Vietnam Online Food Delivery Market 2021-2026 Size, Share, Trends, Outlook, Analysis, and Forecast

Vietnam Online Food Delivery Market 2021-2026 Size, Share, Trends, Outlook, Analysis, and Forecast

According to the latest report by IMARC Group, titled Vietnam Online Food Delivery Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The Vietnam online food delivery market is expected to grow at a CAGR of around 34% during 2021-2026. Online food delivery refers to the process of ordering food from a food cooperative or restaurant through mobile application or webpage which offer filters and different types of paying methods as per the need of consumers. The online service helps consumers to order food with optimum convenience and easy accessibility. They are also able to compare the prices and menus of several restaurants and food service providers by using various modes of online food delivery applications. In addition, these websites and applications provide a wide variety of food options depending upon the preferences of the consumers including Vietnamese Cuisines, Western Cuisines, and South Asian Cuisines among others.

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Vietnam Online Food Delivery Market Trends:

Currently, the food service industry in Vietnam is experiencing a strong growth which is creating numerous opportunities for the online food delivery market in the region. Apart from this, over the past decade, there have been several technological developments in the Vietnam food industry which help in identifying recurring customers and, in turn, recommend them new food items based upon their previous orders. There has also been a rapid change in the lifestyles of consumers on account of rising urbanisation and busy work schedules which has obligated them to opt for convenient food options. These are some of the factors which are proliferating the growth of the market in Vietnam. Moreover, the number of millennials is on a rise in the country which is further expected to support the market growth. However, various logistical challenges being faced by companies lead to a delay in the delivery of food which is obstructing the overall growth of the Vietnam online food delivery market. Looking forward, IMARC Group expects the market to exhibit double-digit growth during the forecast period 2020-2025.

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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:

On a regional-basis, Southern Vietnam is the largest market share for online food delivery, holding the majority of the share. This is due to the fact that the region includes some of the largest cities of Vietnam with rising internet and mobile penetration. Southern Vietnam is followed by Northern Vietnam and Central Vietnam.

The competitive landscape of the market has also been examined with some of the key players being:

  • Vietnammm.com
  • Takeaway.Com
  • N.V.
  • Foody.vn
  • Now.vn
  • Eat.vn
  • Grab food

Key Highlights of the Report:

  1. Market Performance (2015-2020)
  2. Market Outlook (2021- 2026)
  3. Porter’s Five Forces Analysis
  4. Market Drivers and Success Factors
  5. SWOT Analysis
  6. Value Chain
  7. 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.

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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