Press release
Online Food Delivery Services Market: Exploring the Growth Trajectory and Future Trends
Online Food Delivery Services Market
Explosive Growth Seen in Online Food Delivery Services; CAGR Pegged at 12.4%, Rivalling Key Economic Titans
What Is The Projected Market Size Of The Global Online Food Delivery Services Market And Its Growth Rate?
The online food delivery services market has experienced significant expansion in recent years, characterized by:
* A rise in market size from $156.75 billion in 2024 to $173.57 billion in 2025 - an impressive CAGR of 10.7%.
* Historic period growth bolstered by strong economic activity in emerging markets, growing internet penetration, and increased accessibility of mobile devices.
* Anticipated further expansion to $277.1 billion by 2029 at an accelerated CAGR of 12.4%. This growth is predicted to be driven by various breakthroughs in technology, such as the internet of things (IoT), artificial intelligence, more smartphone users, and initiatives rolled out by governments at all levels.
What Is Driving The Growth In The Online Food Delivery Services Market?
The proliferation of smartphone usage worldwide has contributed immensely to the boom in online food delivery services. As the primary demographic that patronizes the F&B industry's online shopping sector, an increase in the number of smartphone users signals a potential rise in online shopping for food and beverages. According to a July 2023 report from DemandSage, a US-based data reporting and analytics solutions provider, 86% of the global population owns a smartphone. This figure translates to a staggering 6.8 billion smartphone users across the globe. In the United States, 94.4% of millennials own a smartphone, and nearly half of the U.S. population spends 5 to 6 hours per day using smartphones. Hence, as smartphone usage and internet penetration continue to grow, so too does the online food delivery services market.
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Who Are the Key Players Driving Online Food Delivery Services Market Growth?
The online food delivery services market is fueled by key players such as:
* Uber Technologies, Inc. (Uber Eats)
* Meituan Dianping
* Just Eat Takeaway.com N.V.
* Delivery Hero SE
* Domino's Pizza, Inc.
* DoorDash Inc.
* Deliveroo
* Swiggy
* Zomato
* Foodpanda
* Ele.me
* Baedal Minjok
* Yogiyo
* TESCO (UK)
* Morrisons (UK)
* Glovo
* Tazz
* Gurmandio
* Yandex
* LifeBox
* Fit4you Delivery
* Seamless
* Gopuff
* Instacart
* SkipTheDishes
* TimHortons
* iFood
* 99Food
* Quero Delivery
* Rappi
* Menulog
* Sampa Food Dublin
* Foodak
* Talabat
* Crave App
* Wishbox
* Rafeeq
* Carriage
* Akly
* Eateasy
* Careem Now
* Fingertips
* SoFresh
* Mr D Food
* UCook
* Orderin
* Jumia Food
* Yum Deliveries
* Areachops
* Homechow
* The Flying Pan
What Are The Key Trends In The Online Food Delivery Services Market?
Key trends in the online food delivery services market include:
* Collaboration with tech giants
* Investing in expansion
* Using robot and drone technologies
* Launching contactless delivery features
* Investing in virtual kitchens
* Adopting self-driven cars for fast and low-cost delivery.
* Adopting green transport solutions
What Are The Segments Of The Global Online Food Delivery Services Market?
The online food delivery services market is broadly segmented into
1) Type: Platform-To-Consumer, Restaurant-To-Consumer
2) Channel Type: Websites, Mobile Applications
3) Payment Method: Cash-On-Delivery, Online Payment
Which Region Leads The Online Food Delivery Services Market?
In 2024, Western Europe emerged as the largest region in the online food delivery services market. Following closely behind was the Asia-Pacific region, the second-largest in terms of online food delivery services. The report covers several other regions, including Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Online Food Delivery Services Market Global Market Report?
- Market Size Analysis: Analyze the Online Food Delivery Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Online Food Delivery Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Online Food Delivery Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Online Food Delivery Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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