China Online Food Delivery Market to Reach US$ 118.5 Billion by 2027 | CAGR of 12.1%

According to the latest report by IMARC Group, titled “China Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The China online food delivery market reached a value of US$ 58.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 118.5 Billion by 2027, exhibiting at a CAGR of 12.1% during 2022-2027. Online food delivery service is an e-commerce based service that provides an opportunity for to the customers to order food from a food cooperative or restaurant via a mobile app or webpage. both the buyer and seller to enjoy their desired services without the hassle of visiting any store or restaurant . It helps in saving money and time  while providing hassle-free servicesfor the consumers by bringing services closer to them. Some of the major online food -delivery companies in China include Baidu Waumai, Ele. me, DiDi Food, Meituan Dianping, and others.

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Some of the Leading Key Players in Online food Delivery Industry In China:

  • Ele.me
  • Meituan Dianping
  • ENJOY
  • Daojia
  • Home-cook
  • Others

China Online Food Delivery Market Trends:

The market in China is primarily driven by the expanding consumer base in the country. This, along with the growing consumption of fast food among the masses, is significantly contributing to the market growth. Furthermore, the high economic growth and the growing population rates across the country are propelling the market growth. Apart from this, the increasing penetration of the high-speed internet and smartphones is positively influencing the demand for online food delivery services in the country. Moreover, a the hectic life schedules led by the masses and their  coupled with the changing shifting dietary preferences food consumption pattern of the consumers isare also providing a boost to the market growth. Besides this, attractive discounts and vouchers offered by the key market players are catalyzing the market growth. Additionally, China’s large young population along with the increasing demand for packaged food is creating a positive outlook for the market.

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Key Market Segmentation:

Breakup by Platform Type:

  • Mobile Applications
  • Websites

Breakup by Business Model:

  • Order Focussed Food Delivery System
  • Logistics Based Food Delivery System
  • Full Service Food Delivery System

Breakup by Payment Method:

  • Online
  • Cash on Delivery

Breakup by Region:

  • Guangdong
  • Jiangsu
  • Shandong
  • Zhejiang
  • Henan
  • Others

Key Highlights of the Report:

  • Market Performance 2016-2021
  • Market Outlook 2022-2027
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note- If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report. We deliver report with-in 24 hours.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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