Vietnam Online Food Delivery Market Share, Size, Demand and Report 2023-2028

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Updated on Nov 7, 2023

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According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the Vietnam online food delivery market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Vietnam online food delivery market size reached US$ 727.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,807.7 Million by 2028, exhibiting a growth rate (CAGR) of 15.61% during 2023-2028.

Vietnam Online Food Delivery Market Overview:

Online food delivery has revolutionized the way we access and enjoy meals. With the convenience of a few taps on a smartphone or clicks on a computer, consumers can order a wide variety of cuisines from their favorite restaurants and have it delivered to their doorstep. This industry has experienced explosive growth due to busy lifestyles, urbanization, and the digital age. It offers customers a diverse menu selection, contactless transactions, and real-time tracking, enhancing overall convenience. Online food delivery has become an integral part of modern dining, providing convenience and choice to consumers while reshaping the restaurant and food service landscape.

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Top Companies in Vietnam Online Food Delivery Industry:

  • Vietnammm
  • Grab Food

Vietnam Online Food Delivery Market Trends:

The market in Vietnam is majorly driven by consumers' fast-paced lifestyles, particularly in urban areas. Online platforms offer a vast array of restaurant choices and the ease of ordering from home or on the go, catering to this need for convenience. Furthermore, the widespread adoption of smartphones and the Internet has made online ordering more accessible. User-friendly apps and websites have simplified the process, attracting a broader customer base, including tech-savvy younger generations.

Moreover, the COVID-19 pandemic accelerated the market's growth, as lockdowns and safety concerns prompted a rise in online food orders. This shift in consumer behavior will likely have a lasting impact on the industry. Additionally, the strategic partnerships between online delivery platforms and restaurants have expanded the market's reach and variety, offering customers a broader selection of cuisines and dining experiences. The aggressive marketing, discounts, and loyalty programs have further incentivized consumers to choose online food delivery, contributing to its sustained growth.

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Key Market Segmentation:

Market Breakup by Ordering:

  • Mobile Application
  • Website

Market Breakup by Cuisines:

  • Vietnamese Cuisine
  • Western Cuisine
  • Italian Cuisine
  • South Asian cuisine

Market Region Summary:

  • Southern Vietnam
  • Northern Vietnam
  • Central Vietnam

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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