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Vietnam Online Food Delivery Market Share, Size, Growth, Opportunity and Future Outlook 2033: SPER Market Research

Online food delivery is a digital service enabling customers to order meals and drinks from local restaurants or food establishments using internet-enabled devices such as smartphones, tablets, or computers. This service is generally provided through various online platforms, including restaurant websites, mobile applications, and third-party services like Uber Eats, DoorDash, Grubhub, Deliveroo, or Food panda. The procedure involves exploring menus, placing orders, processing digital payments, and receiving food directly at the customer's designated location usually their home, office, or other address. The online food delivery framework consists of two primary models: the restaurant-to-consumer model, where restaurants manage their own logistics, and the platform-to-consumer model, where third-party platforms oversee both ordering and delivery. 

According to SPER market research, ‘Vietnam Online Food Delivery Market Growth, Size, Trends Analysis– By Order Method, By Cuisine- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Vietnam Online Food Delivery Market is predicted to reach 3344.08 million by 2032 with a CAGR of 14.59%. 

Drivers: 

The online food delivery sector in Vietnam is undergoing significant expansion, fuelled by a blend of technological progress, evolving consumer habits, and strategic collaborations within the industry. A key factor in this growth is Vietnam's impressive internet penetration rate of 78. 6%, combined with the widespread use of smartphones, which provides effortless access to food delivery services. Urbanization and changing lifestyles, especially among younger populations, have boosted the demand for convenient dining solutions, positioning online food delivery as a favored option. Moreover, the incorporation of cutting-edge technologies, including AI-enhanced recommendation systems and real-time order monitoring, has improved user experiences and operational effectiveness. Collaborative efforts between food delivery platforms and restaurants have also played a vital role in the expansion of the market. 

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Restraints: 

The online food delivery landscape in Vietnam encounters numerous obstacles that could impede its long-term progress. A key issue is the fierce rivalry among leading companies such as Grab Food and Shopee Food, resulting in cutthroat marketing tactics and pricing competition. Although these approaches draw in consumers, they frequently lead to minimal profit margins and may not be viable over time. Additionally, logistical challenges present considerable difficulties. Urban centers grapple with traffic jams and unpredictable weather, which impact the punctuality of deliveries, while rural areas deal with inadequate infrastructure, resulting in restricted delivery reach and elevated operational expenses. Ensuring food quality and freshness throughout transportation continues to be a significant worry, as any lapse could result in unfavourable reviews and a decline in customer confidence. 

Ho Chi Minh City leads Vietnam's online food delivery sector, thanks to its high urban density, widespread smartphone usage, and an extensive network of restaurants and delivery personnel, positioning it as the main center for services such as Grab Food and Shopee Food. Some of the key market players are Vietnammm.com (Takeaway.Com N.V.), Eat.vn, Foody.vn, Now.vn, Grab Food. 

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Vietnam Online Food Delivery Market Share

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Japan Dietary Supplements Market Size, Share, Growth, Trends Analysis and Future Outlook 2033: SPER Market Research

Dietary supplements are oral products that include one or more components meant to complement a person's diet. These components could consist of various substances such as vitamins, minerals, herbs, enzymes, and amino acids. Supplements are available as liquids, powders, tablets, and capsules. Although they are not meant to take the place of a balanced diet, dietary supplements can support particular health requirements, close nutritional gaps, or improve general wellbeing. People who want to prevent vitamin shortages, enhance sports performance, or improve their health frequently utilize them. Still, not all supplements have solid scientific support, and overuse or misuse can have negative consequences. The efficacy and quality of supplements might vary greatly depending on the country's regulatory criteria. 

According to SPER Market Research, ‘Japan Dietary Supplements Market Size By Type, By Mode of Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that Japan Dietary Supplements market is estimated to reach USD 15.56 billion by 2033 with a CAGR of 5.85%. 

The market for dietary supplements is expanding in Japan as a result of consumers' growing knowledge of the importance of both physical and mental well-being. Because they reduce stress, it is anticipated that demand for botanical supplements with ingredients like ginseng and ashwagandha would rise. Nutritional supplements that increase energy have become more and more popular, and the most convenient way to consume them is through gummies. They are well-liked among millennials in Japan because of their strong ginseng, guarana, and vitamin B content. The increase in skin and hair issues has caused Japanese customers to purchase health supplements that contain micronutrients such as magnesium, biotin, vitamin E, and vitamin C. Manufacturers are creating health supplements in response to the increased focus on women's health.  

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Despite its maturity and high level of consumer knowledge, the Japanese industry for nutritional supplements confronts a number of obstacles. The aging population is a major problem that both raises demand for health products and puts more pressure on businesses to offer highly effective, scientifically validated supplements specifically designed for older consumers. Another issue is regulatory barriers. Under Japan's strict Food with Function Claims (FFC) and Food for Specified Health Uses (FOSHU) systems, it is challenging for newcomers to get clearance and successfully promote their products. Furthermore, consumers' mistrust of unsupported health claims and their increasing inclination toward natural, food-based remedies rather than artificial supplements may restrict market expansion. 

In Japan, the market for dietary supplements varies by location, with the Kanto region—which includes Tokyo—becoming the largest market sector.  Some of the key players are - Takeda Pharmaceutical Company Limited, Otsuka Pharmaceutical Co., Ltd, Daiichi Sankyo Company, Limited, Eisai Co. Ltd, Meiji Holdings Co Ltd. 

For More Information, refer to below link: –   

Japan Dietary Supplements Market Share

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LinkedIn | Instagram | Facebook | Twitter  

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