India Online Food Delivery Market by Delivery Type, Companies, Forecast By 2026
India Online Food Delivery Market will be US$ 21.41 Billion by 2026. Forecast by Delivery Type (Aggregator, Cloud Kitchen), City, Ordering Platform, Cuisine, Ordering Frequency & Company Analysis.
By: Renub Research
Online food delivery is the system in which customers can order food and receive desired food products at the doorstep. It involves software that allows restaurants to accept and manage orders placed over the internet. Indian customers have the option to choose from a wide variety of cuisine's options of different restaurants while browsing the website sitting at home. In India, market players are mainly concentrated in the country's urban regions like Mumbai, Delhi, Bangalore, Delhi, and Mumbai. However, vendors are now also targeting smaller cities, as they have strong growth potential. The Online Food Delivery Market in India was worth US$ 4.66 Billion in 2020.
Online food delivery works on two delivery types i.e. Aggregator & Cloud Kitchen. The Food Aggregators allow consumers to compare and order their meals from different restaurants through a single app. It is more prevalent in India than Cloud kitchens as cloud kitchens are commercial facilities purpose-built to produce food specifically for delivery. According to our study, India Online Food Delivery Industry will grow at a staggering CAGR of 28.94% during 2020-2026.
Factors that are propelling India's online delivery market are changing lifestyle and eating habits. Hectic schedule and growing disposable income in India pushes people towards ready-to-eat food at a cheaper rate.
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