Nigeria Online Food Delivery Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Nigeria Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Nigeria online food delivery market grew at a CAGR of around 13% during 2015-2020. Online food delivery refers to a convenient method of ordering and delivering food via online portals. This platform includes mobile-based software applications or web pages that offer access to single or multiple food joints based on customer preferences. Online food delivery platforms also provide various payment options, such as prepaid cards, cash on delivery, net banking, food coupons, etc. In Nigeria, the elevating levels of urbanization coupled with the increasing penetration of IoT-based smart devices are propelling the market for online food delivery.

The hectic consumer work schedules and sedentary lifestyles are augmenting the demand for ready-to-eat (RTE) food products in Nigeria. Furthermore, the rise in working women population along with the improving consumer living standards have led to the increasing expenditures on express food delivery services in the country. Additionally, the growing consumer inclination towards online food delivery based on the availability of diverse food options, door-step delivery, numerous discounts, secured payment gateways, etc., is also propelling the market growth in Nigeria. Apart from this, the increasing adoption of online sales channels by several brick-and-mortar food chains to expand their consumer base is further augmenting the market for online food delivery. Moreover, the growing integration of online food delivery platforms with several advanced technologies, such as AI, IoT, predictive analytics, Big Data, etc., for providing a personalized consumer experience is also catalyzing the market growth in Nigeria. The outbreak of the COVID-19 pandemic in early 2020 has also resulted in a rising shift from conventional food joints towards online food delivery services to mitigate the risk of coronavirus infection upon human interaction. Looking forward, IMARC Group expects the Nigeria online food delivery market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Nigeria online food delivery market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, platform type, business model, payment mode and end user.

Breakup by Platform Type:

Mobile Applications
Websites

Breakup by Business Model:

Order Focused Food Delivery System
Logistics Based Food Delivery System
Full-Service Food Delivery System

Breakup by Payment Mode:

Online
Cash on Delivery

Breakup by End User:

Individual
Corporate

Breakup by Region

North West
South West
North Central
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being AreaChops, Chopnownow, Foodie Nigeria, Foodstantly, Gingerbox, GoFood (AT&A Retail Limited), Jumia Foods, NaijaEats, and Ofood (Opay).

Key Questions Answered in This Report:

How has the Nigeria online food delivery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Nigeria online food delivery market?
What are the key regional markets?
What is the breakup of the market based on the platform type?
What is the breakup of the market based on the business model?
What is the breakup of the market based on the payment mode?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Nigeria online food delivery market and who are the key players?
What is the degree of competition in the industry?