DUBLIN–(BUSINESS WIRE)–The “China Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
China online food delivery market reached a value of US$ 51.5 Billion in 2020. Looking forward, the China online food delivery market to exhibit strong growth during the next five years.
The country currently represents the world’s biggest online food delivery market. China’s strong economic growth, changing lifestyles and increasing penetration of internet and smartphones are some of the key drivers of this market.
Moreover, China’s large young population, who constitutes the majority of the consumer base has further facilitated this growth. Urban dwellers, who lead a hectic lifestyle, tend to order food online more frequently than others.
Some of the major online food-delivery companies in China include Ele.me, Meituan Dianping, ENJOY, Daojia, Home-cook, etc. The market however is mainly dominated by two players Meituan Dianping, supported by the internet giant Tencent, and Ele.me, backed by Alibaba.
Key players in the country are now focusing on expanding their operations into smaller cities, which have a strong growth potential as they are less developed markets than big cities such as Beijing and Shanghai. Players are also expanding their product offerings and targeting non-peak eating times such as afternoon tea or late-night snacks.
Key Questions Answered in This Report:
Report Coverage:
Report Scope:
Market Breakup by Platform Type
Market Breakup by Business Model
Market Breakup by Payment Method
Market Breakup by Region
Competitive Landscape Key Players:
For more information about this report visit https://www.researchandmarkets.com/r/wcx31p
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