Mar 8,2021 | Food Services
The online food delivery services offer greater convenience to the users as they can shuffle through several restaurants, food items, and different cuisines at a single tough point, sitting in their home, office, or any other place of convenience. Moreover, the users can receive in-depth information regarding their food, can compare the food and price options, access feedback from previous buyers, avail various promotional schemes/offers, as well as track the delivery person. There are also various options to make the payment such as online payment, e-wallet payment, Cash on Delivery (CoD), and enjoy many other benefits through online food ordering.
Most importantly the online food delivery services enable the users to enjoy hassle free food, helping them to save time and energy, which acts as a major driver for the market. Saudi Arabia online food ordering and delivery market was valued at US$ 511.21 Million in the 2020 which is forecast to grow at 10.05% CAGR during 2021 – 2026. Even after the challenge of pandemic in the 2020, the market showed a consistent growth. Digitization and emergence of advanced online services is expected to drive the Saudi Arabia online food ordering and delivery market in the next 5 years. New age generation-Z leads a hectic life and the convenience for saving the time is a major factor for the growing popularity of online food ordering and delivery market of Saudi Arabia.
Saudi Arabia online food ordering and delivery market is segmented by operation type, by source, by payment, and by region. Food aggregators led the market in 2020 and the trend is likely to continue until 2026 due to convenience and wide range of options to choose from. Major players operating in Saudi Arabia online food ordering and delivery market include Talabat, Hunger Station, Careem, Jahez, Mrsool Inc, Jahez, Lugmety, Toyou, Mathagi, The Chefz, Wssel, among others.
The latest report on the aforementioned market offered by Bharatbook is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. It is also helpful in identifying drivers and challenges for Saudi Arabia online food ordering and delivery market. Furthermore the study examines competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia online food ordering and delivery market.
For more details, please visit Saudi Arabia online food ordering and delivery market.