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Online Food Delivery & Takeaway Market worth $49.15 billion by 2030, growing at a CAGR of 9.46% - Exclusive Report by 360iResearch
Online Food Delivery & Takeaway Market | 360iResearch
The Global Online Food Delivery & Takeaway Market to grow from USD 26.10 billion in 2023 to USD 49.15 billion by 2030, at a CAGR of 9.46%.
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The online food delivery and takeaway market consists of sales of food items and beverages through online platforms that deliver food to customers at their doorstep or provide options for customers to pick up their orders. This market operates through various business models, including traditional restaurants offering online ordering, third-party aggregators, and cloud kitchens. The market caters to a broad range of customers seeking convenience, diverse cuisine options, and quick service. The market's growth is propelled by technological enhancements, shifting work-life dynamics, expanding internet penetration, and a richer mix of culinary offerings. It holds significant potential in embracing futuristic technologies, implementing subscription services, adopting green practices, and forming strategic alliances. However, the market faces challenges, such as intense competition, operational bottlenecks, regulatory constraints, and the need for constant innovation to ensure customer commitment. Focal areas for business expansion and research include drone deliveries, AI analytics, wholesome menu options, and immersive ordering experiences, all geared towards improving customer satisfaction and streamlining service delivery.
The online food delivery and takeaway market is substantially transforming as it adapts to the changing consumer lifestyles and preferences globally. The market is soaring in the Americas, with consumers demanding convenience alongside healthy and gourmet meals. Big industry players are strengthening their positions through mergers and acquisitions, while tech startups inject innovation with personalized AI-driven experiences and advancements like drone deliveries. Contactless and subscription-based services are part of the evolving trends in line with consumer demands. Meanwhile, in Canada, the industry has mirrored resilience against the backdrop of the pandemic, with a noticeable shift towards supporting local platforms and embracing smart technology, improving customer experiences and addressing the call for sustainability. Moving over to the EU, a fragmented yet growing demand for quick and convenient services characterizes the market, where the rights of gig economy workers and sustainability measures, including electric vehicle deliveries, are shaping the industry. Contrastingly, the Middle East is fueled by a young and tech-savvy demographic, propelling investments in mobile app development and luxury dining experiences, while Africa's market is burgeoning, bolstered by local innovators overcoming unique regional challenges. Asia Pacific is excelling, driven by immense markets such as China and India, where integration with social media and payment platforms and a mobile app usage surge influence the industry.
Market Segmentation & Coverage:
This research report categorizes the Online Food Delivery & Takeaway Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Food Price Range, market is studied across High, Low, and Mid. The Low commanded largest market share of 40.44% in 2023, followed by Mid.
Based on Food Type, market is studied across Non-veg and Veg. The Non-veg commanded largest market share of 66.25% in 2023, followed by Veg.
Based on Product Type, market is studied across Client App, Courier Side App, and Restaurant Side App. The Client App commanded largest market share of 55.73% in 2023, followed by Restaurant Side App.
Based on Distribution Channel, market is studied across Fast-Food Chain Restaurants, Independent Restaurants, and Online Channels. The Online Channels commanded largest market share of 71.13% in 2023, followed by Independent Restaurants.
Based on Application, market is studied across B2B and B2C. The B2C commanded largest market share of 89.58% in 2023, followed by B2B.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.74% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Online Food Delivery & Takeaway Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Online Food Delivery & Takeaway Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Online Food Delivery & Takeaway Market, highlighting leading vendors and their innovative profiles. These include Blue Apron, LLC, Deliveroo plc, Delivery Hero SE, Domino's Pizza, Inc., DoorDash, Inc., Grubhub Inc. by Just Eat Takeaway.com N.V., Hellofresh SE, Instacart, Just Eat Takeaway.com N.V., LimeTray, McDonald's Corporation, Meituan Waimai, Mobo Innovations Ltd., Ola Foods by ANI Technologies Pvt. Ltd, Papa John's International, Inc., Pizza Hut, LLC, Pop Meals, Rebel Foods Private Limited, Restaumatic, Roofoods Ltd, Swiggy by Bundl Technologies Private Limited, Tillster, Inc., Uber Technologies, Inc., and Zomato Media Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Online Food Delivery & Takeaway Market, by Food Price Range
7. Online Food Delivery & Takeaway Market, by Food Type
8. Online Food Delivery & Takeaway Market, by Product Type
9. Online Food Delivery & Takeaway Market, by Distribution Channel
10. Online Food Delivery & Takeaway Market, by Application
11. Americas Online Food Delivery & Takeaway Market
12. Asia-Pacific Online Food Delivery & Takeaway Market
13. Europe, Middle East & Africa Online Food Delivery & Takeaway Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Online Food Delivery & Takeaway Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Online Food Delivery & Takeaway Market?
3. What is the competitive strategic window for opportunities in the Online Food Delivery & Takeaway Market?
4. What are the technology trends and regulatory frameworks in the Online Food Delivery & Takeaway Market?
5. What is the market share of the leading vendors in the Online Food Delivery & Takeaway Market?
6. What modes and strategic moves are considered suitable for entering the Online Food Delivery & Takeaway Market?
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About 360iResearch
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