Nigeria Online Food Delivery Market Share, Trends, Growth Drivers, Revenue, Scope, Challenges, Opportunities and Future Competition Till 2033

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Nigeria Online Food Delivery Market Share, Trends, Growth Drivers, Revenue, Scope, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research


 Category : Food & Beverages

 Published: Jul-2023
 Author: SPER Analyst


Nigeria Online Food Delivery Market is projected to be worth USD 3.09 billion by 2033 and is anticipated to surge at a CAGR of 12.44%.

Online food delivery has developed as an important player in today's food market, transforming how people order and eat meals. Because of its convenience and time-saving benefits, ordering food from the comfort of one's home or workplace has grown in popularity. With the increased use of smartphones and the internet, a plethora of online platforms and mobile applications have emerged, working as go-betweens for clients and a diverse range of restaurants and food enterprises. Online food delivery is a reasonably simple and user-friendly method. Customers can explore digital menus covering a wide range of cuisines, meals, and beverages from local restaurants to popular franchises.

Nigeria Online Food Delivery Market Driving Factors and Challenges

The Nigeria online food delivery market has grown significantly as internet penetration and smartphone usage have increased. The ease of ordering food online has made it more accessible to a wider audience, driving demand for delivery services. As people living in cities search time-saving alternatives for their meals, urbanization and busy lifestyles have spurred the market's rise. The expanding middle class, which has more disposable income, has increased demand for convenient services such as online food delivery. Furthermore, the COVID-19 epidemic spurred market expansion, as people sought secure and frictionless ways to eat during lockdowns and social isolation. During the epidemic, online meal delivery services became critical for both consumers and restaurants, consolidating their market position.

The Nigeria online food delivery sector is confronted with a number of issues that threaten its long-term growth and viability. One of the most pressing issues is the country's insufficient and frequently unreliable infrastructure, notably in transportation and logistics. Poor road networks, traffic congestion, and restricted delivery infrastructure can cause food delivery delays, lowering consumer satisfaction

The extremely competitive nature of the sector offers hurdles for platforms attempting to build a firm footing. Intense rivalry can result in razor-thin profit margins and the necessity for significant marketing expenditures in order to stand out in a crowded marketplace. To attract and maintain clients in the face of competition from both domestic and foreign businesses, online meal delivery platforms must constantly innovate and differentiate themselves.


Impact of COVID-19 on Nigeria Online Food Delivery Market 
The epidemic of COVID-19 had a significant influence on Nigeria's online food delivery market. People turned to online platforms for meals as a result of lockdowns and social distancing measures, boosting the growth of delivery services for safe and contactless ordering. With limited dine-in options, there was an increase in demand for online meal delivery, pushing restaurants to engage with platforms to reach customers. This shift in consumer behaviour attracted more consumers and expanded the market. Platforms that have been modified to include health measures, contactless deliveries, and cashless payment alternatives. However, issues such as delivery logistical difficulty and growing expenses arose. Despite the hurdles, the epidemic generated new opportunities and transformed the commercial landscape, cementing internet meal delivery as an important service in Nigeria.

Nigeria Online Food Delivery Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AreaChops, Chopnownow, Foodie Nigeria, Foodstantly, Gingerbox, Gofood, Jumia Foods, Others.


Nigeria Online Food Delivery Market Segmentation:

By Platform Type: Based on the Platform Type, Nigeria Online Food Delivery Market is segmented as; Mobile Application, Websites.

By Business Model: Based on the Business Model, Nigeria Online Food Delivery Market is segmented as; Order Focused Food Delivery System, Logistics Based Food Delivery System, Full-Service Food Delivery System.

By Payment Mode: Based on the Payment Mode, Nigeria Online Food Delivery Market is segmented as; Online, Cash On Delivery.

By End User: Based on the End User, Nigeria Online Food Delivery Market is segmented as; Individual, Corporate.

By Region: This research also includes data for North West, South West, North Central, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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