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Peer-To-Peer Dining Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Peer To Peer Dining Market
The surge in home cooking is projected to fuel the peer-to-peer dining market's expansion in the future. Home cooking involves using raw materials and basic cooking skills to prepare and cook food at home. Due to the enhanced emphasis on health, cost-effectiveness, and deriving pleasure from creating personalised, nutritious meals, home cooking has become increasingly popular. Peer-to-peer dining encourages home cooking by facilitating individuals to share meals cooked at home, promoting community and cultural interaction. For example, a report from the Bureau of Labor Statistics, a federal agency in the United States, revealed in December 2023 that domestic food costs in 2022 exceeded $5,700. As a result, the rise in home cooking is fuelling the development of the peer-to-peer dining market.
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What is the projected compound annual growth rate (CAGR) of the peer-to-peer dining market from 2025 to 2034, and what factors influence it?
The size of the peer-to-peer dining market has been experiencing a consistent increase over the recent years. The market is expected to expand from $6.36 billion in 2024 to $6.64 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. The historic growth can be tied back to several contributing factors including a rise in internet usage, growing popularity of social media, the expansion of food tourism, increased interest in unique experiences, and increments in disposable income.
The market size for peer-to-peer dining is forecasted to consistently increase in the coming years, achieving a value of $7.77 billion by 2029, which constitutes a compound annual growth rate (CAGR) of 4.0%. The upswing projected in this period is a result of the escalating passion for food, urbanization growth, an amplified emphasis on sustainability, a surge in demand for custom experiences, and the expansion in experiential travels. The forecasted period will likely see key trends such as the inclusion of virtual reality, employing blockchain for augmented transparency, adoption of AI for suggestions, the emergence of subscription-oriented services, and a shift towards zero-waste cookery.
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How are the latest trends influencing the growth of the peer-to-peer dining market?
Prominent businesses in the peer-to-peer dining sector are striving to innovate their services with concepts like home-cooked meal delivery, ensuring an affordable, fresh, and nutritious home-style food experience. This service model involves meal preparation in private homes for others to eat, emphasizing a homemade, local, or personalized food experience. In February 2023, for example, Zomato, an online restaurant guide and food ordering company from India, introduced Zomato Everyday. This new service, providing reasonably priced home-cooked meals, caters to people living away from their families seeking the familiar comfort of home-made food. The food will be prepared by actual home chefs, offering a taste that reflects true home cooking. This approach substitutes Zomato's previous 10-minute delivery feature, demonstrating a strategic pivot towards providing healthy, homely meals at competitive rates.
What are the major segments of the peer-to-peer dining market and their role in driving growth?
The peer-to-peer diningmarket covered in this report is segmented -
1) By Dining: Casual Home Dining, Fine Dining, Themed Dinners, Food Tours
2) By Nationality: Domestic, International
3) By Demographic: Male, Female, Kid
4) By Age Group: Below 15 Years, 16 To 25, 26 To 35, 36 To 45, 46 To 55, Above 55
5) By Booking Channel: Direct Bookings, Online Travel Agencies (OTAs), Other Booking Platforms
Subsegments:
1) Casual Home Dining: Family-Style Meals, Potluck Gatherings, Informal Cooking Classes
2) Fine Dining: Gourmet Experiences, Chef's Table Events, Exclusive Tasting Menus
3) Themed Dinners: Cultural Cuisine Nights, Seasonal Celebrations, Movie or Book-Inspired Dinners
4) Food Tours: Culinary Walks, Market Tours, Street Food Experiences
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Which region dominates the peer-to-peer dining market?
North America was the largest region in the peer-to-peer dining market in 2024. The regions covered in the peer-to-peer dining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the peer-to-peer dining market?
Major companies operating in the peer-to-peer dining market are Feastly, Withlocals, Traveling Spoon, The London Supper Club, EatWith, Hobnob, B'Ville Diner, Supper Club, Cookly, BonAppetour, CookUp, EatMeet, EatWithMe, FoodieTrip, Homecooked, Kitchen Surfing Inc., Secret Dinner, ShareDine, Table at Home, MealSharing
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What Is Covered In The Peer-To-Peer Dining Global Market Report?
•Market Size Forecast: Examine the peer-to-peer dining market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the peer-to-peer dining market for a structured understanding.
•Key Players Overview: Analyze major players in the peer-to-peer dining market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the peer-to-peer dining market.
•Segment Contributions: Evaluate how different segments drive overall growth in the peer-to-peer dining market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the peer-to-peer dining market.
•Industry Challenges: Identify potential risks and obstacles affecting the peer-to-peer dining market.
•Competitive Landscape: Review strategic developments in the peer-to-peer dining market, including expansions, agreements, and new product launches.
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