Press release
Nigeria Online Food Delivery Market Targets US$ 2,391.7 Million with 10.7% CAGR by 2032 | IMARC Group
Nigeria Online Food Delivery Market
The Nigeria online food delivery market size reached US$ 936.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,391.7 Million by 2032, exhibiting a growth rate (CAGR) of 10.7% during 2024-2032.
Nigeria Online Food Delivery Market Overview:
The escalating demand for ready-to-eat (RTE) and fast-food products is primarily driving the Nigeria online food delivery market. Moreover, the emerging trend of ordering food online among employed individuals who are seeking to streamline their time and cooking hassles is positively influencing the market growth across the country. Besides this, the escalating prevalence of binge eating habits among the millennial population is driving the market growth in Nigeria. Furthermore, the growing number of online sales channels by numerous traditional food establishments in the country to reduce rental and operational costs is acting as another significant growth-inducing factor.
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Nigeria Online Food Delivery Market Trends:
Furthermore, the growing incorporation of cutting-edge technologies into online food ordering and delivery platforms, including artificial intelligence (AI), the internet of things (IoT), predictive analytics, big data, etc., aimed at delivering tailored choices to consumers and improving their interactions, is catalyzing the market growth across the country. In addition to this, the increasing usage of a wide array of smart gadgets, such as smartphones, tablets, laptops, etc., for internet access, social connections, and online shopping, is fueling the market growth in Nigeria. Moreover, key players are further providing various offers, discounts, and exclusive benefits, such as fast and free delivery, to attract buyers. This, in turn, is also stimulating the market growth. Besides this, the introduction of enhanced platforms that offer individuals to track the location of the delivery personnel is expected to fuel the Nigeria online food delivery market over the forecasted period.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/nigeria-online-food-delivery-market
Key Market Segmentation:
Platform Type Insights:
• Mobile Applications
• Websites
Business Model Insights:
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System
Payment Mode Insights:
• Online
• Cash on Delivery
End User Insights:
• Individual
• Corporate
Regional Insights:
• North West
• South West
• North Central
• Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact Us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
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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