Vietnam Cold Chain Market Poised for Chilling Growth at 14.8% CAGR: Rising Demand and Infrastructure Challenges Highlighted: Ken Research
GURUGRAM, India, Feb. 12, 2024 /PRNewswire/ -- Vietnam's Cold Chain Market is experiencing a surge, driven by an expanding middle class, increasing demand for frozen and perishable goods, and government initiatives. According to a new report by Ken Research, "Vietnam Cold Chain Market Outlook to 2026F," the market is expected to witness a robust growth of 14.8% CAGR between 2021 and 2026. This press release delves into the key findings and insights from the report, highlighting the market's growth drivers, challenges, and future outlook.
Market Overview: Chilled by Opportunities
Vietnam's Cold Chain Market plays a crucial role in ensuring the safe and efficient storage and transportation of temperature-sensitive products like meat, seafood, fruits, vegetables, pharmaceuticals, and vaccines. Driven by several factors, the market is experiencing significant expansion:
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Competitive Landscape: A Chilling Mix of Players
The Vietnam Cold Chain Market is characterized by a mix of established players and emerging ones. Key players include:
Market Segmentation: A Temperature Check
The report segments the Vietnam Cold Chain Market by cold storage and transport services, and product type:
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Challenges: Keeping Cool under Pressure
Despite its promising future, the Vietnam Cold Chain Market faces some challenges:
Despite the challenges, the Vietnam Cold Chain Market is expected to maintain its upward trajectory, driven by several factors:
Key Takeaways for Stakeholders:
This report provides valuable insights for various stakeholders in the Vietnam Cold Chain Market, including:
Vietnam's Cold Chain Market is brimming with potential, offering lucrative opportunities for businesses and stakeholders who can adapt, innovate, and navigate the existing challenges. With continued investments in infrastructure, technology, and skilled workforce development, the market is poised for a chilled and prosperous future.
Vietnam Cold Chain Market Segmentation
By Market Type
By End User
Pharmaceuticals and Vaccines
Fruits and Vegetables
Ice cream and frozen desserts
By Provider Type
Vietnam Cold Storage Market Segmentations
By Temperature Range
By Major Cities
Vietnam Cold Transport Market Segmentation
By Mode of Transportation
Long Haul (First + Mid Mile)
Short Haul (Last Mile)
By Temperature Range
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According to Ken Research estimates, the Indonesia Cold Chain Market grew at a CAGR of 10.7% in the period of 2016-2021 – is expected to grow at a CAGR of 12.9% in the forecasted period of 2021-2026F, owing to the change in lifestyle and urbanization, growing fisheries sector, expansion of existing cold storages and rising domestic consumption of meat.
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SOURCE Ken Research