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.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3084&type=smp
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.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/online-food-delivery-services-global-market-report
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.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=3084&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company is renowned for offering comprehensive, data-rich research and insights. With 1,500,000 datasets, robust secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is an outstanding market intelligence platform that delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Online Food Delivery Services Market: Exploring the Growth Trajectory and Future Trends here
News-ID: 3838491 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Food
Food Ultrasound Market Food Ultrasound Market
According to a new report by InsightAce Analytic, the "Food Ultrasound Market" in terms of revenue was estimated to be worth $156.24 Mn in 2023 and is poised to reach $310.45 Mn by 2031, growing at a CAGR of 9.14% from 2024 to 2031.
Request For Free Sample Pages:
https://www.insightaceanalytic.com/request-sample/1551
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Food Ultrasound Market are:
• Food Safety and Quality Assurance.
• Increasing Consumer…
Prepared Food Market To Witness Huge Growth By 2028 | HSL Food, HelloFresh, Syne …
The Latest survey report on Prepared Food Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of Prepared Food segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders and emerging manufacturers for company…
Cookies for Food Services Market Is Booming Worldwide | Finsbury Food Group, Mon …
Cookies for Food Services Market: The extensive research on Cookies for Food Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Cookies for Food Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Global Sports Food Market By Type (Protein Sports Food, Energy Sports Food, Misc …
The Global Sports Food Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Sports Food Market report aims to provide an overview of Sports Food Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Sports Food Market Economy…
Global Packed Food Market 2018 Analysis By Key Players – JBS Food, Kraft Food, …
Summary
WiseGuyReports.com adds “Packed Food Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
This report provides in depth study of “Packed Food Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Packed Food Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as…
Pet Food Market (By Food Type, By Animal Type, By Region, By Country) of Food Ty …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others), By Region (North America, Europe, APAC, ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France).
Global Pet Food…
