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China online food delivery market projected to grow at a CAGR of 112%

According to a new report by EMR titled, ‘China Online Food Delivery Market Report and Forecast 2020-2025’, China online food delivery market almost reached the value of USD 6138.44 billion in 2019. The China online food delivery market is expected to grow at a CAGR of 112% between 2020-2025.

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.

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 (2015-2019) and (2020-2025).
  • The report provides historical (2015-2019) and forecast (2020-2025) 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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