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The latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the Vietnam online food delivery market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Vietnam online food delivery market size reached US$ 847.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,918.3 Million by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2024-2032.
Vietnam Online Food Delivery Market Overview:
Online food delivery refers to the process of ordering food from a restaurant or food establishment through a digital platform, such as a website or mobile application, and having it delivered directly to the customer's location. Customers browse menus, select items, place orders, and make payments electronically, often using secure payment gateways. Once the order is confirmed, it is processed by the restaurant, prepared, and dispatched for delivery by designated delivery personnel or third-party delivery services. Online food delivery offers convenience, choice, and efficiency, allowing customers to enjoy restaurant-quality meals from the comfort of their homes or workplaces, while also providing restaurants with additional revenue streams and opportunities to reach a wider customer base.
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Vietnam Online Food Delivery Market Trends:
The market in Vietnam is majorly driven by the rising demand for convenient dining options. With more people living in cities and working long hours, the convenience of ordering food online and having it delivered directly to their doorstep appeals to a large segment of the population. Additionally, the widespread adoption of smartphones and internet connectivity across Vietnam has facilitated the proliferation of online food delivery platforms. As a result, consumers have easy access to a variety of restaurants and cuisines at their fingertips, enhancing their dining experience. Moreover, the COVID-19 pandemic has accelerated the shift towards online food delivery, as social distancing measures and lockdowns have prompted consumers to prioritize safety and contactless transactions. Restaurants have also adapted to the changing landscape by embracing digital platforms to reach customers and sustain their businesses amidst the challenges posed by the pandemic. Furthermore, the presence of numerous food delivery platforms competing in the Vietnamese market has led to intense competition, driving innovation and improvement in service quality. These platforms offer attractive discounts, promotions, and loyalty programs to attract customers, contributing to the overall growth of the online food delivery market in Vietnam.
Competitive Landscape:
The Vietnam online food delivery industry is concentrated in nature with the presence of a handful of players. Some of the leading players operating in the market are:
Vietnammm.com (Takeaway.Com N.V.)
Eat.vn
Foody.vn
Now.vn
Grab Food
Vietnam Online Food Delivery Market Segmentation:
Breakup by Order Method:
Mobile Application
Website
Breakup by Cuisine:
Vietnamese Cuisine
Western Cuisine
Italian Cuisine
South Asian Cuisine
Others
Regional Insights:
Southern Vietnam
Northern Vietnam
Central Vietnam
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
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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