India Online Food Delivery Market to Grow at 24.32% During 2024-2032, Impelled by Rising Internet Penetration

February 27, 2023 | Transportation and Logistics

The latest report by IMARC Group, titled "India Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," finds that the India online food delivery market is expected to exhibit a CAGR of 24.32% during 2024-2032. Online food delivery includes ordering and delivering food items to customers. It includes ordering food through various food delivery applications and websites on computers or smartphones from various restaurants. These applications also allow the consumer to register and uphold an account to make frequent orders and use suitable payment methods. In addition, they provide various benefits to food service providers such as increased revenue, reduced labor expenses and reduced errors. Owing to these benefits, online food delivery is gaining traction among consumers and food service providers across India.

India Online Food Delivery Market Trends:

The market is primarily driven by the rising internet penetration and surging sales of smartphones across the country. In addition, the growing working population and the inflating disposable incomes of individuals represent another major growth-inducing factor. Online food delivery offers consumers a wide range of food items available on their smartphones that can be quickly delivered to their doorsteps. Besides this, the leading market players are also targeting smaller cities that have strong growth potential as they are less developed markets to expand their consumer base. Moreover, with the sudden outbreak of the coronavirus disease (COVID-19), players like Zomato, Domino's Pizza Inc., and McDonald's Corporation have introduced contactless delivery services to ensure that the food is delivered safely with adequate social distancing measures. This, coupled with the rising trend of on-the-go food items and home delivery models that offer ready-to-eat (RTE) items and cheaper food delivery options, are positively influencing the market growth.

Market Summary:

  • Based on the platform type, the market has been bifurcated into mobile applications and websites.
  • On the basis of the business model, the market has been classified into order-focused, logistics-based, and full-service.
  • Based on the payment method, the market has been segregated into online and cash-on-delivery (COD).
  • Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Zomato, Swiggy, Foodpanda, Bundl Technologies, Fasso's and Domino's, etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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)

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.

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India Online Food Delivery Market to Grow at 24.32% During 2024-2032, Impelled by Rising Internet Penetration
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