About Online Food Delivery & Takeaway
Online food delivery & takeaway is the process of food delivery or take out from local restaurants through online portals or mobile apps. Changing lifestyle of people fueled by growing disposable income has bolstered the demand of such services. Amid fierce competition, incorporation of new technologies is expected to provide leading edge to the key players. Delivery by drone and incorporation of AI will change the ball game entirely, though quality of services will determine long term growth. The online food industry is expected to be over 18 billion by the end of 2019 in United States with companies geared up to come up with innovative technologies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Online Food Delivery & Takeaway 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.
Delivery Hero Holding GmbH [Germany], Foodpanda GmbH [Germany], Just Eat Holding Ltd. [United Kingdom], Takeaway.com N.V. [Netherlands], Grubhub Inc. [United States], Domino's Pizza Inc. [United States], Snapfinger Inc. [United States], Pizza Hut Inc. [United States] and Foodler Inc. [United States] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Swiggy [India], Zomato [India], UberEats [United States], Deliveroo [United Kingdom], DoorDash [United States] and Postmates [United States].
Segmentation Overview
AMA Research has segmented the market of Global Online Food Delivery & Takeaway market by Type (Delivery and Takeway) and Region.
On the basis of geography, the market of Online Food Delivery & Takeaway 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 Platform, the sub-segment i.e. Mobile will boost the Online Food Delivery & Takeaway market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modes of Payment, the sub-segment i.e. Debit Card will boost the Online Food Delivery & Takeaway market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology is Propelling the Industry Forward and Delivery by Drone is a Trend to Watch Out for and Tampered Proof Packaging to Avoid Food Tampering
Market Growth Drivers:
Availability of the Services on the Go Owing to Growing Internet Penetration and Changing Life Style and Standards Fueled by Growing Disposable Income
Challenges:
Discrepancy Between Restaurant and Food Delivery Companies and High Competitive Rivalry Makes It tougher for New Entrants to Establish in the Market
Restraints:
Inability to Maintain Quality of Services on Consistent Basis and High Cost of Food Delivery and Takeaway Services
Opportunities:
Incorporation of AI and Growing Millennial Inclination Towards Online Food and Takeaway Services
Market Leaders and their expansionary development strategies
In June 2020, Just Eat Takeaway.com (JET), the leading European online food ordering and delivery firm outshined Uber, the ride-hailing giant and inked a deal to acquire Grubhub, one of the leading online food delivery service providers in the USA in an all stock deal.
In March 2021, Online food aggregator Zomato launched 'Zomato Instant' for delivery of food within 10 minutes. Sophisticated dish-level demand prediction algorithms, and future-ready in-station robotics are employed to ensure that your food is sterile, fresh and hot at the time it is picked by the delivery partner
Food Services directly affect the individual health and stern regulations are there in place to safeguard consumers health and to stop adulteration of any kind by global food security bodies such as FDA. The agency also mandates packaging of food items with labeling.
Key Target Audience
Food Service and Takeaways Service Providers, Restaurants, Government Agencies, Potential Investors 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.