Vietnam Online Food Delivery Market Overview 2018, Demand by Regions, Share and Forecast to 2023

Over the years, the Vietnam online food delivery market has been witnessing a robust growth. This can be highly attributed to changing lifestyles, increasing young population as well as various technological developments in food industry.

According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Vietnam online food delivery market reached a value of US$ 196 Million in 2017. 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.

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.