North America Online Food Delivery Market Report and Forecast 2024-2032

North America Online Food Delivery Market Outlook

The North America online food delivery market attained a value of USD 32.46 billion in the year 2023. The industry within the region is further expected to grow at a CAGR of 13% between 2024 and 2032 to reach a value of almost USD 97.44 billion by 2032.

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The industry in North America is driven by multiple factors, including significant urban population, busy lifestyles, and lack of domestic help. Moreover, several online food delivery service providers are experimenting with innovative food delivery methods via self-driving cars, drones, and robots, thus, propelling the market growth for the service in North America. Additionally, high living standards of individuals are continuously spurring the demand for the services in the region.

Market Segmentation

Online food delivery is a digital or virtual food ordering process in which, by the use of the mobile application or a webpage, food is ordered from the restaurant. These apps or webpages are linked to various food cooperatives or restaurants, making them available for customers to receive food items in any place, at any time. These apps offer convenient payment options, occasionally discounts too, to cater to the varying needs of the consumers.

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The industry in North America is bifurcated on the basis of platform type into:

• Mobile Applications
• Websites

On the basis of the business model, the industry is divided into order focused, logistics based, and full-service food delivery systems.

On the basis of the payment method, the industry is categorised into:

• Online
• Cash on Delivery

The report also covers the regional markets for the service in North America like the United States and Canada.

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Market Analysis

The industry in North America is driven by the ability of these platforms to register and uphold accounts to make the frequent ordering of food more convenient. Usually, a customer initiates the food ordering process by searching for a preferable restaurant or food outlet, selecting the food items from their menu, putting them in the digital cart, and choosing the option of delivery. Payment for this is either made by online means, such as a debit card, credit card, net banking, and digital wallet or via Cash on Delivery (COD). Due to the reduced errors, labour expenses, waiting time, and long queues, the usage for online food delivery systems are increasing within the region.

With the increase in the sales of smartphones, rocketing internet penetration, and the burgeoning food industry, a substantial number of consumers are relying on these applications for trying out different cuisines. Moreover, these applications equips service providers with detailed customer information, which can be employed by them for developing and effecting promotional strategies. Some of the key advantages of the service are easy and fast ordering and hassle-free delivery, which are aiding the market growth in North America.

The comprehensive EMR report covers the macro and micro aspects of the industry. The report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis. It also gives a detailed analysis of the historical (2018-2023) and forecast (2024-2032) trends of the platform types, business models, and payment methods of the industry.

Key Highlights of the Report