Vietnam Cold Chain Market Outlook to 2026

Market Overview:

A highly fragmented market with immense growth potential Vietnam’s Cold Chain market is being driven bychange in Lifestyle and Urbanization led to Rising Domestic Consumption of Processed food. Growing Demand for Quick Services Restaurants and Medicines are also leading the market growth.

The total addressable market in Vietnam for cold chain market has been expanding. Regarding logistics infrastructure, Vietnam has made a lot of breakthrough progress, especially in the investment and development of seaports. There has been increase in the demand of cold transport in Vietnam owning to rising consumption of perishable products which need to be kept at a stable temperature.

Vietnam Cold Chain industry is catered by the domestic and international players such as Arctic Fox, Lotte Global, Lineage & MKL are amongst the top players in the industry.

Vietnam Cold Chain Market Analysis

The Cold chain market is highly fragmented in Vietnam with more than 90 cold storage & transportation players enabling the market to transform over the years.

Increase in the demand of cold transport in Vietnam owning to rising consumption of perishable products which need to be kept at a stable temperature.

The Vietnam cold chain market is currently in the growing phase owing to rising collaboration with logistics providers and geographic advantage.

Increasing demand for pharmaceutical products and vaccines are contributing to the high growth in cold chain market with cold storage accounting for over 88.0% of the industry revenue in 2021.

Key Trends by Market Segment:

By Ownership: 3PL Cold Chain Companies generated a robust revenue in Vietnam in 2021. Large Scale 3PL Companies played a major role in driving Vietnam cold chain industry in the last few years by serving food and pharma sectors. The overall revenue generated by 3PL amounted to a fair share of market.

By End-Users: Meat and seafood segment is leading in the country with a robust revenue share because Vietnam is one of the largest exporters for seafood. Cold chain market across all the end users is growing in Vietnam due to growing customer demand for high quality logistics solutions, growing income levels and spurring consumption of more perishable goods.

Competitive Landscape:

The key players of the cold chain market are opting for automated system because it increases accuracy and productivity
Vietnam cold chain market is a highly fragmented with Lineage and Transimex are dominating the market contributing approximately 20.1% of the share in 2021
Seafood, meat, fruits, and dairy are the among the most prominent industries catered by the key players of the cold chain market.

Majority of the cold chain players are catering to foods and beverages, meat and seafood, pharma industries where Transimex have various HACCP, WHO-GMP, ISO 9001:2018 certifications.

Recent Developments:

Lotte Global has decided to pursue market expansion in Vietnam after exiting the Chinese market.

Newly established players of the market such as ARC Bing Duong and Arctic Wolf provides services for seafood, fruits, dairy, meat, seeds, and pharma industries.

SK Logistics provides cold transportation and cold storage rental services to meet all production needs for frozen goods with many different temperature ranges.

Future Outlook:

The Vietnam cold chain market is anticipated to grow with a CAGR of 14.8% due to the ever-growing demand.

Rising demand in future for pharmaceutical products and vaccines are to contribute the highest growth in cold chain market with cold storage.

Large Scale 3PL Companies are anticipated to contribute the major market share in Vietnam cold chain market by ownership.

Meat and seafood to contribute the highest market share followed by fruits and vegetables vertical by 2026