About Online Food Delivery
The Online food delivery is a service that allows the user to order food from a desired food outlet via the internet. The service can be done either by website or mobile phone applications. There has been significant rise in number of people order food delivery and takeout once in a week with figure stood up to 60 percent in United States alone in 2018, So, the future online food delivery looks promising. Further, increasing demand for HORECA and rising applications of third party delivery services expected to drive the market over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 4.1% |
The demand for Injection Molding Polyamide 6 is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes BASF SE, DSM, Lanxess AG, DuPont and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how injection molding polyamide 6 can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Online Food Delivery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Delivery Hero (Germany), Deliveroo (United Kingdom), Grub Hub (United States), Takeaway.com (The Netherlands), Just Eat (United Kingdom), Ele.me (China) and Meituan Waimai (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Swiggy (India), Zomato (India), DoorDash (United States), Pastmates (United States) and Uber Technologies Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Online Food Delivery market by Type (Delivery and Takeaway) and Region.
On the basis of geography, the market of Online Food Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Food Source, the sub-segment i.e. Restaurants and Food Outlets will boost the Online Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Web Based will boost the Online Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Delivery Model, the sub-segment i.e. Traditional Delivery Model will boost the Online Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online Payment will boost the Online Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Increased Used of Internet Services is Expected to Fuel of the Product Demand. and Easy Access to Favorite Restaurants, Payment Methods and Availability of Items.
Challenges:
Lack of Loyal Customers and Stiff Competition Between the Major Players
Restraints:
Fluctuation in Food Service Process. and Adverse Impact due to Exact Location of the Customers.
Opportunities:
Upsurge Demand Due Reduction of Long Queues and Waiting Time for Ordered Food Delivery. and Increase Demand from Food & Beverages Industry
Market Leaders and their expansionary development strategies
In March 2024, Indian Railway Catering and Tourism Corporation (IRCTC) entered into an agreement with online food aggregator Swiggy to deliver food at Bangalore, Bhubaneshwar, Visakhapatnam and Vijayawada railway stations. The food delivered to passengers will be packed in insulated Swiggy bags to keep the meal warm and fresh, they claim.
In December 2023, Swiggy launches new feature for cost-conscious customers in India. The company aims to make online food ordering more accessible and economical for budget-conscious consumers.
Key Target Audience
Online Food Delivery Manufacturers, Online Food Delivery Traders, End-Use Market Participants of Different Segments of Online Food Delivery, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.