JM Financial reports that restaurants in India generate around a third of their revenue through food delivery platforms Zomato and Swiggy.
The online food delivery market volume in India is estimated to reach $81.9 Bn by 2028, growing at a CAGR of 19.7% during 2023-2028
According to a Statista report, the number of users across the meal delivery market in India is estimated to reach 346.6 Mn by 2028
In 2023, the most popular search terms in the healthy food category on Swiggy were foxtail, buckwheat, jowar, bajra, ragi, rajgira, and amaranth.
In 2023, during all nine days of Navaratri, Masala Dosa was the most ordered vegetarian dish on Swiggy.
In 2023, Swiggy Guiltfree experienced a substantial increase of 146% in vegan orders.
The top three most ordered food items on Zomato in 2023 were biryani, pizza, and noodle bowls.
By 2033, India's potential food delivery service user base is projected to exceed 150 million, with the market value rising from $US7 billion in 2022 to $US25 billion. However, market penetration will increase only slightly from 7% to 10-13%
Restaurants, grappling with higher input costs and narrow margins due to hefty platform fees, must focus on increasing order volumes, enhancing platform collaboration, optimizing sourcing, and considering revenue diversification to reduce costs.
India's online food delivery market penetration stands at just 7%, much lower than China's 50% and the US's 35%. However, rising disposable incomes, changing habits, and increased tech access are expanding the market.
India's median age of 28, younger than China and the US's 38, positions it as one of the youngest populations globally, leading to a higher acceptance of delivery food and greater inclination towards online ordering.
JM Financial reports that restaurants in India generate around a third of their revenue through food delivery platforms Zomato and Swiggy.
The online food delivery market volume in India is estimated to reach $81.9 Bn by 2028, growing at a CAGR of 19.7% during 2023-2028
According to a Statista report, the number of users across the meal delivery market in India is estimated to reach 346.6 Mn by 2028
In 2023, the most popular search terms in the healthy food category on Swiggy were foxtail, buckwheat, jowar, bajra, ragi, rajgira, and amaranth.
In 2023, during all nine days of Navaratri, Masala Dosa was the most ordered vegetarian dish on Swiggy.
In 2023, Swiggy Guiltfree experienced a substantial increase of 146% in vegan orders.
The top three most ordered food items on Zomato in 2023 were biryani, pizza, and noodle bowls.
By 2033, India's potential food delivery service user base is projected to exceed 150 million, with the market value rising from $US7 billion in 2022 to $US25 billion. However, market penetration will increase only slightly from 7% to 10-13%
Restaurants, grappling with higher input costs and narrow margins due to hefty platform fees, must focus on increasing order volumes, enhancing platform collaboration, optimizing sourcing, and considering revenue diversification to reduce costs.
India's online food delivery market penetration stands at just 7%, much lower than China's 50% and the US's 35%. However, rising disposable incomes, changing habits, and increased tech access are expanding the market.
India's median age of 28, younger than China and the US's 38, positions it as one of the youngest populations globally, leading to a higher acceptance of delivery food and greater inclination towards online ordering.
JM Financial reports that restaurants in India generate around a third of their revenue through food delivery platforms Zomato and Swiggy.
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