Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The "India Online Food Delivery Market Forecast Report by Type, Payment, Cuisine, Cities and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering.
India Online Food Delivery Market is expected to reach US$ 43.47 billion in 2024 to US$ 265.12 billion by 2033, with a CAGR of 22.25 % from 2025 to 2033
Rapid digitalization, rising internet and smartphone usage, and shifting lifestyles that favor online food delivery are driving the expansion of the Indian online meal delivery market. The convenience it provides, the range of cuisines it offers, and the rise in marketing initiatives by the major companies are further factors contributing to the market's expansion. In addition, the growing number of double-income households, busy white-collar workers, and younger people with more disposable incomes are all contributing to the growth of the online meal delivery sector in India. 
Online meal delivery makes it easier for people to order and have the food items they want delivered right to their door. It entails perusing the application or website, choosing from a large selection of cuisines, and paying using various methods. The user is informed by the website or application about how long food preparation and delivery should take. The demand for these services is rising in India as a result of these features combined with qualities like delivery convenience, speed, and accuracy.
The market is expanding at the moment due to rising smartphone sales and easier access to high-speed internet facilities. This is driving the expansion of the online meal delivery business in India, along with the country's expanding working population and rising income levels. Despite the fact that the majority of the players are based in the nation's metropolis, Bangalore, Delhi, and Mumbai being the three biggest markets, vendors are increasingly focusing on smaller cities due to their significant growth potential. Additionally, the country's demand for online food delivery services is growing due to the growing trend of on-the-go food items and quick home delivery models that provide ready-to-eat (RTE), affordable, and convenient meal delivery options.
Additionally, some of the major companies, like Zomato, McDonald's Corporation, and Domino's Pizza Inc., have implemented contactless delivery services in response to the growing number of COVID-19 cases. These services guarantee that the food is delivered safely with appropriate social distancing measures and that the customer does not come into contact with it with bare hands.
Growth Drivers for the India Online Food Delivery Market
Smartphone Adoption and Digital Penetration
The quick rise in smartphone uses and digital penetration is one of the main factors propelling India's online meal ordering and delivery business. More Indians are now able to access the internet thanks to the introduction of reasonably priced smartphones and easily available data plans. People may now conveniently order meals through websites or smartphone apps, which has completely changed the way people order food.
In 2021, there were over 624 million smartphone users in India, and the number is still rising, according to a report by the Internet and Mobile Association of India (IAMAI). The online meal delivery industry gains from a wider consumer base and higher levels of engagement as more people adopt digital platforms.
Additionally, a variety of customers, including tech-savvy millennials and older generations, find ordering meals online to be an appealing alternative due to the convenience and user-friendly interfaces of food delivery apps. The sector has grown as a result of this change in consumer behavior brought about by convenience.
Innovation and Partnerships in Restaurants
The strategic alliances between food delivery platforms and eateries are another important factor propelling the expansion of India's online food ordering and delivery business. Food aggregators such as Swiggy and Zomato have partnered with a wide variety of restaurants, from neighborhood eateries to well-known franchises. These collaborations provide customers a wide range of menu options to suit a variety of tastes and inclinations.
Additionally, the industry's ongoing innovation has improved consumer experiences, shortened delivery times, and improved delivery logistics. Customers now find online meal ordering more alluring thanks to features like contactless delivery, real-time tracking, and enticing discounts. In turn, restaurants gain from the wider audience and better exposure that these platforms provide.
Furthermore, the sector has taken on a new dimension as a result of the deployment of cloud kitchens, sometimes referred to as ghost kitchens. Restaurants can more effectively fulfill online orders thanks to cloud kitchens that are geared for meal delivery. Even in places with few dining options, the quick growth of meal delivery services has been made possible by this creative strategy.
India Online Food Delivery Market Overview by Regions
Metro areas like Delhi, Mumbai, Bangalore, and Hyderabad lead India's online meal delivery sector, driven by demand from urban lifestyles and high disposable incomes. Due to shifting consumer patterns and rising internet penetration, Tier 2 and Tier 3 cities are also expanding quickly. An overview of the market by region is given below:
North India Online Food Delivery Market
The internet meal delivery business in North India is expanding rapidly, driven by places like Delhi, Chandigarh, Jaipur, and Lucknow. Convenient fast-food options are in increasing demand due to urbanization, changing consumer lifestyles, and increased disposable incomes. With a large number of restaurants and cuisines at customers' fingertips, Delhi, a key hub, leads the way in the adoption of online meal delivery. A greater number of people can now use food delivery services thanks to rising smartphone usage and internet penetration. Further propelling market expansion in North India is the emergence of regional businesses and food aggregators like Swiggy and Zomato.
South India Online Food Delivery Market
With cities like Bangalore, Chennai, Hyderabad, and Kochi leading the way, South India's online meal delivery sector is growing quickly. The market is mostly driven by the region's increasing middle class, high internet penetration, and robust tech presence. Busy lifestyles and the ease of ordering from a variety of cuisines are driving an increase in demand for varied meal delivery alternatives in urban regions, especially Bangalore.
Local businesses and smartphone apps like Swiggy and Zomato have been quickly adopted, and delivery from both restaurants and cloud kitchens is becoming more and more common. Growing customer preferences for quick, simple, and varied meal alternatives, together with alluring discounts and promotions, are contributing factors to South India's increasing propensity for online food ordering.
India Online Food Delivery Company Analysis
The major participants in the India Online Food Delivery market includes Zomato, Swiggy, Jubiliant Foodworks Ltd., Yum Brands Inc., Uber Eats, Dominos, McDonalds, etc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 75 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $43.47 Billion |
| Forecasted Market Value (USD) by 2033 | $265.12 Billion |
| Compound Annual Growth Rate | 22.2% |
| Regions Covered | India |
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
4.3 Opportunities
5. India Online Food Delivery Market
6. Market Share Analysis
6.1 By Type
6.2 By Payment
6.3 By Cuisine
6.4 By City
7. Type
7.1 Platform to consumer
7.2 Restaurant to consumer
8. Payment
8.1 Cash on Delivery
8.2 Online
9. Cuisine
9.1 Fast Food
9.2 Indian
9.3 Chinese
9.4 Italian
9.5 Others
10. Cities
10.1 Bangalore
10.2 Delhi NCR
10.3 Mumbai
10.4 Hyderabad
10.5 Pune
10.6 Others
11. Porter's Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Overview
13.2 Key Persons
13.3 Product Portfolio
13.4 Recent Development & Strategies
13.5 Revenue Analysis
- Zomato
- Swiggy
- Jubiliant Foodworks Ltd.
- Yum Brands Inc.
- Uber Eats
- Dominos
- McDonalds
For more information about this report visit https://www.researchandmarkets.com/r/zij05y
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