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.
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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…