According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, the online food delivery market in Vietnam grow at a CAGR of 34% in 2014-2029. On the basis of the business model, the market has been bifurcated into order focused food delivery system, logistics-based food delivery system, and full-service food delivery system. Some of the key players in this market include: This report provides a deep insight into the global online food delivery market covering all its essential aspects. 4.1.9.1 Online Regional analysis. 4.2 SWOT Analysis Revenue in the Online Food Delivery segment is projected to reach US$151,526m in 2021. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. 6.3 Foodpanda The global ecotourism market is being driven by the rise in travel and tourism to unique destinations. *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Global Swimming Pool Construction Market Report and Forecast 2021-2026, Global Ecotourism Market Report and Forecast 2021-2026, Global Civil Engineering Market Report and Forecast 2021-2026, MENA Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2021-2026, Global Retail Analytics Market Report and Forecast 2021-2026, We use cookies, just to track visits to our website, we store no personal details. In Statista . Online Food Delivery Services Market Was Valued At US$ 81.56 Bn In 2017 And Will Be Growing At A CAGR Of 9.8%. 2 Research Methodology Based on the business model, the market has been segmented into order focussed food delivery system, logistics-based food delivery system and full-service online food delivery system. 4.1.3.1 Fast Food EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition. 1. apart from all, you have to improve your food delivery application with respect to the consumer demand s and … The key players in the industry have been relying on partnerships and acquisition as the prominent strategies to help boost their growth in the market. The total addressable market for online delivery is set to grow from $260 billion in 2017 to $325 billion in 2020âand possibly $470 billion by 2025. 6.7 Domino’s Swiggy had over 90,000 delivery agents as of October 2018. 6.10 KFC The rapid integration of online food delivery services with numerous advanced technologies, such as AI, IoT, predictive analytics, etc., represents one of the key trends in the global online food delivery market. India online food ordering and delivery market is anticipated to register a steady growth during the forecast period, owing to the several benefits it provides, such as food delivered to the doorstep of the customer, various payment options, attractive discounts, rewards and cashback offers. The industry is dominated by Swiggy and Zomato. The industry is further expected to grow at a CAGR of 12% between 2021 and 2026 to reach a value of almost USD 169.4 billion by 2026. Who are the key industry players, according to the report. The industry is being driven by the incentives offered by the platforms like discounts and memberships, which are attracting more consumers to these online delivery platforms. 4.4.5 Degree of Rivalry We expect online delivery to grow by 25.0 percent per year from 2015 to 2018 in key markets, after which it will taper off to 14.9 percent per year ⦠4.1.4.1 Website Moreover, online food delivery provides numerous benefits to foodservice providers as well. The food delivery market in Dhaka has only grown hyper-competitive over the past two years. 10. Who are the key companies/players in the global online food delivery market. The United States online food delivery market attained USD 18.5 billion in the year 2019. Additionally, online food ordering can also provide food service providers with key customer information that can be useful for making promotional strategies, such as targeted promotions designed to create off-peak demand, specials targeted at particular customer segments, and couponing strategies. 4.1.2.3 Chinese 4.1.5.1 Website Online Takeaway Food Delivery Market Size And Forecast. What is the market size for the global online food delivery market? Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales. 4.1.2.2 Indian The increasing utilization of smartphones, expanding food and beverage (F&B) industry, and the escalating demand for convenient and quick food delivery solutions, represent some of the key drivers for the global online food delivery market. 4.1.1 Figure: India Online Food Delivery Historical Market (2016-2020) & Forecast (2021-2026) The two companies are expanding their businesses to smaller towns and cities, with both of them adding a market every one or two days. The report predicts the global online food delivery market to grow with a CAGR of 19.6% over the forecast period from 2020-2026. Technology has made its presence felt in every sphere of our life. With the new online platforms making inroads around the world, the food-delivery market is in the midst of a dramatic channel migration. China Online Food Delivery Services Market size, sales, share, other stats, Impact of COVID-19 Outbreak China Online Food Delivery Services Market, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market … Based on geography, North America accounted for largest market share of 53.4% in 2017 of the global online food delivery market. 