Vietnam Online Food Delivery Market Introduction and Overview
According to SPER Market Research, the Vietnam Online Food Delivery Market is estimated to reach USD 3344.08 million by 2033 with a CAGR of 14.59%.
The report includes an in-depth analysis of the Vietnam Online Food Delivery Market, including market size and trends, product mix, applications, and supplier analysis. Online food delivery is the practice of placing an order via a website or mobile app from a restaurant or food cooperative. To meet the needs of customers, these applications and websites offer filters and a variety of payment options, including cash on delivery, debit/credit cards, net banking, etc. In addition, a number of businesses enable their customers to register for frequent and easy ordering. Benefits provided by online meal delivery services include quick and simple ordering, reduced stress, fewer misunderstandings and miscommunications, less engagement with people, and cashback incentives.
Market Opportunities and Challenges
Opportunities-
Cloud kitchen integration is growing.
The market is being driven by the incorporation of virtual or cloud kitchens. These kitchens don't require a real eating area because they are only used to fulfill orders placed online. Restaurants can focus only on meeting the increasing demand for online delivery thanks to this strategy, which also lowers overhead costs. The growing popularity of cloud kitchens improves online meal delivery services' scalability and efficiency. Additionally, the incorporation of cloud kitchens transforms the culinary scene by facilitating increased creativity and agility. By emphasizing digital ordering, eateries may test out a variety of menu items, react fast to shifting customer tastes, and streamline their processes for optimal effectiveness.
Challenges- Vietnam's location and traffic circumstances provide significant logistical hurdles for online meal delivery services. Navigating congested urban locations and making timely deliveries can be challenging, resulting in delays and order accuracy difficulties. Furthermore, ensuring food safety during transportation is crucial, and maintaining desired food quality while overcoming logistical obstacles is an ongoing task. The requirement for a well-organized delivery infrastructure, which includes last-mile delivery options, refrigeration for perishable commodities, and effective traffic control, adds to operational complexity. Addressing these logistical and infrastructure difficulties is critical to the long-term success of Vietnam's online meal delivery sector.
Market Competitive Landscape
There are many big companies fighting for market share in Vietnam's fiercely competitive online meal delivery sector. Key market players are Vietnammm.com (Takeaway.Com N.V.), Eat.vn, Foody.vn, Now.vn, Grab Food.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Order Method, By Cuisine.
|
| Regions covered | North Vietnam, South Vietnam, East Vietnam, West Vietnam.
|
| Companies Covered | Vietnammm.com (Takeaway.Com N.V.), Eat.vn, Foody.vn, Now.vn, Grab Food. |
COVID-19 Impact on Vietnam Online Food Delivery Market
The COVID-19 pandemic has increased digital adoption of internet services in Vietnam, especially meal delivery. Lockdowns and social distancing tactics led to a significant increase in demand for contactless delivery services. During the pandemic, consumers turned to online food delivery services as a safer alternative, establishing a habit that has endured past the immediate crisis. This shift in customer behavior, along with a greater reliance on digital services, is propelling the Vietnamese online meal delivery sector to new heights.
By Cuisine Insights
The market has been thoroughly broken down and analyzed by cuisine in the research. This covers, among other things, south Asian, Italian, Vietnamese, and western cuisine. The survey found that the largest segment was Vietnamese cuisine. As a major player in the Vietnamese market, both domestic and foreign venues provide a wide variety of choices, from regional delicacies to classic pho and banh mi. These platforms' sections devoted to Vietnamese food showcase the country's rich culinary legacy and let users sample and savor real flavors. Due to the population's strong cultural links to food and the emphasis on Vietnamese cuisine, the online menu landscape is lively and varied.
Key Target Audience:
- Young Professionals
- College and University Students
- Health-Conscious Consumers
- Office Workers
- Frequent Travelers
- Expats and Foreign Residents
- Urban Residents
- Small and Medium Enterprises (SMEs)
- Event Planners and Organizers
- Tech-Savvy Consumers
- Food Enthusiasts
Our in-depth analysis of the Vietnam Online Food Delivery Market includes the following segments:
| By Order Method: | Mobile ApplicationWebsite |
| By Cuisine: | Vietnamese CuisineWestern CuisineItalian CuisineSouth Asian CuisineOthers |
Key Topics Covered in the Report:
- Vietnam Online Food Delivery Market Size (FY’2024-FY’2033)
- Overview of Vietnam Online Food Delivery Market
- Segmentation of Vietnam Online Food Delivery Market by Order Method (Mobile Application, Website)
- Segmentation of Vietnam Online Food Delivery Market by Cuisine (Vietnamese Cuisine, Western Cuisine, Italian Cuisine, South Asian Cuisine, and Others)
- Statistical Snap of Vietnam Online Food Delivery Market
- Expansion Analysis of Vietnam Online Food Delivery Market
- Problems and Obstacles in Vietnam Online Food Delivery Market
- Competitive Landscape in the Vietnam Online Food Delivery Market
- Impact of COVID-19 and Demonetization on Vietnam Online Food Delivery Market
- Details on Current Investment in Vietnam Online Food Delivery Market
- Competitive Analysis of Vietnam Online Food Delivery Market
- Prominent Players in the Vietnam Online Food Delivery Market
- SWOT Analysis of Vietnam Online Food Delivery Market
- Vietnam Online Food Delivery Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Online Food Delivery Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Online Food Delivery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Online Food Delivery Market
7. Vietnam Online Food Delivery Market, By Order Method (USD Million) 2020-2033
7.1. Vietnam Online Food Delivery Market Size, Share and Forecast, By Order Method, 2020-2026
7.2. Vietnam Online Food Delivery Market Size, Share and Forecast, By Order Method, 2027-2033
7.3. Mobile Application
7.4. Website
8. Vietnam Online Food Delivery Market, By Cuisine (USD Million) 2020-2033
8.1. Vietnam Online Food Delivery Market Size, Share and Forecast, By Cuisine, 2020-2026
8.2. Vietnam Online Food Delivery Market Size, Share and Forecast, By Cuisine, 2027-2033
8.3. Vietnamese Cuisine
8.4. Western Cuisine
8.5. Italian Cuisine
8.6. South Asian Cuisine
8.7. Others
9. Vietnam Online Food Delivery Market Forecast, 2020-2033 (USD Million)
9.1. Vietnam Online Food Delivery Market Size and Market Share
10. Vietnam Online Food Delivery Market, By Region, 2020-2033 (USD Million)
10.1. Vietnam Online Food Delivery Market Size and Market Share By Region (2020-2026)
10.2. Vietnam Online Food Delivery Market Size and Market Share By Region (2027-2033)
10.3. North Vietnam
10.4. South Vietnam
10.5. East Vietnam
10.6. West Vietnam
11. Company Profile
11.1. Vietnammm.com (Takeaway.Com N.V.)
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Eat.vn
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Foody.vn
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Now.vn
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Grab Food
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Others
12 Conclusion
13 List of Abbreviations
14 Reference Links