Press release
Online Food Delivery Services Market to surpass a valuation of US$ 4.2 Bn by 2029
Online Food Delivery Services Market
The sales for online food delivery services market forecast is estimated to be valued at US$ 37,982 Mn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 10, 26,439 Mn by 2031, rising at a CAGR of 9.5% for 2021-31.
For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11068
"Consumers are opting for online food delivery largely owing to fast delivery, ease of ordering, and accuracy in operations. On the other hand, food service providers are gaining through higher revenue, lower labor costs and minimal operational errors, that will support market growth in the years to come," says the FMI analyst.
Online Food Delivery Services Market - Primary Takeaways
• Platform to consumer services are rapidly becoming prominent contributors to revenue owing to efficient shipment facilities being given to restaurants.
• Online payment services including net banking and portals are rapidly gaining popularity owing to collaborations between online food delivery service providers and banks.
• Asia Pacific is a key market for online food delivery services owing to rising expenditure from the millennial demographic, and their preference for smartphone apps.
Online Food Delivery Services Market - Growth Factors
• High penetration of internet services and smartphones is a key factor driving the adoption of online food delivery services.
• Offers of cashback, discounts, payment options, and delivery to the doorstep, drive the popularity of online food delivery services.
Online Food Delivery Services Market - Major Constraints
• Intense competition owing to the high number of food delivery service platforms hurts profitability.
• Lack of resources in restaurants to cope with high order volumes, and deterioration of quality hurts demand.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/customization-available/rep-gb-11068
The Projected Impact of Coronavirus
As nations around the world enforce large-scale lockdowns, the fear of contagion has pushed consumers to avoid visits to restaurants. However, online food delivery services are expected to benefit from this trend. The pandemic has raised the number of food delivery orders, but has also generated logistical challenges to players operating in the industry. Investments into food safety protocol and equipment are key to sustaining growth through the crisis period.
Competition Landscape
The online food delivery services market comprises players including but not limited to Zomato, Deliveroo, Uber Technologies Inc., DoorDash, Takeaway.com, FoodPanda, Swiggy, GrubHub, Postmates Inc., and Just Eat Holding Ltd.
Players in the online food deliver service market are primarily investing in industry collaborations and acquisitions to expand their consumer base, with attractive offers, keeping ahead in a highly fragmented and competitive landscape.
Request Special Price for this Report to our Sales Executive@ https://www.futuremarketinsights.com/request-special-price/rep-gb-11068
For instance, Uber has announced the acquisition of Postmates Inc. food delivery service for US$ 2.65 Bn. MakeMyTrip has announced partnerships with premium hotel chains for online food delivery services in major cities in India. Similarly, Swiggy has entered a partnership with hospitality partner Marriott International for a premium delivery service initiative.
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Services Market to surpass a valuation of US$ 4.2 Bn by 2029 here
News-ID: 2504634 • Views: …
More Releases from FMI
Cow Colostrum Market to grow at 6.3% CAGR through 2031
According to a recent market study by Future Market Insights (FMI), the global cow colostrum market is projected to display a CAGR of over 6% during the forecast period from 2021 – 3031. According to a field survey conducted by ColoPlus AB, the use of colostrum in medical nutritional food boosts the immune system of children diagnosed with acquired immune deficiency syndrome (HIV/AIDS), as well as lowers the risk of…
Quillaja Extract Market likely to surge at a vigorous 10% CAGR during the assess …
Future Market Insights’ (FMI’s) study has projected the quillaia extract market to reach a valuation of 11.9 Mn in 2021. Rising focus on including natural ingredients in pet food will create opportunities for growth between 2021 and 2031.
Demand for nutritional and plant-based ingredients in pet food from the pet owners is pushing the production adoption of quillaia extract, widening growth opportunities for the manufacturers. Increasing awareness about the pet’s food…
Postnatal Health Supplements Market likely to surge at a vigorous 7% CAGR during …
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers details about key factors driving demand for postnatal health supplements. The report tracks the global sales of postnatal health supplements in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the dietary supplements industry in general, and postnatal health supplements in particular.
The global postnatal health supplements market is forecast to expand at…
Citrus Seeds Market to grow at 6.3% CAGR through 2021- 2031
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for citrus seeds. The report tracks the global sales of citrus seeds in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and citrus seeds in particular.
Request a free report sample to obtain authentic analysis and comprehensive market…
More Releases for Food
Prepared Food Market To Witness Huge Growth By 2028 | HSL Food, HelloFresh, Syne …
The Latest survey report on Prepared Food Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of Prepared Food segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders and emerging manufacturers for company…
Pet Food Market (By Food Type, By Animal Type, By Region, By Country) of Food Ty …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others), By Region (North America, Europe, APAC, ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France).
Global Pet Food…
Global Food Safety Testing and Technologies Market by 2025: Market by Product ( …
Qyresearchreports include new market research report “Global Food Safety Testing and Technologies Market Research Report 2018” to its huge collection of research reports.
The growth of the food safety testing market is estimated to be high in most regions. Increase in foodborne illness outbreaks, implementation of stringent food safety regulations globalization of food supply, and availability of advanced technology capable of rapid testing are the major driving factors of this market.
The…
Pet Food Market: Analysis by Dog Food, Cat Food, Dry Food, Wet/Canned Food, Nutr …
No one knows for sure when the first animals were domesticated. Domestication means taming an animal to live alongside a human being as a pet. So is Pet food Market is driven by growing awareness of pet owner’s regarding pet fitness, thus increasing the demand for wrapped and branded food .Another reason apart from this is demand for pets for companionship and for security reason is rising due to the…
Pet Food Market (By Food Type, By Animal Type, By Region, By Country) of Food Ty …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others), By Region (North America, Europe, APAC, ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France).
Global Pet Food…
Food Tray Market Size 2017-2022 HIRO FOOD, AS Food Packaging
Food Tray Market Research 2017
A market study ” Global Food Tray Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Food Tray market. It encloses an in-depth Research of the Food Tray market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a…
