Food is one of those things that will never go out of demand. It is not only a fundamental necessity of life, but we all have the occasional desire to eat our favorite meals. It can bring a smile to a person’s face or make them frown. People are busy and want to save time. One of the best services that has saved people hundreds of thousands of hours and eliminated the stress associated with cooking meals is the online food delivery service. People prefer ordering from their own homes rather than going out to eat. This is why on-demand food delivery apps are so popular. The growth in the market for on-demand food delivery is due to the large percentage of Indian youth. Technology has also pervaded many industries, bringing products online, including clothing, essential items, and furniture accessories. Online shopping has become so popular that it was only natural that there would be an increase in demand for food delivery apps. Let’s dive deeper into the market for on-demand food delivery and its prospects.
By 2022, the online food market in India is projected to reach $8 billion, expanding at a CAGR of 25–30%. In the past few years, the food technology sector has increased by nearly 6 times. The survey also notes that good deals and convenience were the two main factors in the country’s frequent usage of instant meal delivery apps, with a diversity of cuisines coming in second.
On-demand meal delivery applications were only a matter of time given the growing influence and popularity of online shopping. Let’s examine the possibilities for and growth of the on-demand food delivery sector in more detail.
Market Size
A new report from India Online Food Delivery Market Analysis shows that the Indian online food delivery market has surpassed USD 2.92 billion by 2019.
These on-demand food delivery services initially targeted cities such as Delhi, Mumbai, and Bangalore. They have since expanded their online delivery service to other cities after gaining great success with online food delivery and increasing their profit margins. Due to the increasing availability of the internet, and consequently connectivity, the online food market is seeing an increase in demand and users. On-demand food delivery apps promise to deliver the highest quality food and maintain hygiene to increase their user base. IMARC Group predicts that the market will grow at a 27.2% CAGR between 2020-2025.
8 Best Food Delivery Services in India
1. Zomato
Zomato is a pioneer in the delivery of on-demand food. Deepinder Goyal founded Zomato in 2010 after it was rebranded from Foodiebay, a food directory website. Zomato currently has partnerships with more than 1.4 million restaurants in 24 countries. According to the market analysis for food delivery, it has expanded into 213 cities across India. Zomato is a preferred food delivery app that delivers on demand. It allows customers to find fine restaurants and easy takeaways as well as book tables. These things can now be assisted by restaurant chatbots. With its regular delivery services, the app has seen a significant increase in online food delivery.
2. Swiggy
A market analysis of Indian food delivery markets shows that Swiggy first entered the Indian market in 2014. It started its services in Koramangala (a suburb of Bengaluru). Swiggy was considered a late entry into the online food market. Zomato, the leading company in online food delivery, was flourishing at that time. Swiggy’s on-time delivery service gained popularity in just four years. Zomato was forced to catch up. Swiggy’s success can be attributed to the fact that its founders focused on making it a user-friendly app. Swiggy doesn’t have a minimum order policy, which is a huge advantage for the app. According to the market analysis for food delivery, Swiggy delivers faster than competitors such as Zomato and Food Panda. Swiggy currently has a market value of $3.6 million which can be seen in its growth in the food delivery market.
3. UberEats
UberEats was able to quickly gain popularity by launching on the market with support from UberEats, its parent company. They started their journey in Mumbai with a partnership with more than 200 restaurants, including The Bohri Kitchen and Le15. Uber has created a space in the market by providing both transportation and food delivery services.
4. Food Panda
Ralf Wenzel, Germany, and Benjamin Bauer, Germany introduced Food Panda in 2012 as an on-demand food delivery service. Food Panda operates through its website. It also goes under the name Hellofood in South America and Africa. FoodPanda offers a variety of restaurants with cuisines from Asia and Europe. FoodPanda also offers delicious dishes for those who don’t want to gain extra weight.
5. Deliveroo
Deliveroo, a London-based startup, was founded in 2013 by Greg Orlowski and Will Shu. It has expanded its reach to more than 200 cities across the UK, France, and Spain. It also operates in Hong Kong, Hong Kong, Italy, Spain, Italy, and Spain. They received a lot of support from other countries and are now planning to travel to India in the coming year. Indians will love and accept the amazing services.
6. Eat Fit
Eat Fit is a Bengaluru-based application that provides healthy food options to customers. The app allows for on-demand delivery of food. It offers healthy and tasty options that are low in calories. Eat Fit offers free sessions and yoga for all levels, from beginner to expert.
7. Dunzo
Dunzo, an app that delivers food on demand, was founded in 2014. It provides groceries and pet supplies to customers. Dunzo also offers a Gurgaon Bike-Taxi service. This allowed the app to grow its food delivery market. The app is available in major cities such as Bangalore, Delhi and Mumbai, Hyderabad, Pune (and many others), Jaipur, Jaipur, Pune, Hyderabad, Pune, Pune, Jaipur, and so on.
8. Domino’s
The famous Domino’s is well-known. The name alone is enough to make most people salivate, regardless of whether they are ordering their favorite hot choco lava cakes or their exotic cheese burst pizza. Domino’s is primarily a call-and-order service. This old player has also entered the on-demand food delivery market, as the trend towards on-demand delivery apps has overtaken them. The on-demand food delivery app has reportedly brought in good revenue.
Conclusion
This is not the end of the on-demand food delivery apps. Many more are available, including Pizza Hut and GrubHub as well as Potafo and Seamless. Many services and applications thrive in the market for on-demand food delivery. There is a lot of information available and many new players are expected to enter the market. WhiteLabelFox is a great place to start if you’re looking to get into the on-demand food delivery business. We will guide you in your quest to build a suitable online platform for your business and create an application that will allow you to gain a top position in the food industry.
