online food delivery market growth

Uber Eats is an online food delivery services vertical of Uber, a US-based ride-hailing company. Global Online Food Delivery Services Market, Segmentation By Payment Method, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5. Existing estimates suggest that the market is experiencing double-digit growth rates and could be worth $25bn by 2023.1 This study looks at how technology is contributing to that growth and measures the resulting impact on the overall restaurant sector. press@researchandmarkets.com The study on online food delivery market covers the analysis of … Global Online Food Delivery Market 2021-2027 is a comprehensive report that provides a detailed overview of the current major market drivers, opportunities, challenges, trends and strategies impacting the global Online Food Delivery market collectively with calculation and forecast of size, proportion and growth rate analysis. The global online food delivery services market size was valued at USD 23,539.40 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2019 to 2025. Our sales representative will reach you shortly with the details. Suitable for supporting your internal and external presentations with reliable high quality data and analysis. Estate and Construction, India Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), Italy Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), Philippines Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), Indonesia Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), Spain Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026), UAE Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026). The Online Food Delivery Market is growing at a CAGR of 6.24% over the next 5 years. Market Analysis by Application Reach: The Online Food Ordering and Delivery market is further bifurcated into various applications. China is one of the largest markets for global online food delivery. Additionally, Europe also has strong growth rates, with high user penetration in the Netherlands, the UK, France, and Germany. The Online Food Delivery market Report is a comprehensive document containing key information on key players, market trends, price analysis and market overview for the forecast period. Global Online Food Delivery Services Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion, 4. Increased internet penetration rate, quick access to smartphones, simplified e-banking systems, improved food-service logistics, coupled with changing lifestyles, are some of the prime factors driving the online food delivery market growth. Tracking Delivery Data. According to the latest report by IMARC Group, titled “ India Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ” the India online food delivery market size reached a value of US$ 4.35 Billion in 2020. According to the report by Capgemini, in 2019, the retailers could lose up to 26% of their profit if they fail to upgrade their logistics system to ensure on-time delivery despite the increased online grocery system. Global Online Food Delivery Services Historic Market, 2015 - 2019, $ Billion, 3.2. Online Food Delivery Services Market Characteristics, 3. This research document highlights the market size, compound annual growth rate, and forecast of this business sphere from every application listed. Processes, Real The global online food delivery market reached a value of US$ 84.6 Billion in 2018. Some of the recent trends in the market studied include real-time order tracking and customized food delivery. According to the latest report by IMARC Group, titled “Vietnam Online Food Delivery Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, the online food delivery market in Vietnam grow at a CAGR of 34% in 2014-2029. Your payment is successful. In January 2020, Zomato, an Indian food delivery services company, has acquired Indian operations of Uber Eats for $350 million in an all-stock transaction. The global online food delivery market is forecasted to register a CAGR of 6.24% during the forecast period (2019 - 2024). All Rights Reserved to Mordor Intelligence. Additionally, players are increasingly offering technological innovation, order customization, and increasing the number of partnering restaurants, to improve their offerings. Summary The report moreover comprises of the market drivers and limitations which may be gotten from a SWOT assessment of the Online Food Delivery market. For players in the online food delivery market, some of the foremost drivers for future order growth are the continued investment in marketing, which helps drive brand awareness and customer traffic to company’s platforms, and continuous investment in technology, which ensures the platforms are stable, secure, efficient and scalable. Benchmark performance against key competitors. The key strategies preferred by companies to strengthen their market dominance. Online Food Delivery Services Market Segmentation, 4.1. The online food delivery market is comprised of a diner demographic that is pressed for time due to their fast-paced schedules. This cost includes the cost incurred for order fulfillment, delivery cost, adjusting business resources to dynamic market demand and last-mile connectivity. However, unwillingness of big food outlets to adopt this system along with the potential technical and infrastructural issues hinder the growth of this market. An increase in smartphone users has given a boost to online food delivery services worldwide. © 2021. & Communications Technology, Investment Animal Whether or not you agree that it has long been at the forefront of dine-at-home ordering, it’s hard to ignore the importance of the following statistics for the industry as a whole. DUBLIN--(BUSINESS WIRE)--The "Online Food Delivery Services Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. Report. Laura Wood, Senior Press Manager Most of the leading players are following logistics-focused food delivery system due to the model’s ability to help gain scale with limited costs and increased speed. The global online food delivery services market is expected grow from $115.07 billion in 2020 to $126.