Garner Insights forecast the global online on-demand food delivery services market to grow at a CAGR of +31% during the period 2017-2023.
Online On-Demand Food Delivery ServicesMarketScenario
Online on-demand food delivery services is a process of food delivery or takeout from a local restaurant or food cooperative through a web page or app. Much like ordering consumer goods online, many of these allow customers to keep accounts with them in order to make frequent ordering convenient. A customer will search for a favorite restaurant, usually filtered via type of cuisine and choose from available items, and choose delivery or pick-up. Payment can be amongst others either by credit card, Paypal or cash, with the restaurant returning a percentage to the online food company.
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The report also profiles some of the major players functioning in the Global Online On-Demand Food Delivery Services Market, on the basis of various factors such as the company overview, revenue, product offering (s), key development (s), business strategies, Porter’s five forces analysis, and SWOT analysis. Some of the major players profiled in this report include Deliveroo, Delivery Hero, DoorDash, GrubHub, Just Eat Holding, Foodler, Postmates, Swiggy, OrderUp, Munchery, Takeaway.com, Zomato Media, Uber Eats, ELEME, Hellofood
The convenience and easy accessibility to be one of the primary growth factors for the online on-demand food delivery services market. Online on-demand delivery services are gaining prominence due to the consumer’s increasing preference for convenience and easy accessibility. The largest consumer segment that uses internet services steadily are the primary end-users of these services. Popular on-demand food delivery services include a range of restaurants that allow users to compare menus, prices, and several reviews provided by former customers. Due to the hectic lifestyles, consumers can easily request for food delivery services from a specific restaurant through a mobile app. Popular on-demand food delivery services include a range of restaurants that allow users to compare menus, prices, and several reviews provided by former customers.
Online on-demand food delivery service providers are adopting digital and social media promotional campaigns in their marketing strategies. These services are further boosted by digital platforms through mobile and smartphone technologies. Their various features increase their service visibility and expand their product portfolio. Further, service providers further use social media platforms to run their service promotions and campaigns. These platforms increase consumer engagement and create brand and service awareness. The increasing digital platform and consumer engagement on social media platforms is identified to be one of the key factors having a positive impact on the online on-demand food delivery services market.
Convenience and easy accessibility are one of the major factors driving the global online on-demand food delivery services market. The demand for online on-demand food delivery services is increasing because of the preference for convenience and easy accessibility to food delivery. These services are quite popular with the millennial population, the largest consumer segment to use Internet services. Additionally, consumers are accustomed to shopping through websites or apps that provide utmost convenience and transparency, resort to online food delivery options and expect the same experience when it comes to ordering food.
Online On-Demand Food Delivery Services Market Segmentation
The Online On-Demand Food Delivery Services market is segmented based on Application & product type. Type Segmentation (Order-focused food delivery services, Logistics-focused food delivery, services), Industry Segmentation (Commercial users, Individual users)
Based on geographies Online On-Demand Food Delivery Services market has been analyzed as:
North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy), Other Country (Middle East, Africa, GCC)
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