Vietnam Cold Chain for Agro & Seafood Market
Description
Vietnam Cold Chain for Agro & Seafood Market Overview
The Vietnam Cold Chain for Agro & Seafood Market is valued at USD 1.2 billion, based on a five-year historical analysis. This market size is supported by recent industry research and reflects the strong demand for temperature-controlled logistics across food, agriculture, and seafood sectors . Growth is primarily driven by the increasing demand for fresh and high-quality food products, rapid urbanization, and the expansion of agricultural and seafood exports. Additional drivers include the rise in consumer awareness regarding food safety and quality, the growth of e-commerce platforms, and the adoption of advanced refrigeration and monitoring technologies .
Key hubs in this market include
Ho Chi Minh City
and
Hanoi
, which dominate due to their strategic locations, robust infrastructure, and proximity to major agricultural and seafood production areas. These cities serve as critical distribution and logistics centers, facilitating the efficient movement of perishable goods domestically and internationally. Da Nang also plays a supporting role, particularly for seafood exports, due to its port infrastructure .
In 2023, the Vietnamese government implemented the
National Strategy for Cold Chain Development
through the Ministry of Industry and Trade, with an investment of
USD 300 million
to upgrade cold storage facilities and transportation systems nationwide. This strategy mandates compliance with temperature monitoring standards, licensing for cold chain operators, and minimum infrastructure thresholds for storage and transport. The initiative aims to improve the preservation of agro and seafood products, enhance export competitiveness, and ensure alignment with international food safety standards .
Vietnam Cold Chain for Agro & Seafood Market Segmentation
By Type:
The cold chain market is segmented into Refrigerated Transport, Cold Storage Facilities, Refrigerated Warehousing, Refrigerated Distribution, Transportation Management Systems, Temperature-Controlled Packaging, Monitoring Systems, Logistics Management Software, and Others.
Refrigerated Transport
and
Cold Storage Facilities
are the largest segments, reflecting the critical role of maintaining product integrity during transit and storage. The rise of e-commerce and online grocery shopping has increased demand for temperature-controlled last-mile delivery and real-time monitoring systems. Logistics Management Software and IoT-enabled Monitoring Systems are emerging as vital segments due to the need for operational efficiency and regulatory compliance .
By End-User:
The end-user segmentation includes Food Retailers, Food Manufacturers, Seafood Exporters, Agro Exporters, Restaurants and Catering Services, Pharmaceutical Companies, and Others.
Food Retailers
and
Food Manufacturers
account for the largest shares, driven by the need for reliable cold chain solutions to maintain product freshness and safety.
Seafood Exporters
and
Agro Exporters
require robust cold chain infrastructure to meet international standards and minimize spoilage. The pharmaceutical segment is expanding due to stricter requirements for temperature-sensitive drugs and vaccines .
Vietnam Cold Chain for Agro & Seafood Market Competitive Landscape
The Vietnam Cold Chain for Agro & Seafood Market is characterized by a dynamic mix of regional and international players. Leading participants such as ABA Cooltrans, Tan Bao An Logistics, Transimex Corporation, Gemadept Corporation, Vinafco Joint Stock Corporation, Minh Phu Seafood Corporation, T&M Forwarding, Thang Long Logistics, Hai Ha Logistics, An Phat Holdings, FPT Logistics, Binh Minh Import-Export, Phu Hoang Anh Logistics, Vietstar Express, Tuan Minh Logistics contribute to innovation, geographic expansion, and service delivery in this space.
ABA Cooltrans
2008
Ho Chi Minh City
Tan Bao An Logistics
2011
Hanoi
Transimex Corporation
1983
Ho Chi Minh City
Gemadept Corporation
1990
Ho Chi Minh City
Vinafco Joint Stock Corporation
1987
Hanoi
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Total Revenue (USD Million)
Revenue Growth Rate (%)
Market Penetration Rate (%)
Cold Storage Capacity (Cubic Meters/Tons)
Fleet Size (Refrigerated Vehicles)
Vietnam Cold Chain for Agro & Seafood Market Industry Analysis
Growth Drivers
Increasing Demand for Fresh Produce:
The demand for fresh produce in Vietnam is projected to reach 20 million tons in future, driven by a growing population and urbanization. The World Bank estimates that urban areas will house approximately half of the population in future, increasing the need for efficient cold chain logistics. This trend is further supported by rising disposable incomes, with an average annual growth rate of 6.6% in household income, leading to higher consumption of fresh fruits and vegetables.
