India Online Food Delivery Market Size, Share, Statistics, Growth and Forecast 2023-2028

India Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1241

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Market Overview:

The India online food delivery market is expected to exhibit a growth rate (CAGR) of 28.5% during 2023-2028.

Online food delivery assists individuals in ordering and receiving the desired food products at the doorstep. It involves browsing the website or application, selecting from a wide variety of cuisines available and making the payment through different methods. The website/application updates the user about the expected duration of food preparation and delivery. These features, in confluence with attributes such as ease, speed and precision of delivery, are increasing the demand for these services in India.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The market is currently witnessing growth on account of the increasing access to high-speed internet facilities and the boosting sales of smartphones. This, in confluence with the growing working population and inflating income levels, is propelling the online food delivery market growth in India. Although the players are mainly concentrated in the urban regions of the country, with Bangalore, Delhi and Mumbai representing the three largest markets, vendors are now also targeting smaller cities, as they have strong growth potential. Moreover, the rising trend of the on-the-go food items and quick home delivery models that offer convenience, ready-to-eat (RTE) and cheaper food delivery options are escalating the demand for online food delivery services in the country. Furthermore, owing to the rising cases of COVID-19, some of the leading players like Zomato, McDonald's Corporation and Domino’s Pizza Inc. have introduced contactless delivery services. These services ensure that the food reaches the customer without being touched by bare hands and is delivered safely with adequate social distancing measures.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India online food delivery market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on platform type, business model and payment method.

Breakup by Platform Type:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Mobile Applications
Websites

Breakup by Business Model:

Order Focused
Logistics Based
Full-Service

Breakup by Payment Method:

Online
Cash on Delivery (COD)

Regional Insights:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players include Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's, Domino's, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Platform Type, Business Model, Payment Method, Region
Region Covered	North India, West and Central India, South India, East India
Companies Covered	Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's and Domino's
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the India online food delivery market to exhibit a CAGR of 28.5% during 2023-2028.

The rising popularity of quick home delivery models, which offer convenient, ready-to-eat, and cheaper food delivery options, is primarily driving the India online food delivery market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for online food delivery services, owing to the temporary closure of various dine-in facilities across the nation.

Based on the platform type, the India online food delivery market can be segmented into mobile applications and websites. Currently, mobile applications hold the majority of the total market share.

Based on the business model, the India online food delivery market has been divided into orderfocused, logistics based, and full-service. Among these, order focused currently exhibits a clear dominance in the market.

Based on the payment method, the India online food delivery market can be categorized into online and Cash on Delivery (COD). Currently, online accounts for the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India online food delivery market.

Some of the major players in the India online food delivery market include Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's, Domino's, etc.

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