Online Food Delivery Services Market Research Includes Historical, Forecast Data, Market Demand, Price Trends, and Company Share By 2029 – Top Vendors

Online Food Delivery Services Market Scenario: Overview

The ubiquity of smartphones and high internet penetration has seen a steep rise in the number of online food orders. The millennial populace, particularly in the U.S., is a key driver for the online food delivery services market, as millennials prefer to order in rather than going to restaurants. According to a research study by the Food Information Council, 55% of the millennial population in the U.S prefers convenience over taste. In the present scenario, robots, pizza drones, and parachutes are also being used to deliver food to customers. Online orders by virtual assistants, tweets, smartwatches, and television screens are also a part of the online e-commerce segment. Well-known pizza chains such as Pizza Hut, Dominos, and Papa John’s have been investing significantly in food delivery software for the past few years.

Online food delivery services enable customers to order food from a wide variety of restaurants and suggest choices as per their preferences, thereby leading to increased acceptance for online food services. Increasing disposable income and changing lifestyles and eating patterns are also contributing to market growth. With today’s sedentary lifestyle, people prefer convenient and easy solutions. The rising demand for quick access to food at affordable costs is another key factor propelling the market growth. Online food delivery services provide various benefits, including discounts, cashback offers, rewards, and multiple payment options.

The mobile application segment is expected to grow with a high CAGR, owing to the increased penetration of smartphones and tablets, coupled with faster internet connectivity. Moreover, restaurants offer attractive discounts to consumers who order food via mobile applications.

Consumers remain apprehensive about online payment due to security concerns; thus, the cash on delivery segment leads the market. However, banking organizations are focusing on improving security and providing additional services to customers by partnering with online food delivery platforms. Despite the many strives taken by the banking sector, the population in emerging economies such as India continues to prefer cash on delivery over online transactions.

Get a Sample Copy of this report with the latest Industry trends and COVID-19 Impact: 
https://straitsresearch.com/report/online-food-delivery-services-market/request-sample

The Major Players Covered in this Report: DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Delivery Hero SE, Grab Holdings Inc., Zomato, Grubhub Inc., and Domino's Pizza, Inc., & More...

By Type, Restaurant tconsumer, Platform tconsumer,
By Channel, Website/Desktop, Mobile application,
By Payment Mode, Cash on delivery, Online,

Buy Full Report with Detail Analysis with COVID-19 Impact – 
https://straitsresearch.com/buy-now/online-food-delivery-services-market/global/

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Online Food Delivery Services in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Online Food Delivery Services market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Online Food Delivery Services and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Online Food Delivery Services. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View Full Report @ https://straitsresearch.com/report/online-food-delivery-services-market/global/

Platform to Consumer Segment to Witness Strong Growth in Coming Years:
The platform-to-consumer model is pegged to register relatively high growth with a CAGR of 12% during the forecast period. This

the model deals with the resource and logistics aspects of food delivery and also provides shipment services to the hotels and restaurants that do not own in-house delivery resources. The rising number of investments in this model are projected to drive the growth of the segment in the years to come.

The restaurant to consumer segment, where restaurants directly deliver to consumers, accounts for a significant market share. In this model, consumers can order food via restaurant websites or platforms. Companies operating in this segment provide a subscription program to customers to increase customer loyalty.

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/online-food-delivery-services-market/toc

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches.

This release was published on openPR.