Product ID: SQMIG45E2185
Global Online Food Delivery Services Market Size, Share, Growth Analysis, By Type(Restaurant-to-Consumer, Platform-to-Consumer), By Channel Type(Websites/Desktop, Mobile Applications) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2185 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Global Online Food Delivery Services Market Dynamics
Drivers
Digital Transformation:
- The market’s growth has resulted from one major driver. Consumers opt to order food online as digital transformation has made it more convenient. Thanks to smartphones, whose usage has gone up in recent times, and widespread internet access, food delivery has been made much easier.
Changing Consumer Lifestyles:
- Online food delivery services have risen in demand as consumer lifestyles evolve. The rapid shifts to urban areas have resulted in hectic schedules. Here, the convenience of online food delivery is more prominent. As consumers seek fast and hassle-free dining alternatives, this market grows.
Restraints
Logistics and Delivery Costs:
- It can be expensive and complicated to maintain an efficient system of last-mile delivery. The logistic challenges that come with this feature are the guarantee of prompt deliveries, impact on food quality in transit, and managing efficient delivery fleets.
Profitability Challenges:
- The market’s fiercely competitive environment can pose a challenge to achieve profitability. This is the case for both parties in food delivery: the online provider and the restaurant. The competition often raises price differences which can lead to a lower profit margin.
Global Online Food Delivery Services Market Report Snapshots
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