Press release
Global Online Food Delivery Market Experiences Boost with Changes in Consumer Lifestyle
Online Food Delivery Market
The research provides detailed insights on drivers, restraints, and opportunities of the online food delivery market. The hectic work schedule due to which people do not get the time to cook food and emergence of new market players to offer convenience drive the market growth. However, lack of sufficient delivery staff and issues related to food delivered hinder the growth in the market. On the other hand, surge in popularity among people regarding autonomous food delivery platforms create new pathways in the market. These factors are helpful for taking necessary steps and devise new strategies to experience growth.
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The report offers a detailed segmentation of the global online food delivery market on the basis of delivery model and region. The report further classifies the delivery model into aggregators, the traditional delivery model, and new delivery model. Based on region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA. This analysis provides a valuable guidance on which strategies to be implemented to gain major share in the market.
Major players analyzed in this report include Delivery Hero, Foodpanda, Deliveroo, Zomato, Grub Hub, and Takeaway.com. They have adopted various strategies such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, and others to gain a strong position in the industry. The leading market player Zomato has expanded its service in 17 new cities, totaling 213 cities in India. According to the statement from the company, the new cities include Bulandshahr, Solan, Shahjahanpur, Rewari, Palwal, Nandyal, Machilipatnam, Ongole, Bhimavaram, Srikakulam, and others. Emerging cities offer major grow opportunities and the company expects that they would constitute more than half of their total orders by the end of 2019. Deepinder Goyal, Founder and CEO of Zomato, outlined that it has been trying to add value for each in the ecosystem. In addition, the company has been presenting skill development opportunities and creating jobs with growth.
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The development of Zomato Kitchens is underway in some of the small cities in India. This is intended to create growth prospects for restaurant partners. Mohit Gupta, CEO, Food Delivery, Zomato, stated that the support from users and restaurants have raised the expectations. The company is focused on serving each customer and adding almost one city every day. The target of the company is to deliver food across 500 cities in India by September 2019.
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