Vietnam Cold Chain Logistics Market is Expected to Register a 14.10% CAGR Through 2029
Growth in perishable food exports and rising demand for
pharmaceuticals & healthcare products are the likely to propel the market during
the forecast period.
According to
TechSci Research report, “Vietnam Cold Chain Logistics Market – By Region,
Competition, Forecast and Opportunities, 2019-2029F”, Vietnam Cold Chain
Logistics Market was valued at USD 163.27 Million in 2023 and is anticipated to
project robust growth in the forecast period with a CAGR of 14.10% through
2029.
Vietnam's agricultural sector is
experiencing significant growth, driven by increasing demand for exports of
perishable goods such as fruits, vegetables, and seafood. The country's
tropical climate supports year-round production of a wide variety of
agricultural products, making Vietnam a key player in the global food market.
To maintain the quality and freshness of
perishable goods during transportation, robust Cold Chain Logistics
infrastructure is essential. Cold storage facilities, refrigerated
transportation, and temperature-controlled warehouses are critical components of
the Cold Chain network, ensuring that products meet international standards and
consumer expectations for freshness and safety. Government initiatives to
promote agricultural productivity and improve export capabilities have further
stimulated the demand for Cold Chain Logistics services. Investments in Cold
Chain infrastructure, supported by public and private sector collaborations,
are expanding the capacity and capabilities of Vietnam's logistics network to
handle growing agricultural exports efficiently.
Vietnam's healthcare sector is
undergoing rapid expansion, driven by economic growth, rising healthcare
expenditures, and an aging population. As the demand for pharmaceuticals,
vaccines, and healthcare products grows, so does the need for reliable Cold Chain
Logistics solutions to ensure the integrity and efficacy of
temperature-sensitive medical supplies.
Pharmaceutical products, vaccines, and
biologics require strict temperature control throughout the supply chain to
maintain their potency and effectiveness. Cold Chain Logistics plays a crucial
role in safeguarding these products from temperature fluctuations and ensuring
compliance with regulatory standards for quality and safety. The COVID-19
pandemic has underscored the importance of Cold Chain Logistics for the
distribution of vaccines and critical medical supplies. Vietnam's vaccination
campaigns have highlighted the need for a well-established Cold Chain network
capable of handling large-scale vaccine distribution and ensuring vaccine
potency.
To meet the growing demand for
pharmaceuticals and healthcare products, Cold Chain logistics providers in
Vietnam are investing in advanced infrastructure, technology, and specialized
logistics solutions. Partnerships with international logistics firms bring
expertise in Cold Chain management and global best practices, further enhancing
the efficiency and reliability of Vietnam's Cold Chain network.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on " Vietnam Cold Chain Logistics Market.”
Based
on application, The Seafood held the largest market share in 2023. Seafood
plays a significant role in dominating the Vietnam Cold Chain Logistics market
due to the country's robust seafood export industry. Vietnam is among the
world's leading exporters of seafood, including shrimp, fish, and various
aquatic products. The perishable nature of seafood necessitates stringent Cold
Chain logistics to maintain freshness and quality from harvest to distribution,
both domestically and internationally.
Vietnam's
extensive coastline and abundant aquatic resources contribute to its position
as a major seafood exporter. Cold Chain logistics for seafood primarily involve
refrigerated transportation, ensuring that products remain at optimal
temperatures during transit to domestic markets and export destinations.
Refrigerated trucks and containers equipped with temperature control systems
are essential for preserving the delicate texture, flavor, and nutritional
value of seafood products.
Vietnam's
seafood industry benefits from strategic investments in Cold Chain
infrastructure, including modern seafood processing facilities and specialized
logistics services tailored to seafood transportation requirements. These
investments support the industry's capacity to meet stringent hygiene and
safety standards demanded by international markets.
In
recent years, the global demand for high-quality seafood has grown, driven by
increasing consumer awareness of health benefits and culinary preferences.
Vietnam's Cold Chain logistics providers have responded by expanding their
capabilities in seafood transportation, integrating advanced technologies for
real-time temperature monitoring and traceability. Such innovations enhance
supply chain efficiency, reduce spoilage rates, and ensure compliance with
international food safety regulations, thereby reinforcing Vietnam's position
as a reliable supplier of premium seafood products worldwide.
Major companies
operating in the Vietnam Cold Chain Logistics Market are:
- Americold
Realty Trust, Inc.
- Lineage, Inc.
- Nichirei
Corporation
- John Swire
& Sons (H.K.) Limited
- Burris
Logistics
- Kloosterboer
- VersaCold
Logistics Services
- Interstate Cold
Storage Inc.
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“The Vietnam
Cold Chain Logistics market presents a substantial opportunity driven by
expanding agricultural exports, growing healthcare demands, and increasing
consumer preference for fresh and perishable goods. The market's growth is
fueled by government initiatives to enhance infrastructure, rising investments
in Cold Chain technologies, and the evolution of e-commerce. Addressing these
dynamics offers prospects for Cold Chain logistics providers to meet heightened
standards for product quality, safety, and efficiency. Strategic investments in
infrastructure, technology, and regulatory compliance are essential to
capitalize on this opportunity and establish a robust Cold Chain network that
supports Vietnam's economic development and global market integration.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Vietnam Cold Chain
Logistics Market By Type (Refrigerated Warehouse, Refrigerated Transportation),
By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products,
Alternative Protein, Others), By Temperature Type (Frozen, Chilled), By
Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), By
Region, Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of Vietnam Cold Chain Logistics
Market and provides statistics & information on Market size, structure and
future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Vietnam Cold Chain Logistics
Market.
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