Vietnam Cold Chain Market Outlook to 2026F
Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges
November 2022
113
About the Report
About the Report
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
- 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
- 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
- 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
- Historical Period: 2016-2021
- Base Year: 2021
- Forecast Period: 2021-2026F
- 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
- 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
Products
Products
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
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
Table of Contents
Table of Contents
1. Executive Summary
1.1 Executive Summary of Vietnam Cold Chain Market
2. Country Overview and Infrastructure Analysis of Vietnam
2.1 Country Overview of Vietnam
2.2 Vietnam Population Analysis, 2021
2.3 Cross Comparison of Quality of Infrastructure of ASEAN Countries
2.4 Road Transport Overview
2.5 Air Transport Overview
2.6 Sea Transport Overview
3. Vietnam Cold Chain Market Overview and Genesis
3.1 Vietnam Cold Chain Industry Supply Ecosystem
3.2 Business Cycle and Genesis of Vietnam Cold Chain Market
3.3 Understanding Value Chain of Vietnam Cold Chain Industry
3.4 Major Challenges in Vietnam Cold Chain Market Value Chain
3.5 Existing Technologies in Vietnam Cold Chain Market
3.6 Vietnam Cold Chain Market Size, 2016-2021
4. Vietnam Cold Chain Market Segmentation
4.1 By Cold Storage and Cold Transport, 2016-2021
4.2 By Ownership, 2021
4.3 By End Users, 2021
5. Vietnam Cold Storage Market
5.1 Vietnam Cold Storage Market Size, 2016-2021
5.2 Vietnam Cold Storage Market Segmentation by Automation (By Pallets), 2021
5.3 Vietnam Cold Storage Market Segmentation by Temperature Range, 2021
5.4 Vietnam Cold Storage Market Segmentation by End Users, 2021
5.5 Vietnam Cold Storage Market Segmentation by Region, 2021
5.6 Demand Supply Scenario of Vietnam Cold Storage Market
6. Vietnam Cold Transport Market Overview
6.1 Overview of Vietnam Cold Transportation Industry
6.2 Challenges and Opportunities in Vietnam Cold transportation Market
6.3 Vietnam Cold Transport Market Revenue, 2016-2021
6.4 Vietnam Cold Transport Market Segmentation by Type of Reefer Truck, 2021
6.5 Vietnam Cold Transport Market Segmentation by Mode of Transportation, 2021
6.6 Vietnam Cold Transport Market Segmentation by Location & Vicinity, 2021
6.7 Vietnam Cold Transport Market Segmentation by End Users, 2021
7. Vietnam Cold Chain Market Competition Landscape
7.1 Market Positioning Analysis of Major Cold Chain Players in Vietnam
7.2 Market Share of Major Cold Chain Players in Vietnam
7.3 Strengths and Weakness of Major Cold Chain Players in Vietnam
7.4 Cross Comparison of Vietnam Cold Chain Market Players
8. Investment Model for Vietnam Cold Chain Industry
8.1 Assumptions Taken into Consideration
8.2 Fixed Investment
8.3 Operating Model
8.4 Variable Cost
8.5 Revenue Stream
9. Vietnam Cold Chain Industry Analysis
9.1 SWOT Analysis of Vietnam Cold Chain Market
9.2 Impacts of Trade agreements related to Logistics in Vietnam
9.3 Growth drivers of Vietnam Cold Chain Market
9.4 Technological Advancements in the Vietnam Cold Chain Market
9.5 Recent Trends in the Vietnam Cold Chain Market
9.6 Issues and Challenges in the Vietnam Cold Chain Market
9.7 Legal Document Policies related to Foreign Investments in Vietnam
9.8 Development Policies to Support Logistics Services in Vietnam
10. End User Analysis of Vietnam Cold Chain Market
10.1 Key Temperature Controlled Products with different Shelf Lives
10.2 In-Depth Analysis for Cold Storage in Vietnam
10.3 Vietnam Meat and Seafood Market
10.4 Vietnam OTC Pharma Market
10.5 Recommendations to Set Up a Cold Chain Unit in Vietnam
11. Future Outlook of Vietnam Cold Chain Industry
11.1 Future Market Sizing of Cold Chain Industry, 2026F
11.2 Future Market Segmentation by Market Type and By Ownership, 2026F
11.3 Future Market Segmentation by End User, 2026F
12. Future Outlook of Vietnam Cold Storage Market
12.1 Future Cold Storage Market Sizing
12.2 Future Cold Storage Market Sizing Analysis
12.3 Future Segmentation by Automation and By Major Cities, 2026F
12.4 Future Segmentation by End User and By Temperature, 2026F
13. Future Outlook of Vietnam Cold Transport Market
13.1 Vietnam Cold Transport Market Revenue, 2021-2026F
13.2 Future Segmentation by Reefer Trucks and Mode of Transportation, 2026F
13.3 Future Market Segmentation by Location & Vicinity, 2026F
13.4 Future Segmentation by End User, 2026F
14. Market Opportunities and Analyst Recommendation
14.1 Emerging Technologies in Vietnam Cold Chain Market
14.2 Analyst Recommendation for Cold Chain Market in Vietnam
15. Research Methodology
15.1 Market Definitions and Assumptions
15.2 Abbreviations
15.3 Market Sizing Approach
15.4 Consolidated Research Approach
15.5 Sample Size Inclusion
15.6 Limitation and Future Conclusion
Disclaimer
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