Press release
Nigeria Online Food Delivery Market Anticipated to Reach US$ 1,719.4 Million during 2023-2028 | IMARC Group
Nigeria Online Food Delivery Market
Nigeria Online Food Delivery Market Overview:
Online food delivery is a modern service that allows customers to order food from a variety of restaurants and food outlets via the Internet. This service typically involves a user-friendly platform, such as a website or a mobile application, where customers can browse through an extensive menu of food options, place orders, and make payments electronically. The types of services under this umbrella include restaurant-to-customer delivery and platform-to-customer delivery, where either the restaurants deliver the food themselves or a third-party delivery platform handles the logistics.
Key aspects of online food delivery include convenience, variety, and efficiency. Customers can enjoy a wide range of cuisines from different restaurants, all from the comfort of their homes or workplaces. The advantages of online food delivery are manifold: it saves time, offers flexibility in food choices, and often includes options for tracking orders in real-time. This service is particularly appealing in today's fast-paced lifestyle, where convenience is highly valued. Additionally, it caters to the needs of individuals with busy schedules or those preferring contactless delivery, especially in the context of health and safety concerns.
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Industry Growth:
The online food delivery market in Nigeria is majorly driven by the increasing penetration of the internet and smartphone usage. With more individuals having access to mobile devices and the Internet, the ease of ordering food online is significantly improving. Additionally, the urbanization of Nigerian cities is leading to lifestyle changes, where convenience and time-saving services are highly sought after, further providing a boost to the demand for online food delivery. Along with this, the evolving consumer behavior, particularly among the younger population, who are tech-savvy and prefer quick and hassle-free services, is positively influencing the market. This demographic shift is contributing to the growing popularity of online food-ordering platforms.
In addition, the expansion of food delivery services to cover a broader range of cuisines and dietary preferences is making it more appealing to a diverse customer base. Moreover, the Nigerian market is also witnessing an increase in partnerships between restaurants and delivery platforms, enhancing the variety and accessibility of food options available for delivery. This collaboration benefits both parties: restaurants can reach a wider audience, while delivery platforms can offer a more extensive selection to customers. Apart from this, the COVID-19 pandemic is playing a significant role in accelerating the market's growth. In confluence with this, investment in technology and logistics infrastructure by online food delivery companies is improving the efficiency of the service. Furthermore, innovations in delivery methods, including the use of GPS for real-time tracking and the exploration of drone delivery, are creating a positive market outlook.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/nigeria-online-food-delivery-market
Competitive Landscape with Key Players:
• AreaChops
• Chopnownow
• Foodie Nigeria
• Foodstantly
• Gingerbox
• GoFood (AT&A Retail Limited)
• Jumia Foods
• NaijaEats
• Ofood (Opay)
Key Market Segmentation:
Breakup by Platform Type:
• Mobile Applications
• Websites
Breakup by Business Model:
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System
Breakup by Payment Mode:
• Online
• Cash on Delivery
Breakup by End User:
• Individual
• Corporate
Breakup by Region:
• North West
• South West
• North Central
• Others
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Read Also:
• https://www.imarcgroup.com/granite-market
• https://www.imarcgroup.com/digital-utility-market
• https://www.imarcgroup.com/organic-soap-market
• https://www.imarcgroup.com/ran-intelligent-controller-market
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About Us:
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.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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