November 11, 2019 by Jason Lee
The research report titled India Online Food Delivery Market (2018-2023) has been recently broadcasted a new study to its research portfolio by Facto Market Insights. The study discusses the prime market growth factors along with future projections expected to impact the India Online Food Delivery Market during the period between 2018 and 2023. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market dynamics, which are projected to change during the stated forecast period. Furthermore, the report examines the target market based on market size, revenue and geography; making it quite useful for the readers.
The meaning of foodtech has evolved over the years. Earlier, it referred to food processing and the technology used for its manufacturing. Now, it pertains to the online food ordering and delivery services market. Adequate funding and investments in this market space have enabled companies to provide online food delivery services that have never been seen before.
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The popularity of online food delivery service can be attributed to the several benefits it provides, such as food delivered to the doorstep of the customer, various payment options, attractive discounts, rewards, and cashback offers. Restaurants and cafes also find it profitable to sell their food through online mediums since it reduces a significant amount of operational overheads. College students, working couples and office goers are the key target audience of foodtech companies.
More than 80% of the orders that come on these online food delivery platforms are from the top five Indian cities, out of the 20 where they are active. The report online food delivery market in India (2018-2023) takes a look at the current market scenario, its segmentations, drivers and deterrents of growth, investments, the competitive landscape, and recent developments.
Key growth factor:
o Higher disposable income, families with Double-Income-No-Kids (DINKS), a greater number of people with access to internet, and increased smartphone are some of the major factors that are leading to the growth of the online food delivery market in India.
What’s covered in the report?
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Table of Contents
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 4: Indian online food delivery market - overview
Chapter 5: Indian online food delivery market - segmentation
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