Industry Background:
The Virtual Restaurant Food Delivery market is expected to withness high demand in the foreacsted period due to incresing adoption of the food industry across the world. A virtual restaurant , also known as a ghost restaurant or cloud kitchen, is a foodservice establishment that offers take-out only. This can be done either by going directly to the website and placing an order or by using a mobile phone application. The introduction of online food delivery system has been a convenient addition, which has not only reduced long queues, but has also decreased the waiting time for ordered food delivery.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | GrubHub (United States), Zomato (India), Deliveroo (United Kingdom), Just Eat (United Kingdom), Swiggy (India), Delivery Hero (Germany), Food Panda (Germany), OLO (United States), MEITUAN (China) and Uber Eats (United States) |
This growth is primarily driven by Growing Food Industry across the World and Incresing Demand from Business to Business (B2B) Model.
Globally, a noticeable market trend is evident Incresing Adoption due to Placing Order Using Virtual Assistants, Smart Watches and Smart TVs The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GrubHub (United States), Zomato (India), Deliveroo (United Kingdom), Just Eat (United Kingdom), Swiggy (India), Delivery Hero (Germany), Food Panda (Germany), OLO (United States), MEITUAN (China) and Uber Eats (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. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. for instance, Amazon has switched sides, from competing against, to investing hundreds of millions in U.K. scale-up Deliveroo, to help it achieve its radical goals. Deliveroo’s "leaked investor slides" reportedly reveal plans to cut food costs by 50 percent for consumers by launching their own food offerings, and to double their profitability.
Influencing Trend:
Incresing Adoption due to Placing Order Using Virtual Assistants, Smart Watches and Smart TVs
Market Growth Drivers:
Growing Food Industry across the World and Incresing Demand from Business to Business (B2B) Model
Challenges:
High Costs Associated with the Initial Installments of Software
Restraints:
The Technical Complexities regarding Virtual Restaurant Food Delivery
Opportunities:
Growing Penetration of Smartphones and Internet Connections and Lockdown Due to Coronavirus Pandemic is leading to Adoption of Virtual Restaurants
AMA Research follows 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 showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Virtual Restaurant Food Delivery Market
- Analysis about New Entrants in Virtual Restaurant Food Delivery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Virtual Restaurant Food Delivery Study Sheds Light on
The Virtual Restaurant Food Delivery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Virtual Restaurant Food Delivery industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Virtual Restaurant Food Delivery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.