Online food delivery has become an important service at a global level as people love eating different food items. Chinese food is highly popular and immigrants look for high-quality Chinese food in different corners of the world.
Many food delivery services supply people with their required food items. HungryPanda is an excellent choice for Chinese living abroad as it supplies timely food delivery service with high-quality Chinese food.
Development of Food Delivery Market
According to the Statista report, the global food delivery market has seen a continuous boom in its market size at a global level. In 2019, its market size was 107.44 billion USD. And it will reach 111.32 billion USD in 2020.
Despite the slow growth in 2020, the food delivery market is expected to reach 154.34 billion USD by 2023 by witnessing a CAGR of 11.51% during 2019-23.
Despite the slow growth in 2020, the food delivery market is expected to reach 154.34 billion USD by 2023 by witnessing a CAGR of 11.51% during 2019-23. HungryPanda has taken advantage of the growth opportunities in this sector since its inception in 2017.
Due to this, HungryPanda has expanded its influence in different countries across the globe. HungryPanda provides mouth-watering Chinese food items to the Chinese people living abroad. Thus, it helps them enjoy eating high-quality Chinese food without any discomfort.
Chinese Food Delivery Market is a Profitable Niche
As mentioned above, the food delivery market is growing enormously. In this sector, the Chinese food delivery market enjoys a great value as it is a profitable niche for food businesses. HungryPanda has very well explored the growth opportunities in this niche.
It ties up with Chinese restaurants across the globe to supply authentic Chinese food to the Chinese people living in foreign countries. The best part about HungryPanda is the partnered restaurants use the original Chinese ingredients sourced directly from China to ensure the taste.
Chinese people face difficulties in ordering Chinese food items as many food delivery apps don’t use the Chinese language in their apps. Thus, it makes it quite difficult for Chinese living abroad to get the desired Chinese food.
HungryPanda has solved this problem by using the Chinese language in its food delivery application. The Chinese food delivery service has also made many improvements in its official Chinese food delivery app. Hence, it has contributed to improve the overall food delivery service to its Chinese customers in foreign countries.
HungryPanda Excels in the Chinese Food Delivery Market
HungryPanda has witnessed good growth in the Chinese food delivery market. It has attracted $ 90 mn investment in 2020 from many business companies to expand its operations.
Due to its excellent interface, the new HP app enjoys a high demand among users. HungryPanda app has got a user-friendly design, functional modules, diverse page categories, personalized display, and less loading time.
The Chinese food delivery giant believes in improving the overall customer service. Moreover, it offers many different discounts to improve the overall customer service.
HungryPanda has seen a boom in its growth due to the rising demand for Chinese food among people. Despite the pandemic situation, HungryPanda has seen a boom in its revenue by 280% - 400% in different countries.
An increase in the reputation of HungryPanda, development of the new market, and the expansion of HungryPanda business are the factors contributing to its growth in the Chinese food delivery market.
HungryPanda has benefitted both customers and Chinese restaurants by providing many offers. It follows sustainable marketing strategies in the food business industry.
It has tried to alleviate the safety risks related to dine-in restaurants for customers. And it has also launched offline meal pickup services to allow people to move outside during the pandemic.
A Bright Future Ahead for the Chinese Food Delivery Giant
Since the food delivery market is expanding at a consistent rate, HungryPanda has a bright future ahead in this sector. The Chinese food delivery giant uses many business growth strategies to grow well in the market.
HungryPanda follows a transparent approach while dealing with riders to work seamlessly with its delivery partners. The Chinese food delivery service makes consistent expansion by investing money into the food delivery market.
Hence, there is a bright future for the Chinese food delivery giant in many countries. The company follows a strategic plan to provide authentic food to all overseas Chinese. HungryPanda eyes on providing many lifestyle services to overseas Chinese to help them deal with homesickness.