Online Food Delivery Market size was valued at US$ 132.80 Bn. in 2022 and the total revenue is expected to grow at 11.2 % through 2023 to 2029, reaching nearly US$ 279.22 Bn.
Online Food Delivery Market Overview
Maximize Market Research’s latest report on the Online Food Delivery Market 2023-2029 is invaluable for understanding market competitors. The report offers an extensive and fundamental analysis of the market, exploring subjective factors that provide crucial business insights. It presents a market overview that covers the value chain structure, geographical analysis, applications, and market size during the forecast period.
Online Food Delivery Market Report Scope and Research Methodology
The Online Food Delivery Market report is designed to provide an outlook on market size, considering segments, regional analysis, and industry competition. Utilizing a bottom-up approach, the report estimates and forecasts market growth. It further conducts an in-depth examination of key players in the Online Food Delivery industry, offering insights into their revenue performance. The report encompasses a comprehensive analysis of the Online Food Delivery Market at global, regional, and local levels, identifying the factors that hinder, drive, and challenge market growth in the forecast period.
Online Food Delivery Market Regional Insights
North America dominated the Online Food Delivery market in 2022 due to the presence of market leaders in the region. Europe and Asia Pacific are fast-growing regions in the Online Food Delivery market as technological developments are rising in the region.
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Online Food Delivery Market Segmentation
1. Global Online Food Delivery Market, by Platform Type (2023-2029)
• Websites
• Applications
Website and application are subsegments of the global market. In 2022, the Application market category had a market share of %, and over the forecast period, it is anticipated to grow at the highest CAGR of % in the overall market. The last ten years have seen an increase in the use of food delivery applications. 50% of all meal delivery visits are for traditional supper deliveries, breakfast, and lunch deliveries. Digital orders conducted via mobile apps, the Internet, or text messaging have increased by 23 percent over the past four years, amounting to a $26.8 billion industry. The majority of digital meal orders are placed through third-party food delivery services or restaurant applications that let users look up nearby eateries and menus.
2. Global Online Food Delivery Market, by Business Model (2023-2029)
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full – Service Food Delivery System
3. Global Online Food Delivery Market, by Payment Method (2023-2029)
• Online Payment
• Cash On Delivery
There are two submarkets within the worldwide market: online payment and cash on delivery. In 2022, the Online Payments sector had the highest market share of %. Online meal delivery services and restaurant delivery services are growing in popularity in e-commerce. With a population of more than 1.2 billion, India is without a doubt one of the biggest consumer markets in the world. The primary drivers of e-transaction growth in the food order delivery industry have been a change in business tactics, transaction processing, expanded internet access, and smartphone adoption in developing nations.
Online Food Delivery Market Key Players
1. Mr. D Food
2. Ele.me
3. Takeaway.com
4. Postmates Inc.
5. Zomato Pvt. Ltd.
6. Deliveroo
7. DoorDash
8. Just Eat Plc.
9. GrubHub
10. Foodpanda
11. Swiggy
12. Meituan Waimai
13. Bundl Technologies
14. Fasso’s
15. Domino’s
16. Box8
17. FoodVista India Private Limited
18. Rebel Foods Private Limited
19. Yum! Brands, Inc. Sacco SRL
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Key questions answered in Online Food Delivery Market are:
- What is Online Food Delivery?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Online Food Delivery Market?
- Which factors are the lucrative opportunities for the Online Food Delivery market growth?
- Which factors are limiting the scope of the Online Food Delivery market?
- How is the intervention from regulatory authority shaping the Online Food Delivery Market?
- What growth strategies are the key players considering to increase their presence in the Online Food Delivery Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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