Press release
Online Food Ordering Market Size Expected To Reach USD 591.85 Billion With CAGR 10.32% By 2032
Online Food Ordering Market
Online Food Ordering Market was valued at USD 244.52 billion in 2023 and is expected to reach USD 591.85 Billion by the year 2032, at a CAGR of 10.32%. Online Food Ordering refers to the roe (eggs) of sturgeon or other fish species, typically processed and salted for preservation. Known for its luxurious and delicate taste, Online Food Ordering is often considered a gourmet delicacy. The term "Online Food Ordering" is commonly used to describe both the fish roe and the processed product, which is enjoyed on its own or used as a topping for various dishes like sushi, canapés, and crackers.
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The online food ordering market has experienced exponential growth over the last decade, fueled by technological advancements, changing consumer preferences, and the widespread adoption of smartphones. This market encompasses platforms that allow customers to browse menus, place orders, and make payments seamlessly through mobile apps and websites.
Prominent Key Players - Covered in the report:
• McDonalds (US)
• KFC (US)
• GrubHub (US)
• Swiggy (US)
• MEITUAN (China)
• Uber Eats (California)
• DoorDash (US)
• Caviar (California)
• Zomato (US)
• Subway (US)
• Pizza hut (US)
• Starbucks (US)
• Takeaway (Netherlands)
• Alibaba Group (China) and other major players.
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Market Dynamics and Factors:
Market Driver
The primary driver behind the online food ordering market is the growing consumer preference for convenience and customization. Busy lifestyles and increased disposable incomes have led customers to prioritize time-saving solutions for everyday tasks, including meal preparation. Online food ordering platforms cater to this demand by offering diverse cuisines, quick delivery, and user-friendly interfaces.
Market Opportunity
Emerging economies present a significant growth opportunity for the online food ordering market. Rapid urbanization, increasing smartphone penetration, and improved internet accessibility are creating fertile ground for market expansion in regions such as Asia-Pacific, Latin America, and the Middle East.
Global Online Food Ordering Market, Segmentation
The Online Food Ordering market is segmented based on Type, By Payment Mode and Region.
By Type
• Platform to Consumer Delivery
• Restaurant to Consumer Delivery
The platform-to-customer delivery phase dominates the general market boom of online food ordering inside the past few years and is anticipated to hold its dominance over the forecast length. The developing adoption and increasing reputation of different meals transport platform apps including Zomato, UberEats, Deliveroo, and Grubhub across the globe are contributing to the marketplace increase of online food ordering.
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By Payment Mode
• Online Banking
• Net Banking
• Cash on delivery
The web banking phase is anticipating maximum market share in on-line food ordering all through the projected duration. Online banking consists of the fee system through the usage of online charge structures which includes phone pay, Google pay, and others. This is ordinarily used fee mode in current years because of the penetration of cell telephones and the internet. Also, this is a downloadable, easy-to-use, and brief mode of charge transactions.
Regional Analysis:
Asia-Pacific is the principal dominating place for Online Food Ordering. Rising client interest and a better expertise of the era are assisting the increase of the market. Additionally, Increasing want for quick and smooth offerings because of workloads and annoying lifestyles fashion, humans are so busy and getting less time for cooking and cleansing so they are most probably to order meals from exceptional restaurants by using on-line meals.
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 May 2024, Instacart and Uber Technologies, Inc. announced a strategic partnership to bring Uber Eats restaurant delivery to Instacart customers. In the coming weeks, Instacart customers nationwide will be able to use the Instacart app to order from hundreds of thousands of restaurants, powered by Uber Eats.
In June 2023, GrubHub, a food ordering and delivery platform, announced the expansion of its collaboration with Amazon. As part of this extended partnership, Grubhub will offer a one-year complimentary Grubhub+ membership to Amazon Prime members in the United States.
Key Benefits for Industry Participants & Stakeholders:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Online Food Ordering Market
View detailed Table of Content here -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Online Food Ordering Market by Type
Chapter 5: Online Food Ordering Market by Payment Mode
Chapter 6: Company Profiles and Competitive Analysis
Chapter 7: Global Online Food Ordering Market By Region
Chapter 8 Analyst Viewpoint and Conclusion
Chapter 9 Research Methodology
Continue..
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