Press release
Online Food Delivery Services Market Size Worth $154.34 Billion by 2023 | Top Players takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino`s pizza, Grubhub, foodpanda, Just eat | Covid 19 Growth And Change
Online Food Delivery Services Market
The global online food delivery services market is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a growth rate of 3.61%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $154.34 billion in 2023 at CAGR of 11.51%.
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The online food delivery services market consists of sales of online food delivery services and related services primarily for household consumption. The online food delivery services market includes all companies involved in distributing the packages received from hospitality establishments and have an online portal or an application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption. Online food delivery service has two segments, restaurant-to-consumer delivery includes delivery of order directly by the concerned restaurant, whereas, Platform-to-consumer segment involves online delivery services that deliver orders of partner restaurants.
An increase in smartphone users has given a boost to online food delivery services worldwide. Smartphone users are the primary online shoppers for the F&B industry and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages. The world F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Hence increase in smartphone users and internet penetration is driving growth in online food delivery services.
Online Food Delivery Services Market Segmentation: -
By Type
Platform-to-Customer
Restaurant -to-Customer
By Channel Type
Websites
Mobile Applications
By Payment Method
Cash On delivery
Online Payment
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Few Points From Table Of Content
1. Executive Summary
2. Online Food Delivery Services Market Characteristics
3. Online Food Delivery Services Market Size And Growth
4. Online Food Delivery Services Market Segmentation
5. Online Food Delivery Services Market Regional And Country Analysis
......
25. Online Food Delivery Services Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Online Food Delivery Services Market
27. Online Food Delivery Services Market Trends And Strategies
28. Online Food Delivery Services Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Online Food Delivery Services Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Online Food Delivery Services Market are takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino`s pizza, Grubhub, foodpanda, Just eat
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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