Nigeria Online Food Delivery Market Introduction and Overview
According to SPER Market Research, the Nigeria Online Food Delivery Market is estimated to reach USD 3.09 billion by 2033 with a CAGR of 12.44%.
The report includes an in-depth analysis of the Nigeria Online Food Delivery Market, including market size and trends, product mix, distribution channels, and supplier analysis. The process of ordering and delivering meals using digital platforms, such as the internet or mobile applications, is referred to as online food. It has grown in popularity in recent years as a result of the convenience it provides customers, the diversity of options offered, and the simplicity of access. Online food delivery services have transformed the way individuals order and consume their favourite foods from local restaurants and eateries.
Online food delivery services have had a big impact on the food industry, driving up competition among restaurants and food business. To stay competitive, many businesses have joined with internet platforms to broaden their reach and attract a larger consumer base.
- Increasing Internet Adoption: Nigeria has seen an incredible rise in internet usage, with more individuals obtaining access to smartphones and low-cost data plans. Consumers may now easily access online meal delivery platforms, explore menus, and place orders because of extensive internet connectivity.
- Urbanization and Busy Lifestyles: As the population of Nigeria has grown, so has the number of people who work long hours and have little time for cooking or dining out. For these city dwellers, online food delivery offers a simple option, allowing them to enjoy a wide variety of cuisines from the comfort of their homes or offices.
Market Opportunities and Challenges
Nigeria has a large and increasing population, with a sizable proportion of the population being young and technologically adept. As internet penetration grows, the online meal delivery sector has the potential to tap into a large and untapped client base, particularly among urban people who lead busy lives. Furthermore, many locations in Nigeria have yet to realise the full potential of online meal delivery services. Expanding into these neglected locations provides a fantastic chance for online meal delivery services to create a significant presence and earn a market competitive advantage. These platforms can attract new clients and increase income by adapting their offerings to regional interests and preferences.
Despite the considerable development potential, the Nigeria online food delivery market confronts various problems that must be solved in order to achieve long-term success. One of the most pressing issues is the country's insufficient and frequently unreliable infrastructure, particularly in transportation and logistics. Poor road networks and traffic congestion can cause food delivery delays, lowering consumer satisfaction. Furthermore, in some places, security concerns may dissuade both delivery drivers and clients from using online meal delivery services. To address these issues, platforms must invest in enhancing last-mile delivery operations and implementing safety safeguards for its delivery employees and customers.
Market Competitive Landscape
Another important aspect of the competitive landscape in Nigeria's online meal delivery sector is menu diversity. Platforms that provide a diversified and extensive choice of cuisines and foods have the potential to attract a larger client base. Nigeria's population is culturally diverse, with varying cuisine preferences among people from different areas and backgrounds. Online meal delivery services might gain a competitive advantage by working with restaurants that specialise in regional and international cuisines.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Platform Type, By Business Model, By Payment Mode, By End User
|
| Regions covered | North West, South West, North Central, Others.
|
| Companies Covered | AreaChops, Chopnownow, Foodie Nigeria, Foodstantly, Gingerbox, Gofood, Jumia Foods, Others,
|
In what ways has the COVID-19 pandemic affected Nigeria Online Food Delivery Market?
The epidemic of COVID-19 had a significant influence on Nigeria's online food delivery sector. People turned to online sites for their food needs while the country imposed various lockdowns and social distancing measures to prevent the virus's spread. As people searched secure and seamless methods to order meals from the comfort of their homes, the pandemic drove the growth of online food delivery businesses.
Dine-in choices at restaurants decreased during the pandemic's peak, and several eateries were forced to temporarily close their physical premises. This situation resulted in an extraordinary rise in demand for online meal delivery, leading eateries to collaborate with delivery platforms in order to remain open and reach their consumers. As a result, the number of restaurants and food outlets working with online meal delivery platforms expanded dramatically throughout the pandemic.
Key Target Audience
- Urban Dwellers
- Millennial and Generation
- Working Professionals
- Middle and Upper-Class Consumers
Our in-depth analysis of the Nigeria Online Food Delivery Market includes the following segments:
| By Platform Type: | Mobile ApplicationWebsites |
| By Business Model: | Order Focused Food Delivery SystemLogistics Based Food Delivery SystemFull-Service Food Delivery System |
| By Payment Mode: | OnlineCash On Delivery |
| By End User: | IndividualCorporate |
Key Topics Covered in the Report
- Nigeria Online Food Delivery Market Size (FY’2023-FY’2033)
- Overview of Nigeria Online Food Delivery Market
- Segmentation of Nigeria Online Food Delivery Market By Platform Type (Mobile Application, Websites).
