India Online Food Delivery Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 24.32% (2024-2032)
The growing adoption of digital payment methods and the rise of subscription-based meal services are augmenting the online food delivery industry in India. According to the latest report by IMARC Group, The India online food delivery market size reached US$ 36.3 Billion in 2023. Looking forward, the market to reach US$ 257.7 Billion by 2032, exhibiting a growth rate (CAGR) of 24.32% during 2024-2032.
India Online Food Delivery Market Trends and Drivers:
The India online food delivery market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the growing urban population with hectic lifestyles, rising smartphone usage, and greater internet penetration. Besides this, online meal delivery systems are in high demand as consumer attitudes shift toward convenience. In line with these factors, the expanding middle-class population, with more disposable income, is embracing food delivery services to meet their need for quick, diverse, and high-quality meals. Additionally, the widespread adoption of digital payments and the increasing presence of food aggregators like Zomato and Swiggy have further fueled the growth of the India online food delivery market. These platforms have enabled seamless order placement, tracking, and delivery, enhancing the overall consumer experience.
Another significant trend in the India online food delivery market is the growing focus on sustainability and healthier food choices. With a rise in health consciousness, consumers are seeking healthier meal options, prompting restaurants and food delivery platforms to offer a variety of organic, vegan, and low-calorie meals. At the same time, environmental concerns are pushing for eco-friendly packaging and sustainable delivery practices. In addition to these factors, innovations such as cloud kitchens, which operate without a traditional restaurant setup, are also becoming highly prevalent, reducing overhead costs and allowing for a more efficient business model. This evolving landscape, along with continued technological advancements, is expected to drive the growth of the India online food delivery market over the coming years.
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India Online Food Delivery Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Platform Type:
- Mobile Applications
- Websites
Breakup by Business Model:
- Order Focused
- Logistics Based
- Full-Service
Breakup by Payment Method:
- Online
- Cash on Delivery (COD)
Regional Insights:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Zomato
- Swiggy
- Foodpanda
- Bundl Technologies
- Fasso’s
- Domino’s
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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