Online Food Delivery Market will grow in Malaysia by Latest Industry Trends, Demand, Good Business Ideas & Future Opportunities by 2025 Along with Top Key Players like Foodpanda, DeliverEat, Uber Eats, Honestbee, Running Man Delivery, Domino’s, Dahmakan
Over the past few years, the food delivery market has grown rapidly in Southeast Asia, especially in Malaysia. The tremendous amount of time spent by a consumer in heading to a restaurant, selecting their own food, ordering and eating have paved the way for the online food delivery concept. The establishment of companies such as Foodpanda, DeliverEat, Uber Eats, Honestbee, Running Man Delivery, Dahmakan, and FoodTime over a short time span has resulted in intense competition over the past few years. Some of the key trends of the Malaysia online food delivery market include:
Request sample copy of Malaysia Online Food Delivery Market at: https://www.adroitmarketresearch.com/contacts/request-sample/823
The restaurant-to-consumer delivery accounted for a market share of 94.7% in 2017 as specific restaurants have started offering in-house delivery. The customer base is more for restaurant-to-platform delivery as consumers prefer paying directly to the restaurant other than a third party. With the advent of advancement in mobile technology, developers are innovating apps for consumers ordering food online, in turn raising sales. One of the key players in this market, Domino’s, provides restaurant-to-consumer delivery with the aim of having complete control over the consumer's dining experience, from ordering and meal preparation to delivery and payment.
The share of females ordering food online accounted for 48.5% as of 2017 owing to the increased number of working females in recent years. Technological advancements and changing lifestyles, the working sector has also almost equal population of female employees as the male population. Also with the advancement in mobile phones, the ease of ordering food online through these delivery apps has been a critical contributing factor for driving online food sales.
Request sample copy of Malaysia Online Food Delivery Market at: https://www.adroitmarketresearch.com/industry-reports/malaysia-online-food-delivery-market
Online food delivery is outpacing the overall dine-in restaurant industry growth owing to changing consumer lifestyle coupled with the millennial population. Consumers living in metropolitan cities are more inclined towards online delivery platforms owing to their convenience over menus, prices and peer reviews across the restaurant also with the simpler modes of payments. With the increase in working population coupled with long working shifts and prolonged commuting hours, consumers tend to order food online and get it delivered at their doorstep. Also, consumers prefer getting hot prepared meals other than buying frozen meals from food stores all the time. In the coming years, with the increase in online food delivery companies, there will be a tougher competition between domestic services and the third party delivery services with companies offering both healthier and high-quality food.
The online food delivery market is also driven by the easy availability of mobile phone apps that provide various coupons at greater redemption rates. With the technological advancement in mobile phones, apps earn a profit by getting large amounts of business to the vendors and restaurants and, in addition to it, charging them with a commission over it. Since the app makes money from both vendors and restaurants, the revenue grows exponentially expanding the network of this market. The food delivery operators have high labor costs and hence high delivery costs. With the increase in the number of orders, there will be a need for more riders and, hence, an increase in capital investment for the food delivery operators. The food delivery services have altered consumer behavior according to their customer base especially in the metropolitan areas as there is a large crowd preferring prepared food in comparison to the consumer pool residing in other rural or inner-city areas.
Consumer satisfaction is the most important criteria for an online food delivery market which needs to have ease in using the app along with their choice of restaurants highlighting the best seller menus. The on-time delivery of the order is also a major attribute for consumer satisfaction which plays a significant role in this market coupled with complaint resolution of the consumers. Optimizing consumer satisfaction is directly connected to the delivery process. For instance, although the cost of delivery is higher for the captive delivery fleet as compared to 3PL and restaurant delivery, captive delivery is in the leading position for higher customer satisfaction by minimizing the delivery time and by being order compliant.
Key segments of the Malaysia online food delivery market
Type Overview, 2015-2025 (USD Million)
• Restaurant-to-consumer delivery
• Platform-to-consumer delivery
Consumer Age Overview, 2015-2025 (USD Million)
• Generation Z
• Generation X
• Baby Boomers
Gender Overview, 2015-2025 (USD Million)
Income Level Overview, 2015-2025 (USD Million)
• Low Income
• Medium Income
• High Income
What does the report include?
• The report on the Malaysia online food delivery market has been divided into three main sections, where the first section discussed the qualitative trends and insights including driving and restraining factors as well as the value chain
• The second section of the report deals with the industry size and forecast estimations for various segments of the Malaysia online food delivery market including type, consumer age, gender, and income level.
• The final section of the study covers detailed information of the vendors operating within the Malaysia online food delivery market divulging information related to company overview, financial performance (available on public domain), products/services, as well as their recent initiatives
What does the report include?
