The Global Online Food Delivery Market was valued around at US $107 Billion in the year 2019, and is projected to reach $XX Billion by the year 2026, growing at a CAGR of 15.41% during the forecast period.
The report covers the detailed analysis of the Global Online Food Delivery industry with the classifications of the market on the basis of Platform Type, Business Model, Payment Method, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global Online Food Delivery Market Introduction
The food delivery service is a process of ordering, food or raw materials of preparing the food, online through the websites or some specially designed applications.
In this modern world, food delivery services have become something we have been habitual to, especially due to a basic reason that we need not go anywhere for doing so; just by using our phones, we can browse a huge number of restaurant menus and order as per our cravings, whenever we wish to.
Top Global Online Food Delivery Manufacturers
The report has profiled fifteen major companies in the market from different regions, across the Globe. Further, the report has considered all the followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Asia Pacific.
Top Key Players in the Global Market for Online Food Delivery
• Mr. D Food
• Postmates Inc.
• Zomato Pvt. Ltd.
• Just Eat Plc
• Meituan Waimai
• Bundl Technologies
• FoodVista India Private Limited
• Rebel Foods Private Limited
• Yum! Brands, Inc.
Global Online Food Delivery Market Dynamics
Along with the fast moving lives, online food delivery definitely has the biggest number of audiences in the form of millennials. Additionally, we find the young professionals getting attracted to the approach of online food, rather than spending time in long queues for being in any restaurants. The online food delivery market is also being driven by the flexibility of ordering the foods, just through the mobile applications, and choosing from a variety of restaurants, that otherwise might not be known at all.
COVID – 19 Impact on Online Food Delivery Market
The outbreak of a tiny virus has drastically affected many industries at a very huge level around the globe. Though, the downfall in the economy was not only because of the spread of a pandemic, but also due to the measures taken by the government to stop and slow down the spread of the disease. Hence, the partial or complete lockdown, travel restrictions, and so on has a major impact on almost all the manufacturing and service industries, including packaged water treatment and waste water treatment industrial sector.
It is a matter of fact that even this industry would realize slowdown in the investments, as many other. The basic reason behind the declining of the Magnetic Flow Meters could also be the declining of almost all the end – user Industries of this market.
Scope of Global Online Food Delivery Market: Inquire before buying
The Global market for Online Food Delivery is studied under three major segments and further into sub-segments to forecast the market size by value.
Global Online Food Delivery Market, by Platform Type
Based on the Platform Type, the Online Food Delivery market is segmented into –
The Applications segment is expected to dominate the Online Food Delivery during the forecast period.
Global Online Food Delivery Market
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The Skin Care segment roughly accounted for a market share of 36.6%, in 2019 in the Online Food Delivery market, and is expected to increase its share in the coming times. This rise in growth of the segment could be attributed to the enhanced features of the skin care products and the uniqueness that they do not cause any side effects to any age.
Global Online Food Delivery Market, by Business Model
The Online Food Delivery market, on the basis of its Business Model, is categorized under –
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full – Service Food Delivery System
The Order Focused Food Delivery Model accounts for a larger market share, as compared to the other Business Models.
This segment accounted for almost 55% market share in 2019, and is similarly expected to register a highest CAGR, during the forecast period in the market for Online Food Delivery.
Global Online Food Delivery Market
Global Online Food Delivery Market, by Payment Method
On the basis of Payment Methods, the Online Food Delivery market is segregated into –
• Online Payment
• Cash On Delivery
Global Online Food Delivery Market payment
Regional Analysis of Global Online Food Delivery Market
• North America
• Asia Pacific
• Middle East & Africa
• South America
North America is expected to account for a Largest Market Share in the Global Online Food Delivery Market during the forecast period.
The market for Online Food Delivery is anticipated to grow with a largest CAGR in North America. The rise of the market is being noticed mainly due to the reason of various safety standards, increased consumer awareness, and willingness of the consumers to pay heavily for the premium herbal products.
Global Online Food Delivery Market by resion
The objective of the report is to present a comprehensive analysis of the Global Online Food Delivery Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Online Food Delivery Market dynamics, structure by analyzing the market segments and projects the Global Online Food Delivery Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Online Food Delivery Market make the report investor’s guide.
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