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The US food delivery market has always produced huge numbers. These expenses include marketing for both customer and restaurant acquisition. our privacy policy, By submitting, you confirm that you agree to our privacy The slow growth in 2020 is … The report highlights the current impact of COVID-19 on the Online Food Delivery market along with the latest economic scenario and changing market dynamics. Europe is growing at the highest CAGR over 2021- 2026. With the new online platforms making inroads around the world, the food-delivery market is in the midst of a dramatic channel migration. The global online food delivery services market size is valued at USD 1.54 billion in 2019 and is predicted to succeed in USD 5 billion by 2028, registering a CAGR of 15.4% over the forecast period. include expansion, mergers and acquisitions, partnerships to achieve consolidation and optimize their offerings. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding … Report scope can be customized per your requirements. Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Asia Pacific holds highest share in 2020. A new research report from RMoz aims at presenting 360-degree view of the global Online Food Delivery Platform market for the forecast period of 2020 to 2026. For instance, Delivery Hero’s marketing expenses included expenses for customer acquisition worth EUR 148.6 million, which increased from being EUR 91.7 million in 2017. Updated: February 15, 2021 The food delivery market has seen significant growth over the past five years. As represented by the graph, the market studied is marked by increased marketing investments by some of the key players such as Delivery Hero and Just Eat. Hence increase in smartphone users and internet penetration is driving growth in online food delivery services. 2. Food delivery is growing rapidly across Europe. ", We use cookies for a better user experience. North America was the second largest region in the online food delivery services market in 2019. The global online food delivery services market size is expected to reach USD 63,551.77 million by 2025, registering a CAGR of 15.4% over the forecast … The market is then expected to grow and reach $154.34 billion in 2023 at CAGR of 11.51%. New York, April 27, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Online Food Delivery Services Global Market Report 2021: COVID-19 Growth … For instance, in November 2018, Swiggy expanded its operations by launching services in 16 new cities in addition to the existing 28 cities in India. In the United States, UberEATS and GrubHub are some of the leading players. Existing estimates suggest that the market is experiencing double-digit growth rates and could be worth $25bn by 2023. Increased internet penetration rate, quick access to smartphones, simplified e-banking systems,  improved food-service logistics, coupled with changing lifestyles, are some of the prime factors driving the online food delivery market growth. Are the major companies operating in Online Food Delivery Market. Online food delivery in the US - the key statistics. & Materials, Consumer Nanakramguda Rd, Financial District, Gachibowli. MARKET OPPORTUNITIES AND FUTURE TRENDS. Thank you for your Purchase. Outperform competitors using forecast data and the drivers and trends shaping the market. Global Online Food Delivery Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 5.2. The online food delivery market is segmented by business models as logistics-focused, order-focused, and restaurant-specific; by platform type as mobile/tablet applications and websites; and by geography. By submitting, you confirm that you agree to The report predicts the global online food delivery market to grow with a CAGR of 15.8% over the forecast period from 2019-2025. & Tourism, Information Dublin, May 12, 2020 (GLOBE NEWSWIRE) -- The "Online Food Delivery Services Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. The major segments include the millennials and high-income households. Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 The global online food delivery market reached a value of US$ 84.6 Billion in 2018. The global online food delivery services market is expected grow from $115.07 billion in 2020 to $126.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. Report will be updated with the latest data and delivered to you within 3 working days of order. Online food delivery is a courier service in which a restaurant, store, or independent food delivery company delivers food to a customer. The combined entity of Zomato and Uber Eats India is expected to corner more than a 50-55% market share in terms of the number and value of orders. The increasing use of smartphones and internet penetration are contributing to the market growth Payment Failed. Understand customers based on the latest market research findings. With such a large part of the delivery flow in the hands of third parties, it’s … Food delivery is growing rapidly across Europe. The Report will be delivered with in 24-72 hours. Market Overview. Thus, the report highlights various important factors shaping the market growth. Online Takeaway Food Delivery Market was valued at USD 48.18 Billion in 2018 and is projected to reach USD 112.53 Billion by 2026, growing at a CAGR of 15.8% from 2019 to 2026.. By 2015, online ordering began overtaking phone ordering. Smartphone users are the primary online shoppers for the F&B industry and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages. Online Food Delivery Services Market Size And Growth, 3.1. The global online food delivery market report is segmented, based on the business model, payment method, platform type, and geography. Online Food Delivery Services Market Regional And Country Analysis, 5.1. Online food delivery is a process of ordering and delivering food items to the customers at their doorsteps who have ordered their food through various food delivery websites and applications by using their computers or … Click here. Therefore, the costs incurred by the supplier side may restrain the growth of the online food delivery services market. Online Takeaway Food Delivery Market Size And Forecast. The market growth is often attributed to the supply of several delivering platforms and significant shift from using websites to using mobile application services for ordering food. The