Online Food Delivery Market to Reach US$ 223.7 Billion by 2027, Exhibiting a CAGR of 11.44%

According to IMARC Group's latest report, titled "𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕" the global online food delivery market size reached US$ 106.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 223.7 Billion by 2027, exhibiting at a growth rate (CAGR) of 11.44% during 2022-2027.

Online food delivery involves delivering food ordered from a website or other application. The product can be either food that has been specially prepared for direct consumption or ready-to-eat (RTE) food. These systems are categorized into platform-to-consumer and restaurant-to-consumer delivery types.

Online food delivery applications offer access to multiple food establishments based on consumer preferences. They also provide flexibility in payment methods, such as net banking, food coupons, cash-on-delivery, and credit/debit cards. Apart from this, online food delivery platforms enable consumers to create an account for easy menu comparisons, fast checkout, hassle-free ordering, and minimum human intervention.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/online-food-delivery-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐎𝐧𝐥𝐢𝐧𝐞 𝐅𝐨𝐨𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rising consumer expenditure power and the increasing penetration of smartphones and internet connections are some of the key factors accelerating the market growth. Moreover, the surging working population and hectic lifestyles have increased the demand for RTE food products, which is creating a positive outlook for the market.

Additionally, the recent COVID-19 outbreak prompted a gradual shift toward online food delivery services to mitigate the risks of infection, which, in turn, is bolstering the market growth. In line with this, key market players are implementing promotional strategies by identifying recurring consumers and taste patterns and integrating the internet of things (IoT), artificial intelligence (AI), and predictive and big data analytics to provide a personalized experience, which is positively contributing to the market growth.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=1120&method=1

The Report offers a comprehensive analysis of the industry, which comprises insights on the global market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape and the profiles of key players operating in the global online food delivery market have also been examined in the report. Some of the key players in this market include:

• Just Eat
• GrubHub
• Delivery Hero
• Deliveroo
• Takeaway.com
• Foodpanda
• Ele.me
• Meituan Waimai

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on platform type, business model and payment method.

Market Breakup by Platform Type
• Website
• Applications

Market Breakup by Business Model
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System

Market Breakup by Payment Method
• Online
• Cash on Delivery

Market Breakup Region
• China
• North America
• Asia Pacific (excluding China)
• Europe
• Rest of the World

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=1120&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Organic Seafood Market: https://www.imarcgroup.com/organic-seafood-market

Organic Acids Market: https://www.imarcgroup.com/organic-acids-market

Food Waste Management Market: https://www.imarcgroup.com/food-waste-management-market

Food Enzymes Market: https://www.imarcgroup.com/food-enzymes-market

Business Travel Market: https://www.imarcgroup.com/business-travel-market

Car Sharing Market: https://www.imarcgroup.com/car-sharing-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.