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Online Food Delivery Services Market Growth To Accelerate At Rate Of 11% As Per The Business Research Company's Online Food Delivery Services Global Market Report 2021

This report describes and evaluates the global online food delivery services market. It covers three five-year periods, including 2015 to 2020, termed the historic period, 2020-2025 forecast period and 2025-2030 a further forecast period.

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According to The Business Research Company’s research report on the online food delivery services market, the increasing size of the working population has accelerated the adoption of online food services in the forecast period. A large concentration of a young working population with high disposable income and readily accessible internet facilities in metropolitan cities have helped to stimulate the growth of the online food industry in India. In addition, an increasing ratio of women being employed in big corporates in metropolitan areas has resulted in the growth of online orders.

For instance, HRM Asia reported that by 2036, the proportion of India’s working-age population is expected to surge to 65%. Thus, the young working population with a high disposable income and readily accessible internet facilities are driving the growth of the online food delivery services market.

The global online food delivery services market size is expected to grow from $115.07 billion in 2020 to $126.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global online food delivery market is expected to reach $192.16 billion in 2025 at a CAGR of 11%.

Asia-Pacific was the largest region in the online food delivery services market, accounting for 68.6% of the total in 2020. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the online food delivery services market will be Africa and South America where growth will be at CAGRs of 26.9% and 16.5% respectively. These will be followed by Western Europe and Eastern Europe, where the markets are expected to grow at CAGRs of 14.2% and 13.6% respectively.

The Business Research Company’s report titled Online Food Delivery Services Global Market Report 2021 - By Type (Platform-to-Customer, Restaurant-to-Customer), By Channel Type (Websites, Mobile Applications), By Payment Method (Cash On Delivery, Online Payment), COVID-19 Growth And Change covers major online food delivery services companies, online food delivery services market share by company, online food delivery services manufacturers, online food delivery services market size, and online food delivery services market forecasts. The report also covers the global online food delivery services market and its segments.

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Government initiatives are also driving the growth in developed and developing countries, currently and in the forecast period. For example, in February 2021, the Indian government has taken a big initiative to help roadside street food vendors. Under the PM SVANIDHI Scheme, the Ministry of Housing and Urban Affairs has tied up with Indian restaurant aggregator and food delivery start-up Zomato to provide roadside vendors an online market. Favorable initiatives will positively impact the online food delivery services market in the forecast period.

The online food delivery services industry is highly concentrated with a few large players dominating the market. The top ten competitors in the market made up to 65.94% of the total market in 2020. Uber Technologies, Inc. (Uber Eats) was the largest competitor with 16.55% of the market, followed by Meituan Dianping, Just Eat Takeaway.com N.V., Delivery Hero SE, Domino's Pizza, Inc., Grubhub Inc., DoorDash Inc., Deliveroo, Swiggy, and Zomato.

Online Food Delivery Services Global Market Report 2021 COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide online food delivery services market overviews, online food delivery services market analyze and forecast market size and growth for the whole market, online food delivery services market segments and geographies, online food delivery services market trends, online food delivery services market drivers, online food delivery services market restraints, online food delivery services market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.

The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports By The Business Research Company:

Food And Beverages E-Commerce Global Market Report 2021 - By Type (Grocery Delivery And Pickup, Dtc Products, Meal Kits And Fresh Ready-To-Eat Meals, Restaurant Meal Delivery), By Delivery Channel (Store Pick-Up, Home Delivery), By End Users (Households, Businesses), COVID-19 Growth And Change

Couriers And Messengers Market - By Type (Domestic Couriers, International Couriers), By End-User (B2B, B2C, Others), By Coverage (Local Messengers And Local Delivery, Couriers And Express Delivery Services), And By Region, Opportunities And Strategies – Global Forecast To 2023

Food And Beverages Market - By Type (Alcoholic Beverages, Non Alcoholic-Beverages, Grain Products, Bakery And Confectionery, Frozen And Fruit & Veg, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products, Other Foods Products), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Food Service Stores, E-Commerce And Others), By Nature (Organic, Conventional Food And Beverages), And By Region, Opportunities And Strategies - Global Food And Beverages Market Forecast To 2030

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

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The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.


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