Change Language

Select Language

China Online Food Delivery Market to Grow at 12.1% During 2022-2027, Impelled by Widespread Integration with Advanced Technologies

Published on Dec 13, 2021

According to the latest report by IMARC Group, titled "China Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the China online food delivery market size reached US$ 58.7 Billion in 2021. Online food delivery is the process of ordering food online with the help of a website or mobile application of either a local restaurant or food service provider. Numerous online platforms allow customers to create an account for frequent ordering and convenient browsing through a vast array of food options available as per the delivery location. Upon choosing the desired food items, customers can confirm their order, following a fast checkout process and a secured payment gateway. They generally allow customers to use debit/credit cards, net banking, e-wallets and cash on delivery for the payment options. As a result, they are increasingly utilized for a hassle-free food ordering experience.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

China Online Food Delivery Market:

The market in China is majorly driven by the rising popularity of readily available meals across the country. This is supported by the inflating disposable income levels and the shifting dietary preferences of the masses. Along with this, the hectic lifestyles led by the working professionals across the country have also contributed to the increasing preference for food delivery services. Moreover, the improving network connectivity and a considerable increase in the number of smartphone users in China have led to the escalating demand for online food delivery services. The market is further driven by the widespread integration of advanced technologies with these food delivering services. Numerous key players are equipping their services with artificial intelligence (AI) and advanced data analysis in an attempt to significantly improve their management efficiency and streamline related processes, along with offering user-friendly interfaces. Some of the other factors contributing to the market growth include significant growth in the food and beverage industry and the availability of flexible payment options with these applications. On account of the aforementioned factors, the market is expected to grow at a CAGR of 12.1% during 2022-2027.

Market Summary:

  • On the basis of the platform type, the market has been bifurcated into mobile applications and websites.
  • Based on the business model, the market has been divided into order focussed, logistics based and full service food delivery systems.
  • On the basis of the payment method, the market has been classified into online and cash on delivery.
  • On the geographical front, the market has been segmented into Guangdong, Jiangsu, Shandong, Zhejiang, Henan and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )


Drop us an email at

sales@imarcgroup.com