Get More Information on Online Food Delivery Services Market - Request Sample Report
The Online Food Delivery Services Market Size was valued at USD 172.67 billion in 2023 and is expected to grow to USD 434.59 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 11.20% over the forecast period from 2024 to 2032
Online food delivery is the process of ordering and delivering meals to clients' homes who have made their orders through various food delivery websites and applications on their computers or smartphones. A consumer will search for a favorite restaurant, choose items from the menu, select a payment method, and complete the transaction. Customers may register and maintain accounts on food delivery apps to make future ordering easier. Online meal delivery is gaining popularity since it helps both customers and food service businesses. Online meal delivery is a service that allows users to order food via a website or application over a digital platform. These systems make ordering meals simple and convenient by building and managing user accounts.
The online food delivery services market consists mostly of sales of online meal delivery services and related services for domestic usage. The online food delivery services industry includes all firms that send packages obtained from hospitality establishments and have an online portal or application for their sales. Food might be ready-to-eat or must be cooked ahead of time for immediate consumption. The food business has changed drastically over the previous decade, especially since the advent of the online delivery model.
KEY DRIVERS
The increasing number of dual-income households, as well as altering lifestyle and food habits.
The increased desire for rapid access to economical food.
Online delivery businesses include enticing discounts, incentives and cashback programs, doorstep delivery, and a variety of payment choices.
RESTRAINTS
Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk
When the volume of meal orders is excessive, the quality of the food supplied suffers.
OPPORTUNITY
Rising infrastructure investment in developing economies.
The rise of virtual restaurants and delivery-only kitchens is projected to open up new business opportunities.
During the 2019 novel coronavirus (COVID-19) pandemic, which saw increased demand for home delivery during government-mandated stay-at-home times, online meal delivery usage skyrocketed. COVID-19's consequences may jeopardize decades of development progress. Companies restarting operations and adjusting to the "new normal" produced by the Coronavirus disease (COVID-19) epidemic are driving growth in food delivery. Previous rigorous containment measures and commercial activity closures caused operating issues for the majority of 2020.
The online meal delivery services industry is divided into two types: restaurant-to-consumer and platform-to-consumer. The platform-to-consumer category is expected to rise throughout the projection period. The platform-to-consumer approach handles the logistical and resource components of food delivery while also providing shipment services to restaurants without in-house delivery capabilities. In 2023, the restaurant-to-consumer type category held a significant market share. Restaurants handle the shipment component in this approach, while internet meal delivery service companies handle the ordering procedure. In order to penetrate the market, firms using this strategy offer consumers loyalty and subscription programs.
The market for online meal delivery services is divided into two channels: websites/desktop and mobile applications. The mobile apps category is expected to increase throughout the projected period. The segment's expansion may be attributable to rising smartphone adoption as well as technical developments like 3G and 4G networks. In 2023, the website/desktop category held a sizable market share. The rising number of restaurants attempting to enhance foot traffic by developing their online presence through websites can be contributed to the segment's rise.
The market for online meal delivery services is divided into two segments based on payment method: cash on delivery and online payment. Over the projected period, the online payment category is predicted to increase significantly. Payments made via payment portals, net banking, or credit/debit cards are examples of online payment services. In 2023, the cash-on-delivery sector held the biggest market share. The segment's expansion may be ascribed to the fact that many consumers choose to pay in cash since they are concerned about the security of their online payment transactions. Banks, on the other hand, are focused on improving security and providing extra services to customers, which is expected to help transform the situation in the future years.
On The Basis of Type
Restaurant-to-Consumer
Platform-to-Consumer
On The Basis of Channel Type
Websites/Desktop
Mobile Applications
On The Basis of Payment Method
Cash on Delivery
Online
Because of high user penetration rates in the United States, the North American market has a large market share in the worldwide market. It is one of the world's major marketplaces for online meal delivery. It is now the world's largest online meal delivery market. Several reasons are now driving the online meal delivery sector in North America. Significant urban population, busy lifestyles, and rising internet and smartphone penetration are some of the primary variables driving the region's online meal delivery industry development. Furthermore, the United States' enormous young population, which accounts for the majority of the customer base, has aided this expansion. Various online food delivery service providers are experimenting with novel food delivery methods such as self-driving cars, drones, and robots, which is positively impacting the market growth.
Get Customized Report as per Your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, FoodPanda & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 172.67 Billion |
| Market Size by 2032 | US$ 434.59 Billion |
| CAGR | CAGR 11.20% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Restaurant-to-Consumer and Platform-to-Consumer) • by Channel Type (Websites/Desktop and Mobile Applications) • by Payment Method (Cash on Delivery and Online) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, FoodPanda |
| Key Drivers | •The increasing number of dual-income households, as well as altering lifestyle and food habits. •The increased desire for rapid access to economical food. |
| Market Restraints | •Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk •When the volume of meal orders is excessive, the quality of the food supplied suffers. |
Ans: - CAGR over the next few years for the Online Food Delivery Services market will be 11.20%.
Ans: - Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk and when the volume of meal orders is excessive, the quality of the food supplied suffers.
Ans: - The North American market has a large market share in the worldwide market.
Ans: - The major key players are DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, and FoodPanda.
Ans: - The study includes a comprehensive analysis of Online Food Delivery Services Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Online Food Delivery Services Market Segmentation, by Type
8.1 Restaurant-to-Consumer
8.2 Platform-to-Consumer
9. Online Food Delivery Services Market Segmentation, by Channel Type
9.1 Websites/Desktop
9.2 Mobile Applications
10. Online Food Delivery Services Market Segmentation, by Payment Method
10.1 Cash on Delivery
10.2 Online
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 DoorDash
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Just-Eat Holding Limited
12.3 Swiggy
12.4 Takeaway.com
12.5 Uber Technologies Inc.
12.6 Grubhub Holdings Inc.
12.7 Delivery Hero SE
12.8 Deliveroo Plc
12.9 Zomato Limited
12.10 FoodPanda
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Beer Cans Market size was USD 12.75 billion in 2023 and is expected to reach USD 17.58 billion by 2031 and grow at a CAGR of 4.1% over the forecast period of 2024-2031.
The Corrugated Bulk Bins Market size was USD 12.43 billion in 2023 and is expected to Reach USD 17.68 billion by 2031 and grow at a CAGR of 4.5 % over the forecast period of 2024-2031.
The Cassava Bags Market Size was valued at USD 67 million in 2023 and is projected to reach USD 130.62 million by 2032 and grow at a CAGR of 7.7% over the forecast periods 2024 -2032.
The Biodegradable Packaging Market Size was valued at USD 472.80 billion in 2023 and is expected to reach USD 765.02 billion by 2031 and grow at a CAGR of 6.2% over the forecast period 2024-2031.
The Trash Bags Market size was USD 12.95 billion in 2023 and is expected to Reach USD 26.10 billion by 2032 and grow at a CAGR of 8.1% over the forecast period of 2024-2032.
The Converted Flexible Packaging market size was valued at USD 19.23 Billion in 2023 and is expected to reach a market size of USD 27.60 billion by the end of 2032 at CAGR about 4.10% during the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
