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PRESS RELEASE
Published April 12, 2023
According to IMARC Group’s latest research report, titled “Indian Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market share of online food delivery in India. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India online food delivery market is expected to exhibit a growth rate (CAGR) of 28.5% during 2023-2028. Online food delivery is an online platform that assists users in ordering and receiving the desired food products at their doorsteps. It involves browsing the website, selecting a meal of choice from a range of cuisines available, and making payments through different methods. It enables consumers to register and uphold the account for frequent ordering and receive updates about the expected food preparation and delivery duration. As a result, it offers numerous advantages, including easy and fast ordering, less hassle, fewer misunderstandings and miscommunication, minimum human interaction, and various cashback offers. In India, there has been a considerable rise in the demand for online food delivery due to rapid digitization.
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Top Companies in Indian Online Food Delivery Industry:
- Zomato
- Swiggy
- Foodpanda
- Bundl Technologies
- Fasso’s
- Domino’s
India Online Food Delivery Market Trends:
The market in India is primarily driven by continuous improvements in the food and beverage industry. Moreover, shifting lifestyle preferences due to the busy lifestyle led by working professionals is catalyzing the market. In line with this, numerous major companies are focussing on ready-to-eat (RTE) food items, couponing strategies, creating off-peak demand, promotional strategies, and cheaper food delivery options, which are gaining widespread prominence across the country. Other factors, including penetration of high-speed internet connectivity and smartphones, increased access to a wider range of food options, and inflating disposable income levels of the masses, are also influencing the market across India.
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Key Market Segmentation:
Breakup by Platform Type:
- Mobile Applications
- Websites
Breakup by Business Model:
- Order Focused
- Logistics Based
- Full-Service
Breakup by Payment Method:
- Online
- Cash on Delivery (COD)
Regional Insights:
- North India
- West and Central India
- South India
- East India
TOC for the India Online Food Delivery Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- India Online Food Delivery Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
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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