Thailand has a large and diverse market for food delivery apps, thanks to its population of more than 69 million, its growing middle class, and its rich food culture.
In this article, we will look at the current situation and the future potential of the food app startup ecosystem in Thailand, with a focus on three main players: Grab, Line Man, and Foodpanda.
How the Market Grew from 2021 to 2023
The food delivery market in Thailand has seen a rapid growth in the past few years, especially during the COVID-19 pandemic, which increased the demand for convenient and contactless food delivery options. A report by Statista showed that the market value of food delivery in Thailand increased by 62% in 2021, reaching 51.5 billion baht (about 1.6 billion USD).
Among the food delivery apps that operate in Thailand, Grab, Line Man, and Foodpanda are the most popular and competitive ones. Grab is…
