Insights Into The Online Food Delivery Services Market’s Growth Opportunities Through 2023-2032 – Includes Online Food Delivery Services Market Trends
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An increase in smartphone users are expected to drive innovation in online food delivery services manufacturing, thus driving the market during the forecast period.
The global online food delivery services market is expected to grow from $128.32 billion in 2022 to $143.05 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The global online food delivery services market size is expected to grow to $159.46 billion in 2027 at a CAGR of 2.8%.
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- By Type:Platform-to-Customer, Restaurant-to-Customer
- By Channel Type:Websites, Mobile Applications
- By Payment Method:Cash On delivery, Online Payment
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global online food delivery services market in 2021.
Major Market Players in the online food delivery services market include takeaway.com, Doordash, Deliveroo, Uber Eats, Zomato, Swiggy, Domino’s Pizza, Grubhub, Foodpanda, and Just Eat.
Upgradation of the distribution network to a more decentralised system, Distribution 4.0, is trending in the food delivery services market. In Distribution 4.0, supplier partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create a best-in-class shopper experience. They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon has announced plans to team up with many small-scale businesses, retail outlets, and rural supermarkets to increase their last-mile connectivity. Therefore, the trend of Distribution 4.0 is envisioned to have some positive effects on online food delivery services.
The Online Food Delivery Services Global Market Report 2023 provides a online food delivery services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online food delivery services market forecast analyzes online food delivery services market size, online food delivery services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Online food delivery services refer to a shipping service for food in which companies are involved in distributing the packages received from hospitality establishments and have an online portal or application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption.
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