Top Online Food Delivery Companies in India (2023) | IMARC Group

India Online Food Delivery Industry Overview:

Online food delivery refers to those services that help consumers in ordering and receiving food products at their doorstep. It includes browsing the applications, selecting from numerous cuisines available, and making payments through different methods. In addition, these apps give updates to the user about the expected duration of food preparation and delivery. As a result, they are gaining traction among people and food service providers across the country.

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How Big is India Online Food Delivery Market:

  • Market Size Value in 2022: US$ 28.4 Billion in 2022
  • Industry Revenue Forecast in 2028: US$ 118.2 Billion
  • Growth Rate: CAGR of 27.8%
  • Base Year Of Estimation: 2022
  • Historical Data: 2017-2022
  • Forecast Period: 2023-2028

India Online Food Delivery Industry Driving Factors and Future Demand Analysis:

The increasing access to high-speed internet facilities and the rising sales of smartphones are among the key factors driving the India online food delivery market. Moreover, the growing working population and inflating income levels of individuals are also stimulating the market growth. Besides this, the key market players are targeting smaller cities that have strong development potential, which is acting as another significant growth-inducing factor.

Furthermore, the emerging trends of on-the-go food items and quick home delivery models that offer convenient, ready-to-eat, and cheaper food-supplying options are further propelling the market growth across the country. Apart from this, the increasing discounts and cashback offers provided by online apps are positively influencing the market growth.

Additionally, the rising utilization of these services by the masses, as they give several choices in food items available on their smartphones that can be quickly delivered to their doorsteps, is also fueling the market growth across the country. In addition to this, the introduction of online supplying services by leading food aggregators, on account of the sudden outbreak of the coronavirus disease (COVID-19) pandemic, is further driving the market growth. Moreover, the growing urbanization and the increasing westernization in food culture are anticipated to fuel the India online food delivery market over the forecasted period.

Top Online Food Delivery Companies in India:

  • Zomato
  • Swiggy (Bundl Technologies Private Limited)
  • Foodpanda
  • Faasos
  • Domino's

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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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