Industry Background:
The global digital food delivery market is expected to witness high demand in the forecasted period due to Increasing digitization across the developing as well as developing countries. Digital food delivery provides delivery od food through the internet to the customer doorsteps, home, or office. The customers can avail of food from hundreds of cuisines and restaurants with the detailed pricing of each food. Right from selecting the preferred food online, up till payment of the order with a cashless transaction, it takes nearly no time and gets the delivery done directly into the doorstep with ease. Domino’s is an example of a restaurant with its own digital ordering and delivery platform. Consumers can use the pizza maker’s app to order in advance and pick up their food in the restaurant. They can use the same app to place an order for delivery via the Domino’s team of drivers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Meituan Waimai (China), Just-eat (United Kingdom), GrubHub (United States), Delivery Hero (Germany), UberEATS (United States), Doordash (United States), Postmates (United States), Takeaway.com (Netherlands), Mr. D food (South Africa) and Deliveroo (United Kingdom) |
According to AMA, the market for Digital Food Delivery is expected to register a CAGR of 11.3% during the forecast period to 2028. This growth is primarily driven by High Adoption due to Rapid global digitalization has helped to make digital delivery platforms smooth and reliable and Increasing Penetration of the Internet and Smartphones.
Globally, a noticeable market trend is evident Upsurging Demand of Digital Food Delivery due to COVID-19 Pandemic
The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Meituan Waimai (China), Just-eat (United Kingdom), GrubHub (United States), Delivery Hero (Germany), UberEATS (United States), Doordash (United States), Postmates (United States), Takeaway.com (Netherlands), Mr. D food (South Africa) and Deliveroo (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
On 20th January 2020, Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace, today launched its Ultimate technology, a revolutionary, first-of-its-kind proprietary hardware, and software solution that integrates all restaurant ordering channels into one system.
In October 2023, Just Eat is launching an AI-powered assistant on its app so users can build and customise orders via chat messaging or their voice.
Influencing Trend:
Upsurging Demand of Digital Food Delivery due to COVID-19 Pandemic and Rising Demand Owing to The Increasing Adoption Rate of Cashless Economy Online Transaction
Market Growth Drivers:
High Adoption due to Rapid global digitalization has helped to make digital delivery platforms smooth and reliable and Increasing Penetration of the Internet and Smartphones
Challenges:
The Stringent Government Regulation Related to The Food Products
Restraints:
Technological Complexities associated with Digital Channel and The Concern Related to Food Damaging
Opportunities:
Technological advancement Associated with Food Delivery such as Drone and Robot Delivery Systems and Growing Demand due to Attractive Promotional and Marketing Strategies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Food Delivery Market
- Analysis about New Entrants in Digital Food Delivery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Food Delivery Study Sheds Light on
The Digital Food Delivery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Food Delivery industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Food Delivery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.