Technological advancements are rapidly disrupting a number of industries in India, and the food and beverages industry is not far behind in terms of adopting the latest technology. Major players in the food and beverages industry in India are aiming to attain more customers and get more widespread, leveraging online food delivery system. Online food delivery model is gradually reshaping the gourmet and the eatery enterprises, and transforming the way consumers are ordering and receiving food.
Why online food delivery is growing in popularity?
The online food delivery market in India is burgeoning, thanks mainly to the following reasons –
1. Growing per capita income - India's per capita income has climbed up to almost 8.6% in the fiscal year 2018. As a result, disposable income of Indians have increased, and has provided them with higher purchasing power. This in turn is paving the way for the growth of online food delivery market in the country.
2. Better customer Relationship Management – Most eateries in India believe online food ordering arrangements possess the latest and sophisticated customer relationship management. Leveraging this, restaurants are capable of providing all the expected administrations to the purchasers, right from ordering food to its conveyance at their doorsteps.
3. Enhanced consumer loyalty - A recent study revealed that 91% of online clients are using mobile applications and desktop applications to place orders, which in turn enhances the chances of retaining customer loyalty and having recurring orders at a much lower price as against dining out.
4. Tech-savvy millennial population – With 50% of the 1.35 Bn population falling under the age of 25 years and half of the remaining population aged under 35 years, India represents one of the youngest populations of the world. Owing to the fact that the majority of demand coming from the age group between 18 and 40, the online food delivery services in India looks promising and offers significant growth opportunities.
Request for Sample of this Report@ https://www.researchonglobalmarkets.com/india-online-food-delivery-market-2018-2023.html
The unique selling point of online ordering system is the convenience. However, there’s much more to the benefits it brings to both restaurants and customers, and this trend is expected to continue in the foreseeable future.
 |
| Online Food Delivery Market |
The online food delivery market in India is burgeoning, thanks mainly to the following reasons –
1. Growing per capita income - India's per capita income has climbed up to almost 8.6% in the fiscal year 2018. As a result, disposable income of Indians have increased, and has provided them with higher purchasing power. This in turn is paving the way for the growth of online food delivery market in the country.
2. Better customer Relationship Management – Most eateries in India believe online food ordering arrangements possess the latest and sophisticated customer relationship management. Leveraging this, restaurants are capable of providing all the expected administrations to the purchasers, right from ordering food to its conveyance at their doorsteps.
3. Enhanced consumer loyalty - A recent study revealed that 91% of online clients are using mobile applications and desktop applications to place orders, which in turn enhances the chances of retaining customer loyalty and having recurring orders at a much lower price as against dining out.
4. Tech-savvy millennial population – With 50% of the 1.35 Bn population falling under the age of 25 years and half of the remaining population aged under 35 years, India represents one of the youngest populations of the world. Owing to the fact that the majority of demand coming from the age group between 18 and 40, the online food delivery services in India looks promising and offers significant growth opportunities.
Request for Sample of this Report@ https://www.researchonglobalmarkets.com/india-online-food-delivery-market-2018-2023.html
The unique selling point of online ordering system is the convenience. However, there’s much more to the benefits it brings to both restaurants and customers, and this trend is expected to continue in the foreseeable future.
No comments:
Post a Comment