Vietnam Cold Chain Market Introduction and Overview
According to SPER Market Research, the Vietnam Cold Chain Market is estimated to reach USD XX billion by 2032 with a CAGR of 15.02%.
The report includes an in-depth analysis of the Vietnam Cold Chain Market, including market size and trends, product mix, distribution channels, and supplier analysis. The cold chain is a comprehensive process and infrastructure that encompasses the storage, transportation, and handling of temperature-sensitive products, including perishable goods like food, pharmaceuticals, and vaccines. It involves maintaining specific temperature conditions at every stage of the supply chain, from production to distribution and ultimately to the end consumer & ensures that these products are kept within the required temperature range to preserve their quality, efficacy, and safety.
- Adoption of Advanced Technologies: The industry is witnessing an increased adoption of advanced technologies to enhance cold chain operations. This includes the use of temperature monitoring devices, IoT (Internet of Things) solutions, real-time tracking systems, and data analytics to optimize storage conditions, improve logistics efficiency, and minimize wastage.
- Expanding Food and Beverage Industry: The growth of the food and beverage industry in Vietnam has increased the demand for an efficient cold chain infrastructure. With a rising middle class and changing consumer preferences, there is a greater need for safe and high-quality food products.
Market Opportunities and Challenges
The increased demand for perishable commodities, notably in the food and pharmaceutical industries, is one of the most important market prospects for the Vietnam cold chain industry. As the Vietnamese economy expands, there is an increase in customer demand for fresh, high-quality items. This creates a big potential for cold chain providers to extend their services and fulfil the increasing demand for temperature-controlled storage and delivery. Companies may tap into this developing industry and cater to the demands of numerous sectors by investing in infrastructure, technology, and experience, allowing them to grab a greater market share and generate revenue development.
Establishing a robust cold chain system requires substantial capital investments in cold storage facilities, refrigerated transport vehicles, and advanced temperature monitoring devices. These investments can be a barrier for many businesses, especially small and medium-sized enterprises, due to financial constraints. Overcoming this challenge requires collaborative efforts between the government, industry players, and financial institutions to provide funding and support for the development of infrastructure and technology. Addressing this challenge will be crucial in unlocking the market's full potential and ensuring the efficient and reliable cold chain management in Vietnam.
Market Competitive Landscape
The cold chain market is severely fragmented, with several cold transportation and storage companies. Some of these key players in the Vietnam Cold Chain market include Arc Bing Duong, ALS Avaition Logistics, Crane Worldwide Logistics, AJ Total Vietnam, Vinafco, Emergent cold storage, SK Cold Storage, Mekong Logistics, New Land Logistics, Konoike, Thang Long Logistics, Hung Vuong Corporation, Lotte logistics, Lineage, ABA Cooltrans, Hong Lai Group, Transimex, Arctic Wolf, Others. These market leaders' primary strategies include new product launches, mergers and acquisitions, and partnerships. These firms are likewise concentrating on investing in innovations, collaborations, and expansions in order to increase their market share.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2022 |
| Forecast period | 2022-2032 |
| Segments covered | By End User, By Ownership
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| Regions covered | Da Nang, Ho Chi Minh City, Hanoi
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| Companies Covered | Arc Bing Duong, ALS Avaition Logistics, Crane Worldwide Logistics, AJ Total Vietnam, Vinafco, Emergent cold storage, SK Cold Storage, Mekong Logistics, New Land Logistics, Konoike, Thang Long Logistics, Hung Vuong Corporation, Lotte logistics, Lineage, ABA Cooltrans, Hong Lai Group, Transimex, Arctic Wolf, Others
|
COVID-19 Impact on Vietnam Cold Chain Market
The COVID-19 pandemic has increased the demand for cold storage facilities in Vietnam due to supply chain disruptions. Restaurants, hotels, and catering services were impacted by restrictions, leading to a heightened need for preserving perishable goods. The growth of e-commerce and online grocery delivery services further increased the demand for efficient cold chain logistics to safely deliver perishable products. The distribution of COVID-19 vaccines posed challenges due to Vietnam's diverse geography and limited cold chain infrastructure. To address this, efforts were made to strengthen the cold chain system, including the establishment of new storage facilities and improvements in transportation capabilities.
