Press release
Online Food Delivery Services Market Thrives with a Projected CAGR of 18.4% from 2023-2030
The global online food delivery services market size is anticipated to reach USD 253.92 billion by 2030, registering a CAGR of 18.4% over the forecast period, according to a new study by Global Market Vision. The increasing use of smartphones and internet penetration contributes to the industry's growth. Moreover, the growth of the overall food delivery industry that allows customers to order food from a variety of restaurants is playing a pivotal role in driving the growth. The expansion of delivery aggregators, such as Zomato and Swiggy, in the Indian market over the last couple of years has further contributed to the industry's growth. The growing number of dual-income families and changing lifestyles & eating patterns are anticipated to favor the industry growth over the forecast period.Furthermore, the growing demand for quick access to food at affordable prices is driving the growth. Benefits offered by online delivery services include heavy discounts, rewards & cashback offers, doorstep delivery, and multiple payment options. Furthermore, providers of food services are setting up large warehouses to store fresh produce for offering high-quality food, encouraging the adoption of online delivery services. In addition, infrastructural advancements in emerging economies offer growth opportunities to vendors operating in the industry. They enable companies to expand their restaurant partner network and delivery network in different cities. IoT integration enables users to opt for online food delivery services through voice commands, further easing the delivery process.
Such technological advancements are anticipated to drive industry growth. Due to the COVID-19 pandemic, some leading players like Domino's Pizza Inc., McDonald's Corp., and Zomato have introduced contactless delivery services, which are expected to continue over the coming years. Cloud kitchens witnessed a surge in popularity during the COVID-19 pandemic due to the closure of several dine-in restaurants. The trend is expected to remain strong post-pandemic, owing to people getting accustomed to online ordering. This rapidly rising number of cloud kitchens is expected to boost the online food ordering trend, which bodes well for the industry's growth.
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This report provides a detailed and analytical look at the various companies that are working to achieve a high market share in the global Online Food Delivery Services market. Data is provided for the top and fastest-growing segments. This report implements a balanced mix of primary and secondary research methodologies for analysis.
Markets are categorized according to key criteria. To this end, the report includes a section dedicated to the company profile. This report will help you identify your needs, discover problem areas, discover better opportunities, and help all your organization's primary leadership processes. You can ensure the performance of your public relations efforts and monitor customer objections to stay one step ahead and limit losses.
Major Market Players Profiled in the Report include:
• Deliveroo PLC
• DoorDash Inc.
• Delivery Hero Group
• Just Eat Ltd.
• Uber Technologies Inc.
• Swiggy
• Zomato
• Delivery.com LLC
• Yelp Inc.
• Amazon.com Inc.
• Rappi Inc.
Global Online Food Delivery Services Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.
Online Food Delivery Services Type Outlook
• Restaurant-to-Consumer
• Platform-to-Consumer
Online Food Delivery Services Channel Type Outlook
• Websites/Desktop
• Mobile Applications
Online Food Delivery Services Payment Method Outlook
• Cash-on-Delivery (COD)
• Online
The cost analysis of the global Online Food Delivery Services market has been performed while keeping in mind manufacturing expenses, labour costs, raw materials, their market concentration rate, suppliers, and price trend. Other factors such as supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Online Food Delivery Services market.
Product Development and Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: An in-depth assessment of the market strategies and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets This report analyses the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Online Food Delivery Services market.
Highlight the following Key Factors from Stakeholders:
➣ Business Description - A detailed description of the company's operations and business divisions.
➣ Corporate Strategy - Analyst's summarization of the company's business strategy.
➣ SWOT Analysis - A detailed analysis of the company's strengths, weakness, opportunities and threats.
➣ Company History - Progression of key events associated with the company.
➣ Major Products and Services - A list of major products, services and brands of the company.
➣ Key Competitors - A list of key competitors to the company.
➣ Important Locations and Subsidiaries - A list and contact details of key locations and subsidiaries of the company.
➣ Detailed Financial Ratios of Past Five Years - The financial ratios derived from the annual financial statements published by the company within last 5 years.
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The final report will add the analysis of the Impact of Covid-19 in this report Online Food Delivery Services Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Online Food Delivery Services Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Online Food Delivery Services Market is analyzed and depicted in the report.
Read More- https://globalmarketvision.com/reports/global-online-food-delivery-services-market/205150
Contact Us
Sarah Ivans | Business Development
Phone: +1 617 297 8902
Email: sales@globalmarketvision.com
Global Market Vision
Website: www.globalmarketvision.com
About Global Market Vision
Global Market Vision a legacy of exceptional knowledge, integrated into providing service offers a one-stop solution that surpasses core research processes & industry standards focusing on the client's competency, strategies, growth factors, and business intelligence by creating an algorithm for meaningful data insights and presentations through a unique blend of vast industry coverage, expertise in every domain, professional work ethics & values, data authenticity & privacy.
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