Foodtech market represents the online
food ordering and delivery ecosystem. Over the years, foodtech market in India has
been growing at a robust pace on account of increasing personal disposable
income, growing internet penetration and rising number of smartphone users. A
large base of the country’s population is getting busier, with lesser time to
get involved in household activities or to indulge in cooking, thus driving the
market for foodtech in India. Further, due to improving standard of living, the
country is witnessing a paradigm shift in consumer tastes & preferences,
wherein, they are foregoing conventional food products. Attractive cashback
offers and discounts offered by foodtech companies are also contributing to the
growth of India foodtech market.
According to TechSci Research report “India Foodtech Market By Operation Type, By Source of Order, By Payment Method, Competition Forecast and Opportunities, 2011 – 2021”, the foodtech market in India is projected to grow at a CAGR of over 12% during 2016 - 2021. Over the last couple of years, the country’s foodtech market has been witnessing huge fund inflows from domestic as well as foreign investors. On the basis of operation type, the market has been segmented into two categories, namely, food aggregators and restaurant based. Among these categories, restaurant based segment dominated the overall market in 2015, and the segment is anticipated to maintain its dominance over the next five years as well, owing to consumer loyalty and frequent cashbacks/discounts offered by the companies. In 2015, Cash on Delivery was the most preferred mode of payment among Indian consumers. Moreover, web based source of ordering dominated the India foodtech market in 2015 as it offers seamless customer experience in terms of ease of ordering, choosing alternate payment options and order tracking. “India Foodtech Market By Operation Type, By Source of Order, By Payment Method, Competition Forecast and Opportunities, 2011 – 2021” discusses the following aspects related to foodtech market in India:
- India
Foodtech Market Size, Share & Forecast
- Segmental
Analysis – By Operation Type (Food
Aggregators & Restaurant Based), By Source of Order (Web Vs Mobile App), By
Payment Method (Cash on Delivery, Mobile Wallet, Credit/Debit Card and
Netbanking)
- Policy
& Regulatory Landscape
- Changing
Market Trends & Emerging Opportunities
- Competitive
Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of the
India foodtech market
- To identify the on-going trends, and
anticipated growth over the next five years
- To help industry consultants, foodtech
companies and other stakeholder align their market-centric strategies
- To obtain research-based business
decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading
market players
- To avail 10% customization in the report
without any extra charges and get research data or trends added in the report
as per the buyer’s specific needs
Report Methodology
The information contained in this report is
based upon both primary and secondary sources. Primary research included interviews with display manufacturers, suppliers and industry
experts. Secondary research included an exhaustive search of relevant
publications like company annual reports, financial reports and other
proprietary databases.