Expert Market Research’s new report titled ‘India Online Food Delivery Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global market Indian online food delivery market, assessing the market based on its segments such as cuisine, platform, delivery type, payment method and major cities. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): USD 2,926 million
India’s online food delivery market is driven by the growing number of smartphone users and affordable internet data rates. Nowadays, people prefer ordering food online because of the incentives offered like discounts and memberships. Businesses focus on offering attractive discounts and reducing shipping costs, which leads to increased price competition in the market and increased sales. Mobile apps were the main way to access online food delivery platforms in 2020, while online prepaid methods accounted for almost 80% of payments. There are a variety of cuisines available like fast food, Indian, Chinese, Italian and among others.
Industry definition and major segments
The online food ordering and delivery market allows people to search for restaurants and order food of their choice online. People prefer ordering food online as the menu is visible and there is easy accessibility that offers real-time tracking within the app.
On the basis of kitchen, the market is segmented into:
- fast food
The market can be categorized on the basis of platform into:
- Mobile app
The Indian online food delivery market can be broadly categorized by type of delivery into:
- Delivery from restaurant to consumer
- Platform-to-consumer delivery
On the basis of payment method, the market can be segmented into:
Based on the cities, the market can be categorized as follows:
Latest News on Indian Online Food Delivery Market @ https://bityl.co/CY9n
The growing prevalence of junk food across the country is likely to help the market. Key players like Swiggy and Zomato dominate the market. Ordering food online has become easy and convenient. The increase in funding received by the industry, as well as the increase in own delivery fleet by major players, is ensuring further growth for the industry. Moreover, with the increase in the number of smartphone users and the availability of cheap internet data plans, people are flocking to order food online. With the entry of women into the workforce and the increasing prevalence of dual income families, people frequently prefer to eat food from outside.
Main market players
Major players in the market are Swiggy, Zomato, Foodpanda, Uber Eats, InnerChef, Fresh Menu, Domino’s, Pizza Hut, Faasos, and KFC. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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