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Vietnam's cold chain logistics market will reach US$295 million by 2025

 Last Update: 2022-04-17
 Source: Internet
 Author: User

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(November) Cushman & Wakefield (C&W), one of theworld's largest real estate service companies, believes that in the past two years, Vietnam's cold chain logistics sector has been attractive, with import and export orders for medicines and vaccines, and food products .
The development of the cold chain logistics market will be driven by the "hot" growth and the e-commerce market size expected to reach US$15 billion by 2025
.

At the same time, increasing consumer demand for high-quality and fresh organic products has driven the development of the cold chain logistics industry, and investment in the cold chain will increase
.

C&W (Vietnam) General Manager Zhuang Pei commented that compared with regional developed markets, Vietnam's cold chain logistics market is still relatively young and fragmented.
In 2019, the scale of Vietnam's cold chain logistics market reached about 169 million US dollars
.
With the explosive growth of the cold chain logistics industry, it is expected that by 2025, the Vietnamese cold chain logistics market will reach a scale of US$295 million, with an average annual growth rate of about 12%
.

At present, the domestic cold chain logistics market is divided into commercial cold storage and self-operated cold storage.
The cold storage market in the southern region is more developed, mainly serving aquaculture and agriculture.
Among them, Long An province has the largest number of cold storage
.
The rent of food cold storage is about 45-90 US dollars per square meter, and the rent of medicine cold storage is 15-160 US dollars per square meter
.
Because of the shortage of dedicated cold storage, the demand exceeds supply, and the rent will increase
.
Although the investment in cold storage equipment is relatively high, the high rental price has become a huge driving force for investors to invest in the construction of various cold storages
.

　　However, experts believe that Vietnam's cold chain will still face many challenges in the development of industrial logistics
.
In the medium and long term, the development of infrastructure is still an important factor in increasing cold chain supply
.

　　Overall, the cold storage market is expected to break through growth, and even after the COVID-19 pandemic is over, increased consumer demand for fresh, perishable foods and the advent of advanced drug therapies will help the market continue to grow, C&W experts concluded.
momentum
.
Although the cold storage market in Vietnam is still relatively young and regarded as a niche market, this situation will change and become one of the main areas in the next few years
.
(Finish)

Serving Cold Chain Logistics Import and Export Food E-commerce

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