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Online On-demand Food Delivery Services Market Set to Witness an Uptick during 2019 - 2027
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Online on-demand food delivery services market tie up with local restaurants such as quick service restaurants (QSRs) and full service restaurants (FSRs) for food delivery.
The business of delivering restaurant meals to homes is undergoing rapid change as new online platforms race to capture markets and customers across the globe.
Key Drivers of the Global Online On-demand Food Delivery Services Market
The rapid penetration of internet- enabled devices and the accessibility of a wide range of online dishes is inspiring consumers to order food online. Moreover, online food delivery applications deal with several offers, discounts, and payment modes such as cash-on-delivery and online payment. This helps consumers to choose multiple dishes from several restaurants.
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Various such benefits or deals offered by food delivery applications are increasing the accessibility for consumers, which is expected to boost the growth of the online on-demand food delivery services market growth during the forecast years.
Market in Asia Pacific to Expand Rapidly
In terms of geography, the global online on-demand food delivery services market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the online on-demand food delivery services market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the online on-demand food delivery services market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America online on-demand food delivery services market is segmented into Brazil, and Rest of South America.
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USA, Italy, Japan, U.K, and Australia are the highest revenue generating countries in the online on-demand food delivery services market globally. The United States is the biggest market for food delivery business. This is due to rising investments by vendors to expand the efficiency of logistics and the growing consumer willingness to opt for this service, which is encouraging market growth in the region.
Key Players Operating in the Global Market
Key players operating in the online on-demand food delivery services market are estimated to witness rising demand for these services during the forecast period. The market is fragmented and competitive, and the degree of competition and fragmentation is expected to grow in the coming years. Vendors are focusing on strategies of acquisitions, expansions, and collaborations with startup companies to gain significant share of the market, besides the trend of contractual partnerships and delivery agreements.
In August 2019, Zomato partnered with FarEye, a digital logistics company, to help restaurants stay compliant with guidelines of Food Safety and Standards Authority of India (FSSAI).
In December 2019, cab company Uber was in negotiations to invest US$100-200 Mn in new capital as part of the sale of its India food-delivery business to local rival Zomato. If the merger goes through, UberEats and Zomato may dominate in terms of size and number of orders, ahead of Swiggy, in a strongly disputed and cash-intensive online food delivery market.
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A few of the key players operating in the global online on-demand food delivery services market are:
Deliveroo
Delivery Hero SE
Foodpanda
Glovo
Grubhub
Just Eat Holding Limited
Swiggy
Takeaway.com
Uber Technologies Inc.
Zomato Media Pvt. Ltd.
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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