Report Overview

Vietnam Cold Chain Logistics Market – Industry Trends & Forecast Report, 2029

Vietnam cold chain logistics market size is projected to grow at a CAGR of 12.24% during the forecast period between 2023 and 2029. The Vietnam cold chain logistics market is growing due to an increasing demand for fresh and frozen foods and beverages, rising demand for pharmaceuticals, vaccines, and healthcare products that require temperature-controlled transportation and storage is also contributing to the growth. Also, the growth of e-commerce and online grocery delivery services is fueling demand for cold chain logistics. The government initiatives to improve food safety and hygiene standards are driving the adoption of cold chain logistics. Technological advancements in refrigeration, tracking, and monitoring systems are enabling more efficient and reliable cold-chain logistics operations.

Vietnam Cold Chain Logistics Market - Overview

Cold chain logistics refers to the management of temperature-sensitive products, such as perishable foods, pharmaceuticals, and vaccines, throughout the supply chain. It involves the use of temperature-controlled facilities, equipment, and transportation to maintain product integrity and safety from the point of origin to the point of consumption. The cold chain starts from the manufacturer or producer and includes storage, transportation, and distribution until the final destination. The temperature is carefully monitored and maintained at a specific level throughout the cold chain, and any deviations can result in product degradation, spoilage, or even harm to consumers. Effective cold chain logistics is crucial for ensuring product quality, safety, and efficacy.

Growth Drivers

Increasing Demand for Fresh and Frozen Foods

Vietnam cold chain logistics market is poised for significant growth during the forecast period, due to the increasing demand for fresh and frozen foods in the country. With a rising middle class and a growing population, more Vietnamese consumers are increasingly seeking out high-quality food products that require strict temperature-controlled transportation and storage. This has led to a surge in demand for cold chain logistics services, which enable the safe and efficient movement of perishable goods from producers to retailers and end consumers. Thus, companies involved in the Vietnam cold chain logistics market are expected to see strong growth in the coming years, driven by the increasing demand for fresh and frozen foods.

Restraints

Lack of Proper Infrastructure and Technology

Vietnam's cold chain logistics market is experiencing significant growth due to the increasing demand for fresh and frozen products. However, the market is facing several restraints that hinder its potential growth. One of the major challenges is the lack of proper infrastructure for cold chain logistics, including temperature-controlled storage facilities and transportation systems. This leads to inefficiencies and high logistics costs. Also, there is a shortage of skilled labor and expertise in cold chain management. Another significant restraint is the lack of adoption of advanced technologies, such as automation and IoT, which could improve operational efficiency and reduce wastage. These challenges need to be addressed to unlock the full potential of Vietnam's cold chain logistics market.

Vietnam Cold Chain Logistics Market

Segmental Coverage

Vietnam Cold Chain Logistics Market – By Type

On the basis of type, Vietnam cold chain logistics market is divided into Warehousing and Transportation segments. The transportation segment is further classified into Railways, Airways, Roadways, and Waterways subsegments. The transportation segment is a higher contributor to the Vietnam cold chain logistics market. It involves the movement of temperature-sensitive goods from one place to another, such as from warehouses to retail outlets or directly to consumers. This segment is essential for maintaining the quality and safety of perishable goods during transportation, including food, pharmaceuticals, and other sensitive products. The Vietnam cold chain logistics market also includes other segments such as warehousing, but transportation remains the most significant segment due to its critical role in ensuring the efficiency and effectiveness of the entire cold chain logistics system.

Vietnam Cold Chain Logistics Market – By End User

On basis of end user, Vietnam cold chain logistics market is divided into Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, and Drugs & Pharmaceuticals segments. The market is divided into various sectors based on the type of product being transported, with fruits and vegetables being one of the largest segments. These products require specific temperatures, humidity, and ventilation to maintain their quality and freshness during transportation and storage. The demand for Vietnam cold chain logistics market is increasing due to the country's growing economy and rising demand for high-quality and fresh fruits and vegetables.

Competitive Landscape

Major players in Vietnam cold chain logistics market include Americold Logistics LLC, Burris Logistics, Cold Box, Conestoga Cold Storage, Congebec, Lineage Logistics Holdings LLC, Nichirei Corporation, and Tippmann Group. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Type

• Warehousing

• Transportation

1. Railway

2. Airways

3. Roadways

4. Waterways

By End User

• Fruits & Vegetables

• Bakery & Confectionary

• Dairy & Frozen Desserts

• Meat, Fish & Sea Food

• Drugs & Pharmaceuticals

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Cold Chain Logistic Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increase in Refrigerated Warehouses
         2. Rise in the Processed Food Sector
      2. Restraints
         1. High Operational Cost
      3. Opportunities
         1. Growth in Pharmaceutical Sector
      4. Challenges
         1. Lack of Standardization
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Cold Chain Logistic Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Warehousing
         2. Transportation
            1. Railway
            2. Airways
            3. Roadways
            4. Waterways
      2. By End User
         1. Fruits & Vegetables
         2. Bakery & Confectionary
         3. Dairy & Frozen Desserts
         4. Meat, Fish & Sea Food
         5. Drugs & Pharmaceuticals
         6. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Cold Chain Logistic Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Vietnam Cold Chain Logistic Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Americold Logistics LLC
   2. Burris Logistics
   3. Cold Box
   4. Conestoga Cold Storage
   5. Congebec
   6. Lineage Logistics Holdings LLC
   7. Nichirei Corporation
   8. Tippmann Group
   9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Vietnam Cold Chain Logistic Segmentation

Figure 2       Vietnam Cold Chain Logistic Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Vietnam Cold Chain Logistic Market Size, By Value (USD Million), 2019–2029

Figure 5       Vietnam Cold Chain Logistic Market Share, By Type, By Value, 2019–2029

Figure 6       Vietnam Cold Chain Logistic Market Share, By End User, By Value, 2019–2029

List of Tables

Table 1        Vietnam Cold Chain Logistic Market Size, By Value (USD Million), 2019–2029

Table 2        Vietnam Cold Chain Logistic Market Size, By Type, By Value, 2019–2029

Table 3        Vietnam Cold Chain Logistic Market Size, By End User, By Value, 2019–2029

Table 4        Americold Logistics LLC Company Overview

Table 5        Americold Logistics LLC Financial Overview

Table 6        Burris Logistics Company Overview

Table 7        Burris Logistics Financial Overview

Table 8        Cold Box Company Overview

Table 9        Cold Box Financial Overview

Table 10      Conestoga Cold Storage Company Overview

Table 11      Conestoga Cold Storage Financial Overview

Table 12      Congebec Company Overview

Table 13      Congebec Financial Overview

Table 14      Lineage Logistics Holdings LLC Company Overview

Table 15      Lineage Logistics Holdings LLC Financial Overview

Table 16      Nichirei Corporation Company Overview

Table 17      Nichirei Corporation Financial Overview

Table 18      Tippmann Group Company Overview

Table 19      Tippmann Group Financial Overview