Vietnam Online Food Delivery Market Forecast 2024-2032, Analysis, Size, Top Companies Share, & Research Report

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 market. 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.

Factors Affecting the Growth of the Vietnam Online Food Delivery Industry:

Rapidly Growing Internet and Smartphone Penetration:

The burgeoning internet and smartphone usage in Vietnam is a primary driver for the growth of the online food delivery market. With an increasing number of people gaining access to smartphones and the internet, there is a growing consumer base that prefers the convenience of ordering food online. This widespread connectivity facilitates easy access to food delivery platforms, driving the overall market expansion.

Changing Lifestyles and Urbanization:

The evolving lifestyles and urbanization in Vietnam contribute significantly to the rise in online food delivery services. As urban areas witness busy schedules and a rising working population, consumers seek time-saving solutions, and online food delivery platforms offer a convenient and quick way to access a variety of meals. The shift in consumer behavior towards more on-the-go and hassle-free dining options accelerates the demand for online food delivery services.

COVID-19 Pandemic Accelerating Digital Adoption:

The COVID-19 pandemic has accelerated the digital adoption of online services, including food delivery, in Vietnam. Lockdowns and social distancing measures prompted a notable increase in demand for contactless delivery options. Consumers turned to online food delivery platforms as a safer alternative during the pandemic, fostering a habit that has persisted beyond the immediate crisis. This shift in consumer behavior and increased reliance on digital services continue to drive the growth of the online food delivery market in Vietnam.

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Vietnam Online Food Delivery Market Trends:

The Vietnam online food delivery market is marked by notable trends reflective of changing consumer preferences. Firstly, there is a growing inclination towards diversified and healthier food options. Online food delivery platforms are responding to the increasing demand for a variety of cuisines, including healthier choices, accommodating consumers' evolving dietary preferences, and promoting a diverse culinary experience.

Secondly, the integration of technology and data analytics is becoming more prominent in the online food delivery sector in Vietnam. Companies are leveraging data-driven insights to enhance user experience, optimize delivery routes, and personalized recommendations. The utilization of advanced technologies, such as artificial intelligence and machine learning, not only streamlines operations but also ensures a more tailored and efficient service, aligning with the evolving expectations of tech-savvy consumers in the Vietnamese market.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Vietnam Online Food Delivery Industry are Given Below:

Vietnammm.com (Takeaway.Com N.V.)
Eat.vn
Foody.vn
Now.vn
Grab Food

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/vietnam-online-food-delivery-market

Vietnam Online Food Delivery Market Report Segmentation:

By Order Method:

Mobile Application
Website

Mobile app represents the largest segment as it is faster than websites and provide numerous advantages such as an easy user interface and saved customer profiles.

By Cuisine:

Vietnamese Cuisine
Western Cuisine
Italian Cuisine
South Asian Cuisine
Others

Vietnamese cuisine is the most popular segment due to the increasing popularity of Vietnamese cuisine.

Regional Insights:

Southern Vietnam
Northern Vietnam
Central Vietnam

On a geographical front, Southern Vietnam represents the biggest market. Other major regions include Northern Vietnam and 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.

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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.

This release was published on openPR.