Food Delivery Market size in India to grow by USD 716.53 million between 2021 and 2026; Bundl Technologies Pvt. Ltd., Diverse Retails Pvt. Ltd., among others, identified as key vendors - Technavio

NEW YORK, April 7, 2023 /PRNewswire/ -- The food delivery market in India is set to grow by USD 716.53 million between 2021 and 2026, progressing at a CAGR of 28.13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. For more insights on CAGR and YOY growth rate, Download a Sample Report 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Factors such as increasing partnerships between restaurants and food delivery service providers in India, multiple cost and operational benefits to restaurants, and growing consumer demand for convenient food ordering will offer immense growth opportunities. However, the threat from direct delivery services is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

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Frequently Asked Questions:

• Based on segmentation by order mode, which is the leading segment in the market?
  The market growth in the online order segment will be maximum over the forecast period.
   
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of 28.13% during the forecast period.
   
• Who are the top players in the market?
  Bundl Technologies Pvt. Ltd., Diverse Retails Pvt. Ltd., Domino's Pizza Inc., Dunzo Digital Pvt. Ltd., McDonald Corp., Ola Foods, Pizza Hut, Poncho Hospitality Pvt. Ltd., Rebel Foods Pvt. Ltd., and Zomato Media Pvt. Ltd. are the major market participants.
   
• What are the key market drivers and challenges?
  The increasing partnerships between restaurants and food delivery service providers in India are notably driving the market growth in India. However, the threat from direct delivery services may challenge the market growth.

Food Delivery Market in India 2022-2026: Segmentation Analysis

• Order mode 
• Online
• Offline
• Payment mode 
• Digital payment
• Cash on delivery

By order mode, the online segment will witness maximum growth in the market. There are many apps in India for food ordering, such as Swiggy, Zomato, Domino's, Faaso's, JustEat, and FreshMenu. The growing number of people living in cities has increased the popularity of these apps in India. In addition, changes in shopping preferences have propelled the sales of food products through online channels in the country.

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Food Delivery Market in India 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The food delivery market in India report covers the following areas:

• Food Delivery Market Size
• Food Delivery Market Trends
• Food Delivery Market Analysis

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Food Delivery Market in India 2022-2026: Vendor Analysis and Scope

The food delivery market in India is fragmented with the presence of many players. Players compete on factors such as the price and quality of the product. The high fixed costs and high exit barriers reduce the rivalry among the vendors. Some of the key vendors covered in the report include:

• Bundl Technologies Pvt. Ltd. - The company offers food delivery across major Indian cities through its platform, Swiggy.
• Zomato Media Pvt. Ltd. - The company offers food delivery across major Indian cities through its platform, Zomato.
• Diverse Retails Pvt. Ltd. - The company offers food delivery across major Indian cities through its platform, Eatfit.
• Domino's Pizza Inc. - The company offers fast food such as pizza, pasta, and beverages online through its delivery platform, Domino's.
• Dunzo Digital Pvt. Ltd.
• McDonald Corp.
• Ola Foods
• Pizza Hut
• Poncho Hospitality Pvt. Ltd.
• Rebel Foods Pvt. Ltd.

Food Delivery Market in India 2022-2026: Driver

The market is driven by increasing partnerships between restaurants and food delivery service providers in India. Many food delivery service providers are partnering with restaurants. This allows them to obtain customer insights and data analytics to improve the customer experience. For instance, in February 2020, Amazon announced its plans to enter the Indian food delivery market. The company has been testing its food delivery service with selected restaurant partners in Bangalore, India. Similarly, in February 2020, Swiggy introduced BrandWorks, an initiative to aid restaurant partners with good culinary capabilities and unutilized kitchen capacities to co-create delivery brands. Such developments are expected to drive the growth of the market during the forecast period.

Food Delivery Market in India 2022-2026: Challenge

The threat from direct delivery services will challenge the growth of the market during the forecast period. Many restaurants worldwide are opting to handle food delivery services on their own to ensure better branding, quality, and safety of their food products and services. It allows restaurants to have complete ownership of the data and information related to customers. Restaurants can analyze this data and customize the food based on consumer requirements. The concept of direct delivery services is gaining significance among restaurants and is expected to negatively impact the growth of the market during the forecast period.

Food Delivery Market in India 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist food delivery market growth in India during the next five years
• Estimation of the food delivery market size in India and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the food delivery market across India
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of food delivery market vendors in India

Related Reports:

• The online on-demand food delivery services market is estimated to grow at a CAGR of 24.64% between 2022 and 2027. The size of the market is forecasted to increase by USD 266.05 billion. The market is segmented by business segment (order-focused food delivery services and logistics-focused food delivery services), type (restaurant-to-consumer and platform-to-consumer), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
• The foodservice market size is expected to increase by USD 10.13 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 28.15%. The market is segmented by food service (conventional, centralized, ready-prepared, and assembly-serve), sector (commercial and non-commercial), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Order mode

• Market segments
• Comparison by Order mode
• Online - Market size and forecast 2021-2026
• Offline - Market size and forecast 2021-2026
• Market opportunity by Order mode

Market Segmentation by Payment mode

• Market segments
• Comparison by Payment mode
• Digital payment - Market size and forecast 2021-2026
• Cash on delivery - Market size and forecast 2021-2026
• Market opportunity by Payment mode

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Bundl Technologies Pvt. Ltd.
• Diverse Retails Pvt. Ltd.
• Domino's Pizza Inc.
• Dunzo Digital Pvt. Ltd.
• McDonald Corp.
• Ola Foods
• Pizza Hut
• Poncho Hospitality Pvt. Ltd.
• Rebel Foods Pvt. Ltd.
• Zomato Media Pvt. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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