The report on the Malaysia online food delivery market has been divided into three main sections, where the first section discussed the qualitative trends and insights including driving and restraining factors as well as the value chain
The second section of the report deals with the industry size and forecast estimations for various segments of the Malaysia online food delivery market including type, consumer age, gender, and income level.
The final section of the study covers detailed information of the vendors operating within the Malaysia online food delivery market divulging information related to company overview, financial performance (available on public domain), products/services, as well as their recent initiatives
Enquire more details of the report at: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/883
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
Phone No.: USA: +1 972-362-8199/ +91 9665341414
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Online Food Delivery Market will grow in Malaysia by Latest Industry Trends, Demand, Good Business Ideas & Future Opportunities by 2025 Along with Top Key Players like Foodpanda, DeliverEat, Uber Eats, Honestbee, Running Man Delivery, Domino’s, Dahmakan here
News-ID: 1844168 • Views: 171
More Releases from Adroit Market Research
UK Travel Insurance Market Demand & Scenario 2019 to 2025| Major Players in High …
The UK Travel Insurance Market size is projected to reach USD 890.64 million by 2025. The UK Travel Insurance Market is primarily driven by rising percentage of millennial travelers who want to explore the world and have unique experiences. Driving factors for the surge in travelers include a rise in disposable income, rise in aspirations, low dependency ratio and more spare time among others. Apart from that, a large number of unusual
Cloud Computing Market | Google Cloud Platform, Amazon Web Services, Salesforce, …
The global cloud computing market size is projected to witness the growth of USD 696.25 billion by 2025, registering a fastest growing CAGR over the forecast period. The major factor driving market growth is cost-effectiveness. With the increasing deployment of cloud computing services, organizations can save more than 35% of the annual operating costs. Moreover, the other factor includes all the functional capabilities, which augment the business performances of the
Digital Camera Market 2019 Global Key Players: Eastman Kodak Company, Pentax Cor …
Digital Camera Market research reports focus on size, share, growth, manufacturers and forecasts by 2025. The new market research store focuses on the market and provides future analysis and forecasts of the market. This market research report is based primarily on the elements that companies complete in the marketplace and on those elements that are useful and useful to the business. Get Research Insights @ https://www.adroitmarketresearch.com/contacts/request-sample/1023 Digital camera produce digital image records
U.S. Workers Compensation Market 2019 Latest Trends, Rapid Growth with Rising Ap …
U.S. Workers Compensation Market research reports focus on market size, market share, growth rate, manufacturers and forecasts by 2025. A new market research industry focusing on the market provides detailed analysis and forecasts. This market research report is based on factors that the company has completed in the marketplace and useful and useful elements for the business. “Worker's Compensation is a form of insurance that provides for the replacement of the
More Releases for Malaysia
ICT Investment Market Is Booming Worldwide | Malaysia Smart Key players (ACCENTU …
A new research document with title 'ICT Investment Trends in Malaysia' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe or Asia and important players/vendors such as Accenture, Atos Origen Services, Csc Malaysia, Eds, Cisco Systems, Hewlett-Packard, Hitachi Asia, Ibm Malaysia, Kpmg Management & Risk Consulting, Nec Corporation Of Malaysia, Oracle Corporation, Paradigm Systems, Symantec Corporation, Sas Institute,
Agrochemicals Market in Malaysia
ReportsWorldwide has announced the addition of a new report title Malaysia: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Malaysia: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Infrastructure Insight: Malaysia
MarketResearchReports.Biz presents this most up-to-date research on "Infrastructure Insight: Malaysia" Description This report provides a detailed look into the infrastructure sector in Malaysia, including analysis of the state of the current infrastructure, the regulatory and financing landscapes and the major projects in the construction pipeline. The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary Malaysia is expected to see some of the fastest
Pet Project Malaysia 2013
To be held on 23rd March, 2013 (from 9am to 6pm) at The British International School of Kuala Lumpur in association with Expatriate Lifestyle, Pet Project Malaysia is BACK and we are once again “Getting Active to Help Save Animals”. Created in 2011, this is an event to unify the community in supporting animal welfare by doing something FUN and proactive. This event is open to the public and we
UAE Exchange Arrives in Malaysia
Malaysia is an important market and a vital link in the global network of UAE Exchange. The strong presence of UAE Exchange in Malaysia and the plethora of services offered will bolster the trust of millions of customers here. Malaysia is a fast developing nation and home for millions of expatriates from various parts of the world. This hard-working foreign workforce needs to address various financial requirements locally and also send
MYSMEConnect.com launches in Malaysia
Online buying convenience with personalized retail service is a boon to Malaysian Small Businesses adopting digital voice and information technology. SMEs can now reap the benefits of online shopping when they shop for CISCO voice and data networking products. To meet the needs of customers distributed around the disparate locations throughout Malaysia, MYSMEConnect.com, a single stop retail website, enable users to Search, Compare and Purchase the latest selection of CISCO products