China online food delivery market projected to grow at a CAGR of 14.5%

Asia's online food delivery sector is dominated by China. The country is currently the largest online food delivery market in the world. The growth of the market in China is aided by its fast-growing economy. The number of consumers for online food delivery market is growing at a rapid rate. The market is likely to witness similar growth in the coming years to achieve new heights.

Shanghai, being one of the major cities of the country, is also the market with the highest demand for online food delivery. The consumers are majorly from the business sector or students. The demand for online food delivery is on the rise among these consumers. The regular offers and varieties available also attract the consumers more.

Ele.me and Meituan Waimai are the leading players, accounting for nearly 90% of the market share together in 2018. In August 2017, Baidu Waumai was purchased by its competitor, Ele.me, and renamed as Star.Ele.me. The players are also expanding the availability of products on their site to attract more consumers to their application.

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Market Analysis by Platform, Delivery Type, Payment Method, and Regions:

• The food order can be placed through a website or mobile application offering multiple options of restaurants for ordering food.

• The delivery can either be restaurant-to-consumer or delivery or platform-to-consumer delivery.

• The payment methods include online payments and cash on delivery.

• The major regional markets include Shanghai, Zhejiang, Guangdong, Jiangsu, Beijing, among others.

Key Findings of the Report:

• The market is being aided by the healthy economic growth and the high population density in the urban areas of the country.

• China's growing middle class is supporting the growth of online food industry because people are willing to spend more for convenience.

• The growing internet and smartphone usage in this region are anticipated to support the online food delivery sector further.

• The industry is driven by younger consumers in China who define consumption patterns.

• The overall growth in consumption level is also driving the online food delivery industry.

• The industry is expected to be driven by innovations to become more automated and convenient in the online food delivery process.

Key Offerings of the Report:

• The EMR report gives an overview of the China online food delivery market for the periods (2018-2023) and (2024-2032).
• The report provides historical (2018-2023) and forecast (2024-2032) market information for the platform, delivery type, payment method, and regions of the market.

The key players include Meituan Dianping, Ele.me, DiDi Food, among others. The EMR report investigates the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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