5 Cost Analysis Malaysia online food delivery market size was estimated at USD 66.3 million in 2017. We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve. On the basis of delivery types, the industry is divided into restaurant-to-consumer and platform-to-consumer delivery services. global online food delivery market covers segments, by service type (restaurant-controlled, independent, food app services, others), channel type (websites/desktop, mobile applications), mode of transaction (cash on delivery, online), drivers, restraints, macro indicators, size⦠4.1.7 Figure: India Online Food Delivery Market Breakup by Delivery Type: Historical Market (2016-2020) & Forecast (2021-2026) After the launch of Since the competition in the online food delivery market is increasing day by day, So If you like to rule in this on-demand food delivery business industry, you have to follow some unique strategies and be sure with your quality of service. The key market trends guiding the growth of the market include the growing number of women joining workplaces and increasing prevalence of double-income families who prefer eating-out frequently. What is the global online food delivery market breakup by payment mode? 4.1.3.4 Italian Region-wise, the market has been classified into China, North America, Asia Pacific (excluding China), Europe, and Rest of the World, where China dominates the global market. Sixty percent of UK adults are active* delivery users who, on average, order two times per month and spend £9.47 per head per order. We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. 4.2.1 Overview 6. The global online food delivery services market size is expected to reach USD 6.4 billion by 2025, registering a CAGR of 15.4% over the forecast period, ⦠Related Reports & FAQ Online Takeaway Food Delivery Market Size And Forecast Online Takeaway Food Delivery Market was valued at USD 48.18 Billion in 2018 and is projected to reach USD 112.53 Billion by 2026, growing at a CAGR of 15.8% from 2019 to 2026. The industry is being driven by the growing number of busy white-collar worker who are increasingly looking for convenient and quick meals. Technavio has been monitoring the online on-demand food delivery services market and it is poised to grow by USD 104.45 billion during 2019-2023 4.1.5.2 Mobile Application 6 Competitive Landscape & Supplier Analysis What was the India online food delivery market size in 2020? ET 4.2.5 Threats Chinaâs food delivery apps have the largest userbase and market penetration, reaching over 650 million people, the US is the second largest market and the most well funded. Based on the payment method, the market has been segmented into online payment and cash on delivery. The major players in the industry are Swiggy, Zomato, Foodpanda, Uber Eats, InnerChef, Fresh Menu, Domino’s, Pizza Hut, Faasos, and KFC. 5. Some of the major factors behind these projections include increase per capita … Global Online Food Delivery Market size, sales, share, other stats, Impact of COVID-19 Outbreak on Global Online Food Delivery Market, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. Uber Eats. The major drivers of the industry, such as the rapid rise in the number of smartphone, availability of affordable option, rising expansion to cover beyond the metropolitan cities, increasing marketing campaigns, rising population of the younger population with higher disposable incomes are expected to aid the market growth. Press release - Market Growth Insight - Online Food Delivery and Takeaway Market Research Report: Size, Share, Growth, Trends and Forecast 2025 - published on openPR.com 4.2.2 Strengths Mobile applications were the leading way to access the online food delivery platforms in 2020, while online prepaid methods accounted for nearly 80% of the payments. Online food delivery refers to the process of ordering food from a food cooperative or restaurant through mobile application or … This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global online food delivery market in any manner. As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. The global online food delivery market reached a value of US$ 107.4 Billion in 2020. The industry is finding impetus for its growth in the tier-2 and 3 cities in the introduction and expansion of delivery-only kitchen in places with limited restaurant and cuisine options. What is the global online food delivery market breakup by business model? The Malaysia Online Food Delivery market to grow at a noteworthy CAGR of around 19.2% during the period from 2018 to 2026 and expected to reach over 319.1 Million USD by 2026. 3.2 Key Demand Drivers The leading platforms of the industry are website and mobile application. What are the major regions of India online food delivery, according to the market report? The increased funding received by the industry along with the rise in the self-owned delivery fleet by the major players, is providing further impetus for the industry growth. Key Market Trends Surge in Strategic Marketing Initiatives For players in the online food delivery market, some of the foremost drivers for future order growth are the continued investment in marketing, which helps drive brand awareness and customer traffic to company’s platforms, and continuous investment in technology, which ensures the platforms are stable, secure, efficient and scalable. According to USA Today, the online food delivery market recorded a revenue of about $17 billion in 2018 and reached $19.472 billion in 2019. 4.1.10.5 Pune Global online food delivery industry size was valued at USD 65.91 billion in 2017. According to the latest report by IMARC Group titled, “North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, The North America online food delivery market reach a value of US$ 42.2 Billion by 2025, registering a CAGR of 12.2% during 2020-2025. Online food delivery assists individuals in ordering and receiving the desired food products at the doorstep. With increased usage of smart phones by most people and cheaper and faster mobile internet availability people have got glued to order anything and everything online. 