Vietnam Online Food Delivery Market Overview:
According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market Research: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The Vietnam online food delivery market size reached a value of US$ 597.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,555.4 Million by 2027, exhibiting a CAGR of 16.4% during 2022-2027.
Online food delivery refers to services that allow individuals to ordering food from a restaurant or food joint through a mobile application or web page. These apps portals provide on-demand deliveries while helping help the users sort and filter through a wide range of choices in a convenient manner and supporting online and offline payments. Online food delivery ensures no-hassle ordering, express deliveries, fewer misunderstandings and, minimum human interactions. Also, numerous discounts and cashbacks offered by these services have made online ordering quite popular among the youngsters of contributed to their widespread popularity across Vietnam.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The competitive landscape of the market has also been examined with some of the key players being:
- Grab Food
Vietnam Online Food Delivery Market Trends:
The Vietnam online food delivery market is primarily driven by the considerable growth in rapid digitization across the country. With the increasing penetration of internet and broadband services in Vietnam, there has been a considerable rise in the adoption of online food delivery services.
Moreover, key players in the market are heavily investing in integrating their mobile applications with advanced technologies in an attempt to identify recurring customers and their order preferences, which is creating a positive outlook for the market.
Some of the Also, the online food delivery market is driven by transparency, as comparison of the menus and prices among restaurants help customers land a sweet deal every time.
Other factors propelling the growth of online food delivery in Vietnam the market growth include are rapid urbanization and the widespread adoption of contactless delivery services. , increasing penetration of internet and broadband services, easy availability of a wide range of food options, including Vietnamese and other different cuisines, coupled with the convenience of having the order express-delivered at the doorstep, are further driving the market.
Key Market Segmentation:
Market Breakup by Ordering:
- Mobile Application
Market Breakup by Cuisines:
- Vietnamese Cuisine
- Western Cuisine
- Italian Cuisine
- South Asian cuisine
Market Region Summary:
- Southern Vietnam
- Northern Vietnam
- Central Vietnam
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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