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According to the estimates by IMARC Group, the India online food delivery market is expected to witness a CAGR of 28.9% from 2022 to 2027.
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.
Top leading Indian online food delivery companies are Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's, Domino's, etc.
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.
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