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Online Food Delivery Services Market Is Expected To Expand Significantly By 2032 || Takeaway.com, Doordash, Deliveroo, Uber Eats, Zomato, Swiggy, Domino's Pizza
Online Food Delivery Services Market
The Business Research Company's Online Food Delivery Services Global Market Report 2023 the increase in smartphone users as the major driver for the online food delivery services market's growth in the forecast period. 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's 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. The Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years.
The global online food delivery services market size will grow from $128.32 billion in 2022 to $143.05 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global online food delivery services market size is expected to grow to $159.46 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the online food delivery services market are takeaway.com, Doordash, Deliveroo, Uber Eats, Zomato, Swiggy, Domino's Pizza, Grubhub, Foodpanda, and Just Eat.
A key trend in the online food delivery services market includes upgradation of the distribution network. In Distribution 4.0, supplier partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create a best-in-class shopper experience. They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon has announced plans to team up with many small-scale businesses, retail outlets, and rural supermarkets to increase their last-mile connectivity.
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The online food delivery services market is segmented -
• By Type: Platform-to-Customer, Restaurant-to-Customer
• By Channel Type: Websites, Mobile Applications
• By Payment Method: Cash On delivery, Online Payment
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the online food delivery services market.
The Business Research Company's "Global Online Food Delivery Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Online Food Delivery Services Market Include:
1. Executive Summary
2. Online Food Delivery Services Market Characteristics
3. Online Food Delivery Services Market Trends And Strategies
4. Online Food Delivery Services Market - Macro Economic Scenario
5. Online Food Delivery Services Market Size And Growth
……………
27. Online Food Delivery Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Food Delivery Services Market
29. Online Food Delivery Services Market Future Outlook And Potential Analysis
30. Appendix
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