US$ 118.5 Bn | China Online Food Delivery Market 2022-2027: CAGR of 12.1% – Blackswan Real Estate

According to the latest report by IMARC Group, titled “China Online Food Delivery Market 2022: Industry Trends, Share, Size, Growth, Opportunity and Forecast Till 2027,” The China online food delivery market reached a value of US$58.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach $118.5 Billion by 2027exhibiting at a CAGR of 12.1% during 2022-2027. Online food delivery service is an e-commerce based service that provides an opportunity for the customers to order food from a food cooperative or restaurant via a mobile app or webpage.both the buyer and seller to enjoy their desired services without the hassle of visiting any store or restaurant. It helps in saving money and time while providing hassle-free services for the consumers by bringing services closer to them. Some of the best online food-delivery companies in China include Baidu Waumai, Ele. me, DiDi Food, Meituan Dianping, and others.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Some of the Leading Key Players in Online food Delivery Industry In China:

  • ele.me
  • Meituan Dianping
  • ENJOY
  • Daojia
  • home cook
  • Others

China Online Food Delivery Market Trends:

The market in China is primarily driven by the expanding consumer base in the country. This, along with the growing consumption of fast food among the masses, is significantly contributing to the market growth. Furthermore, the high economic growth and the growing population rates across the country are propelling the market growth. Apart from this, the increasing penetration of the high-speed internet and smartphones is positively influencing the demand for online food delivery services in the country. Moreover, a hectic life schedules led by the masses and their coupled with the changing shifting dietary preferences food consumption pattern of the consumers is also providing a boost to the market growth. Besides this, attractive discounts and vouchers offered by the key market players are catalyzing the market growth. Additionally, China’s large young population along with the increasing demand for packaged food is creating a positive outlook for the market.

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China Online Food Delivery Market 2022-2027 Analysis and Segmentation:

Breakup by Platform Type:

  • Mobile Applications
  • website

On the basis of the platform type, the market has been bifurcated into mobile applications and websites.

Breakup by Business Model:

  • Order Focused Food Delivery System
  • Logistics Based Food Delivery System
  • Full Service Food Delivery System

Based on the business model, the market has been divided into order focused, logistics based and full service food delivery systems.

Breakup by Payment Method:

On the basis of the payment method, the market has been classified into online and cash on delivery.

Breakup by Region:

  • guangdong
  • Jiangsu
  • Shandong
  • Zhejiang
  • Henan
  • Others

On the geographical front, the market has been segmented into Guangdong, Jiangsu, Shandong, Zhejiang, Henan and others.

Key Highlights of the Report:

  • Market Performance 2016-2021
  • Market Outlook 2022-2027
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • value-chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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