Rise in middle class population coupled with changing lifestyle of the people in India to fuel India Online Food Ordering and Delivery Market through 2024
According to TechSci Research report, “India Online Food Ordering and Delivery Market By Operation Type, By Source, By Payment, Competition, Forecast & Opportunities, 2024”, India online food ordering and delivery market is predicted to grow at a CAGR of over 7% on the back of rising disposable income, increasing penetration of internet and usage of smartphones. Moreover, restaurants and cafes are showing inclination towards online sale of their food items as it significantly reduces operational overheads.
Browse xx market data Tables and xx Figures spread through xx Pages and an in-depth TOC on “Global India Online Food Ordering and
terms of payment, India online food ordering and delivery market is categorized
into mobile wallet, card payment, cash on delivery and net banking. Among these
payment modes, cash on delivery dominated India online food ordering and
delivery market in 2018. The growth of cash on delivery payment category can be
attributed to the fact that people, in India, while making online payments, are
skeptical of the process and mechanism they have to go through while making a
payment online. However, with increasing security features being provided by
various banks while making online transactions is gaining customer’s trust
which is anticipated to increase the market share of other payment methods. The
card payment category is predicted to grow at a decent pace during forecast
period owing to increasing preference towards using plastic money, after the
government’s announcement of incentives on the use of debit/credit cards in the
country wherein, service charges and surcharge will not be applicable while
making payment through debit/credit cards. Moreover, reward points and grace
period are other factors encouraging the use of card payment in India.
Regionally, India online food ordering and delivery market
is categorized into North, South, East and West. Among the regions, the
southern part of the country accounted for a significant portion of the Indian
market in 2018. The growth of the southern region is due to the presence of
large number of students and working professionals from other regions of the
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“India online food ordering and delivery market is expected
to offer tremendous potential for growth over the course of next five years.
The growth of the market is majorly due to the discounts, cashbacks, coupons
and deals that a user can avail while ordering food online. Moreover, growing
investments in online food ordering and delivery market is further positively influencing
the growth of the market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Online Food
Ordering and Delivery Market By Operation Type, By Source, By Payment,
Competition, Forecast & Opportunities, 2024”, has evaluated the future
growth potential of India online food ordering and delivery market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India online food ordering and delivery market.
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