About Food Delivery
Food Delivery is a service that is provided by the food and beverage companies to the consumers. These services can be done either by the website or mobile phone applications. There has been a significant rise in the number of people order food delivery and takeout once in a week with the figure stood up to 60 percent in the United States alone in 2018. The concept of these food delivery services is mainly generated through apps and thus draws a pretty straightforward process of look for a dish and then ordering it from a restaurant (or cloud kitchen). The food delivery market is growing year by year and is also making wonder with their countless other food delivery startups everywhere. For example, in 2018, Wolt, a food delivery platform has been offering its services in Scandinavia until then it expanded across different counties such as Croatia, the Czech Republic, Norway, Hungary, Georgia. Thus enhancing the market pace in different geographical regions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Food Delivery market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for CVD lab grown diamond market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Europe Vendors will contribute the maximum growth to Global Food Delivery 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 (Germany), Deliveroo (United Kingdom), Gousto (United Kingdom), Takeaway.com (The Netherlands), Food Panda (Germany), Hello Fresh (Germany), Wolt (Germany) and Glovo (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CaterWings (United Kingdom), Bolt Food (Estonia), Mindful Chef (United Kingdom) and Farmdrop (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Food Delivery market by Type (Online and Offline) and Region.
On the basis of geography, the market of Food Delivery 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 Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Delivery Model, the sub-segment i.e. Traditional Delivery Model will boost the Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Boxes will boost the Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel Type, the sub-segment i.e. Restaurants will boost the Food Delivery 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. Cash on Delivery will boost the Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An increasing trend of online food delivery apps has fueled the market. For example, the food delivery market is estimated to be worth 6.2 billion British pounds in 2017, via online delivery concepts. But, telephone orders are also a still account for the largest share of orders, thus increasing the number of meal deliveries orders.
Market Growth Drivers:
Increasing Consumption of Packed Foods by Consumers and Increasing Number of Working Population Coupled with Working Women's
Challenges:
Lack of Loyal Consumers also acts as a Threat in this Industry and Sluggish Growth due to Food Recall, Because of the Quality of Food
Restraints:
Failure of Infrastructure Issues with Network Technicalities and Fluctuation in Food Service Process
Opportunities:
Rising Demand from Asia-Pacific Region and Rising Technological Advancements such as Apps, Websites and Many More
Market Leaders and their expansionary development strategies
In January 2020, Takeaway.com wins the Just Eat merger battle, creating a new food delivery giant. This merger will be helpful for Takeaway and Just Eat to create one of the world’s largest meal delivery companies, handling orders worth more than rivals like GrubHub, Delivery Hero, and Uber Eats. This news will mean increased competition for European startups like Deliveroo and newly crowned unicorn Glovo.
In November 2019, Deliveroo launches food orders for pickup. This product launch is beneficial in the term of delivering orders by offering users a pickup option, called “Pickup,” as an alternative to paying a delivery fee and waiting for lunch to arrive.
Key Target Audience
Food Delivery Manufacturers, Food Delivery Traders, End-Use Market Participants of Different Segments of Food Delivery, Government and Research Organizations, R&D Institutions 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.