The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Barista Coffee Co. Ltd., Del Taco Restaurants Inc., Dominos Pizza Inc., McDonald Corp., Papa Johns International Inc., Restaurant Brands International Inc., Seven and i Holdings Co. Ltd., Starbucks Corp., The Wendys Co., and YUM! Brands Inc. are some of the major market participants. Although the increasing number of food service chains will offer immense growth opportunities, the growing preference for home-cooked food is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this food service market in APAC forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.Â
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the online on-demand food delivery services market.
Frequently Asked Questions:
Based on segmentation by business model, which is the leading segment in the market?
Based on the business model, the market saw maximum growth in the order-focused food delivery services segment in 2019.
What are the major trends in the market?
(1)
Technavio has been monitoring the food delivery services market and it is poised to grow by 215.56 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Food Delivery Services Market 2020-2024 (Graphic: Business Wire) Click Get Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the food delivery