Key Target Audience:
- Captive Cold Chain Companies
- Cold Chain Associations
- Cold Chain Companies
- Logistics Associations
- Logistics Companies
- Non-captive Companies
- Private Equity Firms
- Venture Capitalists
Our in-depth analysis of the Vietnam Cold Chain Market includes the following segments:
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By End User:
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Dairy and Bakery
Fruits and Vegetables
Meat and Seafood
Vaccination and Pharmaceuticals
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By Ownership:
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3PL Cold Chain Facilities
Owned
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Key Topics Covered in the Report:
- Vietnam Cold Chain Market Size (FY’2022-FY’2032)
- Overview of Vietnam Cold Chain Market
- Segmentation of Vietnam Cold Chain Market By End User (Dairy and Bakery, Meat and Seafood, Vaccination and Pharmaceuticals, Fruits and Vegetables, Others)
- Segmentation of Vietnam Cold Chain Market By Ownership (Owned, 3PL Cold Chain Facilities)
- Statistical Picture of Vietnam Cold Chain Market
- Expansion Analysis of Vietnam Cold Chain Market
- Problems and Obstacles in Vietnam Cold Chain Market
- Competitive Overview of the Vietnam Cold Chain Market
- Effects of COVID-19 and Demonetization on Vietnam Cold Chain Market
- Details on Current Investment in Vietnam Cold Chain Market
- Competitive Analysis of Vietnam Cold Chain Market
- Key Market Players in the Vietnam Cold Chain Market
- SWOT Analysis of Vietnam Cold Chain Market
- Vietnam Cold Chain Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Vietnam Cold Chain Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Vietnam Cold Chain Car Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Cold Chain Market
7. Vietnam Cold Chain Market, By End User, 2019-2032 (USD Million)
7.1 Dairy and Bakery
7.2 Fruits and Vegetables
7.3 Meat and Seafood
7.4 Vaccination and Pharmaceuticals
7.5 Others
8. Vietnam Cold Chain Market, By Ownership, 2019-2032 (USD Million)
8.1 3PL Cold Chain Facilities
8.2 Owned
9. Vietnam Cold Chain Market, By Region, 2019-2032 (USD Million)
9.1 Vietnam Cold Chain Size and Market Share by Region (2019-2025)
9.2 Vietnam Cold Chain Size and Market Share by Region (2026-2032)
9.3 Da Nang
9.4 Hanoi
9.5 Ho Chi Minh City
10. Company Profiles
10.1 ABA Cooltrans
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 AJ Total Vietnam
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 ALS Avaition Logistics
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 ARC Bing Duong
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Arctic Wolf
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Crane Worldwide Logistics
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Emergent cold storage
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Hong Lai Group
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Hung Vuong Corporation
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Konoike
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
10.11 Lineage
10.11.1 Company details
10.11.2 Financial outlook
10.11.3 Product summary
10.11.4 Recent developments
10.12 Lotte logistics
10.12.1 Company details
10.12.2 Financial outlook
10.12.3 Product summary
10.12.4 Recent developments
10.13 Mekong Logistics
10.13.1 Company details
10.13.2 Financial outlook
10.13.3 Product summary
10.13.4 Recent developments
10.14 New Land Logistics
10.14.1 Company details
10.14.2 Financial outlook
10.14.3 Product summary
10.14.4 Recent developments
10.15 SK Cold Storage
10.15.1 Company details
10.15.2 Financial outlook
10.15.3 Product summary
10.15.4 Recent developments
10.16 Thang Long Logistics
10.16.1 Company details
10.16.2 Financial outlook
10.16.3 Product summary
10.16.4 Recent developments
10.17 Transimex
10.17.1 Company details
10.17.2 Financial outlook
10.17.3 Product summary
10.17.4 Recent developments
10.18 Vinafco
10.18.1 Company details
10.18.2 Financial outlook
10.18.3 Product summary
10.18.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope