Press release
US Online Food Delivery Market Projection: Climbing to US$ 958.5 Billion by 2032
The online food delivery market in the United States has experienced significant growth and transformation, driven by various factors and technological advancements and the impact of the COVID-19 pandemic.
Market Size and Growth:
United States Online Food Delivery Market Size was valued at USD 351.25 Billion in 2022. The United States online food delivery market industry is projected to grow from USD 392.6 Billion in 2023 to USD 958.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.80% during the forecast period (2024 - 2032).
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Key Companies in the United States Online Food Delivery Market include,
Grubhub
Doordas
Uber Eats
Postmates
Domino's Pizza Inc.
Kroger Co.
Blue Apron Holdings
HelloFresh
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Factors Driving Market Growth:
The changing consumer preferences for eating at home, expanding adoption of convenience-driven lifestyles, significant technological advancements in the industry, and the COVID-19 pandemic-induced demand are among the key factors driving the market growth. The widespread adoption of smartphones and fast internet has made it more convenient for consumers to access online food delivery platforms, browse menus, and place orders effortlessly, primarily driving the market's growth.
Market Dynamics and Trends:
The market growth can be attributed to the adoption of eco-friendly transportation like electric vehicles and robots to reduce pollution while ensuring customers receive their goods. Third-party delivery chains and restaurants are also using recyclable and eco-friendly packaging materials and cutlery, contributing to sustainability efforts. The increasing demand for convenient on-the-go meals and efficient home delivery services, offering accessible, affordable, and pre-prepared options, is driving the market's expansion.
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Competitive Landscape and Market Share:
The online food delivery market in the United States is witnessing substantial growth, driven by changing consumer preferences, technological advancements, and the impact of the COVID-19 pandemic. The market is characterized by a competitive landscape and a focus on sustainability and convenience.
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