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Food delivery and ride-hailing sales hits $5bn in H1
Thailand’s online food delivery and transportation industries are experiencing rapid growth driven by different factors.
The first half of 2024 has been a remarkable period for Thailand’s online food delivery and ride-hailing services, with the combined gross merchandise value (GMV) hitting an impressive US$5 billion. This milestone is a testament to the country’s rapid digital transformation and the growing consumer demand for convenience and efficiency.
Key takeaways
- Thailand is showing significant growth in different markets like the online food delivery and transportation market segments.
- During the first half of the year, the market was divided with Line Man holding a 44% market share, followed by Grab (40%), ShopeeFood (10%),
- In 2024, the Thai food service market is estimated to reach a value of $32.85 billion, with a projected growth to $47.79 billion by 2029
According to data provided by Redseer Strategy Consultants, the combined gross merchandise value (GMV) of these industries will have reached $5 billion during the first half of 2024.
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