Press release
Global Online Food Delivery Market Size to Hit USD 329.4 Billion by 2033 | Driven by the Rising Demand for RTE Products
The rising number of people preferring online delivery is one of the significant factors driving the market growth.
The global online food delivery market was valued at USD 147.9 Billion in 2024 and is projected to reach USD 329.4 Billion by 2033, growing at a CAGR of 9.30% during the forecast period of 2025-2033.
Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Period: 2025-2033
Online Food Delivery Market Key Takeaways
• Current Market Size: USD 147.9 Billion in 2024
• CAGR: 9.30%
• Forecast Period: 2025-2033
• China dominates the market driven by vast population, rapid urbanization, and widespread digital technology adoption.
• Mobile applications lead platform segment providing user-friendly interface and real-time GPS tracking.
• Order-focused food delivery system leads business model segment for its streamlined ordering process.
• Online payment dominates payment segment offering convenience, security, and loyalty program integration.
• Restaurant meals account for the majority share, while grocery and convenience delivery segments are rapidly expanding.
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Market Growth Factors
The growth of the online food delivery market across the world can be attributed to an increase in the demand for convenience in food ordering. The penetration of smartphones, the internet, and increased urbanization, alongside busy lifestyles, are driving demand for on-demand food delivery services in households across the globe. Online food delivery provides the ability for families in dual-income households to order meals at times when they may not have the ability or time to cook, as an alternative to going out to eat on more occasions. It has been shown to be an effective way to deliver a wide variety of food options to the consumer's home from restaurants or cloud kitchens within minutes. Unlike other modes of eating out, where one has to physically reach the outlet and wait to be served, food delivery apps allow ordering food to one's residence or office with a few taps on the mobile screen. Features such as accurate location tracking, live order tracking, secure delivery and payment gateways, and personalized recommendations have led to rising demand. This increase in consumer trust can be attributed to added GPS tracking, which allows customers to track the entire delivery process, and the secure payment options allowing customers to use the service.
The supply side is also rapidly evolving as technological advancements and the growth of cloud kitchens drive the market. Cloud kitchens, also called ghost kitchens or dark kitchens, are delivery-only restaurant facilities that do not have a dine-in option. This allows restaurants and food start-ups to cater to more customers at a much lower cost than customary restaurants due to their greater overheads from having to provide in-house dining facilities. The process meets the needs of consumers who desire fast and convenient meals, as cloud kitchens stress timely meal preparation and delivery and use technology and logistics in the process. Further, new-age technology in delivery infrastructure such as artificial intelligence (AI), Internet of Things (IoT), predictive analytics, and machine learning has also improved service quality and operational efficiency in cloud kitchens. This type of technology is used to analyze transaction data, user behavior, and other user dynamics using various algorithms to prevent and investigate payment fraud, account takeover, and other such attacks to ensure the safety of customer data and confidence in the platform. In May 2024, Indian food delivery platform Swiggy teamed up with SHIELD, a device-first risk AI platform, to improve its anti-fraud efforts to limit promotional abuse and fraud across the fleet of delivery partners.
Penetration of smartphones, an increase in internet users and an increase in the number of consumers widely using digital payment methods have a structural impact on the global online food delivery market as they lower the consumer entry barrier and increase the market penetration. The proliferation of inexpensive smartphones and wide access to mobile broadband networks like 4G and 5G means a common and connected base of consumers can access food delivery applications nearly anywhere. The most common form of application to access food delivery services is through a mobile device. These applications allow users to browse menus, access their current location, and receive order status, payment options, and personalized notifications. As of January 2024, there were 331.1 million internet users in the United States, with internet penetration at 97.1%, making a wide addressable market. The rising use of digital and cashless payment methods such as digital wallets (PayPal, Apple Pay, Google Pay), credit cards, debit cards, Unified Payment Interface (UPI), and net banking has made transactions frictionless and seems to have simplified matters a great deal.
Online Food Delivery Industry Segmentation:
Segmentation by Platform Type:
• Mobile Applications
• Website
Segmentation by Business Model:
• Order Focused Food Delivery System
• Logistics Based Food Delivery System
• Full-Service Food Delivery System
Segmentation by Payment Method:
• Online Payment
• Cash on Delivery
Segmentation by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Countries Covered: United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico
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Leading Companies Operating in the Global Online Food Delivery Industry
• Deliveroo
• Delivery Hero SE
• Domino's
• DoorDash, Inc.
• Eternal Ltd
• Grab
• Grubhub Inc.
• Just Eat Takeaway.com
• McDonald's Corporation
• Papa John's International, Inc.
• Pizza Hut, LLC
• Swiggy Limited
• Waiter.com, Inc.
Top Online Food Delivery Companies in the World: https://www.imarcgroup.com/top-online-food-delivery-companies
Contact Us
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Email: sales@imarcgroup.com,
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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