Nigeria Online Food Delivery Market Report 2024 - Size, Share, Trends, Growth & Demand Analysis, Forecast 2032

As indicated in the latest market research report published by IMARC Group, titled "𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐓𝐲𝐩𝐞 (𝐌𝐨𝐛𝐢𝐥𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬, 𝐖𝐞𝐛𝐬𝐢𝐭𝐞𝐬), 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥 (𝐎𝐫𝐝𝐞𝐫 𝐅𝐨𝐜𝐮𝐬𝐞𝐝 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦, 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐁𝐚𝐬𝐞𝐝 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦, 𝐅𝐮𝐥𝐥-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦), 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞 (𝐎𝐧𝐥𝐢𝐧𝐞, 𝐂𝐚𝐬𝐡 𝐨𝐧 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲), 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫 (𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥, 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐," this report provides an in-depth analysis of the industry, featuring insights into the online food delivery market in Nigeria.

𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

• The Nigeria online food delivery market size reached 𝐔𝐒𝐃 𝟗𝟑𝟔.𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.
• The market is expected to reach 𝐔𝐒𝐃 𝟐,𝟑𝟗𝟏.𝟕 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, exhibiting a growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟏𝟎.𝟕% 𝐝𝐮𝐫𝐢𝐧𝐠 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• 𝐑𝐚𝐩𝐢𝐝 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: The Nigerian online food delivery market is hereby undergoing a revolution with the increased use of mobile devices and internet connection. As the number of customers with smartphones and internet service grows, applications for ordering food, including ready-made meals, are becoming relevant. Regarding, social media the platforms are also increasing the use and the online orders making dining easier. Consequently, applications used by delivery services are permanently evolving, which involves new and friendly interface design and effective payment methods for the rising number of tech-savvy consumers.

• 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐕𝐚𝐫𝐢𝐞𝐭𝐲: Increased working pressure and competition in Nigerian cities compounds the hitherto traditional ways of consuming foods and gradually embracing convenience foods. The social trend developing among the population is the desire for product variety that can easily be ordered as a delivery service. This kind of demand has made food delivery services look for directions of the kind of food they are delivering such as local foods, continental food and healthy foods. In addition, relationships between the online food ordering networks and local restaurants are creating more diverse demands for the mass customer base.

• 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐨𝐧𝐬𝐜𝐢𝐨𝐮𝐬𝐧𝐞𝐬𝐬: The COVID-19 pandemic has most definitely altered the online food delivery scenario in Nigeria. Due to the lock-downs consumers resorted to get food delivered to them because it was safer than eating out. It also has become apparent that the old way of going out to eat has changed even after the lifted pandemic effects; most customers are now used to online food orders, which they consider safe. Also, slowly consumers have become aware of the quality and health benefits of their food as delivery services incorporate healthier, fresh and locally sourced meals. It is also useful because this awareness of health and hygiene is useful, it also makes the food delivery businesses to maintain high standards of safety, making the consumers to have confidence in the online delivery services than they used to have.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/nigeria-online-food-delivery-market/requestsample

The Nigeria online food delivery market is set to grow very fast due to some factors, which show the need for change and the availability of innovative technology. Among the most apparent trends is the constantly growing demand for ready-to-eat (RTE) and fast products have become standard among Nigerians, especially the urban population due to time constraints. The use of Internet as a medium for acquiring food orders has also risen since more and more working population are increasingly ordering their meals online hence food ordering online has become a strong force that demands efficient delivery services. This trend has been extended by the advancing of technology interfaces for instance Mobile apps, tablet, artificial intelligence and machine learning that modernized online food ordering system and making this an unique experience for the customer.

These technologies allow for improved order efficiency, and using elements like GPS tracking, consumer orientation is easily able to select their preferred meals and have them ordered immediately. Furthermore, it has been seen with the breakdown of COVID-19 that people are moving more towards online food delivery services as they are safer modes of services. In conclusion, there is increase in demand of convenience foods, increased working hours and increased adoption of technology advance solutions which are the key factors that contribute to the growth of Nigeria online food delivery market over the coming years.

𝐀𝐧 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

• AreaChops
• Chopnownow
• Foodie Nigeria
• Foodstantly
• Gingerbox
• GoFood (AT&A Retail Limited)
• Jumia Foods
• NaijaEats
• Ofood (Opay)

𝐀𝐬𝐤 𝐀𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.imarcgroup.com/request?type=report&id=3127&flag=C

𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐓𝐲𝐩𝐞:

• Mobile Applications
• Websites

This research focuses and analyzes the online food delivery market in Nigeria with segmentation based on the platform, which may include mobile applications and websites. From the analysis it is sourced that the mobile applications have the largest portion of total score.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥:

• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System

The report also contains a breakdown and analysis of the online food delivery market in Nigeria and is segmented by business model. It covers three main systems: It has been characterized into order-focused delivery, logistics-based delivery and full service delivery. Among all the components identified in the research, the order-focused food delivery system emerged as the most dominant in the market.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞:

• Online
• Cash on Delivery

A brief segmentation and evaluation of the Nigeria online food delivery market payment strategies, including online payments and COD have also been provided in the report. It shows that market for payment services is dominated by payments made online.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

• Individual
• Corporate

Here, the report provides you with a breakdown and analysis of the online food delivery market in Nigeria based on the end users' customers which also cover individuals and companies. This was to emphasise that the market is dominated by the individual stores.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North West
• South West
• North Central
• Others

This report provides an analytical discussion of some selected regional markets such as North West, South West, North Central and others. This emerged as it affirmed that out of all the regions in Nigeria, the North West region is the largest market of the online food delivery services. Some of the drivers for OFD market in North West Nigeria include; the steady progression of adopting online food ordering, the rising consumption of fast foods, expansion of quick service restaurants and cafes.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

𝐌𝐚𝐣𝐨𝐫 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.

• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.

• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

𝐖𝐡𝐲 𝐂𝐡𝐨𝐨𝐬𝐞 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery
• Cost-Effective Service Options

𝐍𝐨𝐭𝐞: 𝐒𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐧𝐨𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐚𝐫𝐞 𝐩𝐥𝐞𝐚𝐬𝐞𝐝 𝐭𝐨 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐲𝐨𝐮𝐫 𝐧𝐞𝐞𝐝𝐬.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐎𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐟𝐨𝐫 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭𝐬, 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.imarcgroup.com/request?type=report&id=3127&flag=F

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.