COVID Impact On India Online Food Delivery Market 2020-2025

The contactless food delivering services ensure that the food reaches the customer without being touched by bare hands and is delivered safely with adequate social distancing measures. This has alternatively proved to be favorable for the market as many people now prefer ordering food from their preferred restaurant instead of going out to eat.

The rise in order value is because larger quantities are being ordered with many families now working from home. Known brands among restaurants with a set hygiene protocol, as well as the launch of home-delivery by many of these premium restaurants who were earlier strictly dine-in have further helped in gaining the trust of an average consumer regarding safety and hygiene concerns.

The upward swing comes in a quarter where Zomato and Swiggy saw a significant dip in orders to less than 3,00,000 per day in April as restaurant supply and overall customer demand cratered during the Covid-19 induced lockdown.

Swiggy is comfortably the platform with a higher number of daily orders with over 1.5 million daily orders, to Zomato’s 1.2 million. A lot of this can be attributed to the growth patterns of the two companies.

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Urban India sees a visible change in the social setting, which further fuels the advancement of online food delivery service in India. Higher disposable income is also a key driver for other subcategories of food products and delivery services.

Swiggy made losses of around 2300 crores ($ 313 M) , Zomato posted losses of close to 1000 crores ($ 136M). This despite the fact that both are approximately making the same kind of money in terms of revenues of around 1000 crores.

On a standalone basis, Zomato increased its advertising promotional expenses 14.16X reaching INR 1214 Cr ($ 165 M) in FY19. Notably, this makes up to 39% of the company’s total expenses for the year. In comparison, Swiggy’s advertising cost was INR 776 Cr ($ 105M). This is 36% less when compared to Zomato.

Even though UberEats, a relatively new player in the Indian market, managed to make a sizable dent in the market in terms of daily orders, it was ultimately taken over by zomato.

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COMPANIES PROFILED
Swiggy
Zomato
UberEats

THIS INDIA ONLINE FOOD DELIVERY MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS
1. India Online Food Delivery Market size and Forecast , by region, by application
2. Average B-2-B price for India Online Food Delivery Market , by region, per user
3. Technology trends and related opportunity for new India Online Food Delivery Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on India Online Food Delivery Market earnings

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Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.