Press release
Key Trends Shaping the Future Online Food Delivery Services Market From 2025-2034: Evolving Distribution Strategies
Online Food Delivery Services Market Size
The rise in the number of people using smartphones has propelled the growth of the online food delivery industry across the globe. These smartphone users are the main online purchasers in the Food & Beverage sector, therefore a rise in smartphone usage indicates a projected boost in online F&B shopping. As reported by DemandSage, a data analysis and reporting solutions firm based in the US, in July 2023, about 86% of the world population are smartphone users, which sums up to around 6.8 billion users. Particularly in the United States, 94.4% of millennials possess a smartphone. Nearly half of the U.S. population spends approximately 5 to 6 hours per day on their smartphones. Therefore, the upsurge in smartphone users along with increased internet penetration is fueling the expansion of the online food delivery market.
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What is the future CAGR of the online food delivery services market, and how will it impact industry expansion?
The market size of online food delivery services has seen a quick expansion in the latest years. It is projected to rise from $156.75 billion in 2024 to $173.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.7%. The surge in previous years can be related to the robust economic growth witnessed in developing markets, amplified internet reach, and the growing prevalence of mobile devices.
The market size of online food delivery services is anticipated to experience speedy growth in the coming years. It is predicted to expand to $277.1 billion in 2029, with an annual compound growth rate (CAGR) of 12.4%. This progression in the anticipated period can be credited to factors such as the internet of things (IoT), artificial intelligence, growth in smartphone users, impact of COVID-19, an increasing workforce, and government policies. Key trends for this forecast period encompass partnerships with technology leaders, expansion investments, contributions to robotic and drone technology, investments for the introduction of contactless delivery options, virtual kitchen investments, the use of autonomous vehicles for quicker and more affordable delivery, and integrating environmentally friendly transport solutions.
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What are the emerging trends shaping the future of the online food delivery services market?
The current trend in the food delivery services market involves the transformation of the distribution network into a more decentralized system known as Distribution 4.0. This model allows suppliers to form partnerships with a variety of entities, concentrating on marketing, branding, and in-store merchandising to enhance shopper experiences across both urban and rural markets. Partners could likely be aggregators, e-commerce delivery firms, rural distribution companies, and modern trade distribution arms. For instance, the e-commerce giant, Amazon, has plans to collaborate with several small-scale businesses, retail outlets, and rural supermarkets to enhance their last-mile delivery. Thus, the shift towards Distribution 4.0 is expected to positively influence online food delivery services.
Which key market segments comprise the online food delivery services market and drive its revenue growth?
The online food delivery services market covered in this report is segmented -
1) By Type: Platform-To-Consumer, Restaurant-To-Consumer
2) By Channel Type: Websites, Mobile Applications
3) By Payment Method: Cash-On-Delivery, Online Payment
Subsegments:
1) By Platform-To-Consumer: Aggregator Platforms, Direct-To-Consumer Platforms, Meal Kit Delivery Services
2) By Restaurant-To-Consumer: In-House Delivery Services, Third-Party Delivery Services, Subscription Meal Services
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What regions are at the forefront of online food delivery services market expansion?
Western Europe was the largest region in the online food delivery services market in 2024. Asia-Pacific was the second largest region in the global online food delivery services market report. The regions covered in the online food delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the online food delivery services market?
Major companies operating in the online food delivery services market include 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
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What Is Covered In The Online Food Delivery Services Global Market Report?
• Market Size Forecast: Examine the online food delivery services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the online food delivery services market for a structured understanding.
• Key Players Overview: Analyze major players in the online food delivery services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the online food delivery services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the online food delivery services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the online food delivery services market.
• Industry Challenges: Identify potential risks and obstacles affecting the online food delivery services market.
• Competitive Landscape: Review strategic developments in the online food delivery services market, including expansions, agreements, and new product launches.
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