GCC Online Food Delivery Market 2024 To Reach USD 11.18 BILLION BY 2030 at Rate of 14.48% by 2030

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The GCC Online Food Delivery Market size in 2023 was valued at around USD 3.93 billion and is expected to reach around USD 11.18 billion by 2030. The market is also estimated to grow at a CAGR of around 14.48% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: GCC Online Food Delivery Market

GCC Online Food Delivery Market Driver: Growing Workforce & Fast-Paced Life of the Individuals Uplifting the Demand for Food Delivery Services

In recent years, the working population, especially the women workforce has substantially increased. As per the International Monetary Fund (IMF), as of 2022, female participation in the GCC labor force has increased five times since 2010. The rise in female professionals is accentuating the demand for online food services since working women have little to no time to prepare a meal. Also, the cost of hiring a temporary or permanent chef is extremely expensive in the GCC country. According to the Popular recruitment agency, the cost of hiring a personal chef is around USD 108 to USD 136 daily. Therefore, individuals tend to order food online, augmenting market size & volume.

Further, POST-COVID-19, consumers have shifted towards online food delivery rather than eating in restaurants. As per the consumer survey conducted by the company Mad Mobile Inc., more than 66% of adults prefer to place orders online instead of eating them in restaurants & café. This transition of the consumers towards online food delivery would continue to enlarge the market size even during the forthcoming years.

Scope of the Report and GCC Online Food Delivery Market Segmentation

By Service Type

-Platform-to-Consumer

-Restaurant-to-Consumer

  • the Platform-to-Consumer segment holds a dominant market share due to their ease of use and versatility in having multiple options in terms of restaurants and cuisines.

By Cuisine

-Local Arabic Cuisine

-Indian Food

-Continental

-Others

By Business Model

-Logistics Based

-Full Service

By Food Type

-Vegetarian

-Non- Vegetarian

-Others

By Food Buyer Nationality

-Arabic

-Indian

-Pakistani

-South East Asian

-European

-African

-Others

By Size of the Order

-Upto USD 30

-USD31 to USD 50

-Above USD 50

By Consumer Age Group

-Upto 25 Years

-26 to 35 Years

-36 to 50 Years

-Above 50 Years

By Platform

-Mobile Applications

-Web-Based Platform

By Payment

-Cash on Delivery

-Digital Payments

Top leading companies in the GCC Online Food Delivery Market includes:

Talabat, Deliveroo, Mrsool, Zomato, Carriage, Careem, HungerStation, Jahez, EatEasy,   Noon Food, and others

GCC Online Food Delivery Market Development

  • 2023: Deliveroo: Partnered with the UAE Food Bank to Reduce Food Waste, to further maintain the regulation regarding the UAE government's plan to reduce food wastage by 50% by 2030.
  • 2023: Talabat: Unveiled a new AI-powered assistant that would provide customers with cooking tips, nutritional information, and suitable complimentary dishes to go with their meals.

For more detailed information about the GCC Online Food Delivery market report, click here – https://www.marknteladvisors.com/research-library/gcc-online-food-delivery-market.html                     

Geographical analysis:

The UAE

Saudi Arabia

Qatar

Oman

Kuwait

Bahrain

  • Saudi Arabia holds a prominent market share due to the increasing urban population in the country.

Related Reports: -

https://www.openpr.com/news/3396952/global-workplace-safety-market-reach-usd-14-9-billion-in-2023         

https://www.openpr.com/news/3391034/global-pea-protein-market-size-hits-usd-1-4-billion-mark-in-2022         

https://www.openpr.com/news/3391023/global-green-hydrogen-market-expected-to-witness-a-15-7-cagr  

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