The India online food delivery market reached a value of US$ 4.35 Billion in 2020. 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.
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. Looking forward, IMARC Group expects the India online food delivery market to exhibit strong growth during the next five years.
Breakup by Platform Type:
Breakup by Business Model:
Breakup by Payment Method:
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.
Along with this, IMARC Group has also done a study on the online food delivery market region Vietnam, United States and China which has enabled our clients to set up and expand their businesses successfully.
Key Questions Answered in This Report:
Top leading Indian online food delivery companies are Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's, Domino's, etc.
The India online food delivery market reached a value of US$ 4.35 Billion in 2020.
The market is currently witnessing growth on account of the increasing internet penetration and the boosting sales of smartphones. This, in confluence with the growing working population and inflating income levels, is driving the market further in the country.
On account of the rising cases of COVID-19, some of the key players operating in the industry are introducing contactless delivery services, which ensure that the food reaches the customer safely with adequate social distancing measures.
The market has been bifurcated on the basis of the platform type into websites and mobile applications.
On the basis of the business model, the market has been segmented into order focused, logistics-based and full-service food delivery systems.
The market has been divided into online and cash on delivery (COD) according to the payment.
On the geographical front, the market has been segregated into North, West and Central, South, and East India.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in the closure of dine-in facilities of restaurants to mitigate the risk of coronavirus transmission. This has augmented the demand for online food delivery services in the country.
According to the estimates by IMARC Group, the India online food delivery market is expected to witness a CAGR of 30.11% from 2021 to 2026.
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