Online Food Delivery Market: CAGR of 10.39%, Future Innovation Ways, Growth & Profit Analysis, Forecast By 2027 | Deliveroo, Just Eat, Delivery Hero, Grub Hub, Uber Eats etc

The global online food delivery market size is worth USD 121.57 Billion in 2020. The industry is further expected to grow at a CAGR of 10.39% between 2021 and 2027 and is predicted to reach a market value of approximately USD 189.07 Billion by 2027.

The increasing requirement for quick access to food at cheap costs is also powering the growth. Advantages provided by online delivery services include rewards & cashback offers, attractive discounts, multiple payment options, and doorstep delivery.

Top Online Food Delivery Companies:-

The market is highly competitive, and several leading key players offering online food delivery services include Deliveroo, Just Eat, Delivery Hero, Grub Hub, Uber Eats, etc. are operating in a highly competitive market environment. The company’s key strategies to strengthen its market dominance include partnerships, mergers & acquisitions, and expansion to achieve consolidation and optimize its offerings.

Additionally, players are increasingly offering order customization, technological innovation, and increasing the number of partnering restaurants to improve their offerings and services.

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Scope of the Report:

Economic growth and increasing internet penetration are accelerating the global development of the e-commerce sector.
Additionally, consumers are using online services due to the rise in disposable income followed by trustworthy electronic payments, a range of suppliers, and expanding delivery networks are also contributing to the growth of the online food delivery market. Worldwide, approximately 4% of food is retailed via restaurants and fast-food chains.

The market has already entered into the maturity phase in most countries, with steady growth. The widely used method, so far, is still the conventional method, in which food is ordered online by the consumer through a third-party platform or restaurant's own website. After restaurants accept the order, they wait for the restaurant to bring the food to the door. This conventional method acquires more than 90% percent of the market, out of which almost one-third are placed via phone.

Online food companies are already finding the way to delight their customers are demanding such services. Online food delivery is already having a considerable impact on the dine-in restaurant business. For instance, Celebrity chef Jamie Oliver cited online food delivery services as one of the main reasons for his restaurant chain growth.

The prospect of spending a day at home and with on-demand Netflix & Chill and munching on favorite on-demand dinner trend is on the rise. Such factors are accelerating the market growth in a positive direction.

The market is segregated based on platform type, which is further divided into websites and applications. Based on the business model type, the market is segmented into order focused food delivery system, a logistics-based food delivery system, and a full-service food delivery system. On the basis of payment mode, the market is divided accordingly into online payment and cash on delivery.

During the COVID-19 outbreak, online food delivery becomes more demanding as its elevated consumer access to prepared meals and allowed food providers to keep operating. From an economic viewpoint, while online food delivery provides job and sale opportunities, it has been scrutinized for the high commission charges applied by restaurants and questionable working conditions for delivery individuals.

From a social perspective, online food delivery influences consumers' connection with their food and impacts public health outcomes and traffic systems. Environmental impacts include notable waste generation and its high carbon footprints.

The COVID-19 outbreak has affected many industries drastically by disrupting the supply-demand chain, raw material supplies, unavailability of essential services, etc. During the COVID-19 outbreak, online food delivery has experienced a negative impact as well as a high positive effect on the market revenue generation. The negative impact is that most of the restaurants have shut down due to strict lockdown in most countries incorporated by the government to reduce the COVID-19 spread.

The global online food delivery is segmented into platform type, business model, payment method, and regions & countries:

By Platform Type

• Websites
• Applications

By Business Model

• Platform-to-Consumer
• Restaurant-to-Consumer

By Payment Method

• Online Payment
• Cash on Delivery

Market Trends:-

The most prominent trends observed in the market include customized food delivery and real-time order tracking. Moreover, companies are focusing more and increasing their investments in marketing & strategy planning, research, and development activities, and expanding their geographical footprint to maintain their market position. Most of the leading players follow a logistics-focused food delivery system due to the model’s ability to gain scale with increased speed and limited costs.

For instance, Delivery Hero’s marketing expenses included costs for customer acquisition worth USD 180.36 Million, which increased from USD 111.30 Million in 2017. Such expenditures in marketing activities reflect the increased competition in specific markets and continued roll-out of the company’s delivery operations.

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Key Benefits for Global Structural Core Materials Market Report–

• Global Online Food Delivery Market report covers in-depth historical and forecast analysis.
• Global Online Food Delivery Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Online Food Delivery Market report helps to identify opportunities in the marketplace.
• Global Online Food Delivery Market report covers extensive analysis of emerging trends and competitive landscape.

What Online food Market Reports Provide?

• Full in-depth analysis of the parent market
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
Also, Research Report Examines:
• Competitive companies and manufacturers in global market
• By Product Type, Applications & Growth Factors
• Industry Status and Outlook for Major Applications / End Users / Usage Area

Why Choose Us?

1. Get a broad overview of the Global Online food systems which would help in further Online food researches
2. Get region-specific drivers and challenges affecting the Global Online food Market.
3. Device market-entry strategies by understanding the driving factors of the market
4. Get relevant company profiles and start-up company profiles

Table of Content: Global Online food Market Research Report

Chapter 1: Global Online food Industry Overview
Chapter 2: Global Economic Impact on Online food Markets
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Online food Market Industry Value Chain
Chapter 9: Online food Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Online food Market Forecast Period
Chapter 14: Future of the Market
Chapter 15: Appendix

Online food Market By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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