1 Preface Online food ordering is the simple and convenient way of ordering food, either through a restaurant or a fast-food chain’s own website or mobile application or through a website or app offering options for food delivery across multiple restaurants. © 2021 IMARC Services Private Limited. The industry growth is highly fluctuating and is dependent on investments. Online Food Delivery Packaging Market (2020 to 2025) - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast - ResearchAndMarkets.com June 05, 2020 11:45 AM Eastern Daylight Time All Rights Reserved. India Online Food Delivery Market Outlook, 4.1 India Online Food Delivery Market Analysis, India Online Food Delivery Market attained nearly USD 2.92 billion in 2020. Over the past few years the trend of online food ordering has been increasing. 4.4.1 Overview On the basis of the platform type, the market has been divided into websites and applications. 4.4.4 New Entrants The major regions in the industry are Bangalore, Delhi-NCR, Mumbai, Hyderabad, and Pune, among others. Online food delivery offers consumers with a wide range of food items available on their smartphones and the convenience of getting it delivered at their doorsteps. Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry. Two-thirds of Americans now order food delivery online, and growth opportunities are vast given extremely low penetration of the possible $350 billion U.S. restaurant spend, including fast food. 2. Online food delivery is a process of ordering and delivering food items to the customers at their doorsteps who have ordered their food through various food delivery websites and applications by … 4. Regionally Asia-Pacific dominates the Global online food delivery market with a market revenue around USD 35 bn. Online food delivery refers to the process of ordering food online using an application or a website. 4.1.9.2 Cash on Delivery New Report On Global Online Food Delivery Services Market Size, Status and Forecast 2020-2026 added to Orbisresearch.com store which has 132 pages and available for purchase at US $ 3900. 4.2.3 Weaknesses Currently, applications represent the largest market segment. We, additionally, offer attractive discounts on our upcoming reports. 4.1.3.2 Indian The significant payment methods of the product are online and cash on delivery. 6.5 InnerChef Along with labor savings, other major benefits of online food delivery for foodservice providers include enhanced accuracy of online orders, increased convenience for the guest, simpler order processing, etc. The online food delivery system has already been adopted throughout the globe and its performance has been relatively good. 4.1.8 Chart: India Online Food Delivery Market Breakup by Payment Method According to the estimates by IMARC Group, the global online food delivery market is expected to exhibit moderate growth during the next five years. Edison, NJ -- -- 05/19/2021 -- Advance Market Analytics published a new research publication on "Food Delivery Software Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format.In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market stakeholders. 4.1.7.1 Restaurant-to-Consumer Delivery Technavio has been monitoring the online on-demand food delivery services market and it is poised to grow by USD 104.45 billion during 2019-2023 Applications currently account for a larger share. The key companies in the global online food delivery market are Just Eat Holding Limited, Delivery Hero SE, Grubhub Holdings Inc., Deliveroo (Roofoods Ltd), Takeaway.com, Foodpanda GmbH, Meituan Waimai, and Ele.me Inc. ( US: +1-631-791-1145 ) 4.1.10.4 Hyderabad What are the key industry trends in the global online food delivery market? 4.1.10.3 Mumbai The "Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering. Amongst these, China has the largest market. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF. The global online food delivery market reached a value of US$ 107.4 Billion in 2020. *We at Expert Market Research always thrive to give you the latest information. The global swimming pool construction market is driven by the robust growth of construction and infrastructure industry. The growth is driven by increasing young population who demand for easy and quick food delivery services. +44-702-402-5790 4.1.8.1 Online 3.1 Market Overview Zomato and Swiggy currently dominate the online food delivery market in India. 4.1.2.4 Italian uk.sales@expertmarketresearch.com. But in terms of sheer numbers, Asia accounts for a massive 55% share of the global online food delivery market, thanks to the Chinese dragonâs seemingly insatiable appetite. 3.3 Key Players The rise in the population of the younger population with higher disposable incomes will provide further impetus to the industry growth as they define the food consumption patterns. It involves browsing the website or application, selecting from a wide variety of cuisines available and making the payment through different methods. It is expected to witness a robust growth in the coming few years. On the basis of platforms, the industry is bifurcated into website and mobile application. TechSci Research calculated India online food ordering and delivery market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. Having a food ordering marketplace platform was considered a state-of-the-art innovation in the early 2000s but today the segment has expanded to different demographics across the globe. The online food delivery industry is one of the fastest-growing segments in the Indian e-commerce industry. They are both seeking to raise fresh funds in 2020 to maintain their dominant positions in a highly competitive market, with Swiggy raising USD 1 billion in December 2018.
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