Press release
Food Delivery Market Industry Updates, New Opportunities, Major Strategies And Forecast 2030
Market Overview:The Global Food Delivery Market size was reasonably estimated to be approximately USD 886100 Million in 2023 and is poised to generate revenue over USD 1460553 Million by the end of 2030, projecting a CAGR of around 7.40% from 2023 to 2030.
The Food Delivery Market encompasses the delivery of ready-to-eat meals, groceries, and other food products to consumers' doorsteps. This market has witnessed significant growth in recent years due to changing consumer lifestyles, increasing demand for convenience, and advancements in technology that facilitate seamless food delivery services. Food delivery platforms and apps have become popular, connecting consumers with a wide range of restaurants and food vendors, offering a diverse selection of cuisines and dishes.
The global Food Delivery Market is characterized by a variety of players, including food delivery aggregators, restaurant-owned delivery services, and third-party delivery service providers. These players operate in both urban and suburban areas, catering to a broad customer base seeking convenient and efficient food delivery solutions.
Top Key Players Covered in The Food Delivery Market
Delivery Hero SE (Germany), Uber Technologies Inc (US), Just Eat Holding Limited (UK), Jubilant FoodWorks Ltd (US), Roofoods Ltd (Deliveroo) (UK), Bundl Technologies Pvt. Ltd (Swiggy) (Indian), com (Netherlands), com (US), Blue Apron Inc. (US), Zomato™ Ltd. (India), HelloFresh (Germany), Dahmakan (Malaysia), Yemeksepeti (Turkey), OLO (US)
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others. This will help us understand the market potential. The research report includes quantitative data that helps us fully understand the industry and future market scope.
Market Dynamics:
Driver:
Rise of Mobile Apps and Technology: The proliferation of mobile apps and advanced technology has transformed the food delivery industry. User-friendly apps, real-time tracking, and seamless payment options have significantly improved the overall food ordering and delivery experience. Consumers are increasingly opting for the convenience of ordering food online and having it delivered to their doorstep. The demand for food delivery is driven by busy lifestyles, time constraints, and the desire for hassle-free dining experiences.
Opportunities:
Expansion to Suburban and Rural Areas: While food delivery services are well-established in urban areas, there is an opportunity to expand into suburban and rural regions. Investing in logistics and delivery infrastructure in these areas can open up new markets and reach a broader customer base. Cloud kitchens, also known as ghost kitchens or virtual kitchens, are on the rise. Partnering with cloud kitchen operators can enable food delivery platforms to offer a wider range of cuisine options and enhance the efficiency of the delivery process. In conclusion, the Food Delivery Market is driven by changing consumer preferences, advancements in technology, and the impact of the COVID-19 pandemic. Companies operating in this market can capitalize on opportunities in suburban and rural areas, collaborate with cloud kitchens, focus on personalization and loyalty programs, and integrate with smart home devices to foster growth and success in the food delivery industry.
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The Report Will Include A Major Chapter
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Type:
•Grocery
•Drinks
•Side-dishes
•Desserts
•Others
By Application:
•Mobile Application
•Website
By Payment Mode:
•Online
•Offline
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Regional Segmentation Of The Food Delivery Market
Asia Pacific is expected to dominate the Market over the Forecast period.
The Asia Pacific region has a huge population, which means there is a large customer base for food delivery companies to tap into. Moreover, with the growing middle class, more people have disposable income to spend on food delivery services.
By Region:
•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In The Food Delivery Market
In Nov 2022, DoorDash becomes WeWork's exclusive on-demand delivery platform for community events in the U.S. and Canada, kicking off the partnership with food drives for local food banks in the holiday season.
In Sept 2022, Domino's Pizza, Dunkin' Donuts, and Popeye's franchiser, Jubilant Foodworks completed the acquisition of a 29.42% stake in Roadcast Tech Solutions.
Key Questions Answered in this Food Delivery Market Report:
•What are future investment opportunities in the in Food Delivery landscape analysing price trends?
•Which are most dynamic companies with ranges and recent development within Food Delivery Market till 2030?
•What are market opportunities and potential risks associated with Food Delivery by analysing trends?
•What is the buying behaviour of customers of Food Delivery in a specific region?
•How is Food Delivery technology preference changing consumer behaviour?
•What technological advancements have impacted supplier selection criteria?
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