Grab's Online Food Delivery Service Dominates ASEAN, Outperforming Gojek and Shopee

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Cindy Mutia Annur 19/01/2023 11:40 WIB

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According to Momentum Works, GrabFood was the largest online food delivery service in Southeast Asia in 2022 by gross transaction value, surpassing GoFood and ShopeeFood.

ASEAN's Largest Gross Transaction Value Online Food Delivery App (2022)

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ASEAN's Largest Gross Transaction Value Online Food Delivery App (2022)

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According to a Momentum Works report, GrabFood was the largest online food delivery service in Southeast Asia in 2022.

Last year, the Grab-owned service's gross merchant value (GMV) is estimated to have reached US$8.8 billion, or approximately Rp132.76 trillion (using an exchange rate of Rp15,087/US$), surpassing competitors such as GoFood and ShopeeFood.

GrabFood also dominated in 6 major ASEAN markets. The Singapore-based company held a 60% market share of the online food delivery market in Malaysia and the Philippines.

GrabFood also had a 59% market share in Singapore, 51% in Thailand, 49% in Indonesia, and 45% in Vietnam.

Foodpanda ranked second in Southeast Asia, with a gross transaction value of US$3.1 billion. The German online food delivery service held the second-largest market share in Malaysia, Singapore, and the Philippines.

Gojek's online food delivery service, GoFood, ranked third in Southeast Asia with a gross transaction value of US$2 billion.

Here is a complete list of the 8 online food delivery services with the largest gross transaction value in Southeast Asia in 2022:

1. GrabFood: US$8.8 billion
2. Foodpanda: US$3.1 billion
3. GoFood: US$2 billion
4. Line Man: US$900 million
5. ShopeeFood: US$900 million
6. Deliveroo: US$300 million
7. Robinhood: US$200 million
8. Bae Min: US$100 million

Overall, according to Momentum Works, the gross transaction value of online food delivery services in Southeast Asia reached US$16.3 billion, or Rp245.91 trillion in 2022. This figure represents a 5% year-on-year (YoY) growth.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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