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Singapore Online Food Delivery Market, By Business Model (Order-focused, Logistics-based, Restaurant-specific); By Type (Restaurant-to-Consumer, Platform-to-Consumer); By Channel Type (Websites/Desktop, Mobile Applications); By Payment Method (Cash on Del

Publisher BlueWeave Consulting
Published Feb 22, 2024
Length 200 Pages
SKU # BLWC18632594

Description

Singapore Online Food Delivery Market, By Business Model (Order-focused, Logistics-based, Restaurant-specific); By Type (Restaurant-to-Consumer, Platform-to-Consumer); By Channel Type (Websites/Desktop, Mobile Applications); By Payment Method (Cash on Delivery, Online), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Singapore Online Food Delivery Market Size Expands at Significant CAGR of 8.33% to Touch USD 966 Million by 2030
Singapore Online Food Delivery Market is flourishing due to the growing demand for convenience in busy lifestyles, surging smartphone and internet adoption, expanding culinary choices and restaurant diversity, and rising popularity of promotions and discounts in dining.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Singapore Online Food Delivery Market size at USD 621.78 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Singapore Online Food Delivery Market size to expand at a CAGR of 8.33% reaching a value of USD 965.56 million by 2030. The Online Food Delivery market in Singapore is propelled by the increasing reliance on smartphones and the desire for convenient food options. This trend is further fueled by enhanced network connectivity and ongoing innovations in the software utilized for online food delivery applications. Other market drivers include the continuous progress in technology and the rise of cloud kitchens have become prominent trends. Cloud kitchens offer a cost-effective solution, reducing setup costs and operational expenses like employment taxes, staff, furnishings, utilities, and insurance. As a result, several restaurants are embracing cloud kitchens to align with the dynamic shifts in market trends.

Impact of Geopolitical Tensions on Singapore Online Food Delivery Market

The Singapore Online Food Delivery Market is impacted by geopolitical tensions in several ways. Economic stability, contingent on geopolitical stability, fosters investor confidence and positively impacts consumer spending. South East Asian tourism, a major driver for the food service industry in Singapore, is vulnerable to escalating geopolitical tensions, impacting tourist numbers and subsequently altering the demand for Online Food Delivery services. Regulatory changes resulting from geopolitical shifts can significantly impact operations, while currency fluctuations may affect the costs of sourcing internationally. Supply chain disruptions influenced by geopolitical tensions pose challenges in maintaining quality and variety. Consumer confidence, linked to geopolitical stability, affects spending habits and demand for Online Food Delivery. Singapore's diplomatic relationships influence international business partnerships, impacting the entry or expansion of global platforms. Navigating this requires vigilance, adaptability, and diversifying supply chains.

Singapore Online Food Delivery Market
Segmental Information
Singapore Online Food Delivery Market – By Type

Based on type, the Singapore Online Food Delivery Market is split into Restaurant-to-Consumer and Platform-to-Consumer segments. The platform-to-consumer segment holds a higher share in the Singapore Online Food Delivery Market by type. It primarily involves web-based delivery services, facilitating customers to order meals from affiliated restaurants. Consequently, the responsibility for food delivery often does not fall on the restaurants themselves. Instead, the platform assumes control of the entire delivery process in such cases, distinguishing it from the restaurant-to-consumer model.

