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The Online Food Delivery market is anticipated to grow with a CAGR of 7.8% over the forecast period of 2019-2028. Online food delivery is a method to order food from an online site. A food delivery site generally collaborated with a restaurant that receives the food order, and the site is designed to works as a connection between the restaurant and the customers. This service is widely being used across the globe due to the easy order and feasibility of the services. The growing number of workings class people across the globe are expected to drive the market widely. Furthermore, various students at the hostels and younger teenagers widely use online food delivery services and are fueling market growth. Food delivery services also make it easy for restaurants to reach a wide audience, and hence this actor is expected to drive the market immensely in the future.
Top Driver: Increasing Adoption of Food Delivery Servies to Fuel the Market
The Food delivery services are highly anticipating services used by various classes of people, including the working class, students, and teenagers—the market i in huge demand due to such popularity. Moreover, the easy delivery methods and faster services have brought these services in huge demand due to which the market is expected to witness huge growth in the forecast period. Also, the increasing disposable income across the globe is also a primary factor that these services are rising in demand and are propelling the market extensively.
The Traditional Delivery Model Occupied the Largest Market
On the basis of delivery mode, the market is segmented into a traditional delivery model, aggregators, and new delivery model. The traditional delivery model occupied the largest market share owing to its easy application and use strategy for restaurants as well as customers. The new delivery model is gaining popularity among younger adults and is highly anticipated to witness growth in the future. The increasing adoption of a new delivery model among new entrants in the market is expected to dive into the segment intensely in the forecast period.
Asia Pacific to Witness High Growth in the Forecast Period
The Asia Pacific region is expected to witness huge growth in the market. Such high growth is attributed to factors such as rising demand for food delivery services in the region, increasing disposable income of people, new entrants entering the market, and rising working-class people across the region. North America attributes to a huge market share owing to the presence of various key players in the regional and high technological advancements. also, the inclination of people towards ordering food due to busy lifestyles is expected to be a primary driver regionally. Europe witnessed a steady growth in the market.
Players to Focus on Expanding Business with Strategic Collaborations
The global Online Food Delivery market is expected to grow with a significant CAGR due to presence of various companies including, Delivery Hero, Deliveroo, Foodpanda, Grub Hub, Takeaway.com., Uber, Zomato Media Private Limited, Swiggy (Bundl Technologies Private Limited) and others which are developing new products to drive the market growth.
The increasing demand for food delivery services has triggered the new entrants to enter the market. However, the key players of the market are quite established and are expected to be tough competition fo the new entrants.
Just Eat Takeaway: Recently in June 2020, Just Eat Takeaway acquired Grubhub for 7.3 billion dollars. The merger has allowed Just Eat Takewayd to establish itself in the US, and both the companies are expected to set record-breaking profit in the coming years.
Scope of the Report
By Delivery Mode
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Food Flavors Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Food Flavors Market -Industry Snapshots
6.1.1 Global Food Flavors Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Food Flavors Market Analysis, by Type
7.2 Key Findings for Food Flavors Market- By Type
7.2.1 Food Flavors Market- Chocolate & brown
Food Flavors market by Type 1, 2019 – 2028 (USD Million)
7.2.2 Food Flavors Market- Vanilla
7.2.3 Food Flavors Market- Fruit & nut
Chapter 8 Global Food Flavors Market Analysis, by Origin Type
8.2 Key Findings for Food Flavors Market- By Origin Type
8.2.1 Food Flavors Market- Natural
8.2.2 Food Flavors Market- Natural-identical
Food Flavors market by Origin Type 2, 2019 – 2028 (USD Million)
8.2.3 Food Flavors Market- Artificial/Synthetic
Chapter 9 Global Food Flavors Market Analysis, by Form
9.2 Key Findings for Food Flavors Market- By Form
9.2.1 Food Flavors Market- Liquid and gel
9.2.2 Food Flavors Market- Dry
Chapter 10 Food Flavors Market Analysis by Region
10.1 Key Findings for Food Flavors Market- By region
10.2.1 Global Food Flavors Market Analysis, By Type, 2019 – 2028
10.2.2 Global Food Flavors Market Analysis, By Product Type, 2019 – 2028
10.2.3 Global Food Flavors Market Analysis, By End User, 2019 – 2028
10.3 Food Flavors Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Product Type
10.3.7 North America Market, By End User
10.4 Food Flavors Market – Europe
10.4.8 Europe Market, By Product Type
10.4.9 Europe market by, End User
10.5 Food Flavors Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Product Type
10.5.8 Asia Pacific Market, By End User
10.6 Food Flavors Market –SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Product Type
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.3 Archer Daniels Midland (ADM) (US),
12.6 International Flavors & Fragrances (US), Firmenich (Switzerland),
12.9 Taiyo International (Japan), T.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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