SAN ANTONIO, Feb. 15, 2022 /PRNewswire/ — Frost & Sullivan’s recent analysis, Southeast Asia on-demand food delivery market, finds that the industry presents promising growth opportunities for market players. Rising penetration of internet and mobile applications and increasing number of internet subscribers is accelerating the expansion of the market. The gross merchandise value (GMV) of the region’s market is expected to reach $49.72 billion by 2030, from $15.15 billion in 2021, registering a compound annual growth rate (CAGR) of 14.1 %.
For more information on this analysis, please see: https://frost.ly/6zk
The on-demand food delivery market in Southeast Asia is highly concentrated. GrabFood (by Grab), Foodpanda (by Delivery Hero) and GoFood (by Gojek) contributed 84.8% of the total market share in 2021, followed by smaller operators such as Deliveroo in Singapore, Line Man in Thailand and ShopeeFood in Indonesia, Malaysia. and Thailand. By market share in 2021, GrabFood is the leading on-demand food delivery service in Southeast Asia with 47.8% of the market, followed by Foodpanda at 23.2%, GoFood at 13.8% and others at 15.2%.
“The rise of shared mobility solutions in Southeast Asia has accelerated the expansion of on-demand food delivery services. Backed by large customer bases and user dependency, operator super apps enable value chain integration,” said Ming Lih Chan, Industry Analyst, Mobility at Frost & Sullivan. “In addition, leading on-demand service operators are expected to expand their product portfolios over the next three years, including on-demand food and beverage deliveries, fresh food and kitchen supplies, groceries, pharmaceuticals, etc.”
Chan added, “The development of on-demand food delivery services will lead to the optimization of merchants, including supply chain management and time management, which vary with food delivery types such as such as instant, scheduled and deferred. Moreover, with the rapid evolution of technology and the popularization of mobile internet, the adoption of digital payment solutions as opposed to cash on delivery will also increase.”
To exploit growth prospects, on-demand food delivery operators must:
- Evaluate the potential integration of different industriesin particular those related to mobility, including strategic partnerships, mergers and acquisitions.
- Improve the instant food delivery market and strengthen their competitiveness by expanding their product portfolios and applying new technologies.
- Explore Merchant Partnershipsespecially catering restaurants and catering services, to enrich product choices for users.
Southeast Asia On-Demand Food Delivery Market, 2021-2030 is the latest addition to Frost & Sullivan’s Mobility research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of growth opportunities to succeed in the unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been recognized globally for its role in helping investors, business leaders and governments navigate economic change and identify disruptive technologies, megatrends, new business models and companies into action, driving a steady stream of growth. opportunities to foster future success. Contact us: Start the discussion
Southeast Asia On-Demand Food Delivery Market, 2021-2030
Melissa TanCorporate CommunicationsT: +65 6890 0926E: [email protected]
Show original content to download multimedia:https://www.prnewswire.com/news-releases/on-demand-food-delivery-services-next-growth-frontier-in-southeast-asia-301482244.html
SOURCE Frost & Sullivan