Expansion of E-commerce in Food Delivery:
The e-commerce food delivery market in Vietnam is expected to grow to $1.5 billion in future, reflecting a significant shift in consumer purchasing behavior. With over 77 million internet users, the demand for online grocery shopping is surging. This trend is bolstered by the increasing penetration of smartphones, which reached over 70% in 2023, facilitating the growth of cold chain logistics to ensure the freshness of delivered products.
Government Initiatives to Enhance Food Safety:
The Vietnamese government has allocated $200 million for food safety initiatives in future, focusing on improving cold chain infrastructure. This includes the implementation of stricter food safety regulations and standards, which are expected to increase compliance among producers and distributors. Enhanced food safety measures are crucial for maintaining the quality of perishable goods, thereby driving the demand for cold chain solutions in the agro and seafood sectors.
Market Challenges
Inadequate Infrastructure:
Vietnam's cold chain infrastructure is currently underdeveloped, with only 30% of the required cold storage facilities in place. The lack of proper logistics and transportation systems hampers the efficiency of the cold chain, leading to significant food waste, estimated at 1.3 million tons annually. This inadequacy poses a major challenge for the agro and seafood sectors, which rely heavily on effective cold chain management to maintain product quality.
High Operational Costs:
The operational costs associated with cold chain logistics in Vietnam are approximately 20% higher than in neighboring countries due to rising energy prices and maintenance expenses. The average cost of cold storage per square meter is around $150, which can deter investment in necessary infrastructure. These high costs limit the ability of small and medium-sized enterprises to compete effectively in the market, impacting overall growth.
Vietnam Cold Chain for Agro & Seafood Market Future Outlook
The future of Vietnam's cold chain market for agro and seafood products appears promising, driven by technological advancements and increasing consumer demand for quality. The integration of IoT technologies is expected to enhance monitoring and efficiency in cold chain operations. Additionally, as the government continues to invest in infrastructure improvements, the market is likely to see a rise in both domestic and international trade, particularly in seafood exports, which are projected to reach $10 billion in future.
Market Opportunities
Investment in Cold Storage Facilities:
There is a significant opportunity for investment in cold storage facilities, with an estimated need for an additional 500,000 square meters of cold storage in future. This investment can enhance the supply chain efficiency and reduce food waste, ultimately benefiting producers and consumers alike.
Partnerships with Logistics Providers:
Collaborating with established logistics providers can streamline operations and improve service delivery. Such partnerships can leverage existing networks and expertise, facilitating better distribution of perishable goods and enhancing market reach, particularly in urban areas where demand is rapidly increasing.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Vietnam Cold Chain for Agro & Seafood Market is valued at USD 1.2 billion, based on a five-year historical analysis. This market size is supported by recent industry research and reflects the strong demand for temperature-controlled logistics across food, agriculture, and seafood sectors . Growth is primarily driven by the increasing demand for fresh and high-quality food products, rapid urbanization, and the expansion of agricultural and seafood exports. Additional drivers include the rise in consumer awareness regarding food safety and quality, the growth of e-commerce platforms, and the adoption of advanced refrigeration and monitoring technologies .
Key hubs in this market include
Ho Chi Minh City
and
Hanoi
, which dominate due to their strategic locations, robust infrastructure, and proximity to major agricultural and seafood production areas. These cities serve as critical distribution and logistics centers, facilitating the efficient movement of perishable goods domestically and internationally. Da Nang also plays a supporting role, particularly for seafood exports, due to its port infrastructure .
In 2023, the Vietnamese government implemented the
National Strategy for Cold Chain Development
through the Ministry of Industry and Trade, with an investment of
USD 300 million
to upgrade cold storage facilities and transportation systems nationwide. This strategy mandates compliance with temperature monitoring standards, licensing for cold chain operators, and minimum infrastructure thresholds for storage and transport. The initiative aims to improve the preservation of agro and seafood products, enhance export competitiveness, and ensure alignment with international food safety standards .
Vietnam Cold Chain for Agro & Seafood Market Segmentation
By Type:
The cold chain market is segmented into Refrigerated Transport, Cold Storage Facilities, Refrigerated Warehousing, Refrigerated Distribution, Transportation Management Systems, Temperature-Controlled Packaging, Monitoring Systems, Logistics Management Software, and Others.
