India Online Food Delivery Market Opportunity And Forecast 2022-2027
November 28, 2022 ⚊ 1 Min read ⚊ Views 93 ⚊ BUSINESS
Online food delivery service providers supply cooked meals and food items that are ordered online, mainly through mobile apps, for direct consumption. Food ordered through delivery providers are delivered to customers either by a restaurant-run delivery team (for example, Domino’s), or by a platform-run delivery team (for example, Zomato). The number of online food apps is rapidly increasing. These apps allow people to order and pick up food parcels and have them delivered to their homes.
Market insights:
The online food delivery market in India was valued at INR 410.97 Bn in 2021. The market is expected to reach INR 1,845.76 Bn by the end of 2027, expanding at a CAGR of 30.00% during the 2022 – 2027 forecast period. Rapid digitalization and acceptance of online food delivery services among consumers across tier I and tier II cities are propelling the growth of the market.
