Growth in Demand of Quick Services Restaurants & E-commerce: Vietnam’s food services industry is thriving and expected to grow with a robust CAGR between 2022-2027 owing to high millennial population and changing lifestyle, thus increasing the demand for chilled and frozen pallets to cater to the increasing needs by giants such as Wendy’s, McDonald’s and more. Whereas E-commerce is a major factor in the growth of the logistics industry and especially international shipping sector due to the entries of large global firms.
Expansion of Existing Cold Storages: Logistics players are taking note and expanding current cold storage infrastructure to accommodate the boom in demand for fresh produce and meat, which is driving the market growth. Many cold chain operators are expected to expand their operations and establish many new cold storage warehouses to cater to the large and rising demand for refrigerated storage, providing a significant boost to the Vietnam cold storage industry. In the medium to long term, infrastructure development remains key to improving the cold storage supply.
Adopting Automation and Modern Technologies: Use of robots that can be programmed to perform manual processes in the warehouse, whereas automation is a set of operations that can be performed autonomously with minimal or no human assistance. Also Automated Guided Vehicles (AGVs) are portable machines that navigate themselves through floor stickers, radio waves, vision cameras, wires, magnets, or lasers. This technology is most often used to transport raw materials, work-in-progress, and finished goods around the warehouse.
Occupancy Rate: 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 occupancy rate is high due to need for preserving seafood, agricultural products, and fresh food. Although highest share of cold storage is in southern Vietnam, it is still overloaded with the increasing demand for food and essential goods for nearly 9.0 million people in Ho Chi Minh City. The growing middle-class population and increasing demand of frozen products will also add the occupancy in cold storage, promoting investment trends in cold supply chains and new development opportunities.
Analysts at Ken Research in their latest publication “Vietnam Cold Chain Market Outlook to 2026F- Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that Cold Chain market is an emergent transport and storage market in Vietnam at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, demand among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 14.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.
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
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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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