Refrigerated Transport
and
Cold Storage Facilities
are the largest segments, reflecting the critical role of maintaining product integrity during transit and storage. The rise of e-commerce and online grocery shopping has increased demand for temperature-controlled last-mile delivery and real-time monitoring systems. Logistics Management Software and IoT-enabled Monitoring Systems are emerging as vital segments due to the need for operational efficiency and regulatory compliance .
By End-User:
The end-user segmentation includes Food Retailers, Food Manufacturers, Seafood Exporters, Agro Exporters, Restaurants and Catering Services, Pharmaceutical Companies, and Others.
Food Retailers
and
Food Manufacturers
account for the largest shares, driven by the need for reliable cold chain solutions to maintain product freshness and safety.
Seafood Exporters
and
Agro Exporters
require robust cold chain infrastructure to meet international standards and minimize spoilage. The pharmaceutical segment is expanding due to stricter requirements for temperature-sensitive drugs and vaccines .
Vietnam Cold Chain for Agro & Seafood Market Competitive Landscape
The Vietnam Cold Chain for Agro & Seafood Market is characterized by a dynamic mix of regional and international players. Leading participants such as ABA Cooltrans, Tan Bao An Logistics, Transimex Corporation, Gemadept Corporation, Vinafco Joint Stock Corporation, Minh Phu Seafood Corporation, T&M Forwarding, Thang Long Logistics, Hai Ha Logistics, An Phat Holdings, FPT Logistics, Binh Minh Import-Export, Phu Hoang Anh Logistics, Vietstar Express, Tuan Minh Logistics contribute to innovation, geographic expansion, and service delivery in this space.
ABA Cooltrans
2008
Ho Chi Minh City
Tan Bao An Logistics
2011
Hanoi
Transimex Corporation
1983
Ho Chi Minh City
Gemadept Corporation
1990
Ho Chi Minh City
Vinafco Joint Stock Corporation
1987
Hanoi
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Total Revenue (USD Million)
Revenue Growth Rate (%)
Market Penetration Rate (%)
Cold Storage Capacity (Cubic Meters/Tons)
Fleet Size (Refrigerated Vehicles)
Vietnam Cold Chain for Agro & Seafood Market Industry Analysis
Growth Drivers
Increasing Demand for Fresh Produce:
The demand for fresh produce in Vietnam is projected to reach 20 million tons in future, driven by a growing population and urbanization. The World Bank estimates that urban areas will house approximately half of the population in future, increasing the need for efficient cold chain logistics. This trend is further supported by rising disposable incomes, with an average annual growth rate of 6.6% in household income, leading to higher consumption of fresh fruits and vegetables.
Expansion of E-commerce in Food Delivery:
The e-commerce food delivery market in Vietnam is expected to grow to $1.5 billion in future, reflecting a significant shift in consumer purchasing behavior. With over 77 million internet users, the demand for online grocery shopping is surging. This trend is bolstered by the increasing penetration of smartphones, which reached over 70% in 2023, facilitating the growth of cold chain logistics to ensure the freshness of delivered products.
Government Initiatives to Enhance Food Safety:
The Vietnamese government has allocated $200 million for food safety initiatives in future, focusing on improving cold chain infrastructure. This includes the implementation of stricter food safety regulations and standards, which are expected to increase compliance among producers and distributors. Enhanced food safety measures are crucial for maintaining the quality of perishable goods, thereby driving the demand for cold chain solutions in the agro and seafood sectors.
Market Challenges
Inadequate Infrastructure:
Vietnam's cold chain infrastructure is currently underdeveloped, with only 30% of the required cold storage facilities in place. The lack of proper logistics and transportation systems hampers the efficiency of the cold chain, leading to significant food waste, estimated at 1.3 million tons annually. This inadequacy poses a major challenge for the agro and seafood sectors, which rely heavily on effective cold chain management to maintain product quality.
High Operational Costs:
The operational costs associated with cold chain logistics in Vietnam are approximately 20% higher than in neighboring countries due to rising energy prices and maintenance expenses. The average cost of cold storage per square meter is around $150, which can deter investment in necessary infrastructure. These high costs limit the ability of small and medium-sized enterprises to compete effectively in the market, impacting overall growth.
