Industry Background:
The Online food delivery is a service that allows the user to order food from a desired food outlet via the internet. The service can be done either by website or mobile phone applications. There has been significant rise in number of people order food delivery and takeout once in a week with figure stood up to 60 percent in United States alone in 2018, So, the future online food delivery looks promising. Further, increasing demand for HORECA and rising applications of third party delivery services expected to drive the market over the forecasted period.
According to AMA, the market for Online Food Delivery is expected to register a CAGR of 4.1% during the forecast period to 2026. This growth is primarily driven by Increased Used of Internet Services is Expected to Fuel of the Product Demand. and Easy Access to Favorite Restaurants, Payment Methods and Availability of Items..
Globally, a noticeable market trend is evident Collaboration and Tie Up Of Leading Players. The Food Retail sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Delivery Hero (Germany), Deliveroo (United Kingdom), Grub Hub (United States), Takeaway.com (The Netherlands), Just Eat (United Kingdom), Ele.me (China), Meituan Waimai (China), Swiggy (India), Zomato (India), DoorDash (United States), Pastmates (United States) and Uber Technologies Inc (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2019, Amazon planning to launch online food delivery service in India which is beneficial in providing new business portfolio and raise competition between the major competitors.
Market Drivers
- Increased Used of Internet Services is Expected to Fuel of the Product Demand.
- Easy Access to Favorite Restaurants, Payment Methods and Availability of Items.
Market Trend
- Collaboration and Tie Up Of Leading Players
Restraints
- Fluctuation in Food Service Process.
- Adverse Impact due to Exact Location of the Customers.
Opportunities
Upsurge Demand Due Reduction of Long Queues and Waiting Time for Ordered Food Delivery. and Increase Demand from Food & Beverages Industry
Challenges
Lack of Loyal Customers and Stiff Competition Between the Major Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Food Delivery Study Sheds Light on
The Online Food Delivery Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Food Delivery industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Food Delivery industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.