The Malaysia online food delivery market is expected to reach over 319.1 Million USD by 2026. The online food delivery is a service allowing the customer to order food from a desired food outlet via the internet. This was earlier done with the help of websites and placing an order or by using a mobile phone application. Introduction of the online food delivery system has transform the online delivery sector making it more continent and easy to handle. The online food delivery system has already been adopted throughout the globe and its performance has been relatively good.
The market research study on “Malaysia Online Food Delivery Market (By Type: Restaurant-to-consumer delivery, Platform-to-consumer delivery; By Customer Age: Generation Z, Millennials, Generation X, Baby Boomers; By Gender: Male, Female; By Income Level: Low Income, Medium Income, High Income) - Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the Malaysia online food delivery market. The report also analyzes the key players operating in online food delivery market and identifies the key strategies deployed by them along with the market share of leading players. The Malaysia online food delivery market is segmented as below:
Online Food Delivery Market by Type
Online Food Delivery Market by Customer Age
Online Food Delivery Market by Gender
Online Food Delivery Market by Income Level
The Malaysia online food delivery market is expected to grow at a CAGR of over 19.2% during the forecasted period. Increasing per capita income in Malasiya, incretions consumer’s willingness to purchasing quality products, and continuously rising demand for food have driven the growth of the market. Additionally, increasing awareness among the people and modified lifestyle of the people have supported the growth of the market. On the other hand, poor service of some restaurants and outlets will hinder the market growth in this country.
The Malaysia online food delivery includes types such as Restaurant-to-consumer delivery, Platform-to-consumer delivery. On the basis of customer age, the market is segmented into Generation Z, Millennials, Generation X, Baby Boomers. On the basis of gender the market is categorised into Male and Female. Moreover, on the basis of income level the market is segmented into low income, medium income, and high income.
Malasiya online food deliveries market is driving due to the increasing population, adoption of the technology, use of healthcare IT in FMGC sector, and continuously increasing spending of the people.
A number of local players are present in the market which has increased the competition among the players. In near future, Malaysia market will possess a huge opportunity due to increasing tourism sector, development in economies and continuous adoption of the IT in various sectors.
Key players in the market in the Malaysia online food delivery include DeliverEat, Uber Eats, Foodpanda, Honestbee, Dahmakan, Running Man Delivery, and FoodTime