Vietnam Cold Chain for Agro & Seafood Market Future Outlook
The future of Vietnam's cold chain market for agro and seafood products appears promising, driven by technological advancements and increasing consumer demand for quality. The integration of IoT technologies is expected to enhance monitoring and efficiency in cold chain operations. Additionally, as the government continues to invest in infrastructure improvements, the market is likely to see a rise in both domestic and international trade, particularly in seafood exports, which are projected to reach $10 billion in future.
Market Opportunities
Investment in Cold Storage Facilities:
There is a significant opportunity for investment in cold storage facilities, with an estimated need for an additional 500,000 square meters of cold storage in future. This investment can enhance the supply chain efficiency and reduce food waste, ultimately benefiting producers and consumers alike.
Partnerships with Logistics Providers:
Collaborating with established logistics providers can streamline operations and improve service delivery. Such partnerships can leverage existing networks and expertise, facilitating better distribution of perishable goods and enhancing market reach, particularly in urban areas where demand is rapidly increasing.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
87 Pages
- 1. Vietnam Cold Chain for Agro & Seafood Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Vietnam Cold Chain for Agro & Seafood Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Vietnam Cold Chain for Agro & Seafood Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand for fresh produce
- 3.1.2. Expansion of e-commerce in food delivery
- 3.1.3. Government initiatives to enhance food safety
- 3.1.4. Rising consumer awareness about quality
- 3.2. Restraints
- 3.2.1. Inadequate infrastructure
- 3.2.2. High operational costs
- 3.2.3. Regulatory compliance issues
- 3.2.4. Limited access to technology
- 3.3. Opportunities
- 3.3.1. Investment in cold storage facilities
- 3.3.2. Partnerships with logistics providers
- 3.3.3. Development of smart cold chain solutions
- 3.3.4. Export potential for seafood products
- 3.4. Trends
- 3.4.1. Adoption of IoT in cold chain management
- 3.4.2. Growth of organic food market
- 3.4.3. Increasing focus on sustainability
- 3.4.4. Shift towards automated logistics
- 3.5. Government Regulation
- 3.5.1. Food safety standards
- 3.5.2. Import/export regulations for seafood
- 3.5.3. Environmental regulations on waste management
- 3.5.4. Subsidies for cold chain infrastructure
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Vietnam Cold Chain for Agro & Seafood Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Refrigerated Transport
- 4.1.2. Cold Storage Facilities
- 4.1.3. Refrigerated Warehousing
- 4.1.4. Refrigerated Distribution
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Food Retailers
- 4.2.2. Food Manufacturers
- 4.2.3. Seafood Exporters
- 4.2.4. Agro Exporters
- 4.2.5. Others
- 4.3. By Application (in Value %)
- 4.3.1. Fruits and Vegetables
- 4.3.2. Seafood (Shrimp, Pangasius, Tuna, etc.)
- 4.3.3. Dairy and Frozen Desserts
- 4.3.4. Meat and Poultry
- 4.4. By Distribution Mode (in Value %)
- 4.4.1. Direct Sales
- 4.4.2. Online Sales
- 4.4.3. Wholesale Distribution
- 4.4.4. Retail Distribution
- 4.5. By Price Range (in Value %)
- 4.5.1. Budget
- 4.5.2. Mid-Range
- 4.5.3. Premium
- 4.6. By Region (in Value %)
- 4.6.1. Northern Vietnam
- 4.6.2. Southern Vietnam
- 4.6.3. Central Vietnam
- 4.6.4. Mekong Delta
- 4.6.5. Highlands
- 5. Vietnam Cold Chain for Agro & Seafood Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. ABA Cooltrans
- 5.1.2. Tan Bao An Logistics
- 5.1.3. Transimex Corporation
- 5.1.4. Gemadept Corporation
- 5.1.5. Vinafco Joint Stock Corporation
- 5.2. Cross Comparison Parameters
- 5.2.1. Total Revenue (USD Million)
- 5.2.2. Market Penetration Rate (%)
- 5.2.3. Cold Storage Capacity (Cubic Meters/Tons)
- 5.2.4. Fleet Size (Refrigerated Vehicles)
- 5.2.5. Number of Distribution Centers
- 6. Vietnam Cold Chain for Agro & Seafood Market Regulatory Framework
- 6.1. Food Safety Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. Vietnam Cold Chain for Agro & Seafood Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Vietnam Cold Chain for Agro & Seafood Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Application (in Value %)
- 8.4. By Distribution Mode (in Value %)
- 8.5. By Price Range (in Value %)
- 8.6. By Region (in Value %)
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