About Online Food Delivery Service
The changing nature of urban consumers may have contributed to the growth of online meal delivery businesses. Food delivery services are used by these customers for a variety of reasons, but the most common one appears to be the requirement for quick and easy meals during or after a long day at work. The numerous food delivery services that are widely available relieve customers of the burden of thinking about and planning meals, whether the consumer is preparing the meal himself, dining in at a restaurant, or going to a restaurant and purchasing food to take back to the office or home. Restaurants may create a sense of luxury by serving food in premium packaging, transporting customers to exotic locations, and providing a high-quality in-house experience without them having to visit the restaurant. This trend is especially pertinent during the global pandemic when consumers are yearning for a respite from their fatigue and a semblance of routine.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 16.1% |
Due to the presence of established local firms, the market is highly fragmented and characterized by intense competition. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Online Food Delivery Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DoorDash (United States), Just Eat Holding Limited (United Kingdom), Swiggy (India), Takeaway.com (Netherlands), Uber Technologies Inc. (United States), Postmates Inc.(United States), Foodpanda (Germany), Ele. me (China), Glovoapp23 SL (Spain), Waiter.com (United States) and Domino's pizza (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are iFood (Brazil), Door Dash (United States) and GrubHub (United States).
Segmentation Overview
AMA Research has segmented the market of Global Online Food Delivery Service market by Type (Restaurant-to-Consumer and Platform-to-Consumer) and Region.
On the basis of geography, the market of Online Food Delivery Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Business Model, the sub-segment i.e. Order Focused Food Delivery System will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform Type, the sub-segment i.e. Websites will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online will boost the Online Food Delivery Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The expansion of delivery aggregators across Developing as well as Developed Countries and The Increasing Number of Dual Income Families
Market Growth Drivers:
The High Adoption of Internet and Smartphones and The Growing Food Industry across The Globe
Challenges:
The Stringent Government Regulations Regarding the Food Services
Restraints:
The Lack of Awareness and Skilled Forces in The Emerging Economies
Opportunities:
The increasing infrastructural advancements in emerging economies and The Growing Popularity of Quick Access to Food at Affordable Prices
Key Target Audience
Online Food Delivery Service Provider, Government Regulatory Bodies, Private Research Organization, Government Regulatory Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.