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Written by Rahul Singh » Updated on: November 19th, 2024
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 share. 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 revolutionizes the culinary experience, offering a convenient and efficient way for consumers to enjoy a diverse range of cuisines from the comfort of their homes. This service allows users to browse through an extensive array of restaurants, place orders through user-friendly apps or websites, and have their favorite meals delivered promptly. The online food delivery industry has witnessed rapid growth, driven by the increasing demand for convenience, time-saving solutions, and the expanding food culture. With a seamless ordering process, real-time tracking, and diverse menu options, online food delivery platforms have become integral to modern dining habits, catering to the preferences of busy individuals seeking culinary variety at their fingertips.
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Vietnam Online Food Delivery Market Trends:
The market in Vietnam is majorly driven by the increasing urbanization and changing lifestyles. As urban areas expand and people lead busier lives, the demand for convenient dining options has surged, propelling the popularity of online food delivery services. Moreover, the widespread adoption of smartphones and the internet has played a crucial role. The accessibility of food delivery platforms via mobile apps has made it easier for consumers to explore diverse culinary options, place orders seamlessly, and track deliveries in real-time. Vietnam's burgeoning middle class, with rising disposable incomes, contributes to the demand for dining experiences beyond traditional restaurants.
Online food delivery caters to this demand, offering a wide variety of cuisines, from local favorites to international fare, at the fingertips of consumers. The COVID-19 pandemic has further accelerated the adoption of online food delivery services in Vietnam. Movement restrictions and safety concerns prompted a surge in demand for contactless dining solutions, reinforcing the convenience and relevance of online food delivery platforms. Government support and regulatory frameworks have contributed to market growth. The government's initiatives to promote e-commerce and digital services, coupled with the establishment of favorable regulations, create an enabling environment for the online food delivery industry to thrive.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/vietnam-online-food-delivery-market
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:
Vietnam Online Food Delivery Market Segmentation:
Breakup by Order Method:
Breakup by Cuisine:
Regional Insights:
Key highlights of the Report:
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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