According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the Vietnam online food delivery market share is expected to grow at a CAGR of around 34% during 2021-2026. Online food delivery refers to services that allow individuals to order food from a restaurant or food joint through a mobile application or web page. These portals help users sort and filter through a wide range of choices in a convenient manner. Online food delivery ensures no-hassle ordering, express deliveries, fewer misunderstandings and minimum human interactions. Also, numerous discounts and cashback offered by these services have contributed to their widespread popularity across Vietnam.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Vietnam Online Food Delivery Market Trends:
The market is primarily driven by rapid digitization across the country. With the increasing penetration of internet and broadband services in Vietnam, there has been a considerable rise in the adoption of online food delivery services. Moreover, key players in the market are heavily investing in integrating their mobile applications with advanced technologies in an attempt to identify recurring customers and their order preferences, which is creating a positive outlook for the market. Some of the other factors propelling the market growth include rapid urbanization and the widespread adoption of contactless delivery services.
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The competitive landscape of the market has also been examined with some of the key players being:
- Vietnammm
- Eat.vn
- Foody.vn
- Now.vn
- Grab Food
Market Breakup by Ordering:
- Mobile Application
- Website
Currently, mobile application represents the popular order method as they are faster as compared to websites.
Market Breakup by Cuisines:
- Vietnamese Cuisine
- Western Cuisine
- Italian Cuisine
- South Asian cuisine
Amongst these, consumers mostly prefer Vietnamese cuisine owing to the increasing number of local online food vendors.
Market Region Summary:
- Southern Vietnam
- Northern Vietnam
- Central Vietnam
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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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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