food delivery market in vietnam

Samples (FAQs about samples):. GCOMM found that 99 percent of surveyed consumers said they use online food ordering service at least 2-3 times a month, while 39 percent use the service 2-3 times a week. Dublin, Nov. 15, 2018 (GLOBE NEWSWIRE) -- The "Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and … Research Background • Target Respondents: 404 People • Men and Women from 19~39 years old • Place: HCMC, Hanoi • Research Conducted in June 2016 • Notes: • In this report, “food delivery” excludes drinks and take-out service. Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in Vietnam with research from Euromonitor's team of in-country analysts. In Vietnam, food delivery service is booming with the participation of many players sharing the “pie” with estimated size around $33 mil., according to Euromonitor. With a growth in digital technology, the food delivery market in the country is being reshaped. Overview. Online food delivery refers to the process of ordering food from a food cooperative or restaurant through a mobile app or webpage. In a move that shook up the industry, Grab officially announced the launch of GrabFood in Ho Chi Minh City in June 2018 to pursue the ambition of creating so-called super-apps. Luong Duy Hoai, CEO of Scommerce, thinks the value of the Vietnamese food delivery market, like the Chinese market, amounts to 6-8 percent of total revenue of the e-commerce market, saying that there are similarities in both Vietnamese and Chinese markets. Overview. The shape of the market today. Make your life easier is our mission! Fast, reliable and convenient, Now is an on-demand food delivery service app in Vietnam, also featuring a variety of other local services such as fresh grocery & medicine delivery, table booking, passenger & parcel transportation and home/personal services. GrabFood and GoViet marketing campaigns have signed contracts reportedly worth hundreds of thousand of dollars with celebrities. With 1.500 of delivery restaurants in Da Nang, Ha Noi Ho Chi Minh City, Hoi An and Nha Trang we are one of the biggest food delivery platforms in Vietnam. Globally, the online food delivery market is worth more than US$35 billion annually, and is forecasted to reach US$365 billion by 2030. Worldwide, the market for food delivery stands at €83 billion, or 1 percent of the total food market and 4 percent of food sold through restaurants and fast-food chains. Already in 2017, Vietnam has shelled out an impressive US $210 million on online food deliveries—a significantly large number. “The on-demand food delivery industry in Việt Nam remains highly competitive. Foodpanda was set up in mid-2012 and by mid-2014 provided food delivery services in Vietnam’s five biggest cities including Hanoi capital and Ho Chi Minh City. Discover Vietnam consumer trend and insight through our full market report. Currently, the food service industry in Vietnam is experiencing a strong growth which is creating numerous opportunities for the online food delivery market in the region. Vietnam is the emerging hotspot of the world, with its bolstering economy and growing business activities in the country. Chained Asian fast food players, through brands such as Pepper Lunch and Com Tho Chay, combine the convenience factor of fast food with a more premium and comfortable environment, attracting office workers and families. To attract more users, all the existing apps have been trying to expand their networks. Vietnam’s online food delivery market was relatively quiet two years ago when Foody’s Now.vn dominated the space. While Go-Food chose Son Tung, a young singer, GrabFood chose Bui Tien Dung, the goalkeeper of Vietnam national U-23 football squad. delivery. Euromonitor International’s 100% Home Delivery/Takeaway in Vietnam report offers a comprehensive guide to the size and shape of the market at a national level. Grab Food is the most popular food delivery application in Vietnam with 79% market share, a report by Q&Me, an online market research service, revealed. Samples (FAQs about samples):Delivery: Files are delivered directly into your account within a few minutes of purchase. Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 The Vietnam online food delivery market was worth US$ X Million in 2017, registering a CAGR of X% during the year 2010-2017. Added to that, the market is expected to show an impressive annual growth rate of 33.6% over the next four years. Moving forward, the market is expected to hit VND24.99 trillion ($1.11 billion) by 2020, according to Euromonitor. Now ranked second with 56%, followed by Go Food (41%), Bacmin (15%) and Loship (12%), the Vietnam News Agency (VNA) reported. However, Delivery Hero exited the local market after discontinuing Foodpanda and transferring it to the Vietnammm app. Market research firm Euromonitor said the food delivery market in Vietnam is currently valued at 33 million USD and may exceed 38 million USD by 2020. According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the online food delivery market in Vietnam grow at a CAGR of 34% in 2014-2029.Online food delivery refers to the process of ordering food from a food cooperative or restaurant through mobile application or … Malaysia: Revenue in the Online Food Delivery segment is projected to reach US$211m in 2020. Q&Me is online market research provided by Asia Plus Inc. Food Delivery Market in Vietnam 2. Find the best delivery restaurant within a few clicks and enjoy your food! The food delivery business is valued at $100 billion as estimated by McKinsey, or 1 percent of the total value of the food market. Vietnam Online Food Delivery Market (2018-2023) - The Leading Players are Vietnammm, Eat.vn, Foody.vn, Now.vn, and Grab Food - ResearchAndMarkets.com November 15, 2018 GMT DUBLIN--(BUSINESS WIRE)--Nov 15, 2018--The “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to … Food delivery services are not new, but apps and smartphones are expanding the reach of delivery services. The food delivery market is witnessing cutthroat competition among new players. Vietnam market report of Food delivery service usage in Vietnam. Delivery: Files are delivered directly into your account within a few minutes of purchase. The market for Courier, Express, and Parcel business in Vietnam is expected to cross USD 3.5 billion by 2024, witnessing a CAGR of 15-18%, during the forecast period (2019-2024). The post pandemic period could see greater growth with more consumers opting for safety and convenience, some market observers have said. Order takeaway with Vietnammm.com! Vietnam Online Food Delivery Market Drivers/Constraints: A major factor catalysing the growth of the online food delivery market in Vietnam is its convenience and easy accessibility. The Vietnam online food delivery market was worth US$ X Million in 2017, registering a CAGR of X% during the year 2010-2017. According to Vietnam Industry Research and Consultancy (VIRAC), a market research firm, the revenues of five leading fast-food chains in Vietnam including KFC, Lotteria, Jollibee, Pizza Hut and The Pizza Company totaled VND5 trillion (US$214 million) in 2018, up 13% compared to the previous year, but significantly lower than 24% of the 2016-2017 period. Reach of delivery services is full of simplicity, subtle variations by and! 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