Global Online Food Delivery Market Overview:
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 Global Online Food Delivery market is expected to see growth rate of 4.1% and may see market size of USD21.3 Million by 2024.
- Increased Used of Internet Services is Expected to Fuel of the Product Demand.
- Easy Access to Favorite Restaurants, Payment Methods and Availability of Items.
- Collaboration and Tie Up Of Leading Players
- Fluctuation in Food Service Process.
- Adverse Impact due to Exact Location of the Customers.
- Upsurge Demand Due Reduction of Long Queues and Waiting Time for Ordered Food Delivery.
- Increase Demand from Food & Beverages Industry
- Lack of Loyal Customers
- Stiff Competition Between the Major Players
Some of the key players profiled in the report are 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). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Online Food Delivery market by 2024. Considering Market by Food Source, the sub-segment i.e. Restaurants and Food Outlets will boost the Online Food Delivery market. Considering Market by Platform, the sub-segment i.e. Web Based will boost the Online Food Delivery market. Considering Market by Delivery Model, the sub-segment i.e. Traditional Delivery Model will boost the Online Food Delivery market. Considering Market by Payment Method, the sub-segment i.e. Online Payment will boost the Online Food Delivery 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.
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Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Food Delivery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Food Delivery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online Food Delivery Manufacturers, Online Food Delivery Traders, End-Use Market Participants of Different Segments of Online Food Delivery, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.