Competitive Landscape

The Singapore Online Food Delivery Market is fragmented, with numerous players serving the market. The key players dominating the Singapore Online Food Delivery Market include Deliveroo, Eat App, Foodpanda, Chope, GrabFood, Honestbee, Oddle, WhyQ, and Zomato. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Singapore Online Food Delivery Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Singapore Online Food Delivery Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Singapore Online Food Delivery Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. High smartphone penetration & internet usage
3.2.1.2. Busy lifestyles & convenience
3.2.1.3. Variety of cuisines & restaurants
3.2.1.4. Promotions & discounts
3.2.2. Restraints
3.2.2.1. Delivery fees
3.2.2.2. Competition
3.2.2.3. Rider welfare concerns
3.2.2.4. Food quality & hygiene
3.2.3. Opportunities
3.2.3.1. Niche markets (vegan, healthy, etc.)
3.2.3.2. Subscription models & loyalty programs
3.2.3.3. Partnerships & collaborations
3.2.3.4. Data & analytics utilization
3.2.4. Challenges
3.2.4.1. Regulatory landscape
3.2.4.2. Cybersecurity threats
3.2.4.3. Profitability maintenance
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Singapore Online Food Delivery Market: Marketing Strategies
5. Singapore Online Food Delivery Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Million)
5.1.2. By Volume (Million Units)
5.2. Market Share & Forecast
5.2.1. By Business Model
5.2.1.1. Order-focused
5.2.1.2. Logistics-based
5.2.1.3. Restaurant-specific
5.2.2. By Type
5.2.2.1. Restaurant-to-Consumer
5.2.2.2. Platform-to-Consumer
5.2.3. By Channel Type
5.2.3.1. Websites/Desktop
5.2.3.2. Mobile Applications
5.2.4. By Payment Method
5.2.4.1. Cash on Delivery
5.2.4.2. Online
6. Competitive Landscape
6.1. List of Key Players and Their Offerings
6.2. Singapore Online Food Delivery Company Market Share Analysis, 2023
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Geopolitical Tensions on Singapore Online Food Delivery Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
8.1. Deliveroo
8.2. Eat App
8.3. Foodpanda
8.4. Chope
8.5. GrabFood
8.6. Honestbee
8.7. Oddle
8.8. WhyQ
8.9. Zomato
8.10. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
10.1. Qualitative Research
10.1.1. Primary & Secondary Research
10.2. Quantitative Research
10.3. Market Breakdown & Data Triangulation
10.3.1. Secondary Research
10.3.2. Primary Research
10.4. Breakdown of Primary Research Respondents, By Region
10.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Singapore Online Food Delivery Segmentation
Figure 2 Singapore Online Food Delivery Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Singapore Online Food Delivery Market Size, By Value (USD Million), 2019–2030
Figure 5 Singapore Online Food Delivery Market Share, By Business Model, By Value, 2019–2030
Figure 6 Singapore Online Food Delivery Market Share, By Type, By Value, 2019–2030
Figure 7 Singapore Online Food Delivery Market Share, By Channel Type, By Value, 2019–2030
Figure 8 Singapore Online Food Delivery Market Share, By Payment Method, By Value, 2019–2030
List of Tables
Table 1 Singapore Online Food Delivery Market Size, By Value (USD Million), 2019–2030
Table 2 Singapore Online Food Delivery Market Share, By Business Model, By Value, 2019–2030
Table 3 Singapore Online Food Delivery Market Share, By Type, By Value, 2019–2030
Table 4 Singapore Online Food Delivery Market Share, By Channel Type, By Value, 2019–2030
Table 5 Singapore Online Food Delivery Market Share, By Payment Method, By Value, 2019–2030
Table 6 Deliveroo Company Overview
Table 7 Deliveroo Financial Overview
Table 8 Eat App Company Overview
Table 9 Eat App Financial Overview
Table 10 Foodpanda Company Overview
Table 11 Foodpanda Financial Overview
Table 12 Chope Company Overview
Table 13 Chope Financial Overview
Table 14 GrabFood Company Overview
Table 15 GrabFood Financial Overview
Table 16 Honestbee Company Overview
Table 17 Honestbee Financial Overview
Table 18 Oddle Company Overview
Table 19 Oddle Financial Overview
Table 20 WhyQ Company Overview
Table 21 WhyQ Financial Overview
Table 22 Zomato Company Overview
Table 23 Zomato Financial Overview
Table 24 Other Prominent Players Company Overview
Table 25 Other Prominent Players Financial Overview

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