What is Online Food Delivery Service?
The changing nature of urban consumers may have contributed to the growth of online meal delivery businesses. Food delivery services are used by these customers for a variety of reasons, but the most common one appears to be the requirement for quick and easy meals during or after a long day at work. The numerous food delivery services that are widely available relieve customers of the burden of thinking about and planning meals, whether the consumer is preparing the meal himself, dining in at a restaurant, or going to a restaurant and purchasing food to take back to the office or home. Restaurants may create a sense of luxury by serving food in premium packaging, transporting customers to exotic locations, and providing a high-quality in-house experience without them having to visit the restaurant. This trend is especially pertinent during the global pandemic when consumers are yearning for a respite from their fatigue and a semblance of routine.
The market study is broken down by Type (Restaurant-to-Consumer and Platform-to-Consumer) and major geographies with country level break-up. According to AMA, the Global Online Food Delivery Service market is expected to see growth rate of 16.1%
Due to the presence of established local firms, the market is highly fragmented and characterized by intense competition. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Online Food Delivery Service market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DoorDash (United States), Just Eat Holding Limited (United Kingdom), Swiggy (India), Takeaway.com (Netherlands), Uber Technologies Inc. (United States), Postmates Inc.(United States), Foodpanda (Germany), Ele. me (China), Glovoapp23 SL (Spain), Waiter.com (United States) and Domino's pizza (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are iFood (Brazil), Door Dash (United States) and GrubHub (United States).
AdvanceMarketAnalytics has segmented the market of Global Online Food Delivery Service market by Type, Application and Region.
On the basis of geography, the market of Online Food Delivery Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Business Model, the sub-segment i.e. Order Focused Food Delivery System will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform Type, the sub-segment i.e. Websites will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The expansion of delivery aggregators across Developing as well as Developed Countries
- The Increasing Number of Dual Income Families
- The High Adoption of Internet and Smartphones
- The Growing Food Industry across The Globe
- The increasing infrastructural advancements in emerging economies
- The Growing Popularity of Quick Access to Food at Affordable Prices
- The Lack of Awareness and Skilled Forces in The Emerging Economies
- The Stringent Government Regulations Regarding the Food Services
Key Target AudienceOnline Food Delivery Service Provider, Government Regulatory Bodies, Private Research Organization, Government Regulatory Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.