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The Vietnam online food delivery market size is expected to grow at a CAGR of about 24% in the forecast period of 2024-2032.
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The food delivery service in Vietnam is rising rapidly and creating numerous possibilities for the online food delivery market in the country. In addition, in the last decade, many technical advancements have been taking place in Vietnam's food delivery market to help identify repeat customers and recommend new food products based on previous orders. The lifestyles of consumers have rapidly changed due to rising urbanisation and busy work schedules, which have compelled them to choose convenient food options. These are among the factors that are increasing the Vietnam online food delivery market growth. In addition, the existence of a robust population of millennial consumers in the country is further anticipated to boost the market expansion.
Online food delivery refers to the concept of ordering food by means of a mobile application or webpage from a restaurant, which offers filters and different payment methods depending on customer needs, including cash on delivery, debit/credit cards, net banking, and others. The online service allows customers to order food in the best possible way and with convenient access. They can also compare the prices and menus of multiple restaurants. Such websites and apps offer a wide variety of food choices, based on customer tastes, like Vietnamese cuisines, Western cuisines, and South Asian cuisines, among others.
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On the basis of order mode, the industry is categorised into:
Based on online order method, the industry can be segmented as follows:
On the basis of cuisine, the market can be divided into the following:
The regional markets for the service in Vietnam include Southern, Northern, and Central Vietnam.
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Improved restaurant productivity is a major driver for the growth of the Vietnam online food supply market. Online orders make a restaurant's daily operations more efficient. The time consumed in workers taking orders over the phone is minimized as well as the emphasis on dining customers is increased. In addition, the probability of human error due to miscommunication is minimized. The convenience as well as the easy accessibility of the industry acts as a major driving force for the development of the market.
With the rise of digital technologies, the country's food supply industry is being reformulated. Online food ordering provides consumers with convenience, as well as a greater degree of transparency. Consumers are free to compare the menus as well as prices of various restaurants through various online food delivery modes. This helps them to order food at a better price than the traditional method of ordering as per their taste and preference and available menus. A thorough database of consumers could be generated via the online ordering and delivery system to identify regular customers, their preferences as well as repeat orders. In the previous methods of ordering food, several issues included time limitations, human errors, and other discrepancies owing to which restaurants often had to cancel or abandon their orders. However, these difficulties can be addressed with the online food delivery options, which create a smoother flow of orders and offer an easily accessible customer redressal portal. These factors are together propelling the growth of the market in Vietnam.
The report gives a detailed analysis of the following key players in the Vietnam online food delivery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Order Mode |
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Breakup by Online Order Method |
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Breakup by Cuisine |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 24% between 2024 and 2032.
The major drivers of the market are rapid urbanisation, changing consumer preferences, growing number of smartphone users, and expanding food chains.
The key trends guiding the growth of the online food delivery market in Vietnam are the advancements in technology in the region's food delivery market and the growing popularity of food delivery among younger consumers.
The major regions for online food delivery in Vietnam are Southern, Northern, and Central.
Online and offline are the significant order modes of online food delivery in the market.
The major online order methods of in the market are mobile applications and websites.
Vietnamese cuisine, Western cuisine, Italian cuisine, and South Asian cuisine, among others, are the various cuisines in the Vietnam online food delivery market.
The major players in the Vietnam online food delivery market are Vietnam MM Co., Ltd, and Foody Corporation, among others.
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