Connect with us

Business

Food delivery business to reach THB33-35 billion in 2019

KResearch estimates that the food delivery business in 2019 will amount to THB33-35 billion, up 14 percent from the previous year

Kasikorn Research Center

Published

on

  Food delivery applications are an example of ‘digital disruption’, in which digital technology transforms not only consumer behavior but also restaurants’ food supply chains.

 KResearch estimates that the food delivery business in 2019 will amount to THB33-35 billion, up 14 percent from the previous year, and account for 8 percent of Thailand’s total restaurant business value in 2019.​

Additionally, food ordering apps have propelled the food delivery business to enjoy an annual growth rate of over 10 percent from 2014-2018, higher than the expansion rate of the restaurant business in the same time, at only 3-4 percent per year.        

The popularity of the food delivery business is reflected in the results of a survey conducted by KResearch.

The findings show that 63 percent of the respondents think that the advent of food ordering apps has changed consumer behavior. Diners increasingly order food via online platforms, and decreasingly dine out at restaurants.

The burgeoning food delivery and related application business has increased opportunities for players in restaurant supply chains, including small and big restaurants, to generate more income as they can reach out to new groups of customers.

In fact, the market share of restaurant revenue in the online food delivery market is estimated to reach around THB26 billion. Delivery motorbike riders can also earn extra income by receiving business from online food delivery platforms; the market share of the delivery motorcycle service is estimated at THB3.9 billion.

At the same time, the vigorous battle of food apps has prompted restaurant chain operators to adjust their business models in order to maintain their competitive edge and market share. Restaurant chains may have to add channels for receiving food orders from customers and offer a wider variety of menu options.

They may also have to choose environmentally-friendly packaging to make their products more appealing to ‘green’ customers.

Competition among food delivery apps continues to push food delivery business to THB33-35 billion in 2019 (Current Issue No.2995) – KASIKORN RESEARCH CENTER

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Business

One million people register on first day of Chim-Shop-Chai program

10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application

Avatar

Published

on

A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive a 1,000 baht giveaway to be spent between September 27th and November 30th, on the first day.

(more…)

Continue Reading

Business

16 countries agree to conclude RCEP talks by end of this month

The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments

National News Bureau of Thailand

Published

on

BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the final round of the Regional Comprehensive Economic Partnership (RCEP) talks in Vietnam should reach their conclusion by the end of this month.

(more…)

Continue Reading

Business

Thailand to Produce 2.5 Million Vehicles in 2030

Today there are about 15 million vehicles in Thailand and the Energy Ministry expects to see 1.2 million BEVs and plug-in hybrid electric vehicles within 2036.

Boris Sullivan

Published

on

The Thailand Automotive Institute expects the country will produce 2.5 million vehicles in 2030 and about 200,000 of them will be battery electric vehicles (BEVs).

(more…)

Continue Reading

Most Read

Upcoming Events

Mon 21

34th International Conference on Dental and Oral Health

October 21 @ 9:00 am - October 22 @ 5:00 pm BMT
Nov 06

2nd World Congress on Pediatrics and Child care

November 6 @ 8:00 am - November 7 @ 7:00 pm BMT
Radisson Hotel Narita
Tomisato-shi
Nov 07

3rd World Congress On Gynecology, Obstetrics & Reproductive Health

November 7 @ 9:00 am - November 8 @ 4:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,135 other subscribers

Trending