About Third-Party Food Delivery Services
Third-party food delivery Service is an option for businesses seeking to deliver their food and food products to consumers. Instead of having to use their own vehicles and drivers, businesses can outsource these services to a third-party food delivery service. Third-party food delivery Service has become an integral part of the urban lifestyle. It provides an online menu and options for the user to select from various restaurants. The images of cuisine and dishes attract and motivate a user to order food. Users can also manage their diet using an online food delivery service. Food delivery service provides various offers. Everyone loves offers from their favourite restaurant. An offer attracts users and also promotes the restaurant. Third-Party Food Delivery Service offers different modes of payment like Credit cards, debit cards, net banking, and COD. A wallet option is also provided to help users pay for their orders. A wallet also helps in promos and offers as it also increases the engagement of the app. Third-Party Food Delivery Services are typically beneficial for both Consumers and Food providers. These will enhance their market presence
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.7% |
Third-Party Food Delivery Service is a fragmented market due to the presence of various players. The players are focusing on investing more in launching the software, app, and websites and developing the consumer’s satisfaction level. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Third-Party Food Delivery Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Deliveroo (United Kingdom), Doordash (United States), GrubHub (United States), Mr. D food (South Africa), Swiggi (India), UberEATS (California), Zomato (India), Square Inc. (United States), Meituan Waimai (China) and Just-eat (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Postmates (California), Delivery Hero (Germany), Waiter.com (United States), Ele. me (China) and Takeaway.com (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Third-Party Food Delivery Services market by Type (Food Aggregators and Full-service Platforms), Application (Personal, Family and Enterprise) and Region.
On the basis of geography, the market of Third-Party Food Delivery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Service Type, the sub-segment i.e. Software-based will boost the Third-Party Food Delivery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of the smart technology with Developments in Cloud Kitchens enhances the demand for services, Rising Customer Loyalty Programs for Third-Party Food Delivery Services and Introducing Drone food delivery services
Market Growth Drivers:
Attractive Offers and Payment Flexibility to Boost the Demand for Online Third-Party Food Delivery Services and Increasing Third-Party Food Delivery Services Can Help To Boost Food Provider's Profit
Challenges:
Massive Rush in Online Orders Makes Third-Party Food Delivery Services Struggle for Maintaining Food Quality Standards, Mishandling of ordered food items is the biggest problem faced by the Users and The shift in Customer Preferences about the food delivery services
Restraints:
Customer Satisfaction Rate Is Low Because the Quality Of Food Get Suffer Therefore It Badly Impacts On The Food Delivery Services. and Revenue Conflicts between the Restaurants and Food Delivery Services
Opportunities:
The increasing infrastructural advancements in emerging economies and The Growing Popularity of Quick Access to Food at Affordable Prices
Market Leaders and their expansionary development strategies
In December 2022, Swiggy acquired the Dineout, Dineout Giving diners a cashless payment experience across restaurants & an opportunity to earn cashback on every payment
In October 2023,Zomato has launched Xtreme, a hyperlocal delivery service that will leverage its two-wheeler fleet of over 3 lakh executives. According to sources, the service has been rolled out in almost all of the nearly 750-800 cities where Zomato offers food delivery, and is available on a separate app.
Key Target Audience
Manufacturing, Providers, Suppliers 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.