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Online Food Delivery Market by 2024 | Enhancing Huge Growth and Latest Trends by Top Players

02-17-2020 08:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Online Food Delivery Market by 2024 | Enhancing Huge Growth

According to the global online food delivery market report by IMARC Group, the market is further expected to reach US$ 164.5 Billion by 2024, exhibiting a CAGR of 11.4% during 2019-2024. Online food delivery is a service that enables customers to order food online through various food delivery websites and applications using their computers and smartphones. It is increasingly gaining popularity among both the consumers and food distributors alike, owing to various associated benefits, such as convenience, speed and precision in food ordering and its delivery.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/online-food-delivery-market/requestsample

Global Online Food Delivery Market Trends

With rising internet and smartphone penetration, consumers have started ordering food through online apps and websites. This provides them with the convenience to choose from a wide variety of food products at a virtual marketplace with an option to pay online and receive fast delivery of food at the desired location. Moreover, the growing collaborations and partnerships between restaurants and application developers have enhanced the online delivery of food as it simplifies the order placement process and improves the accuracy of online orders. Other factors, such as overall growth in the global economy, rising hospitality industry, developing infrastructure, and rapid urban expansion, are expected to create a positive outlook for the market in the coming years.

Interested in purchasing a report on the global online food delivery market @ https://www.imarcgroup.com/online-food-delivery-market

Online Food Delivery Market Segmentation

Market Breakup by Platform Type

1. Mobile Applications
2. Websites

Market Breakup by Business Model

1. Order Focused Food Delivery System
2. Logistics Based Food Delivery System
3. Full-Service Food Delivery System

Market Breakup by Payment Method

1. Online
2. Cash on Delivery

Market Breakup by Region

1. China
2. North America
3. Asia (Excluding China)
4. Europe
5. Rest of the World

Browse related reports:

Global Refrigerated Transport Market Report: https://www.imarcgroup.com/refrigerated-transport-market

North America Online Food Delivery Market Report: https://www.imarcgroup.com/north-america-online-food-delivery-market

Global Warehousing and Storage Market Report: https://www.imarcgroup.com/warehousing-and-storage-market

Global Food Logistics Market Report: https://www.imarcgroup.com/food-logistics-market

IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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