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Rise In Smartphone Adoption Fuels Global Growth In Online Food Delivery Services: A Key Driver Powering Online Food Delivery Services Market Growth In 2025
Online Food Delivery Services
What Is the Current Online Food Delivery Services Market Size and Its Estimated Growth Rate?
In recent times, the market size of online food delivery services has witnessed a quick expansion. The growth is projected from $156.75 billion in 2024, building up to $173.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.7%. This significant increase during the historical period is a result of fortified economic improvement in emerging markets, amplified internet usage, and enhanced accessibility of mobile devices.
The market for online food delivery services is predicted to experience rapid expansion in the coming years, with its worth intended to reach $277.1 billion in 2029, with a compound annual growth rate (CAGR) of 12.4%. This growth over the forecast period is credited to factors such as the improvement of internet of things (IoT), artificial intelligence advancements, the rise in smartphone users, the impact of COVID-19, an expanding workforce, and government initiatives. Significant trends noted for this forecast period consist of collaborations with tech giants, investment in expansion, funding into robot and drone technologies, commitment to introducing contactless delivery options, investment in virtual kitchens, the use of self-driving vehicles for quick and cost-efficient delivery, and the adoption of eco-friendly transport solutions.
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How Are Emerging Segments Shaping the Online Food Delivery Services Market Landscape?
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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Which Growth Factors Are Influencing Online Food Delivery Services Market Expansion?
The surge in smartphone users has sparked significant growth in the global online food delivery services sector. This increase particularly impacts the Food and Beverage industry as online purchases are primarily made by smartphone users. With an increase in these users, the potential for online food and beverage shopping also significantly increases. As stated by DemandSage, a well-known US-based provider of data reporting and analytics solutions, as of July 2023, 86% of the worldwide population possess a smartphone, amounting to about 6.8 billion users across the globe. In the same year, 94.4% of millennials in the United States owned a smartphone. Furthermore, nearly half of the U.S. population spends between 5 to 6 hours daily on their smartphones. Therefore, the rising numbers of smartphone users combined with increased internet accessibility are significant contributors to the expansion of the online food delivery service market.
Who Are the Dominant Players Across Different Online Food Delivery Services Market Segments?
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
What Online Food Delivery Services Market Trends Are Gaining Traction Across Different Segments?
The food delivery services market is currently witnessing a shift towards a more decentralised system, also known as Distribution 4.0. Within this upgraded distribution network, suppliers collaborate with a variety of players for optimal coverage in both urban and rural regions. The focus is on marketing, branding and in-store merchandising to create an exceptional shopping experience. Potential partners include aggregators, e-commerce delivery companies, rural distribution enterprises, and modern trade distribution arms. E-commerce giant Amazon has revealed its intention to join forces with numerous small businesses, retail shops, and rural supermarkets to boost their last-mile connectivity. As a result, the Distribution 4.0 trend is expected to generate positive outcomes for online food delivery services.
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Which Geographic Regions Are Expected to Dominate the Online Food Delivery Services Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Online Food Delivery Services Market?
2. What is the CAGR expected in the Online Food Delivery Services Market?
3. What Are the Key Innovations Transforming the Online Food Delivery Services Industry?
4. Which Region Is Leading the Online Food Delivery Services Market?
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