According to the latest report by IMARC Group, titled “Online Food Delivery Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian online food delivery market reached a value of US$ 4.35 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 30.1% during 2021-2026. Online food delivery refers to those services that help consumers in ordering and receiving their food products at their doorstep. It allows customers to choose from a wide variety of cuisines available while browsing the website or application. It offers various benefits such as speedy delivery, ease in making payment, availability of food anytime, and others.
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.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-online-food-delivery-market
Market Trends and Drivers:
The market in India is primarily driven by the changing lifestyle and eating habits of consumers. This, coupled with hectic life schedules and inflating disposable income is significantly contributing to the market growth. Furthermore, the growing demand for ready-to-eat and packaged foods is positively influencing the market growth. Moreover, rising digitalization and increasing penetration of smartphones are escalating the market growth. The rapid outbreak of the COVID 19 pandemic has favored market growth due to the contactless delivery services introduced by some of the leading players like Swiggy, Zomato, Domino’s, Pizza Hut, and others. Other factors, including the rising working population, rapid urbanization, and growing online consumer base are creating a positive outlook for the market.
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Platform Type:
Breakup by Business Model:
Breakup by Payment Method:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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