Online Food Delivery Market Emerging Trends And Business Strategy Till 2025
Online Food Delivery Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Online Food Delivery Market place for the forecast 2019– 2025.
Key Players in the Online Food Delivery Market Report:
The major players included in the global online food delivery market forecast are Deliveroo, Delivery Hero, Grub Hub, Foodpanda, and Takeaway.com.
Online Food Delivery Key Market Segments:
Online Food Delivery Market Segment by Type:
- Restaurant-to-Consumer
- Platform-to-Consumer
Online Food Delivery Market Segment by Channel Type:
- Websites/Desktop
- Mobile Applications
Online Food Delivery Market Segment by Payment Method:
- Cash on Delivery
- Online
The Rising Internet Penetration And Employment Of Smartphones Are Adding To The Growth Of The Market
The rising internet penetration and employment of smartphones are adding to the growth of the market. The development of the global food delivery sector that allows users to order food from a series of restaurants is playing a major role in powering the market development. The growth of delivery aggregators such as Swiggy and Zomato in the Indian market over the past few years has further added to the growth of the market.
In addition to the above factors, the changing lifestyle & eating patterns and increasing number of dual income families are predicted to support the market growth over the coming period. Moreover, the increasing requirement for quick access to food at cheap costs is also powering the growth. Advantages provided by online delivery services include rewards & cashback offers, attractive discounts, multiple payment options, and doorstep delivery. Moreover, suppliers of food services are setting up huge warehouses to amass fresh produce for providing high-quality food and motivating the acceptance of online delivery services.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
The Asia Pacific Market Is Predicted To Clock A Solid Growth For The Global Online Food Delivery Market Over The Coming Period
The Asia Pacific market is predicted to clock a solid growth for the global online food delivery market over the coming period. The regional development can be credited to the changing preference of millennials and increasing per capita income. In addition to this, rapid adoption of advanced technologies such as voice-assistant apps and increasing employment of internet-based handsets by millennials are adding considerably to the regional market development. The development of the e-commerce sector in developing nations such as Japan and India is further adding to the acceptance of food delivery apps in the region.
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