India’s online food delivery market is entering its next growth phase, driven less by new user acquisition and more by rising order frequency, expanding Tier-2+ penetration and steady average order value (AOV) expansion, according to Investec Equities. The sector is expected to scale from $ 9.1 billion in 2024 to nearly $ 27 billion by 2030, growing at a 19 per cent CAGR, as digital adoption and urbanisation reshape consumption patterns.India’s online food delivery market is entering its next growth phase, driven less by new user acquisition and more by rising order frequency, expanding Tier-2+ penetration and steady average order value (AOV) expansion, according to Investec Equities. The sector is expected to scale from $ 9.1 billion in 2024 to nearly $ 27 billion by 2030, growing at a 19 per cent CAGR, as digital adoption and urbanisation reshape consumption patterns.
India's food delivery sector poised for double-digit growth as tier-2 adoption and frequency rise: Report
