North America Online Food Delivery Market Destined to Reach US$ 64.8 Billion (CAGR of 13.7%) During 2023-2028

The latest report by IMARC Group, titled "North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the North America online food delivery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The North America online food delivery market size reached US$ 29.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.7% during 2023-2028.

Online food delivery represents a process of ordering and delivering food items to customers at their doorsteps via mobile apps or websites. It also provides users access to various restaurants based on their preferences. Online food delivery enables customers to create an account for hassle-free and frequent ordering, easier menu comparisons, faster checkout, minimal human intervention, etc. It offers flexible payment methods, such as net banking, cash-on-delivery, credit and debit cards, food coupons, etc. Consequently, this process is extensively utilized by food service providers and consumers across North America.

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Market Trends and Drivers:

The rising penetration of internet connections and smartphones is primarily driving the North America online food delivery market. Additionally, the escalating demand for ready-to-eat (RTE) meals, on account of the expanding working population, and the inflating disposable income levels of individuals are further bolstering the market growth. Besides this, the widespread adoption of innovative food delivery methods, including drones, self-driving cars, robots, etc., for enhanced convenience, safety, and cost-effectiveness is acting as another significant growth-inducing factor.

Moreover, continuous technological advancements, such as the growing integration of online food delivery platforms with the Internet of Things (IoT), Artificial Intelligence (AI), and predictive analytics to offer a more personalized experience to users, are positively influencing the regional market. Apart from this, the easy availability of attractive discounts and offers on delivery platforms is also stimulating the market growth. Furthermore, the increasing popularity of cloud kitchens and the improving living standards of customers are projected to fuel the North America online food delivery market in the coming years.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/north-america-online-food-delivery-market

Key Market Segmentation:

Breakup by Platform Type:

• Mobile Applications
• Websites

Breakup by Business Model:

• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System

Breakup by Payment Method:

• Online
• Cash on Delivery

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Breakup by Region:

• United States
• Canada

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

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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.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.