Global Online Takeaway Food Delivery Market report provides a holistic evaluation of the Market for the forecast period (2019–2026). According to the MCA Foodservice Delivery Report 2018, food delivery was worth The world F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. For E.S.T Office Hours Call 1-917-300-0470 India Online Food Delivery Market will be US$ 21.41 Billion by 2026, from US$ 4.66 Billion in 2020 India Online Food Delivery Industry will grow at a staggering CAGR of 28.94% during 2020-2026. $26,527 million: the total value of online food deliveries expected in 2020; 20.2%: the year-on-year growth experienced in the US food delivery market; … The global online food delivery services market is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a growth rate of 3.61%. This report provides the strategists, marketers and senior management with the critical information they need to assess the global online food delivery services market. Please be sure to check your spam folder too. In 2010, Snapfinger, who is a multi-restaurant ordering website, had a growth in their mobile food orders by 17 percent in one year. 1.1 Study Deliverables and Market Definition, 4.3 Industry Attractiveness - Porter's Five Force Analysis, 5.1.1 Logistics-Focused Food Delivery System, 5.1.3 Restaurant-Specific Food Delivery System, 6.2 Strategies Adopted by Leading Players, 7. To understand geography trends, Download Sample The online food delivery market is also supplemented by growth in mobile phone dependency. For U.S./CAN Toll Free Call 1-800-526-8630 By geography, the online food delivery market has been classified by North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. We are always looking to hire talented individuals with equal and extraordinary proportions of industry Moreover, too much competition and lack of loyal customers also act as a threat to this market. In fact, more than 70% of online orders and at-home delivery services comprise of customers between the ages of 21 and 36 years of age. "Sorry! The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. Please check with your bank for further details. The Global Online Food Delivery and Takeaway Market is projected to display a robust growth represented by a CAGR of 16.46% during 2019 - 2024. We expect online delivery to grow by 25.0 percent per year from 2015 to 2018 in key markets, after which it will taper off … Asia-Pacific market has a high market share in the global market, mainly due to strong user penetration rates in China and Japan. Global Online Food Delivery Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 4.2. By platform type, the market has been segmented as mobile / tablet applications and websites. This study looks at how technology is contributing to that growth and measures the resulting impact on … In 2018, Frost & Sullivan estimated the industry at $82 billion in terms of gross revenue bookings and is set to more than double by 2025, backed by … Thus, companies are increasing their investments in research and development (R&D) and marketing and expanding their geographical reach to maintain their position in the market. Create regional and country strategies on the basis of local data and analysis. Nutrition & Wellness, Chemicals To understand key trends, Download Sample The growth … The Online Food Delivery Market market is studied from 2016 - 2026. Report. Goods and Services, Financial The supply chain and logistics has to be in place in order to avoid the spoilage of products with limited shelf life. In China, ordering food online is highly popular with players such as Alibaba-backed Ele.me and Tencent-backed Meituan. Services and Investment Intelligence, Hospitality Utilize the relationships between key data sets for superior strategizing. The growth of internet users, availability of labour for gig economy, change in lifestyles and increasing disposable incomes are some of the drivers of growth for the online food delivery market. The cost of supply chain and logistics will be the key restraint for the online food delivery services market. The global online food delivery services market is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a growth rate of 3.61%. The global online food delivery market is forecasted to register a CAGR of 6.24% during the forecast period (2019 - 2024). Such increases in marketing spending reflect the increased competition in certain markets as well as the continuous roll-out of the company’s delivery operations. Some of the market leaders in Europe include Delivery Hero, Just Eat and Takeaway.com. The market studied is highly competitive and some of the leading players offering online food delivery service include Deliveroo, Just Eat, Delivery Hero, Grub Hub, and Uber Eats. In this study, user is enlightened on the drivers, restraints, challenges, growth opportunities, and trends in the global Online Food Delivery Platform market. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. Based on the business model, the global online food delivery market has been segmented into logistics-focused food delivery system, order-focused food delivery system, and restaurant-specific food delivery system. Opportunities, Manufacturing For GMT Office Hours Call +353-1-416-8900, "Online Food Delivery Services Global Market Report 2020-30: COVID-19 Growth and Change", https://www.researchandmarkets.com/r/bymor. expertise, problem solving ability and inclination. Global Online Food Delivery Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, For more information about this report visit https://www.researchandmarkets.com/r/bymor, ResearchAndMarkets.com The Online Food Delivery segment is expected to show a revenue growth of 5.8% in 2022. The Asia Pacific was the largest region in the online food delivery services market in 2019. Besides, there are costs of cardboard boxes for packaging, gas, mileage and the cost for hiring a driver. policy. In 2015, China's online food ordering and delivery market grew from 0.15 billion yuan to 44.25 billion yuan. Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies. Global Online Food Delivery Services Market, Segmentation By Channel Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion, 4.3.

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