UAE Online Food Delivery Market Latest Report 2024-2032
UAE online food delivery market overview
Base year: 2023
Historic years: 2018-2023
Forecast years: 2024-2032
Market size in 2023: $651 million
Market size in 2032: $1.625 billion
Market Growth Rate (CAGR) 2024-2032: 10.70%
According to the report titled “UAE Online Food Delivery Market Report and Forecast 2024-2032” by IMARC Group, the market reached USD 651 million in 2023. Looking ahead, IMARC Group expects the market to reach USD 1.625 billion by 2032, registering a high growth rate (CAGR) of 10.70% between 2024 and 2032. The market is growing rapidly due to the increasing demand for convenience and a thriving digital ecosystem.
Request a sample copy of this report: https://www.imarcgroup.com/uae-online-food-delivery-market/requestsample
UAE Online Food Delivery Market Trends and Drivers:
Increasing usage of internet services, high usage of smartphones, and increasing consumer preference for convenience are factors driving the growth of the online food delivery market in the UAE. Additionally, the market is growing as people are trending towards online platforms where they can access a variety of cuisines quickly and easily. The coronavirus pandemic has further accelerated this shift, with consumers relying heavily on delivery apps during lockdown. Additionally, the growing presence of international and local food delivery platforms and strategic partnerships between restaurants and technology companies have increased the availability and efficiency of food delivery services in the UAE.
A key trend in the UAE’s online food delivery market is the rise of cloud kitchens. This is a delivery-only restaurant designed to meet the growing demand for online ordering without the overhead costs associated with dine-in facilities. Another important trend is the increasing focus on healthy and sustainable food options as consumers become more health- and environmentally conscious. In addition to this, food delivery platforms are now offering a wide range of organic, vegan and eco-friendly options to meet this demand. Integrating advanced technologies such as artificial intelligence (AI) and machine learning (ML) to optimize delivery routes and improve customer experience is also gaining traction. Additionally, the growth of contactless payments and increased safety measures have become essential to maintaining consumer trust. Changes in consumer behavior and technological advancements are expected to continue driving the UAE online food delivery market in the coming years.
UAE Online Food Delivery Industry Segmentation:
The report categorizes the market into following categories:
Insights on platform types:
• Mobile application
• Website
Business model insights:
• Order-oriented food delivery system
• Logistics-based food delivery system
• Full-service food delivery system
Insights on payment methods:
• Online
• Cash on delivery
Regional insights:
• Dubai
• Abu Dhabi
• Sharjah
• others
Ask an analyst to customize: https://www.imarcgroup.com/request?type=report&id=23528&flag=C
Competitive environment:
This report provides an in-depth study of the competitive landscape. It includes a thorough competitive analysis including market structure, key player positioning, key strategies for success, competitive dashboard, and company valuation quadrants.
Key highlights of the report:
• Market performance (2018-2023)
• Market outlook (2024-2032)
• Impact of the new coronavirus infection on the market
• Porter’s Five Forces Analysis
• Strategic recommendations.
• Past, present and future market trends.
• Market drivers and success factors
• SWOT analysis
• Market structure
• Value chain analysis
• Comprehensive mapping of the competitive environment
Note: If you require specific information that is not currently within the scope of the report, you can provide it as part of your customization.
inquiry:
imark group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Phone number:(D) +91 120 433 0800
USA: +1-631-791-1145
About us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious change makers create lasting impact. The company offers comprehensive market entry and market expansion services. IMARC’s services include thorough market assessments, feasibility studies, company formation assistance, factory establishment support, regulatory approval and license navigation, branding, marketing and sales strategy, competitive landscape and benchmarking analysis, and pricing and cost analysis. Includes surveys and procurement surveys.
This release was published on openPR.