India is a developing country and in the recent years
it has developed a lot with the growing industrialization and significant
increase in the disposable income. Currently, the market of online food in
India is at its nascent stage with the effective introduction of numerous
applications which can be used by the smart phones with a simple installation.
The word foodtech in India has evolved over the years.
Earlier, it referred to food dispensation and the technology used for its
introducing. In the recent years, it concerns to the online food ordering and
delivery services market. Adequate funding and investments in this market space
have empowered companies to serve online facilities that have been seen before.
Furthermore, many of the key players are playing an important for making more
developments in the applications for serving in an efficient manner which lead
the market growth in the forecasted period and provide better consumer
satisfaction.
According to the report analysis, ‘India Online Food Delivery Market
(2018-2023)’ states that some of the major key players which are
recently functioning in this market for doing more upgradation in the online
food delivery apps for providing better consumer satisfaction and accomplishing
the growing demand for food on the online food delivery apps from the potential
consumers include Bundl Technologies Private Limited, Zomato Media Private
Limited, Pisces Eservices Private Limited, Faaso's Food Services Private
Limited, Food Panda, Foodvista India Private Limited, UberEats and several
others. In addition, the attractiveness of online food delivery facility can be
recognized to the several benefits it serves, likewise food delivered to the
doorstep of the consumer, numerous payment options, attractive discounts,
cashback offers and rewards. Reputed restaurants and cafes also find it
beneficial and profitable to sell their food with the online platform since it
decrease a significant amount of operational overheads. Majorly, the college
students, working couples and office goers are the key target consumers of
foodtech enterprises.
Increase in the disposable income, families with Double-Income-No-Kids
(DINKS), a huge number of people with the access to internet, and growing usage
of smartphones are some of the major key factors that are leading the market
growth of the online food delivery market in India. Meanwhile, Foodpanda,
Swiggy, Faasos and Zomato are recently among the top-rated food ordering
aggregators operating in the Indian market. Moreover, more than 80% of the
order that some on these online food delivery platforms are from the top five
Indian cities likewise Bengaluru, Mumbai, Delhi, Pune, and several others out
of the 20 where they are active. Furthermore, many of the key players are
investing more in the development of this market and for leading the fastest growth
in the reviewed period in India. With the effectiveness and applications of
this market, the new entrants are willing to invest in this for making the
profit which proved to be beneficial for both the consumer and the investors.
Therefore, in the coming years, it is expected that the market of India online
food delivery will grow more actively in the near future with the significant
development and investment.
For more
information on the research report, refer to below link:-
https://www.kenresearch.com/food-beverage-and-tobacco/food-services/india-online-food/172306-11.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
