Vietnam Cold Chain Market Analysis, Future Outlook and Growth: Ken Research

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 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.

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: Approximately ~% of the products transported by Vietnamese. Enterprises through land route is for domestic location.

By Location: The imports of products mainly include medicaments, antisera, etc. which is increasing due to increasing economic growth, rising income of the country.

By Vicinity: Products require a wide range of reefer vans and trucks for the transportation from inter and intra city.

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

Supply Side Ecosystem For Vietnam Cold Chain Market

Vietnam Cold Chain Market is highly competitive with presence of both global and local companies; competing in the market with a total of ~XX major players are seizing the opportunity.

Competition Scenario In Vietnam Cold Chain Market

The Cold chain market is highly fragmented and is home to triple-digit cold transportation & storage players (not including captives). 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 added more competition parameters in the market.

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Vietnam Cold Chain Market Future Outlook And Projections

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. Over the near term, Cold Chain market is expected to grow at a CAGR of ~% over the period 2021-2026F during this several challenges such as increasing crime rates, volatility in fuel prices, rising inflation and slow growth in economy will act as a hindrance to growth. Due to growth of QSRs, last mile delivery growth has also risen but many issues are prevalent such as dry ice being used by retail shops to deliver the product to end user. Though, the Cold Chain Market is expected to grow at a CAGR of ~% over the forecasted period 2021 to 2026F owing to seen infrastructural developments in cities which is leading to formal trading and stricter norms and regulations by the government across the country.

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 Aviation Logistics

Arctic Wolf

Vinafco

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-cold-chain-market-outlook-to-2026/596105-100.html

Related Reports:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-cold-chain-market-outlook-to-2026/592483-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/south-africa-cold-chain-market-outlook-to-2026/596090-100.html

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