JUNE 02, 2020: The impact of the coronavirus (COVID-19) is being felt on Online Food Delivery Market by all businesses around the world. Leaders are navigating a broad range of interrelated issues that span from keeping their employees and customer safe, shoring-up cash and liquidity, reorienting operations and navigating complicated government support programs.
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| Online Food Delivery Market |
The meaning of food tech has evolved over the years. Earlier, it only referred to the technology used for food processing. Now, it pertains to online food ordering and delivery services. Adequate investments in this market space have enabled companies to provide Online Food Delivery services that were previously non-existent. The Online Food Delivery industry of India, which is the part of the e-services market, has two different delivery service solutions meant for prepared meals – restaurant-to-customer delivery system, and platform-to-customer delivery system. The service providers operate in any of the following four models: milk run model, hub and spoke model, point to point delivery model, and decentralized delivery network.
Market insights:
The Online Food Delivery market in India was valued at INR 45.58 Bn in 2017 and is expected to expand at a compound annual growth rate (CAGR) of ~38.08% from 2018 to 2023. Metropolitan cities like Bengaluru, Delhi, Mumbai, Pune, Kolkata, Chennai, and Hyderabad accounted for ~87% of the overall Online Food Delivery market in India in 2017. Among the major players, Bengaluru-based Online Food Delivery player, Swiggy is currently the market leader constituting of ~36.5% of the market, followed by Zomato. The percentage of daily orders fulfilled by the self-owned delivery fleet of companies has increased from ~46% to ~56% and the average delivery time of the overall market improved from 47 minutes to 42 minutes during the period Q4 of 2016 to Q4 of 2017.
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State-wise segment insights:
Based on the volume of food ordered online in 2017, Bangalore accounts for a ~31% share in the entire market. It is followed by Delhi NCR (~19%), Mumbai, Hyderabad, and Pune.
Daily order volume insights:
Considering the business of online food aggregators, as of March 2018, Swiggy has handled ~200,000 orders, and Zomato has handled ~180,000 orders. Foodpanda and UberEats are the other two competitors with order handling volume of ~30,000 and ~15,000 respectively.
Key growth drivers of the market:
Amongst the ~1.35 Bn population in India, 50% fall under the age of 25 years while half of the rest falls under the age of 35 years, thus representing one of the youngest populations of the world. Since the majority of demand comes from the age group between 18 and 40, India has emerged as a market with a high opportunity for growth.
India’s per capita income has shown a growth of ~8.6% for the fiscal year ending in March 2018. As a result, Indians are gaining a high purchasing power which in turn is paving the way for the growth of Online Food Delivery market in the country.
Key deterrents to the growth of the market:
The continuous entrance of new players in the Online Food Delivery market is leading to the fragmentation of the customer base. As a result, the volume of sales of the entire market is getting distributed among a number of players, thus reducing the revenue share of a particular Online Food Delivery service provider.
Many e-commerce firms are showing a tendency of entering into the Online Food Delivery market because of its excellent business opportunity. Therefore the entrance of the big restaurant and fast food chains and e-commerce companies to the Online Food Delivery market is making the competition for the smaller firms and start-ups steeper.
Companies covered:
• Bundl Technologies Pvt. Ltd. (Swiggy)
• Faasos Food Services Pvt. Ltd.
• Holachef Hospitality Pvt. Ltd.
• Zomato Media Pvt. Ltd.
• Foodpanda India
• Uber Technologies, Inc. (UberEats)
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Table of Contents
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Online Food Delivery market definition and structure
3.2. Online Food Delivery market logistics process and system structure
3.3. Online Food Delivery business models – overview
3.4.1. Traditional delivery models
• Milk run model
• Hub and Spoke model
3.4.2. Modern delivery models
• Point to point delivery model
• Decentralized delivery network
Chapter 4: Global Online Food Delivery market
4.1. Market overview
4.2. Share of food delivery market – online vs offline (2016-2017)
4.3. Country-wise penetration of Online Food Delivery (2016)
• United Kingdom
• United States of America
• China
• India
• India
Chapter 5: India Online Food Delivery market
5.1. Market overview
5.2. Online Food Delivery market size and growth forecast – value-wise (2018-2023e)
5.3. Key market features and trends
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Market Outlook
Growing Consumer Focus on Online Food Delivery Market:
On the basis of distribution, the global Online Food Delivery Market segmented as,
- Business to Business
- Business to Consumer
- Convenience Stores
- Super Markets/ Hypermarkets
- Online Stores
- Specialty Stores
- Others
Opportunities for market participations in the Global Online Food Delivery Market:
Increased demand for Online Food Delivery globally is driven by socio-economic changes such as rising incomes, increased urbanization, and aging population. Online Food Delivery Market have shown positive long term demands, with worldwide increases in the average of global Online Food Delivery supply. China, USA, India, Japan, Ireland are the fastest growing economies having more requirements for Online Food Delivery.
Overview of the Report
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain
- Market Drivers and Restraints
The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
- East Asia (Japan, South Korea, and China)
- South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
- Oceania (Australia, and New Zealand)
- The Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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