Foodpanda feasts on 20% growth, aims to bolster Hong Kong market position in 2026
CEO Ryan Lai says Foodpanda Hong Kong prioritises sustainable and healthy growth and will introduce new brands and targeted promotions
Foodpanda aims to bolster its position in the Hong Kong market in the first half of next year, following a 20 per cent rise in both the number of orders placed and the amount customers spent during the first 10 months of this year.
The on-demand food and grocery delivery platform on Wednesday also said that the sector’s prospects were strong, asserting that the city offered ample room for further growth.
Specifically, the food delivery and takeaway business saw an increase of more than 20 per cent, while the grocery division recorded growth exceeding 30 per cent.
During the period, the number of active couriers also increased by 30 per cent compared with the first 10 months of last year.
“Many people have asked me if the demand [for delivery] was only significant during the peak of Covid-19 and whether it has declined since. The answer is no,” Lai said.
He cited a report from Singapore-based advisory firm Kepios, which showed that the delivery penetration rate in Hong Kong had grown by 2 percentage points to 38 per cent in 2025, adding the figure was still low compared with markets such as Taiwan and Vietnam, where the rate exceeded 40 per cent.