- Segmentation of Nigeria Online Food Delivery Market By Business Model (Order Focused Food Delivery System, Logistics Based Food Delivery System, Full-Service Food Delivery System).
- Segmentation of Nigeria Online Food Delivery Market By Payment Mode (Online, Cash On Delivery).
- Segmentation of Nigeria Online Food Delivery Market By End User (Individual, Corporate).
- Statistical Snap of Nigeria Online Food Delivery Market
- Expansion Analysis of Nigeria Online Food Delivery Market
- Problems and Obstacles in Nigeria Online Food Delivery Market
- Competitive Landscape in the Nigeria Online Food Delivery Market
- Impact of COVID-19 and Demonetization on Nigeria Online Food Delivery Market
- Details on Current Investment in Nigeria Online Food Delivery Market
- Competitive Analysis of Nigeria Online Food Delivery Market
- Prominent Players in the Nigeria Online Food Delivery Market
- SWOT Analysis of Nigeria Online Food Delivery Market
- Nigeria Online Food Delivery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Nigeria Online Food Delivery Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Nigeria Online Food Delivery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Nigeria Online Food Delivery Market
7. Nigeria Online Food Delivery Market, By Platform Type (USD Million)
7.1. Nigeria Online Food Delivery Market Value Share and Forecast, By Platform Type, 2023-2033
7.2. Mobile Application
7.3. Websites
8. Nigeria Online Food Delivery Market, By Business Model (USD Million)
8.1. Nigeria Online Food Delivery Market Value Share and Forecast, By Business Model, 2023-2033
8.2. Order Focused Food Delivery System
8.3. Logistics Based Food Delivery System
8.4. Full-Service Food Delivery System
9. Nigeria Online Food Delivery Market, By Payment Mode (USD Million)
9.1. Nigeria Online Food Delivery Market Value Share and Forecast, By Payment Mode, 2023-2033
9.2. Online
9.3. Cash On Delivery
10. Nigeria Online Food Delivery Market, By End User (USD Million)
10.1. Nigeria Online Food Delivery Market Value Share and Forecast, By End User, 2023-2033
10.2. Individual
10.3. Corporate
11. Nigeria Online Food Delivery Market Forecast, 2019-2033 (USD Million)
11.1. Nigeria Online Food Delivery Market Size and Market Share
12. Nigeria Online Food Delivery Market, By Platform Type, 2019-2033 (USD Million)
12.1. Nigeria Online Food Delivery Market Size and Market Share By Platform Type (2019-2026)
12.2. Nigeria Online Food Delivery Market Size and Market Share By Platform Type(2027-2033)
13. Nigeria Online Food Delivery Market, By Business Model, 2019-2033 (USD Million)
13.1. Nigeria Online Food Delivery Market Size and Market Share By Business Model (2019-2026)
13.2. Nigeria Online Food Delivery Market Size and Market Share By Business Model (2027-2033)
14. Nigeria Online Food Delivery Market, By Payment Mode, 2019-2033 (USD Million)
14.1. Nigeria Online Food Delivery Market Size and Market Share By Payment Mode (2019-2026)
14.2. Nigeria Online Food Delivery Market Size and Market Share By Payment Mode (2027-2033)
15. Nigeria Online Food Delivery Market, By End User, 2019-2033 (USD Million)
15.1. Nigeria Online Food Delivery Market Size and Market Share By End User (2019-2026)
15.2. Nigeria Online Food Delivery Market Size and Market Share By End User (2027-2033)
16. Nigeria Online Food Delivery Market, By Region, 2019-2033 (USD Million)
16.1. Nigeria Online Food Delivery Market Size and Market Share By Region (2019-2026)
16.2. Nigeria Online Food Delivery Market Size and Market Share By Region (2027-2033)
16.3. North West
16.4. South West
16.5. North Central
16.6. Others
17. Company Profile17.1. AreaChops
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Chopnownow
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Foodie Nigeria
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Foodstantly
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Gingerbox
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Gofood
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Jumia Foods
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
