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.
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
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