Chile Food Delivery Market to Grow at 4.46% During 2024-2032, Fostered by Growing Consumption of RTE Food Products

According to the latest report by IMARC Group, titled “Chile Food Delivery Market Report by Business Model (Order Focused, Logistics Based, Full-Service), Order Type (Online, Offline), Payment Method (Online Payment, Cash on Delivery), Platform Type (Mobile Applications, Websites, and Others) 2024-2032,” the Chile food delivery market is expected to grow at a CAGR of 4.46% during 2024-2032. Food delivery refers to a courier service wherein restaurants, stores, or third-party applications deliver food to the customers. Its orders are placed via websites, mobile applications, or telephone calls. Some of the items offered through these services include beverages, desserts, entrees, sides, or groceries. At present, food delivery is gaining popularity in Chile due to the increasing reliance on smartphones for carrying out everyday tasks and the growing number of food service platforms.

Chile Food Delivery Market Trends:

Sedentary lifestyles due to hectic work schedules have positively influenced the demand for ready-to-eat (RTE) food products. This represents one of the key factors supporting the growth of the market in Chile. Apart from this, food delivery provides numerous advantages, including doorstep delivery, various discounts, a diverse range of products, and secured payment getaways. This, in confluence with the introduction of software-based food delivery apps and websites that are integrated with advanced technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), is favorably influencing the market growth in the country. Besides this, due to the outbreak of the highly contagious coronavirus disease (COVID-19), there is a rise in the demand for food delivery services to promote social distancing and prevent the spread of the pandemic. Other major factors, including improved consumer living standards, increasing expenditure on express food delivery services, and the rising dependence of brick-and-mortar foodservice chains on third-party food delivery platforms to expand their consumer base, are anticipated to propel the market growth in the country. 

Market Summary:

• Based on the business model, the market has been divided into order focused, logistics based, and full service segments.
• On the basis of the order type, the market has been bifurcated into online and offline food delivery.
• Based on the payment method, the market has been classified into online payment and cash on delivery (COD).
• On the basis of the platform type, the market has been segmented into mobile applications, websites, and others.
• The competitive landscape of the market has been examined, with some of the key players being Delivery Hero SE, Domino's Pizza Chile, iFood, McDonald's, Rappi Inc, Uber Eats (Uber Technologies Inc.), Yum! Brands and Zomato.
   

Report Scope:

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