Global Online Food Delivery Market is segmented By Type (Restaurant-to-Consumer, Platform-to-Consumer), By Channel (Websites/Desktop, Mobile Applications), By Payment Method (Cash on Delivery, Online), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Online Food Delivery Market Size
Global Online Food Delivery Market reached USD 145.2 billion in 2022 and is expected to reach USD 291.4 billion by 2030 growing with a CAGR of 9.1% during the forecast period 2024-2031. The changing consumer lifestyles, increased adoption of online food orders, and the emerging trend of contactless food delivery are driving the global online food delivery market growth.
Online food delivery is popular among both consumers and food service providers. It is benefiting both parties as it is useful in both ways. Consumers are adopting online food delivery services because of their ease, speed, and precision, while food service providers see the potential for increased revenue, reduced labor expenses, and reduced errors. The launch of several online food delivery platforms, in addition to the existing ones, is expanding the online food delivery market size.
The rise in demand for convenience and ready-to-eat foods is one of the driving factors for the increasing demand for the online food delivery market. In addition, changes in consumers eating habits, busy schedules, rapid growth in smartphone users, and the increasing adoption of fast foods are driving the online food delivery market growth. Furthermore, the special offers, discounts, coupons, and other advantages of online food delivery apps are increasing the market expansion.
Market Scope
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Metrics |
Details |
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CAGR |
9.1% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Channel, Payment Method, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other vital Insights. |
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Market Dynamics
The Increasing Popularity of Cloud Kitchens Drives the Online Food Delivery Market Growth.
The growing popularity of cloud kitchens drives the rising number of online food purchasings by consumers. With the increasingly hectic lifestyles and the growing employment-population ratio, the demand for convenience food is increasing, thus, boosting food orders through cloud kitchens. Cloud kitchens help in expanding restaurants.
Many of the established restaurant chains are now also opening cloud kitchen outlets instead of opening dine-in outlets to cater to high food delivery orders. For example, Arabic REEF Technologies, a United States-based operator, announced the launch of cloud kitchens for its network of restaurants and brands in the Middle East and North Africa, in January 2022.
Increasing Internet Access Drives the Online Food Delivery Market Growth
Increasing adoption of smart and connected electronic devices is increasing the accessibility for online food platforms and mobile food ordering, thus, driving the market growth. For instance, smartphone usage in India increased from 4.8% in 2011 to around 61% in 2021, with a projected increase to 95.8% by 2040. Meanwhile, internet access in India has increased from 7.6% in 2010 to approximately 50.5% by 2020.
The increasing smartphone usage and rising internet access in all regions is driving the market. The renewed government push for the 5G rollout to provide better internet access to the population will increase internet penetration in the region, thereby facilitating the growth of the online food delivery market. The growth of the digital payment market, which drove contactless payment methods, has also advanced the online food delivery market.
Increasing Cyber Crime Restrains the Market Growth.
The increasing cyber crimes related to payment methods may restrain the growth of the market. With the increase in the usage of smartphones and increased internet penetration, the number of online users is also increasing. Many cyber-attacks follow an increased number of online users. The lack of preventive and protective measures leaves users vulnerable to personal data leakage, data theft, and fraudulent practices.
The ordering meals through online food delivery platforms is a dangerous business since many fraudsters are gaining access to essential information, including consumers' bank data. Account takeover is one of the most popular criminal strategies nowadays. Because of the ubiquity of loyalty programmes and client accounts, ATO situations are becoming all too typical. These are constraints that may have a negative impact on the global market for food delivery services.
Market Segment Analysis
The global online food delivery market is segmented based on type, channel, payment method, and region.
In the Online Food Delivery Market, the Restaurant-to-Consumer Segment Holds the Largest Market Share.
The global online food delivery market has been segmented by type into restaurant-to-consumer and platform-to-consumer. The restaurant-to-consumer segment held the largest online food delivery market share of 28.8% in 2022 in the online food delivery market analysis report. The excellent customer service provided by the restaurant-to-consumer is driving the segment’s growth.
The direct connection with the restaurant is carried out in the restaurant-to-consumer segment. The restaurants deal with the shipment aspect, while the providers of online food delivery services manage the ordering process. The players operating with this model offer loyalty and subscription programs to consumers in order to penetrate the market, thus, driving the segment’s growth.
Market Geographical Share
The North America Held the Largest Share of the Global Online Food Delivery Market.
The global online food delivery market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American online food delivery market held the largest market share of 38.6% in 2022 in the online food delivery market analysis. The increasingly well-developed food & beverage industry, rising food aggregators, and increasing demand for the online delivery platforms are boosting the market growth.
The changing lifestyles of the consumer increase their shift in food preferences for fast food. Furthermore, the presence of several online food service providers, such as Just Eat Holding Limited and Postmates Inc., is further boosting the regional market growth. The live customer service, delivery execution, and other related services are provided, which are further fueling the regional market growth.
Online Food Delivery Market Companies
The major global players in the market include Just Eat, GrubHub, Delivery Hero, Deliveroo, Takeaway.com, Foodpanda, Ele.me, Meituan Waimai, Swiggy, and DoorDash.
COVID-19 Impact Analysis
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
The global pandemic has created a favourable situation for online food delivery services to promote their services to attract new users. With the increased number of online food delivery platforms, a better understanding of consumers in the online food delivery sectors, and increased developments in the company software led to more secure options for online payment. Due to these factors, online food delivery has been positively affected by COVID-19.
Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.
The COVID-19 pandemic issue has had an impact on the food support and services industries as well. The COVID-19 pandemic is upending life, and the food support and services sector is seeing increased trends like online food delivery. The food businesses are launching innovative programs, including online food delivery, that are straightforward to utilize.
By Type
- Restaurant-to-Consumer
- Platform-to-Consumer
By Channel
- Websites/Desktop
- Mobile Applications
By Payment Method
- Cash on Delivery
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In March 2022, Eat Takeaway.com, Europe's largest online food ordering service delivery, announced the partnership with McDonald's to expand delivery.
- In August 2022, Zomato Media Private Limited announced the launch of an intercity food delivery service called "Intercity Legends".
- In October 2021, Uber Technologies Inc. acquired Drizly, and the two companies will begin integrating their complementary delivery apps and services. The purchase consideration was approximately USD 1.1 billion, consisting of approximately 18.7 million newly issued shares of Uber common stock plus cash.
Why Purchase the Report?
- To visualize the global online food delivery market segmentation based on type, channel, payment method, and region and understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of online food delivery market-level with all segments.
- The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The Global Online food delivery Market report would provide approximately 61 tables, 54 figures and 165 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
