Industry Background:
Online food delivery is the process where food is ordered online is prepared and deliver to the customer. Online food delivery requires highly efficient and scalable real-time delivery services. Online food delivery platforms are responsible for recruiting and training professional delivery people and they may also resort to crowdsourcing logistics, using delivery people who are not necessarily employed by the online FD platform.This growth is primarily driven by Increasing Demand Tasty and Ready to Eat Food and Rising Number of Working Women's.
Globally, a noticeable market trend is evident Rapidly Growing Population and Adoption of Urban Lifestyle
. Major Vendors, such as Zomato (India), National Restaurant Association of India (NRAI) (India), Uber Eats (United States), foodpanda (Germany), Swiggy (India), Grubhub (United States), Deliveroo (United Kingdom), Domino's Pizza (United States), Just Eat Takeaway (Netherlands) and DoorDash (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 31st January 2020, Zomato has acquired Uber Eats. The acquisition helps to provide speedy and efficient services at a lower cost. The combination of Zomato and Uber Eats will help to increase its share to more than 50% of the market.
On 8th May 2020, the National Restaurant Association of India (NRAI) has launched its platform to take on food delivery services. The new platform will offer online food ordering and delivery services along with loyalty programs.
Regulatory Insights:
As per the Food and Drug Administrative, All online catering providers should obtain a business license and own a physical storefront which must operate under the supervision of the local FDA.
Market Drivers
- Increasing Demand Tasty and Ready to Eat Food
- Rising Number of Working Women's
Market Trend
- Rapidly Growing Population and Adoption of Urban Lifestyle
- Huge Popularity of Online Food Delivery among Peoples
Restraints
- Consumer Awareness regarding Health Concerns
- Increasing Competition in Key Players
Opportunities
Changing Marketing Strategies will create Opportunities for the Market Growth
Challenges
Regulatory Guidelines on the Online Food Delivery Platform
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Food Delivery Platform Study Sheds Light on
The Online Food Delivery Platform Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Food Delivery Platform industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Food Delivery Platform industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.