transport Market Segmentation:

By Truck Type: Mostly smaller vans are used for transportation because light trucks are allowed to enter the HCM city’s urban area during peak hours from 6am to 9am and from 4pm to 10pm.

By Mode of Transportation: Majority of the products transported by Vietnamese eenterprises through land route is for domestic location.Road freight operations are concentrated in the Red River Delta and the Southeast, including Hanoi and Ho Chi Minh City.

By Location: Domestic transportation penetrate the cold transport market in Vietnam with transportation of products from inter city is rising.

By End Users: Meat and Seafood have largest share in Vietnam cold transport market in 2021.

By Vicinity: Intercity cold transportation dominates the market due to the large number of vans fleet.

Vietnam Cold Transport Market Competition Scenario: Vietnam Cold Transport market comprises more than double-digit players competing on the client base, fleet size, cold transport services, total pallet positions, no. of cold transport fleet. Additionally, the Vietnam Cold chain industry is being shaped by a growing middle class and a flourishing e-commerce sector.

Vietnam Cold Transport Market Future Outlook: The Vietnam cold transport market revenue is expected to increase at an impressive CAGR over the forecastperiod 2021-2026. The key contributing factors for such high growth include the development of new cold transport systems, the mounting of the food service industry owing to changes in lifestyle and consumption habits, a rise in automation, growing meat and seafood consumption, and a rise in the level of competition. Projects like Ring Road 3 and 4, the highway to the Moc Bai Border Gate and Cai Mep Port project, Long Thanh International Airport, and Hiep Phuoc Port City will boost the development of the sector in the years to come in the Southern Key Economic Region (SKER).

Comparative Landscape in Vietnam Cold Chain Market

The Cold chain market is highly fragmented and is home to many cold transportation & storage players. The strategic initiatives by market players like pre-installed chillers, increased floor load capacity, and higher ceiling heights act as an opportunity for the market's growth. increased technological innovations, expansion of pallets by major companies, and existing market leaders like Lineage and Hung Vuong Corporation have increased the competition in the market.

Vietnam Cold Chain Market Future Outlook: The cold chain market is expected to be fueled by increasing demand for temperature-controlled products in the country, the entry of several new players, and government initiatives and programs. Several cold chain operators are expanding their operations and setting up many new cold storage facilities to meet the high and growing demand for cold storage, giving a significant boost to the cold storage industry in Vietnam.

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

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

Key Topics Covered in the Report

Country Overview and Infrastructure Analysis of Vietnam

Vietnam Cold Chain Market Overview and Genesis

Vietnam Cold Chain Industry Supply Ecosystem

Business Cycle and Genesis of Vietnam Cold Chain Market

Vietnam Cold Chain Market, 2016-2021

Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)

Vietnam Cold Storage Market, 2016-2021

Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)

Vietnam Cold Transport Market Overview, 2016-2021

Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)

SWOT Analysis of Vietnam Cold Chain Market

Competition Scenario of Vietnam Cold Chain Market

Growth drivers of Vietnam Cold Chain Market

Technological Advancements in the Vietnam Cold Chain Market

Issues and Challenges in the Vietnam Cold Chain Market

Recent Trends in the Vietnam Cold Chain Market

End User Analysis of Vietnam Cold Chain Market

Future Outlook of Vietnam Cold Chain Market, 2021-2026F

Future Outlook of Vietnam Warehousing Market, 2021-2026F

Future Outlook of Vietnam Cold Storage Market, 2021-2026F

Future Outlook of Vietnam Cold Transport Market, 2021-2026F

Market Opportunities and Analyst Recommendation

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