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Vietnam Online Food Delivery Market Size, Share, Forecast: By Order Mode: Online, Offline; By Online Order Method: Mobile Application, Website; By Cuisine: Vietnamese Cuisine, Western Cuisine, Italian Cuisine, South Asian Cuisine, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Vietnam Online Food Delivery Market Outlook
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.
Properties and Applications
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:
- Online
- Offline
Based on online order method, the industry can be segmented as follows:
- Mobile Application
- Website
On the basis of cuisine, the market can be divided into the following:
- Vietnamese Cuisine
- Western Cuisine
- Italian Cuisine
- South Asian Cuisine
- Others
The regional markets for the service in Vietnam include Southern, Northern, and Central Vietnam.
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Market Analysis
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.
Competitive Landscape
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:
- Vietnam MM Co., Ltd
- Foody Corporation
- Others
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.
Key Highlights of the Report
| 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 |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Vietnam
7 Opportunities and Challenges in the Market
8 Vietnam Online Food Delivery Market Analysis
8.1 Key Industry Highlights
8.2 Vietnam Online Food Delivery Historical Market (2018-2023)
8.3 Vietnam Online Food Delivery Market Forecast (2024-2032)
8.4 Vietnam Online Food Delivery Market by Order Mode
8.4.1 Online
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Offline
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Vietnam Online Food Delivery Market by Online Order Method
8.5.1 Mobile Application
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Website
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Vietnam Online Food Delivery Market by Cuisine
8.6.1 Vietnamese Cuisine
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Western Cuisine
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Italian Cuisine
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 South Asian Cuisine
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Vietnam Online Food Delivery Market by Region
8.7.1 Southern
8.7.2 Northern
8.7.3 Central
9 Regional Analysis
9.1 Southern
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Northern
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Central
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
12.2.1 Vietnam MM Co., Ltd
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Key Business Strategies and Plans
12.2.2 Foody Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Key Business Strategies and Plans
12.2.3 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Vietnam Online Food Delivery Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Online Food Delivery Historical Market: Breakup by Order Mode (USD Million), 2018-2023
3. Vietnam Online Food Delivery Market Forecast: Breakup by Order Mode (USD Million), 2024-2032
4. Vietnam Online Food Delivery Historical Market: Breakup by Online Order Method (USD Million), 2018-2023
5. Vietnam Online Food Delivery Market Forecast: Breakup by Online Order Method (USD Million), 2024-2032
6. Vietnam Online Food Delivery Historical Market: Breakup by Cuisine (USD Million), 2018-2023
7. Vietnam Online Food Delivery Market Forecast: Breakup by Cuisine (USD Million), 2024-2032
8. Vietnam Online Food Delivery Historical Market: Breakup by Region (USD Million), 2018-2023
9. Vietnam Online Food Delivery Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Vietnam Online Food Delivery Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The Vietnam online food delivery market is driven by growing internet and smartphone penetration and an increase in the number of restaurants and other food chains. Aided by the technical advancements in the Vietnam online food delivery market, it is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 24%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its modes, the industry can be segmented into online and offline modes. On the basis of online order methods, the industry has been bifurcated into mobile application and website. On the basis of cuisines, the industry can be categorised into Vietnamese cuisine, Western cuisine, Italian cuisine, and South Asian cuisine, among others. The major regional markets for the service in Vietnam are Southern, Northern, and Central Vietnam. The key players in the above market include Vietnam MM Co., Ltd, and Foody Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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