Vietnam Cold Chain Market

What is the Vietnam Cold Chain Market Size?

As per the survey report on Vietnam cold chain market, the market is expected to foresee a CAGR value of 13.5% during 2026-2036, and further generate a market size of USD 6.1 million by the end of 2036. In 2025, the market size was value at USD 1.7 million revenue.

• The Vietnam cold chain market’s growth is driven by expanding urban population.
• KDMI analyst’s growth analysis foresees inadequate infrastructure as restraint for Vietnam cold chain market.
• In the Vietnam cold chain market, end user segment is playing significant role.

Vietnam Cold Chain Market Analysis

A cold chain is a temperature-controlled supply chain designed for preserving the quality of food and medicine. It enables heat-sensitive goods to retain their properties, preventing spoilage and bacterial growth. They are crucial for perishable goods such as food, pharmaceuticals, and chemicals. The Vietnam market is gaining traction due to rising urbanization and changing consumption patterns. As of 2019, the Vietnam had 48 cold storage locations with a capacity of 600,000 pallets, 700 refrigerated trucks and vans, and 450 refrigerated container railcars. Therefore, significant advancements in refrigeration technology and logistics infrastructure, driven by government-led initiatives is developing market growth. Ho Chi Minh City and Hanoi are dominating cities of the Vietnamese cold chain market.

Vietnam Cold Chain Market Growth Drivers and Restraints

Growth Drivers

• Expanding urban population – Vietnam’s rapidly growing urban population is driving demand for cold chain market, as urbanization changes consumption patterns and food distribution systems. According to a report, the country’s urban population has been growing by 3% per year. As of 2021, the urbanization rate reached 38% with around 37.1 million of total population. Urban consumers increasingly prefer fresh, high-quality, and safely stored food products, which require efficient refrigeration system for storage and transportation. Growing demand for last-mile delivery is creating strong demand for durable and efficient cold storage facilities across the country.
• Increasing demand for perishable goods – The rising consumption of perishable goods across the country is boosting the need for robust cold chain infrastructure. Changing dietary preferences, increasing disposable incomes, and growing health awareness are driving demand for fresh fruits, vegetables, dairy products, meat, and seafood. As of 2020, high-value and perishable agricultural products grew at the rate of approximately 3.2% per year for meat and 11.7% per year for milk, which is driving demand for cold chain logistics. Vietnam is the major exporter of perishable commodities such as seafood and agriculture produce, making cold chain logistics important for maintaining product quality and meeting international standards.
• Expansion of modern retail channels – According to the USDA, Vietnam’s food retail sales reached USD 55.5 billion in 2024, representing 7.1% of GDP. This is supported by expansion of supermarkets and hypermarkets across the nation. The significant growth of modern retail channels facilitates better distribution of meat and dairy products, ensuring consumer access to high-quality, safely stored food products, thereby driving Vietnam cold chain market.

Restraints

• Inadequate infrastructure for cold storage – The key restraints for Vietnam market is the availability of inadequate infrastructure, which insufficient to meet the growing need for meat products. This infrastructure gaps poses as a major challenge by severely impacting distribution efficiency of high-quality perishable goods.
• High operational costs – High costs associated with maintenance cold chain logistics, leading to higher operational costs. These high costs deter small and medium-sized enterprises from investing in refrigeration technology, thereby limiting overall market growth and competitiveness.

Vietnam Cold Chain Market Segmentation

Our experts at KD Market Insights have segmented the Vietnam cold chain market research report as:

Analyst’s Observation on Vietnam Cold Chain Market Recent Developments

Over the years, the experts at KD Market Insights have been observing the recent developments associated with Vietnam cold chain market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

Lotte Global Logistics has launched the construction of a cold chain logistics centre in Dong Nai Province, Vietnam, with a total investment of nearly $34m. The Dong Nai cold chain centre will cover an area of 55,553sqm, with the main building measuring 26,167sqm. The centre aims to provide comprehensive logistics services, including import-export, storage, and delivery, with a particular focus on supporting medium-sized and small domestic enterprises entering the Vietnamese market.

Yusen Logistics Co Ltd announced the opening of its new Cold Storage Warehouse at the Yusen Tan Dong Hiep B Logistics Center in Binh Duong Province. This marks a major milestone in expanding our capabilities in temperature-sensitive logistics.

Vietnam Cold Chain Market Competitive Landscape

Some of the significant participants who top the Vietnam cold chain market growth:

• VIETPHAT Group
• Cold Storage THANG LOI
• TransContinental
• Vinamalik
• CJ Logistics
• Long An Cold Storage
• GNH Logistics
• Maers
• Sinotrans
• United Logistics
• BHG Group
• BS Transport
• Logista Vietnam